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Miami-Dade
Miami Beach convention center troubles
MIAMI — Florida East Coast Railway again is running direct rail service into PortMiami, where containers are loaded directly onto trains. >> City commissioners approved plans for two one-block developments in the city’s Overtown neighborhood, near the Lyric Theater. Developers R. Donahue Peebles and Barron Channer plan a $100-million development called Overtown Gateway, which will include a hotel, retail, parking, affordable housing and other residential components. >> Passenger railway company All Aboard Florida plans to build its headquarters, other office space, retail and parking near the site where it plans its Miami train station. >> Voters approved an $18-million development Plan for the main waterfront parcel in the Coconut Grove neighborhood, which allows Grove Bay Investment Group to begin building restaurant locations, restore a pair of historic Pan Am airlines hangars, build a promenade and a pier and overhaul the Grove Key Marina. >> Melo Group opened 22 Skyview, a 280-unit rental apartment building in Edgewater that is the first market-rate rental completed since the recession. >> Dallasbased Mill Creek Residential plans to develop a 262-unit rental apartment complex connected to a Metrorail stop, on Bird Road close to Coral Gables. >> Swire Properties paid $64 million for property on Brickell Avenue in downtown’s Brickell district. The company plans an 80-story tower with retail, office space, a hotel and condominiums. The property will serve as the entrance to its Brickell CityCentre project. >> Miami World Center Holdings, which plans a 20-acre mixeduse high-rise development just north of downtown, paid $12 million to acquire two properties northwest of the American Airlines Arena. The seller was Miami-based Equipment Leasing of Florida.
MIAMI BEACH — Car Charging Group purchased the Blink Network from ECOtality for $3.35 million. Blink’s more than 12,000 charging stations make Car Charging Group the largest electric vehicle charging company in the world.
MIAMI-DADE COUNTY — The county commission moved its urban development boundary westward, which will allow development in previously protected areas. >> Voters approved an $830-million bond to renovate and expand Jackson Health System, the county’s public hospital system. >> Miami International Airport received a $101-million grant from the Transportation Security Administration to fund 90% of a project to double the speed of the airport’s current baggage screening systems and cut down on the number of mishandled bags. >> Tobacco company Liggett Group and its parent company, Vector Group, agreed to settle thousands of class-action smokers’ lawsuits from Florida residents for $110 million. They are the first companies in the state to try to come to an agreement with the plaintiffs, who in 2000 won a $145-billion verdict against several major cigarette makers.
NORTH MIAMI — Aventura-based Advenir paid $44.45 million to buy the 400-unit Berkshires at Walden Lake apartment community from Bostonbased Berkshire Property Advisors. The community, which is required to rent 20% of its units to households with income of at or below 80% of the county’s median income, was 95% occupied at the time of the sale.
Condo Pipeline
Sunny Isles Beach-based Dezer Properties and Miami-based Related Group plan the two-tower Armani Residences by Cesar Pelli on an oceanfront site in Sunny Isles.
Lionheart Capital announced plans for the seven-acre, 126-unit Ritz-Carlton Residences, Miami Beach, which will include an onsite marina, on the current site of the Miami Heart Institute.
