WEEK OF THURSDAY, SEPTEMBER 24, 2015
A Singular Voice in an Evolving City
WWW.MIAMITODAYNEWS.COM $4.00
ARTS & CULTURE
DOWNTOWN & BRICKELL
Season providing broad range of performance choices, pg. 12
Most new condos used as rental and rents have flattened, pg. 15
PRICES STABLE: Miami-area prices stabilized over the past two months, remaining 1.3% higher than this period last year, the latest Consumer Price Index released last week showed. Eating became more expensive, as food prices rose 1.1% during the two-month period, led by a 1.4% increase in the “food at home” index. Prices for utility gas service decreased 1.8%, while prices for electricity were unchanged. Medical care costs and primary residence rent were among categories with the highest year-over-year increase, both surpassing 6%.
THE ACHIEVER
BY CATHERINE LACKNER
WORLDCENTER ELECTION: The Miami Worldcenter Community Development District held its landowners’ election Sept. 16, when the district’s five-member board was officially approved. Landowners attending were Michael McGraw, representing The Forbes Co., and Neil Eisner, a proxy holder for six different land-owning entities. Following suit with the initially appointed board, John Chiste was voted chair, Mr. Eisner vice chair, and Steve Colamarino, Joe DiCristina and Cora DiFiore assistant secretaries. Mr. Chiste and Mr. Eisner are to both serve four-year terms, while the rest of the board members are to serve two-year terms. The district will become a financing mechanism for community infrastructure, facilities and services, along with the development’s ongoing operations and maintenance. FELLOW TRAVELERS: Miami-Dade commissioners have initially OK’d using impact fees to fund mass transit that benefits multiple fee districts. The ordinance, on the Sept. 16 agenda, says roadway trust funds from one or more impact fee districts can be spent on transit capital improvements if commissioners, after a hearing, determine they would provide roadway capacity and benefit each district contributing roadway trust funds to the transit improvement. Transit projects would be chosen for roadway trust fund endowment based on their expected effectiveness in improving roadway capacity. The issue is tentatively due for an Oct. 14 hearing before the Transit and Mobility Services Committee. COLOMBIA’S TURN: Colombia has replaced Brazil as the top country using the Miami Association Realtors’ online search portal in July. Brazil had led all international consumers using Miamire.com for 13 consecutive months, according to a press release. Colombia hasn’t held the first place spot since May of last year, but has finished second to Brazil for the past six months.
Eric Mendelson
Photo by Marlene Quaroni
Oversees high-flying aerospace corporation HEICO The profile is on Page 4
Board OKs 1,771 Miami Worldcenter residences BY JOHN CHARLES ROBBINS
Two main components of Miami Worldcenter won the approval of a city review board Sept. 16, promising apartments, hotel rooms, office space, restaurants and stores hugging a new 7th Street Promenade. Two groups of architects, designers, attorneys and developers took a tag-team approach in presenting details for Worldcenter Block E, north of what will be the promenade, and Worldcenter Block G, bordered on the north by the promenade and on the south by FEC rail tracks. The sites are between North Miami Avenue and Northeast First Avenue. A key to the Miami Worldcenter plan is closure of Seventh Street to create a landscaped pedestrian pathway leading to the old Miami Arena site, which will be developed into Miami World Expo Center, a $600 million hotel and convention center. Miami Worldcenter is billed as a $2 billion project out to transform 27 acres of the urban core. As designed by Arquitectonica, Worldcenter Block E will include two towers, 48 and 37 stories, joined by a parking
AGENDA
Downtown Tri-Rail tie up to state
podium topped with amenities. The project will include 899 residences, 344 hotel rooms and parking for 1,100 cars. It will also be home to 38,850 square feet of office space, 11,200 square feet for restaurants, and about 10,000 square feet of retail. Newgard Development Group is building Worldcenter Block E. “Newgard is excited to be part of Miami Worldcenter as the project prepares to break ground this year,” said Newgard’s Barbara Salk. “We’re bringing a mixed-use development with hotel, retail and multi-family uses to the heart of downtown just as Miami’s brand goes global,” she said. “Our project, which is consistent with the master-planned vision for Miami Worldcenter, will complement the project’s nearby hotel, expo center, residential and retail components as well as All Aboard Florida’s MiamiCentral project, which is now under construction.” Worldcenter Block G, to be called Miami Worldcenter 7th Street Apartments, is designed by Cohen Freedman Encinosa & Associates Architects. Two towers will anchor the ends, with the 43-story east tower being home to 450
residences and the 40-story west tower containing 422. The amenity deck is to have a dog run. The towers are to be joined at the base by a garage with 1,047 spaces for residential and an additional 20 for commercial use. Worldcenter Block G will also provide about 20,679 square feet of retail space. The Urban Development Review Board recommended approval of both projects. Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, is master developer for the mixed-use Worldcenter. In 2011, Miami Worldcenter Associates partnered with CIM Group and assembled a team of developers that will bring Worldcenter to life. Miami World Expo Center, which includes a Marriott hotel, is being built by MDM Development Group. Groundbreaking is expected this fall. A demolition was held Sept. 3 to clear the site for Paramount Miami Worldcenter, a 60-story, 500-unit condo tower planned as part of the Mall at Miami Worldcenter, a 765,000-square-foot retail and entertainment venue anchored by Macy’s and Bloomingdales.
All local funds are in place, but Tri-Rail’s link into downtown sits on a side track, awaiting $17 million from the Florida Department of Transportation to come through. The state hasn’t indicated when the money will be allocated, said Bonnie Arnold, spokesperson for the South Florida Regional Transportation Authority, which operates the commuter line. From as far north as Palm Beach, “it will be a one-seat ride into downtown” when the link is completed, Jack Stephens, authority executive director, has said. Directors of Miami’s Downtown Development Authority voted in May to spend $1.3 million over the next three years to support the extension. All Aboard Florida, a private rail line between Miami and Orlando owned by the Florida East Coast Railway, has offered the regional transportation authority the opportunity to run a track into the station it is building downtown. The construction cost to bring commuter rail into Miami Central Station is estimated at $49 million, to be borne by the state, Miami and its redevelopment agencies, Miami-Dade County, metropolitan planning organizations, All Aboard Florida and the authority itself, a memo noted. Mr. Stephens approached the downtown authority to request funding this year. The Omni/Midtown and Southeast Overtown/ Park West community redevelopment agencies have pledged up to $40 million toward extending the line into downtown for a projected $69 million. Miami has pledged $5 million, the county $14 million, the Citizens’ Independent Transportation Trust $8.4 million and his agency $3.1 million, Mr. Stephens said. Need to expand rail is there, he said. Tri-Rail ridership increased 30% between 2005 and 2014, and use grows yearly, he said. The line now serves about 16,000 people daily.
TRIPLE-TOWER PROJECT TO RISE BESIDE ARTS CENTER ...
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COMMISSION DEBATE: DO JOB GRANTS REQUIRE JOBS? ...
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LURING LONGEST PASSENGER NONSTOP A LONG TRIP ...
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DOWNTOWNERS BOIL OVER FLAGLER REVAMP DELAY ...
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VIEWPOINT: TRANSIT TRUST LIVING UP TO ITS NAME ...
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60-YEAR ROYAL CARIBBEAN LEASE MEETS ONE CRITIC ...
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IS SLOWER INCREASE IN HEALTH SPENDING A TREND? ...
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BEACH SAND REPLACEMENT FUND HITS $27.5 MILLION ...
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