FYI Miami: June 30, 2016
Written by Miami Today on June 28, 2016
Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
REVIEW CHARTER PROPOSALS: Miami Commissioner Francis Suarez, chair of the 14-member City of Miami Charter Review and Reform Committee, presented the group’s final report to commissioners June 23. Mr. Suarez called the committee’s 17 recommended changes to the city’s rule book “very comprehensive reforms.” They include form of government, how to handle city-owned property, public safety issues and more. The city commission will decide which recommended changes to place before voters in the November general election. Commissioners scheduled a workshop to review the committee’s report for 9 a.m. July 13 at City Hall. It will be open to the public. A second meeting might choose which of the 17 recommendations to condense into ballot questions.
HOTEL OCCUPANCY DIPS: Miami-Dade’s average daily hotel occupancy fell to 81.3% for the first five months of this year from 82.5% in the same five months of 2015. The number of rooms sold in that period actually rose 2.5%, from just under 6.3 million total last year to close to 6.5 million this year, but that gain couldn’t keep pace with the 4.1% increase in rooms in the county as new hotels have been added since May 2015. The room supply of 50,533 in the period last year increased to 52,618 available each night this year. The Greater Miami Convention & Visitors Bureau points out that revenue per available room, which fell from $189.36 in the first five months last year to $181.62 this year, declined 4.1% but was still third highest in the US. Also third highest was average daily room rate, which fell 2.6% year over year to $223.45.
UNIVERSITY’S LARGEST FALL CLASS: Florida Memorial University in Miami Gardens says it has accepted its largest class ever for fall, 3,780 applicants of the 7,000 who applied. The academic profile for the university has increased to a grade point average of 3.0, with the required Scholastic Aptitude Test scores raised by 100 points. Reynolds Brown, vice president of enrollment management, said social media and specialized email media and marketing strategies added to the influx of students at the historically black university, as did on-line campus tours. Of applicants this year, 70% were from Florida, the university said.
WYNWOOD BUY: New York investor Aron Rosenberg has purchased a corner lot in Wynwood adjacent to a site he purchased in March with the aim of development of an undisclosed project. He paid $11.5 million for 2916 N Miami Ave., across from the Midtown Malmart development site, after spending $6.5 million in March for 2994 N Miami Ave.