Written by Miami Today on July 5, 2001
Miami is a weekly feature of Miami Today, keeping readers ahead
of the news. Here are highlights from the most current edition.
MIAMI POSTS: City of Miami commissioners are appointing five members to a Miami Economic Development Financing Authority July 12 or July 26, said Robert Nachlinger, assistant city manager. The group, which can issue low-interest rate bonds to finance development in Miami, is first to set up operating rules. Appointees are to be experts in the fields of banking or investment banking, accounting and legal, and real estate development.
PARK SHORTFALL: Miami’s Community Redevelopment Agency is short $309,000 of $3.8 million needed to rebuild Margaret Pace Park, 1745 N Bayshore Drive. The park, now fenced off, is undergoing $500,000 in phase 1 work, including some demolition, wiring and sanitary system upgrades. Bids for the next phase are on the way, said Dipak Parekh, agency executive director. The new design calls for four tennis courts, two soccer fields, a cricket field, a basketball court and a play area.
PARKS NO; BOWL YES: Commissioner Arthur Teele, chairing the agency, said it would not make sense to issue general obligation bonds to remodel Pace and Hadley parks because only two neighborhoods would benefit. He said he would instead support issuing bonds to repair the Orange Bowl. "The Orange Bowl is part of our tradition," Mr. Teele said. "It is rooted in our culture." Mr. Teele said he would like to have a less sophisticated fire department and reallocate some of those funds for parks. With Commissioner Johnny Winton he asked City Manager Carlos Gimenez for a list of capital needs. Mr. Winton said he would like to hold a referendum dealing with infrastructure projects on Nov. 6.
DOWNTOWN DEAL: The New York branch of Bayerische Landesbank Girozentrale has refinanced the First Union Financial Center, 200 S Biscayne Blvd., with a $150 million non-recourse mortgage loan to SRI Miami Venture, an affiliate of the San Francisco-based Shorenstein Co. Bayerische, said Joshua Stein, partner with Germany’s Latham & Watkins, which represented the lender in the deal. He said Bayerishce "funded the entire loan itself at its origination and is presently syndicating it among a group of US and foreign banks." Francisco Menendez of the law firm Stearns Weaver et al. provided local counsel services in the transaction. "Even under the current economic circumstances," Mr. Stein said, "this deal demonstrates the continued attraction and finance-ability of first-class, well-situated, well-tenanted and well-managed office buildings in downtown locations."
GREENBERG ADD: The law firm Greenberg Traurig added Simon Ferro as a shareholder in its Miami office. Mr. Ferro is former US ambassador to Panama and was named to the US diplomatic mission in Panama by former president Bill Clinton during the handover of the canal in 1999. Over the years, a spokesperson for Greenberg Traurig said, Mr. Ferro has worked closely with the international corps at the White House, state department, department of defense, the National Security Council and US SouthCom. "I am please to be back in Miami after two years in Panama," Mr. Ferro said of his new post.
BRICKELL TALK: The next presentation in the "Of Importance to Brickell" series is noon-2 p.m. July 18 in the Sheraton Biscayne Bay Hotel, 495 Brickell Ave. Angela Gittens, director for the Miami-Dade Aviation Department, is scheduled to speak on "Where do we go from here? Miami International Airport." Her talk is co-sponsored by the Brickell Area Association and Miami Today. Cost is $35; $30 for members. Details: (305) 375-0080.
SALVATION AUCTION: The Salvation Army plans a car and boat auction at 9 a.m. July 21 at the Adult Rehab Center, 2236 NW Miami Court. Cost is $100 to register, which is refundable. An inspection of vehicles starts at 8 a.m. Details: (305) 573-4200.
GROVE JAYCEES: The Coconut Grove Jaycees meet at 7:30 p.m. on the first and second Wednesday of the month at Monty’s Raw Bar, 2550 S Bayshore Drive, Coconut Grove. The next gathering is July 18. Details: (305) 576-4141.
UP CLOSE & PERSONAL: Alan Randolph, head of the city’s Production Industry Council, is the next special guest in the Miami Beach Chamber of Commerce’s "Up Close & Personal" series from 8:30-10 a.m. July 12 in the Ocean Resort, 3025 Collins Ave., Miami Beach. RSVP. Cost is $15. Details: (305) 672-1270, ext. 19.
NORTHERN BREAKFAST: The North Dade Regional and Aventura chambers of commerce are holding a joint networker from 7:30-9 a.m. July 12 in Aventura Mall, 19501 Biscayne Blvd., Aventura. Details: (305) 690-9123.
BEACON GOLF: The Beacon Council is holding a fundraiser for the "2001 Miami-Dade Marketing Initiative" starting with an 8:15 a.m. shotgun kick-off July 13 at the Doral Golf Resort & Spa, 4400 NW 87th Ave. An awards luncheon is scheduled at 1:30 p.m. An auction of travel and dining packages, golf gear and airline tickets is also scheduled. Cost is $150; $525 for four. Details: (305) 579-1336.
MARKETING AID: The Florida Atlantic University Small Business Development Center is offering a seminar, "Marketing & Sales: The Successful Approach," from 6:30-9:30 p.m. July 17 in M-DCC Wolfson, 300 NE Second Ave. Cost is $25. Details: (786) 388-9040.
NETWORKER: The Miami Business Alliance is holding its next networker from 8-9 a.m. July 19 in the Bankers Club, One Biscayne Tower, 2 S Biscayne Blvd. RSVP. Details: (305) 361-9662.
STARTUP SEMINAR: A seminar, "How to start & run a successful business," is being presented by the SCORE group of the US SBA from 8:30 a.m.-1 p.m. July 21 in the Citadel Building, 49 NW Fifth St. The free presentation is billed as a must for startups and expansions. Topics include finance, marketing, legal and accounting issues. Details: (305) 371-6889 or scoremiami.com.