Written by Miami Today on July 18, 2002
PARK WEST TOUR: Miami Mayor Manny Diaz took a two-hour tour of Park West Monday with a group of residents and business owners. They told the mayor about needs such as more police, landscaping and street lighting, said Gil Terem, who participated. Mr. Terem said the mayor promised to create a task force to identify and implement solutions to anything thwarting redevelopment. The neighborhood is home to the performing arts center and remodeled warehouses turned into clubs. Buildings that are more than half a century old are selling for more than $100 per square foot, up from $30 a square foot two years ago. Residents, city staff and the mayor are scheduled to meet again today (7/18).
SUNNY ISLES SUITES: Homewood Suites by Hilton, an all-suite residential-style hotel chain, announced it is opening a 100-suite property at 18100 North Bay Road, Sunny Isles. Managed by Miami-based Cardel Hospitality Group, the Homewood Suites by Hilton Sunny Isles becomes the first condominium-hotel in the Homewood Suites system, said Jim Holthouser, senior VP for brand management. "We are very pleased," said Carlos Rodriguez, Cardel chairman & CEO, "to offer our first condominium-hotel option for the growing number of travelers who prefer upscale all-suite hotels when visiting South Florida.
BI-DEGREE: St. Thomas University is proposing the development of a master’s degree program in Hispanic communications, a bilingual track that would focus on training bilingual, bicultural business communications experts. The program would address various areas corporate communications such as marketing communications, event management and creative processes. Students would also refine their written and spoken English and Spanish skills to communicate in a bilingual business environment. University officials are conducting a survey to determine the demand for such a program. Details: (305) 628-6508
EURO-BOUND: Hollywood-based Confida Corp., a technology consulting firm, was the only South Florida business joining last week’s US Commerce Department trade mission to Milan, Rome, Barcelona and Madrid. The mission, designed to lay inroads into the fast-growing Italian and Spanish technology markets, brought small- and medium-sized businesses from across the US to forge relationships around project management and inventory and profitability management, organizers said. According to the department, Spain has the second-fastest growing economy in the European Union while Italy’s imports grew last year by 25%. Florida’s exports to Spain last year totaled $152 million, while the state’s exports to Italy reached $273 million – a 20% increase from 2000, the department reported.
E-CONTRACT LINE: Miami-Dade has installed an e-line for firms looking to land county contracts. The new application, said publicists, enables vendors to enroll online to get notices about contracts, download contract solicitations and get e-mails about any subsequent modifications to the county’s request. He said Miami-Dade contracts for about $900 million in goods and services annually. Details: miamidade.gov.
DORAL BRANCH: Birmingham, AL-based SouthTrust Bank announced it has opened a branch at 10805 NW 41st St. to service the Doral area of Miami. Features include a drive-through auto teller and commercial deposit box. Details: (305) 420-1800.
FEDERAL OK: Fort Lauderdale’s Andrx Corp. announced it got federal approval this week for 10 and 20 milligram tablets of tamoxifen citrate tablets for the treatment of breast cancer. The federal OK was the second in two weeks for the company, said Andrx CEO Richard J. Lane. He said tamoxifen citrate is marketed by Astrazeneco Pharmaceuticals and it, along with generic counterparts, represented sales worth $515 million in 2001.
NORTHERN EXPO: The North Dade Regional Chamber is holding a business expo from 10 a.m.-9:30 p.m. July 27 and noon-8 p.m. July 28 in the Aventura Mall, 19501 Biscayne Blvd., Aventura. Details: (954) 214-9400.
GRAND DEVELOPMENT: Developer Gino Falsetto, a principal with The Grand & Associate Realty Inc., said he is working on plans to build a 60-unit residential condominium building at 25th Street and Biscayne Bay. He said he expects to get design approval for the $16 million development in November. Apartments, some to be loft-style units, will sell from $300,000-$600,000, Mr. Falsetto said. He said the 20-story building would sit on 0.5 acres of waterfront.
INTERNATIONAL COORDINATOR: Luis Lauredo of Hunton & Williams in Miami was named coordinator of International Communities, a bi-partisan group that will monitor the October 2002 Ecuador elections. Mr. Lauredo is also coordinating from July 24-28 a basketball exhibition game in Guayaquil with a team of players from the University of Miami and Florida International University and help coordinate Ecuador’s II Reunión de Presidentes Americas del Sur, a summit of leaders from 12 South American countries.
LAKES SALES: A private New York-based investment firm paid $4.25 million, or $40.14 a square foot, for a 105,871-square-foot manufacturing and office building on 7.3 acres at Miami Lakes Industrial Park, 14429 NW 60th Ave. The property, built by Security Plastics in 1972, was most recently leased to National Molding Co. About 10,000 square feet will be subleased. The Graham Cos. bought an adjacent 1.25-acre vacant industrial site for $300,000, or $5.51 a square foot. Steven J. Medwin and Harry E. Wardell, both vice presidents with Lincoln Property Cos., handled both transactions.
GABLES MOVE: Kelley Swofford Roy Inc., a marketing agency with clients that include MDX Authority and Sol Melia resorts, relocated within Coral Gables to larger quarters in Ponce de Leon Plaza, 3399 Ponce de Leon Blvd. The firm’s new space is about twice the size of its former office. Susan Kelley, president & founder, said she needed to expand as her business has kept growing. "It was a bold move right after 9/11 on our part to finalize our new relocation plans at Ponce de Leon Plaza so quickly," she said. "Things continue to look positive and business is steady, so our planning paid off."