Written by Miami Today on September 12, 2002
BRICKELL RE-PLANS: Brian Collins, a partner with New York-based Millennium Partnership, said he is likely to come up in October with a new proposal for the undeveloped 12 acres his firm owns between the Miami River and Southwest Eighth Street, a block west of Brickell Avenue. A year ago the plan was to build a mixed-use project with shops, restaurants, movie theaters and some office space. Those plans were put on hold after 9-11. Millennium is building the Four Seasons Hotel & Tower Miami on Brickell Avenue.
PARKING DOWNTOWN: City of Miami staff plans to present to commissioners next month an ordinance that, if approved, would allow developers to provide off-site parking for residential buildings in Miami’s downtown and central business district. Developer Rafael Kapustin, a key figure in development in downtown Miami, said he plans to attend the meeting.
BROKERAGE TO BRICKELL: As part of a corporate-wide strategy to go where the traffic is, St. Louis-based online brokerage Scottrade moved out of an 8th floor suite at 1110 Brickell Ave. to the 1st floor 1000 Brickell Ave. "We’re trying to move out of branch offices that we have on upper floors in order to create more street-level storefronts that are more convenient for customers," a company spokeswoman said. Established in 1980, Scottrade serves individual investors who are comfortable making their own investment decisions. The company reports it manages 161 support offices nationwide.
TRADE TALK: The Florida Foreign Trade Association, City of Miami International Trade Board, Enterprise Florida and the US Commercial Service of the US Department of Commerce are presenting "International Trade Hall of Fame Success Stories" from noon-1 p.m. Sept. 26 in the 94th Aero Squadron Restaurant, 1395 NW 57th.Ave. The event is designed to honor "those who made Miami a bustling trading and shipping center." Cost is $30; $25.00 for members. Details: (305) 471-0737
FIRST UNION CONTRACT: Insignia-ESG was been named leasing agent for First Union Financial Center, 200 S Biscayne Blvd. The 55-story, 1,145,311-square-foot office building, the largest in Miami, was recently purchased for $270 million from The Shorenstein Co. by Australian Lend Lease in a joint venture with The KanAm Group, a German syndicator. Insignia will retain Property Manager Tim Keable, Chief Engineer Steven Boos and Leasing Agent Danet Linares, said Timothy Prunka, executive director for Florida and the Caribbean.
BEACON ADDS: General Mills Operation Inc. leased 32,700 square feet of industrial space at Beacon Station, 9955 NW 116th Way. Pedro J. Garcia and Stuart T. Gordon of Codina Realty Services represented the landlord, Flagler Development Co. William Nichols with Corporate Service Consortium Inc. represented the tenant in the transaction. Mr. Garcia and Mr. Gordon also leased 17,326 square feet to ATC Group Services with no co-broker and 12,000 square feet to Florida Distribution & Logistics. Ana Carolina with Digiacomo Group Inc. represented the tenant in that transaction.
JADE FINANCED: Fortune International and Swire Properties announced the closing of a $145 million construction loan from HSBC Bank USA for Jade Residences at Brickell Bay, a 48-story luxury condominium under construction at 1331 Brickell Bay Drive. Developers say more than 70% of Jade’s 336 condominiums are under contract at prices ranging from the $400,000 to more than $4 million.
COMMERCIAL EXPO: The Realtors Commercial Alliance of Greater Miami & The Beaches is presenting its Commercial Real Estate Expo 2002 from 7:30 a.m.-4 p.m. Sept. 20 in the Radisson Hotel, 711 NW 72nd Ave. The educational and networking program features talks on "What’s New & What Works" by Jim Young, president of the Jamesan Group, and "Introducing Miami’s Commercial Data Exchange," by Doug Curry, president of Xcelligent. Angela Gittens, aviation director for Miami- Dade County, is due to give the keynote address. Cost is $69; $49 for members. The free expo is from 10 a.m.-4 p.m. Details: Letty Oliver, (305) 468-7077.
HEADLINER: When Ramiro Ortiz moved from heading SunTrust in Miami to become president & CEO of BankUnited, he was just in time to become keynote speaker of an event his new bank annually sponsors: the fifth annual Coral Gables Chamber of Commerce Gables Diamond Awards. He’ll speak at the Sept. 19 breakfast at the Biltmore at which the winners are named and honored.
DIAMOND NOMINEES: Nominated for large business honors in the Diamond Awards are A.G. Edwards & Sons, The Collection, Eastern Financial, Omni Colonnade Hotel and Turner Construction. Midsize nominees are Apricot Office Supplies, Atlantic Dental, Caffe Abbracci and Home Financing Center. Small business nominees are Carroll’s Jewelers; Evensky Brown & Katz; Frameworks; LanguageSpeak and Sharff Wittmer. And new business nominees are Bristol Bank, Coral Way MRI, Columbia Title of Florida, TanSolaire and Wolfe’s Wine Shoppe.
HOMETOWN HIT?: "Looking for the next hot TV program this fall? All roads point to the heat of Miami," says Advertising Age to lead off a Sept. 2 article on the fall TV season. "An informal consensus of top media agency executives points to CBS’ new show CSI: Miami as having the best chance of 38 new network shows to make it to hit status this fall." Stay tuned.
BACK TO THE AMERICAS: Marco Rocca, who was Italy’s consul general in Miami in the 1990s and was most recently based in Rome, has been named Italy’s ambassador to Panama.
GROVE AT LAST: The Ritz-Carlton Coconut Grove, 3300 SW 27th Ave., is set for a Sept. 20 opening, said Michelle Payer, spokeswoman. She said the hotel has already booked rooms for its first night and private parties are scheduled the following weekends. The 115-room property is two years behind schedule.