Written by Miami Today on January 3, 2013
Miami is a weekly feature of Miami Today, keeping readers ahead
of the news. Here are highlights from the most current edition.
coverage, including The Insider and all information columns,
is available in the e-edition. Sign up now.
BEACH CENTER SOLD: Development partners Jeff Berkowitz and auto dealers Alan Potamkin and Robert Potamkin have sold Fifth & Alton Miami Beach, a shopping center completed in 2009, to Edens, an East Coast real estate owner and developer that owns 111 retail centers. The purchase price was not disclosed. Mr. Berkowitz, president and founder of Berkowitz Development Group, which developed the project, had said last spring that he hoped to retain his share of the center but that his partners wished to sell. He is in the process of developing Coral Station, a 330,000-square-foot vertical retail center in Coral Gables. The 180,000-square-foot Fifth & Alton was fully occupied, with tenants including Publix, TJ Maxx, Staples, Best Buy and Ross Dress for Less. The center was put on the market in May 2012, and the sale was announced Monday. Over the past six months, Edens says, it has acquired six assets in Miami, investing close to $300 million in them. The company owns 20 properties throughout Florida.
AVENTURA TOWER SOLD: Ten-story office building Concorde Centre II has been sold for an unspecified amount and is being renamed Aventura View. The Class B building at 2999 NE 191st St. adjacent to Aventura Mall is now 83% occupied. New owner Steelbridge Capital says it plans capital improvements and expanded marketing and amenities is it repositions the 106,500-square-foot building. Among current tenants are JGB Bank and Behar, Gutt & Glazer law firm. "This is our second acquisition this year and we have several others in our investment pipeline," said Gavin Campbell, managing principal of Steelbridge Capital.
SPEAKING TO LEGISLATORS: The Miami-Dade County Legislative Delegation will hold a public hearing to discuss economic development, local affairs and general legislative issues at 10 a.m. Jan. 10 at Florida Memorial University’s Smith Conference Center, 15800 NW 42nd Ave., Miami Gardens. Those who wish to speak must sign up by Jan. 7. Details: (305) 984-2148.
BUS BENCH SAFETY: Miami-Dade is looking for the county’s 100 most-utilized bus stops and studying the feasibility of installing safety barriers at bus benches and shelters. Commissioners voted 12-0 for the study and asked for a report within 90 days in order to protect bus riders. The study is also to look at the feasibility of amending bus bench and shelter contracts to facilitate installation of the barriers. The study would aim to pinpoint potential costs and safety benefits of the barriers.
Complete coverage, including The Insider and all information columns, is available in the e-edition. Sign up at www.miamitodaynews.com