FYI Miami: October 3, 2013
DOUBLY LOCAL: A two-year extension of an agreement with Broward County that gives bidders on county contracts in both counties the status of being local in the other county won Miami-Dade County Commission approval 8-0 on Tuesday. Each county allows locally-headquartered companies that bid within a set percentage of a non-local bidder to enter a second round of bidding and possibly win the contract. That margin in Miami-Dade is 15%. Since the agreement took effect in 2002, Deputy Mayor Edward Marquez told Miami-Dade commissioners in a memo, Broward has awarded six contracts to Miami-Dade vendors and Miami-Dade has awarded 10 to Broward bidders. The commission’s Finance Committee sent the measure to the full commission in August without discussion.
WE’RE NUMBER FOUR: Greater Miami, which has consistently been in the top three in the nation in the most significant ratings for hotel occupancy and revenue, is number four in all three categories for January-August this year. While Miami has fallen in rankings, it has gained in each statistical area. Revenue per available room was $144.60, trailing New York, Oahu Island and San Francisco, although Miami gained 11.4% in revenue compared with last year. Miami trailed the same three cities in average daily room rate with $181.75, up 8.9% for the period compared with the same period in 2012. And Miami’s average daily occupancy was up 2.3% to 79.69%, trailing Oahu Island, New York and San Francisco. All figures are reported by the Greater Miami Convention & Visitors Bureau.
PARTING GIFT: Beneficial Communities, operating as Lulav Square Apartments L.P., has purchased the largest government-subsidized Section 8 low income apartments property in South Beach for $9.75 million. The seller was Howeco LLC, which had owned and managed the property since 2001. The 140 units listed at 628 Lenox Ave. were built in 1925, said Elizabeth Brown of Azco Realty, who co-brokered the transaction with Michael Litsky of Keyes Commercial. On closing, Ms. Brown said, the seller gave each tenant a $50 Publix gift card.
BACK TO CITY HALL: After almost 47 years of Miami-Dade County acting as the building department for the City of West Miami, the city is taking over the job itself in January, including processing and issuing building permits, reviewing plans, doing inspections, and issuing certificates of occupancy and of completion. The city approved the measure in August and the county did the same last month.