FYI Miami: August 14, 2014
THE BOAT SHOW QUESTION: During renovation of the Miami Beach Convention Center, space available for some shows will be limited. For the Miami International Boat Show, that means working with City of Miami Beach and center staff to explore viable options for relocating portions of the show during construction, which is expected to begin after 2015’s Art Basel Miami Beach. “We are still exploring our options and waiting for questions to be answered to determine how to move forward with the” center, said Sarah Ryser, a spokesperson for the National Marine Manufacturers Association, the organization that produces the show, in an email to Miami Today.
SALES TAX TALES: Growth of spending on consumer goods plus tourism was 4.4% in the Miami area the first quarter of this year, trailing the state total of 6.2% and well behind leaders West Palm Beach at 6.9% and Fort Lauderdale at 6.8%, according to analysis of the state’s taxable sales by Coral Gables’ Washington Economics Group Inc. For total investment related taxable sales, which is made up of construction and business investment, Miami’s growth was 7.7%, far behind West Palm Beach’s 11.1% but above the state average of 7.3% and ahead of all other major cities. For just building investment taxable sales, Miami’s gain was 9.5%, slightly slower than the gain of the state as a whole at 9.6%, the report showed.
PRESSING MATTER: A new convenience may be coming to a parking garage near you. The city’s Off-Street Parking Board approved an 18-month contract between the Miami Parking Authority and Zoom Locker for drop-off laundry/dry cleaning services. The deal includes a six-month “ramping up period” in which no fees will be collected from Zoom Locker. Following that, for the subsequent 12 months, Zoom Locker will $200 per month per location for lockers placed in authority facilities. If successful, a new contract could result. Rolando Tapanes, authority director of planning & development, said the authority isn’t looking at this venture as a moneymaker: “It’s an added service for our clients.”
VICTORIA LOAN: Victoria Nursing and Rehabilitation Center Inc. has secured a 15-year fixed-rate loan for $29 million through Ocean Bank. The 85,770-square-foot skilled nursing facility is at the site of the former Victoria Hospital, 955 NW Third St. The 264-bed property encompasses five floors in the eight-story Victoria Medical Center, which was built in 1971 and renovated in 2001. HFF arranged the loan.