FYI Miami: July 30, 2015
BIG NEW PLAT: Just weeks from breaking ground to start building long-awaited mega-development Miami Worldcenter, city commissioners approved a new plat for much of the assembled Park West land. On July 23, they accepted the final plat of Miami Worldcenter Plat 1 between Northeast First and Second avenues and between Northeast 10th Street and the Florida East Coast Railway right of way. The plat was submitted by developers Miami First LLC, Miami Second LLC, Miami Fourth LLC, Miami All LLC and Forbes Miami NE 1st Avenue LLC. The city’s Plat and Street Committee determined that the plat conforms to zoning code subdivision regulations. The intent is to close the right of way of Northeast Seventh, Eighth and Ninth streets within the plat and create one contiguous tract for development. The platted area consists of about 515,286 square feet, or 11.829 acres. The overall project is to offer residential, retail, office, hotel, retail, restaurant and entertainment uses.
WORLDCENTER BREAKING GROUND: Miami Worldcenter announced Monday it would be breaking ground within the next nine days or so. The announcement came during a bus tour for members of The International Council of Shopping Centers Next Generation National Conference. The three-day ICSC Conference was held in Miami July 26 to 28, bringing those within the retail industry together at the JW Marriott Marquis.
HANDING OFF TAXING ROLE: Voters may be asked on the Nov. 8, 2016, general election ballot to approve of a change to the Miami-Dade County code to allow cities and villages to become the governing boards of special taxing districts, a role now filled solely by the county commission. The proposal by Commissioner Esteban Bovo Jr., which is to be heard next by the commission’s Metropolitan Services Committee on Aug. 26, was passed unanimously by commissioners on a first reading July 14 without discussion. Another full commission vote would be required to put the measure on the ballot. The measure would apply to both existing special taxing districts and new ones.
GAS MUZZLER: As the price of crude oil dropped nearly $10 a barrel in July to flirt with the $50 level, gasoline prices have be sliding, down to an average of $2.68 per gallon in Miami as of Sunday according to the GasBuddy price survey. That price is 83.9 cents a gallon less in Miami than a year ago and 9.4 cents a gallon less than a month ago. AAA is forecasting prices that may near $2 per gallon by fall.