FYI Miami: April 16, 2020
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CORPORATE PARK SOLD: New York-based Innovatus Capital Partners has purchased two-building Dolphin Corporate Park beside Dolphin Mall in Doral from Boca Raton-based Procacci Development Corp. for an undisclosed price. The 85,000- and 82,000-square-foot buildings, which combined are 94% leased, are each three stories. They were build in 2008 and are ranked Class A office space. They sit on 9.24 acres at 11410 and 11430 NW 20th St. In addition to three banks – US Bank, Banco Santander and Brickell Bank – tenants include Humana; the US Bureau of Alcohol, Tobacco, Firearms and Explosives; ADT Security Services; and the US Food and Drug Administration.
DDA DIRECTOR APPROVED: Miami commissioners unanimously approved the appointment of Christina Crespi as executive director of the Downtown Development Authority last week. She has been with the authority over five years and has been serving as interim executive director. She will earn $185,000 yearly plus benefits and insurance. Her appointment comes after John Elizabeth Alemán, former Miami Beach commissioner, left the agency before being formally appointed by the commission.
GAS GOES DOWN: Miami gas prices fell 5.4 cents per gallon in the past week to average $1.94 per gallon Monday, according to GasBuddy price-tracking service. Prices in Miami are 30 cents a gallon lower than a month ago and 86.1 cents per gallon lower than a year ago. The national average price of gasoline has fallen 7.2 cents per gallon in the past week, averaging $1.83 per gallon.
MORE CNG BUSES COMING: Ongoing efforts to replace Miami-Dade’s aging diesel Metrobus fleet are closer to completion with another 140 compressed natural gas (CNG) buses on the way from manufacturer New Flyer. County lawmakers have OK’d the $74.56 million purchase, which came through a bid request to which New Flyer and competitor Gillig gave offers. The solicitation provided for two options to buy buses: one to split the order between the two companies at 70 buses each, the other to order all 140 from one. Asked last week by Commissioner Barbara Jordan why New Flyer got the whole contract, Deputy Mayor Jennifer Moon explained that doing so saved the county $3.4 million. That’s “3.4 million reasons” to go with New Flyer, Mayor Carlos Giménez said. The county has now received all 300 buses it previously bought from New Flyer and in September began to accept buses from an order of another 120 CNG buses from Gillig. Seven other buses are on order to serve a dedicated I-75 bus route.