FYI Miami: January 7, 2021
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TOWER ON THE PARK: Miami-based real estate developer Ytech says it paid $12.2 million to buy two adjacent properties on Miami’s 15th Road directly across from 10-acre Simpson Park with plans to build a 432,000-square-foot, mixed-use project with up to 183 residential units. The 16,000-square-foot property is zoned for 288,000 square feet of developed space, and the company acquired transfer rights for 144,000 square feet more, which Ytech said could lead to an 80-story tower on the site. “We are pleased to overcome numerous obstacles, including acrimonious litigation that had stretched out for nearly a decade, to assemble these prime properties and create new development prospects for Ytech in the prestigious Brickell Avenue area,” said Yamal Yidios, the company’s CEO, in a prepared statement.
NEW PARAGUAY AIR LINK: Eastern Airlines is beginning two weekly nonstop flights between Asunción, Paraguay, and Miami International Airport, adding direct service to Paraguay’s capital city. An airport announcement said the launch is the result of a trade mission in November 2019 led by Miami-Dade Commissioner Javier Souto that included Aviation Director and CEO Lester Sola. After meetings with government and private sector leaders, both sides agreed to work together on creating the Miami-Asunción service.
HARD ROCK INSTALLATION: In normal times, the installation of Miami-Dade Commission Chairman-elect Jose “Pepe” Diaz and Vice Chairman-elect Oliver Gilbert III would be held in commission chambers at the Stephen P. Clark Government Center downtown. Amid social distancing requirements and other considerations related to the coronavirus pandemic, the Jan. 6 event was to have been held at the home of the Miami Dolphins, Hard Rock Stadium in Miami Gardens. The public could attend the 10 a.m. ceremony or watch it live online on the county’s webcasting page or Miami-Dade TV on YouTube. Mr. Diaz and Mr. Gilbert replace former chairwoman Audrey Edmonson and acting chairwoman Rebeca Sosa, who served as vice chairwoman alongside Ms. Edmonson, who left office due to term limits in November. Ms. Sosa, a former chairwoman, and Mr. Diaz both hit term limits in 2022.
LOCAL OCCUPATIONAL LICENSING: A Senate member will take another run in the Florida Legislate in March at trying to largely prevent local governments from licensing occupations. Keith Perry filed a proposal that would “preempt” licensing of occupations to the state. The House passed such a bill during the 2020 session, but the measure was not approved by the Senate.