FYI Miami: September 4, 2025

BAPTIST SITE SPLIT: Baptist Health South Florida has sold 6.63 acres of its property adjacent to Miami Executive Airport that also houses Baptist’s 11,000-square-foot West Kendall Emergency Care Center, which will continue to function on the subdivided land at 14150 SW 136th St. Buyer Hamilton Development Co. of Nashville, which according to JLL paid $12.9 million for the land at 14100 SW 36th St., is at work on the site, where it razed former offices and is building 113,900 square feet of warehousing that it expects to complete next spring.

ROADBLOCKING UNLICENSED CARRIERS: In the past seven years a program geared to halt the increase of unlicensed for-hire drivers who target passengers at major locations such at the airport, seaport and hotels has led to the impoundment of 447 unlicensed for-hire vehicle, the county reports. That and other steps led to the National Association of Counties recognizing the county’s Department of Transportation and Public Works “for our leadership in protecting rideshare passengers,” Mayor Daniella Levine Cava said. The effort included 23 training seminars for 258 police officers to ensure consistent enforcement across the county. The county memo said unlicensed for-hire vehicles had led to complaints from the taxi industry, municipalities and government officials.

HOTEL REFINANCING: Owners of the JW Marriott Marquis Miami have secured a $79.3 million three-year, floating rate refinancing loan. The 41-story building at 255 Biscayne Blvd. Way features 357 guestrooms, including 313 JW Marriott rooms and the 44 ultra-luxury Hotel Beaux Art rooms. The building, completed in in 2010, was renovated for $16 million in 2023. It holds 80,000 square feet of meeting and event space that includes a 20,000-square-foot ballroom and a basketball court that doubles as meeting space. The borrower was MET II Hotel LLC, a joint venture between MetLife Investment Management and MDM Group. The loan from Madison Realty Capital and Madison Newbond was arranged by JLL Capital Markets.

SCHOOL EXPANSION BONDS: The Miami-Dade County Industrial Development Authority is planning to issue $175 million in industrial development revenue bonds to aid in the expansion of the Mater Foundation Academy Inc., which plans to borrow the proceeds in order to expand its schools at six separate locations, including one in Osceola County in Central Florida. The Miami-Dade County Commission is being asked this week to approve the issuance of the bonds. Neither the development authority nor the county would have any obligation to repay the bond borrowing.

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