FYI Miami


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FYI Miami is a weekly feature of Miami Today, keeping readers ahead of the news. Here are highlights from the most current edition.

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   COASTAL TASK FORCE: Miami-Dade is joining the Southeast Florida intergovernmental Coastal Ocean Task Force. The county commission agreed to team up with Broward and Palm Beach counties on the 27-member team. The group is expected to meet 18 months and recommend "coastal ocean resources and conservation priorities and strategies" concerning the Southeast Florida coast. The recommendations, in part, would be tied to the Southeast Florida Coral Reef Initiative, which is expected to develop a plan to preserve and protect coral reefs and associated reef resources. The task force is to consider additional issues related to coastal resource management and user needs and will issue a report at the end of its tenure. Broward is expected to provide support staff.
   SALE ON COLLINS: The Levi's Building South Beach at 826 Collins Ave. was sold to a New York private investor for $8.5 million. The buyer and seller, a limited liability company from Miami Beach, were both represented by Marcus & Millichap Real Estate Investment Services' Drew Kristol and Kirk Olson. The 10,459-square-foot retail property is currently leased to Levi Strauss & Co. Included in the purchase was a 3,300-square-foot, three-bedroom loft.
   HITTING THE TRAIL: A $2 million expansion of Black Creek Trail in southwestern Miami-Dade County is underway to create more than 9 miles of connected trails and linear park facilities between Black Point Park and Marina Avenue at 24775 SW 87th Ave. and Larry and Penny Thompson Park at 12451 SW 184th St. "The improvement project will widen and resurface the existing 4 miles of paved trail and add over 5 miles of additional new trail in gap areas that currently have no connection," according to the County Parks, Recreation and Open Spaces Department. The "expansion project consists of linear park (narrow landscaped strip of land) and a 10-foot-wide paved trail… designed for shared-use by walkers, in-line skaters, cyclists and other non-motorized users, as well as those using Americans with Disabilities Act (ADA) approved motorized devices." Work is expected to be done by mid-October 2013.
   SQUARE FOOT RECORD: Worldwide Properties sold a 2,145-square-foot, three-bedroom residence in the Icon South Beach for $2.7 million. The property was on the market 21 days, and Eddy Martinez, Worldwide Properties' broker and CEO, said the sale equates to almost $1,260 per square foot. This, he said, is a new high for the building. He represented the local seller in the all-cash deal.

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