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Home My WebLink AboutSEOPW CRA 2023-01-26 AdvertisementMIAMI-DADE STATE OF FLORIDA COUNTY OF MIAMI-DADE: Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, of Miami -Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of 40231 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY - BOARD OF COMMISSIONERS MEETING - JAN. 26, 2023 in the XXXX Court, was published in a newspaper by print in the issues of Miami Daily Business Review f/k/a Miami Review on 01/20/2023 Affiant further says that the newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes. Sworn 0 and subscribed before me this 20 day of JANUARY, A.D. 2023 (SEA GUILLERMO GARCIA personally known to me ROSANA SALGADO i•; Commission # HH 336987 y'n , • „o+'•' Expires November 30, 2026 low SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE, the Board of Commissioners meeting of the Southeast Overtown/Park West Community Redevelopment Agency (SEOPW CRA) is scheduled to take place on Thursday, January 26, 2023, at 10:00 AM or thereafter, at Miami City Hall 3500 Pan American Drive, Miami, FL 33133. All interested persons are invited to attend. For more information, please contact the SEOPW CRA office at (305) 679-6800. Ad No. 40231 1/20 James D. McQueen, Executive Director Southeast Overtown/Park West Community Redevelopment Agency 23-110/0000642298M MIi TTODAY A Singular Voice in an Evolving City MIAMI TODAY Published Weekly Miami, Miami -Dade County, Florida STATE OF FLORIDA COUNTY OF MIAMI DADE: Before the undersigned authority personally appeared: Diana Uribe Who on oath says that he/she is: Accounting Director of Miami Today, a weekly newspaper published at Miami in, Miami -Dade County, Florida; that the attached copy of a notice of publication: Public Notice RE: City of Miami Publication Notice #40231 SEOPW CRA Meeting Notice 01-26-23 Was published in said newspaper in the issue(s) of: January 26, 2023 Affidavit further says that the said Miami Today is a Newspaper published at Miami, in the said Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in Miami -Dade County, Florida each week and has been entered as second-class mail matter at the post office in Miami, in the said Miami -Dade County, Florida for a period of one year preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid nor promised any person, firm or corporation any discount, rebate or commission or refund for the purpose of securing this advertisement for publication in the said newspaper. Dian Uri i e, A . . • _ • erector Notary om to an subscribed before m is 7�1 (kw, 2023 SOUTHEAST OVERTOWNIPARK WEST COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE, the Board of Commissioners meeting of the Southeast Over- townfPark West Community Redevelopment Agency (SEOPW CRA) is scheduled to take place on Thursday, January 26, 2023, at 10:00 AM or thereafter, at Miami City Hall 3500 Pan American Drive, Miami, FL 33133. All interested persons are invited to attend. For more information, please contact the SEOPW CRA office at (305) 679-6800. Ad No. 40231 James D. McQueen, Executive Director Southeast Overtown/Park West Community Redevelopment Agency SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE, the Board of Commissioners meeting of the Southeast Over- town/Park West Community Redevelopment Agency (SEOPW CRA) is scheduled to take place on Thursday, January 26, 2023, at 10:00 AM or thereafter, at Miami City Hall 3500 Pan American Drive, Miami, FL 33133. All interested persons are invited to attend. For more information, please contact the SEOPW CRA office at (305) 679-6800. Ad No. 40231 James D. McQueen, Executive Director Southeast Overtown/Park West Community Redevelopment Agency WEEK OF THURSDAY, JANUARY 26. 2023 OUTLOOK 2023 MIAMI TODAY Outlook for residential realty is fewer sales at higher prices BY MONICA CORREA Miami -Dada's residential real estate market will continue to see rising prices, with a stabi- lized market of fewer transactions and higher interest rates on mortgages, experts forecast Florida is the third -ranked state in number of buildings being developed, with an aver- age of 9.8 new buildings per 1,000 people, according to a reportby Portland -based Matin Real Estate with US Census data. The aver- age value of a house in Florida is upwards of S406,000, up 22.4% from last year. Florida has also seen the biggest increase in home prices in the nation, up 19.9% in the past 12 months, according to data from Zillow. While the nation's housing inventory is showing signs of growth after two years of steady decline — from January 2022 to October2022 US housing inventory for sale increased from 629,904 to 1,173,927 avail- able homes —Miami has experienced 7.4% decline in for-salehousing from 2021's third quarter to 2022's third quarter, according to a report by Construction Coverage. Miami -Dade active housing listings are down 49% compared to 2019, according to the Miami Association of Realtors. Single- family homes sales dropped 45.1% year - over -year, from 1,356 in December 2021 to 7441ast December. "We're seeing a stabilization ofthe market and even a slight correction in some micro - markets within Miami -Dade," said Ines Hegedus -Garcia, chairman of the Miami Realtors board. "But there needs to be a disparity between reporting the lowering of sales,as supposed to lowering ofprices. Prices continue to increase, butat a moderate level." This slowdown in the market, she said, can be attributed to the increase in mortgage rates. "It's not that current mortgage rates are high, it's that they were incredibly low in the last couple of years and buyers were able to take advantage. We have seen a de- crease in mortgage rates in the last month at consecutive weeks, but prices will continue to increase." The 30-year fixed mortgage rate started at 3% in 2022 and peaked at 7.375 %on Oct. 20, 2022. As of Jan. 20, it is at 6.11%. "Inflation will push mortgage rates to 5% or5.5°/ by the end of the year," said Miami Realtors chief economist Gay Cororaton in an association press release. "Homebuyers whodecidetobuy in 2023 will find relatively more supply in themarketand face less buyer competition." According to the press release, Miami - Dade registered its second-best home sales year in 2022, with a total 31,627 homes — or 86 transactions per day — behind 39,394 residences sold in 2021. Miami's condominium market had 19,377 sales in 2022, second to 2021's 23,689. Miami also registered 12,250 single-family home sales in 2022. In addition, Colombia residents searched the most for Miami real estate in December, according to the association, again for nine of the past 10 months. Brazil had the larg- est month -over -month jump of Miami real estate searches, moving from the 12th spot to seventh in December. According to the data, Colombia had an 11.8% of the share of Miami real estate searches, China had an 11.7% the share, Venezuela followed with 6.48°/,, Argentina had 6.24%, and Philippines 4.75%. Top international cities searching for real estate in Miami on the association's website were Bogota, Buenos Aires, Medellin, Ca- racas, and Cali; top US states searching for Miami real estate included Texas, Washing- ton, Kentucky, New York, and Georgia, with cities and metros like Lexington, New York City, Chicago, Atlanta and Washington, DC, high in search totals. "The beauty of marketing in Miami is that it's a global market," said Ms. Hegedus - Garcia. "When it's not one country that is looking for stability, it's another. Right now, it is Colombia's turn to look at the US for stability when it comes to financial invest- ment We've seen an increase not only in searches but purchases from Colombians." Miami Beach moves forward raft ofnew economic programs BY MONICA CORREA A series of new economic de- velopment programs put in place by the City of Miami Beach aim to unlock economic potential and to create economic security for businesses and residents, said the city's economic development director. Rickelle Williams, recently promoted to assistant city man- ager, said the city is proactively developing programs to attract jobs and talent that would en- hance its neighborhoods. Business grant programs in place for 2023 include the commercial lease subsidy pilot, developed to promote art and cultural activity throughout the city and to incentivize property owners to move towards becom- ing conforming commercial tenants in the Art Deco Cultural District, between Fifth and 23rd streets along Ocean Drive, Col- lins and Washington avenues. In addition, the Vacant Store- front Cover program gives five original designs to vacant storefronts for owners to keep their property's image more at- tractive and continue to welcome customers. "The [program] continues to be well received and delivering on its mission to improve the appearance of vacant street -level commercial buildings and sup- port the development of retail uses," said Ms. Williams. "Com- mercial corridors are made more appealing and are promoting the 'Tice goal.. is to recruit and attract businesses that will meaningfully contribute to the rosper- ity of our beautilul city.' Ricleelle Williams availability to potential tenants and buyers." To maximize program partici- pation, she added, the city has added five new designs to the program's catalog, for a total of ten options for property owners. "The new designs are intended to capture Miami Beach culture and reflect the charm, appeal, brand and personality of Miami Beach neighborhoods, people, and businesses." A three-year parking incen- tive pilot program was created to provide a financial incen- tive to businesses to defray the cost of public or private parking access, Ms. Williams said. Businesses in hospitality, technology, financial services and health can apply for a grant for monthly access cards. The city is also creating a technical assistance program called Miami Beach Business Academy, where residents would get free capacity -building training, one-on-one consulting, and job training. "Our primary target industries remain technology, financial services — including subsectors such as arts and culture, crypto- currency, Web3 and Blockchain —health andwellness, hospitality and tourism, sustainability and resiliency, and other high -wage industries," said Ms. Williams. "The goal, however, is to recruit and attract businesses that will meaningfully contribute to the prosperity of our beautiful city." Industries generally located in Silicon Valley, Los Angeles, San Francisco, New York, Chicago and Connecticut remain the pri- mary target for business attrac- tion to Miami Beach, she said. In addition, the North Beach Community Redevelopment Agency (CRA) released its plan goals and strategies that include initiatives suggested during the redevelopment plan's develop- ment process, Ms. Williams said. The 2023 fiscal year operating budget prioritizes six categories of expenditures: beautifica- tion, enhanced services, arts and culture branding and corn - SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE, the Board of Commissioners meeting of the Southeast Over- town/Park West Community Redevelopment Agency (SEOPW CRA) is scheduled to take place on Thursday, January 26, 2023, at 10:00 AM or thereafter, at Miami City Hall 3500 Pan American Drive, Miami, FL 33133. All interested persons are invited to attend. For more information, please contact the SEOPW CRA office at (305) 679-6800. Ad No. 40231 James D. McQueen, Executive Director Southeast Overtown/Park West Community Redevelopment Agency munications, small business development, administration, and set -asides for affordable and workforce housing and future projects. The North Beach CRA, which opened its district office on Normandy Drive, "will focus on prioritizing support for small businesses — the backbone of the North Beach commercial eco- system — by providing technical assistance," said Ms. Williams. "The North Beach CRA seeks to develop and launch commercial and residential facade improve- ment programs to assist prop- erty owners and businesses." These programs will ini- tially be available to busi- nesses within the Normandy Isles and Rue Vendome Plaza area of the CRA's district. The initiatives complement existing city economic development programs that have already been benefitting those within the redevelopment area, such as the Community Develop- ment Block Grant Coronavirus Business Assistance Program, the Vacant Storefront Cover Program, and Miami Beach Business Academy, said Ms. Williams. Miami Beach also created the Expedited Plan Review and Permitting Incentive Program a few years ago to encourage relocations or expansions of targeted industries of technology and financial services. Under this program, building permit appli- cations for office use are eligible fora 10-business day plan review and permitting process. Some of these successes in- clude JAWS, the family office of Starwood Capital's Barry Stemlicht;Andreessen Horowitz (known as a16z); BTIG; GMF Capital, which is now known as JSB Capital; PennantPark In- vestment Advisers; and Siebert Financial, a financial advisory services company with locations throughout the US, relocating its New York headquarters to Miami Beach. Siebert Financial made a significant investment in the S6.8 million purchase of 653 Collins Ave., which features 10,453 square feet of offices. Most recently, Miami Beach announced that specialized investment management firm Pretium plans to open an office at Deco Capital Group's Eighteen Sunset, a Class A office build- ing being constructed at 1768 Purdy Ave. With the assistance of the departments' Expedited Plan Review and Permitting Incentive Program, Pretium has leased 11,591 square feet on the fourth floor, which together with other completed leases totals about 80% of all available office space at Eighteen Sunset, said Ms. Williams. Other city business retention programs include the Business Concierge Services, which is to offer first-class one-on-one customer service regarding business related services, with goals to assist business owners with anything they need from the city; and monthly com- mercial business engagements, which are monthly in -person meetings with businesses' as- sociations and employees to ascertain issues, concerns and recommendations. "The goal is to create an informal style of engagement that enables the department to build relation- ships and raise awareness of the city's business assistance resources." As the city is in the process of interviewing and selecting a new economic development director, after Ms. Williams was promoted to assistant city manager, she said she expects the newcomer to continue the trajectory and momentum, focusing on public -private partnerships, workforce and affordable housing, small busi- ness development and training, promoting Miami Beach as a business location; and recruit- ing best -in -class talent. "Recognizing that attracting talent requires access to housing, the city commission continues to prioritize workforce hous- ing," said Ms. Williams. "This includes seeking new ways to increase the availability ofhous- ing, like the city commission's recent legislation to eliminate certain fees associated with developing workforce and af- fordable housing." The Miami Times 900 NW 54th St. • Miami Florida 33127 • Phone: 305-694-6210 STATE OF FLORIDA SS COUNTY OF Miami -Dade Published Weekly Miami Dade, County, Florida PROOF OF PUBLICATION Before the undersigned authority personally appeared NICOLE BROWN, who on oath, says that she is the Advertising Representative of THE MIAMI TIMES weekly newspaper published at Miami, Dade County, Florida; that the attached copy of advertisement was published in said newspaper in the issues of: January 25, 2023 Affiant further state that THE MIAMI TIMES is a newspaper published in Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each week and has been entered as second class mail matter at the U.S. Post Office in Miami -Dade County, Florida, for a period of more than one year next preceding date of publication of the attached copy of advertisement: further affiant says that he has neither paid nor promised any firm, person or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in this newspaper. L 1C-c. (.. 1./>G ,G.. Advertising Representative Sworn to and subscri_before me on this. the 25th day of January A.D. 2023, NOTARY PUBLIC TA t F FLORIDA AT LARGE, My commission expires: Kelvin Louis McCall Commission # HH 4*114 Commission Expires 09.09.2024 Bonded Through - Cynanotary Florida - Nola'', Public SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY PLEASE ALL TAKE NOTICE, the Board of Commissioners meeting of the Southeast Overtown/Park West Community Redevelop- ment Agency (SEOPW CRA) is scheduled to take place on Thursday, January 26, 2023, at 10:00 AM or thereafter, at Miami City Hall 3500 Pan American Drive, Miami, FL 33133. All interested persons are invited to attend. For more information, please contact the SEOPW CRA office at (305) 679-6800. Ad No. 40231 James D. McQueen, Executive Director Southeast Overtown/Park West Community Redevelopment Agency 14 i % Tines