Mauricio Umansky’s The Agency to launch SoFla operation in Boca Raton

Mauricio Umansky’s The Agency to launch SoFla operation in Boca Raton

From left: Chris Fraciosa, Mauricio Umansky, Billy Rose and Jared Ringel (Credit: Max Pixel)

The Agency has picked Boca Raton as its first South Florida location.

The Beverly Hills-based brokerage is opening an office at 20 Southeast Third Street in mid-November, according to Chris Franciosa and Jared Ringel, who are leading the Agency’s expansion in South Florida. Howard Elfman will be managing broker of the Boca Raton location.

Mauricio Umansky, CEO of the Agency, announced the Boca Raton opening during a brokerage panel at The Real Deal South Florida’s Real Estate Showcase & Forum on Thursday.

In addition to its home base in Beverly Hills, the firm has 25 offices in Brentwood, Calabasas, Danville, Malibu, Noe Valley, Venice, Orange County, Pacific Palisades, Palm Desert, Park City, Scottsdale, Sherman Oaks, Turks and Caicos, Los Cabos, Punta de Mita and elsewhere. Umansky, Billy Rose and Blair Chang founded the Agency in 2011. The company has been expanding since then, hiring new agents and opening in major markets. It now has nearly 500 agents.

In Boca Raton, the two-story, 6,700-square-foot office will include the Agency Development Group and the Agency Creates, its creative division. Franciosa and Ringel said they expect to have about 20 agents when it opens, but that number is changing every day. They joined the Agency from Douglas Elliman, and have sold more than $100 million of real estate in their careers.

The company is handling sales and marketing for two new development projects: 333 Victoria Park in Fort Lauderdale and the Andaz Turks & Caicos.

In South Florida, the Agency is looking to compete with other high-end brokerages like One Sotheby’s International Realty, which just acquired Nestler Poletto Sotheby’s International Realty in Boca and Delray Beach; the Keyes Company and Lang Realty.

Franciosa declined to say when the Agency will open a second South Florida office, but said that it will “spread into Broward and Miami-Dade very quickly.” The brokerage was attracted to the “long-term stability” of Boca Raton.

“We think there’s a great opportunity in Palm Beach County for growth,” Franciosa added.

Mike Pappas, CEO of the Keyes Co., which acquired Palm Beach Gardens-based Illustrated Properties in 2016, said that while the brokerage industry is getting crowded in South Florida, “we still are a fragmented market that is consolidating.”

“Just as the L.A. market is very intense and competitive, so now is the South Florida market with all the major players, both local firms and firms outside of this market,” Pappas added.

Portia de Rossi Partners with Restoration Hardware to Curate a Collection of 3D Art

Portia de Rossi Partners with Restoration Hardware to Curate a Collection of 3D Art

Portia de Rossi’s General Public partners with RH to make 3D art accessible.

“I created General Public because I wanted to bridge the gap between the decorative and the fine art markets…

Apple a punto de lanzar la nueva iPad Pro

Apple a punto de lanzar la nueva iPad Pro

Este 30 de octubre Apple ha convocado a un nuevo evento en Nueva York, en el que esperamos ver nuevas Mac y un renovado iPad Pro, que emula el diseño del iPhone Xs y Xs Max, recientemente presentados.

Por Redacción MiamiDiario

Tras las primeras filtraciones acerca del nuevo iPad Pro rediseñado bajo el nuevo look del iPhone XApple prepara un nuevo evento en Nueva York para presentar el resto de su catálogo 2018. Luego de haber puesto en vitrina el Apple Watch serie 4, los nuevos iPhone y la nueva versión de MacOS, la marca de la manzana debe presentar la renovación de su emblemático iPad Pro con un rediseño actualizado y con una esperada integración.

Dos nuevos iPad, un nuevo diseño

De acuerdo con un render desarrollado por el artista húngaro Víctor Kádár, basadas en la enorme cantidad de filtraciones hasta la fecha, esta nueva versión de iPad contaría con dos modelos en diferentes tamaños: uno de 10.5 pulgadas y el otro de 12,9 pulgadas. Esta nueva generación de la tablet más vendida del mundo contaría con un rediseño inspirado en el iPhone X, presentado en 2017 y que marcaría el nuevo manual de estilo en Apple.

Los delgados bordes en este nuevo diseño incluirían el Sistema Face ID, sin la necesidad de un notch sobre el borde superior, debido a que el grosor de este equipo podría alojar todo el mecanismo de las cámaras TrueDepth. De acuerdo con nuevas filtraciones, el sistema podría ser compatible en modo horizontal y vertical.

Adiós Lightning y Hola USB-C

La gran novedad de esta versión de iPad 2018 será la inclusión de un puerto USB-C en la base, junto al sistema de parlantes inferiores. Recordemos que desde esta versión “Pro”, el sistema de audio en el iPad cuenta con cuatro altavoces. Este cambio puede darnos algunas ideas acerca del rendimiento de este dispositivo:

Proyección hacia pantallas externas. No es novedad que Apple dote de potencia a sus puertos USB-C en los nuevos modelos de MacBook o de iMac, pues llevan Thunderbolt 3 en ellos. Sin embargo, parece que empujar una tablet como equipo de alto rendimiento justificaría la inclusión de un puerto compatible con monitores externos. Esto sería un upgrade realmente importante en el ecosistema de productividad en Apple. Recordemos que Samsung y Huawei han experimentado con la proyección de su sistema operativo de escritorio desde el smartphone, haciendo gala de potencia más allá del dispositivo. No parece lejano este tema a Apple, pues aún están en deuda con su visión de la potencia desde la movilidad.

Los bordes rectos podrían volver al iPad Pro.

HUB a almacenamiento. Ahora que iOS integra un apartado de archivos y carpetas, podríamos tener mayor nivel de orden en los archivos producidos en la tablet y sincronizados con iCloud.

Carga desde cualquier lado. Hoy el cable USB-C ya es casi un estandar desde la gama media, y es más fácil de encontrar en cafeterías o la casa de un amigo. Habrá que ver la velocidad de carga que una batería pueda tener para cargar este nuevo iPad.

Bordes rectangulares

Hace mucho tiempo, los bordes del primer iPad eran rectos, y generaban cierta incomodidad al agarre. Luego, en el siguiente modelo, los bordes comenzaron a perfilarse mejor y le dieron mejor ergonomía y mayor capacidad de agarre. Ahora, y según estos renders, estos bordes rectos podrían volver al iPad Pro. A diferencia de esos primeros diseños, sin embargo, el peso de estos equipos es menor a los de hace 8 años, y los materiales también se han aligerado.

Veremos todo esto en Nueva York

Este 30 de octubre, Apple ha convocado a una conferencia de prensa para mostrar los nuevos equipos de su catálogo, tanto en la línea Mac como en sus tablets. La cita es a las 10 de la mañana, en la Academia de Música de Brooklyn.

Con información de: RPP Noticias

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La entrada Apple a punto de lanzar la nueva iPad Pro se publicó primero en Miami Diario.

Gilda Crackers family lists Coral Gables mansion

Gilda Crackers family lists Coral Gables mansion

9400 Old Cutler Road in Coral Gables

The founder of Gilda Crackers and the family matriarch are looking to sell their Coral Gables mansion for $6.2 million – the equivalent of about 500,000 bags of the Cuban crackers.

Juan and Velma Blazquez listed the six-bedroom, 8,804-square-foot home at 9400 Old Cutler Road with Hilda Jacobson and Rafael Montejo of Douglas Elliman. The Mediterranean-style “Villa Ventura” was built in 1970 and renovated in 2000.

Blazquez founded the cracker company in the U.S. in 1967, according to Gilda Industries’ website. Its products are sold at Walmart stores, Winn-Dixie, Sam’s Club, Publix, Sedano’s and BJ’s Wholesale Club. Gilda Crackers cost about $12.40 per bag.

The Blazquez’ 1.5-acre property features fruit trees, palms, oak trees, a pool with a waterfall, outdoor kitchen and a covered patio. The home includes Swarovski crystal chandeliers, ornate columns, mosaics, and a master suite.

The couple paid $1.25 million for the property in 1999, records show.

About a mile south, developer Don Peebles and his wife Katrina have their Gables estate on the market for $12.9 million.

MOCA Makers: Jewelry Workshop with Steven Brownlee's Jewelry Creations Workshop

MOCA Makers: Jewelry Workshop with Steven Brownlee's Jewelry Creations Workshop

Under the guidance of instructors from Jewelry Creations Workshop, students will learn how to create unique jewelry pieces inspired by Mira Lehr’s Tracing the Red Thread. Participants wi…

Identificada red organizada de robo de camiones de carga en Miami

Identificada red organizada de robo de camiones de carga en Miami

Más de una docena de hombres del sur de la Florida han sido acusados ayer lunes en la mañana, ​​en relación con una red de robo de carga a gran escala, dijo la Oficina del Fiscal del Estado de Miami-Dade.

Por Redacción MiamiDiario

“Estos individuos olfatearían remolques de carga estacionados en parques industriales. Cazaron remolques de tractor estacionados. Se unieron para robar de manera eficiente lo que pudieran”, dijo la fiscal estatal de Miami-Dade, Katherine Fernández Rundle.

Los fiscales dijeron que los hombres estuvieron involucrados en más de dos docenas de robos de remolques cargados y otros vehículos comerciales en la Florida y en el sur de Georgia, durante los últimos dos años. Los investigadores dijeron que han recuperado al menos $ 2.2 millones en propiedad robada.

El fiscal dijo que Marcos González-Bernal, de 35 años, y Alexis Simon-Quintero, de 53 años, lideraron la operación y eligieron qué objetivos robar.

Las autoridades dijeron que Pavel García Cruz, de 46 años; Leandro Fuentes-Fernández, 20; Yurien Díaz-Hidalgo, 34; Yukieski Plasncia, 30; Orlando Pérez, 29; Alain Gonzalez-Rosales, 49; Yosmel Suárez, 36; Eleno Valdez, de 56 años, eran conductores robando los vehículos.

Mientras tanto, Lázaro Ramous-Abreu, 51; Ernesto Berrios, 50; Jorge quintero, 36; y Raudel Rodríguez, de 42 años, vendían la propiedad e incluso se quedaron con parte, dijeron las autoridades.

Según Fernández Rundle, los acusados ​​”se ganaban la vida” con la banda.

Los fiscales dijeron que los hombres ayudaron a robar y revender el contenido de los remolques, que incluían automóviles caros, barcos y muebles de alta gama. Un robo en West Palm Beach involucró más de $ 50,000 en productos de Coca-Cola. La banda también robó un camión con remolque y alrededor de $ 500,000 en bebidas alcohólicas a un conductor en Pompano Beach, dijo el fiscal.

La mayoría de los miembros de la banda han sido arrestados, pero las autoridades dijeron que cuatro hombres, García Cruz, Suárez, Rodríguez y Quintero, siguen en libertad.

“Tienen vínculos con Miami, con el sur de la Florida, específicamente con la región de Hialeah”, dijo el director de la policía del condado de Miami-Dade, Juan Pérez.

Con información de: Cuba en Miami

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La entrada Identificada red organizada de robo de camiones de carga en Miami se publicó primero en Miami Diario.

The $70B loophole, or: How to turn your mansion into an offshore account

The $70B loophole, or: How to turn your mansion into an offshore account

From left: Roger Ailes, 10000 Holloway Way Drive, Tom Hicks, and OJ Simpson (Credit: Getty Images, iStock, and Concierge Auctions)

In the fall of 2016, Roger Ailes was by all accounts a very wealthy man. Fox News had just pushed him out from the company he built over allegations of sexual harassment, but paid him $40 million for his troubles. So he did what many other rich retirees before him have done: he bought a house in Florida.

Through a trust, Ailes paid $36 million in cash for a six-bedroom, 12,747-square-foot mansion in Palm Beach. In November that year, the longtime Putnam County, NY resident filed a declaration of domicile in Florida, public records show, making the new property at 6 Ocean Lane his primary home.

The declaration had its perks. Ailes was a defendant in a potentially expensive sexual-harassment lawsuit by former Fox News host Andrea Tantaros and was about to become a defendant in another, by former contributor Julie Roginsky. A judgment against him could put his assets on the line. But making the Palm Beach mansion his primary residence could insulate the house and up to half an acre of land around it from any legal claims, thanks to a handy Florida law known as the “homestead exemption.”

Ailes died in May 2017 at age 77. Fox News, also a defendant in the suits, settled Roginsky’s lawsuit in December of that year and Tantaros’ lawsuit was dismissed in May 2018. Ailes’ widow, Elizabeth Ailes, declared the Palm Beach property her homestead for tax purposes in 2017 and 2018, property records show. A spokesperson for Elizabeth did not respond to requests for comment.

Curious if someone of means is in a financial pickle? Check if they recently bought a mansion in Florida or Texas.

Paying millions for a palatial home in the Sunshine State is usually an indicator of unfettered wealth. But it could also be a warning sign that the buyer may be trying to protect money from creditors or legal claims. Florida and Texas are among the few states with a so-called unlimited homestead exemption, a law enshrined in the state constitution stipulating that your home is off limits to creditors, no matter how much it is worth or how much you owe. For people staring down big debts or potentially costly lawsuits, this creates a powerful incentive to buy the priciest property they can find in a homestead state.

For people staring down big debts or potentially costly lawsuits, this creates a powerful incentive to buy the priciest property they can find in a homestead state.

Rising home prices mean more wealth is now beyond the reach of creditors. In three South Florida counties — Miami-Dade, Broward and Palm Beach — alone, the combined appraised value of all luxury homes appraised at $1 million or more whose owners claim the homestead exemption in tax filings is $69.9 billion (see chart), according to The Real Deal’s analysis of the Florida Department of Revenue’s 2018 tax roll. The true market values of these properties could be much higher.*

“If you go to a lawyer and ask ‘how do I protect my assets?,’ the first thing they say is: ‘Buy a valuable homestead,’” said Jeffrey Davis, a law professor at the University of Florida. “Some people just sort of call it estate planning.”

“Some people just sort of call it estate planning.”

Funny laws

Residents of most U.S. states get a homestead exemption protecting some of their home equity from creditors. In California, for example, most people have a cap of $75,000, while in Virginia, the cap is $5,000.

Florida, Texas, Kansas, Iowa, Oklahoma and South Dakota, however, have no limit. In these states, buying an expensive property and claiming the homestead exemption has some of the perks of stashing your money in an offshore account — protection from creditors and lawsuits — without having to transfer money overseas.

“If you’re faced with losing what you have, the psychological toll it takes on you is the same whether you’re really rich or an average Joe,” said Wayne Patton, a Miami-based asset-protection attorney. “So the idea of moving somewhere where you can protect the bulk of what you have is very appealing.”

The list of the rich and famous who have taken advantage of the exemption is long, and it includes NFL legend O.J. Simpson, movie star Burt Reynolds and one of the original Miami Worldcenter developers, Marc Roberts.

Simpson had spent much of his life in California, but bought a home in Miami for $575,000 in 2000 and moved there after he lost a $33.5 million civil suit brought by the relatives of his murdered ex-wife.

“They got funny laws in this state,” Simpson told the New Yorker in 2001, explaining why he likes living in Florida.

The unlimited exemption has been around for more than a century, but its popularity is on the rise. Several offshore financial centers have increased transparency and made life harder for those looking to hide money abroad. Meanwhile, Florida’s rising property market over the past decade has made buying homes there more attractive.

In both Florida and Texas, debtors need to actually move into the property and show that they want to make it their permanent residence – by changing their voter registration, for example – to get the exemption. But they do not need to have lived in it for long. There are exceptions: those who buy a home with proceeds from criminal activity aren’t protected, and homeowners who fail to pay taxes or don’t make mortgage payments on their homestead can still see it seized.

10000 Holloway Way Drive

Evading creditors isn’t the main reason people claim the homestead exemption, asset-recovery lawyers say. Making a property your homestead carries significant tax benefits.

But even if people buy a property purely and explicitly to bilk their lenders, that’s totally legal – at least in Florida.

In 2001, the state’s Supreme Court ruled that the exemption protects a property owner even if she bought the home with “the specific intent of hindering, delaying, or defrauding creditors.” The ruling has turned into a nightmare for lenders and asset-recovery lawyers nationwide. Because many debtors across the U.S. can, in theory, move to Florida at a moment’s notice and buy a house, they know that a part of their fortune equivalent to the value of a hypothetical Florida mansion can’t ever be seized by creditors. Of all of Florida’s eccentric laws, the homestead exemption is the one it sort of managed to force on the rest of the country as well.

“We’ll have a lawsuit against somebody where they will say ‘you can sue me, and might even win, but by the time you win I’m going to sell my house up here and all my other assets and I’m going to buy a house in Florida’,” said Schuyler Carroll, a New York-based asset-recovery attorney at Perkins Coie, adding that he’s been involved in dozens of cases where the exemption came up. “So we settle.”

Paupers with palaces

Tom Hicks made a fortune as a private-equity investor and a name for himself as the owner of the Texas Rangers baseball team and English soccer club Liverpool F.C. But the Dallas resident found himself in deep trouble after the financial crisis. In 2010, the Rangers filed for bankruptcy, and Hicks sold the team to pay off his creditors. In 2011, a group of former Rangers investors sued Hicks, claiming he had used the team to improperly enrich himself. JPMorgan Chase reportedly sought $35.4 million from him.

As Hicks fought for what was left of his wealth – he had also been forced to sell Liverpool F.C. – he could be fairly certain of one thing: no one could take away his palatial Dallas estate.

Hicks had bought the nearly 30,000-square-foot home at 10000 Holloway Drive in 1999 — the year his Dallas Stars hockey team won the Stanley Cup. Built by architect Maurice Fatio for Italian aristocrat Pio Crespi in the 1930s, the 25-acre property includes a library decked in walnut wood, crystal chandeliers, two guest houses, a pool and a lake. In 2013, Dallas County appraisers valued the property at $40 million. Property records show that Hicks claimed the homestead exemption on the property.

“He was pleading poverty, but everyone knew he had this absolutely phenomenal house,” recalled a source familiar with the Rangers bankruptcy. An attorney for Hicks declined to comment for this article.

Hicks can thank an earlier banking crisis for the law that shielded his mansion. In 1837, a year after Texas declared its independence from Mexico, a financial panic hit the U.S., leading to a wave of loan defaults and bank failures. The crisis would have a lasting impact on the state’s laws, according to Michael Ariens, a legal historian at St. Mary’s University.

“When Texas became a state in 1845, the idea that creditors could take the essentials of a farmer’s or workman’s way to earn a living was anathema,” Ariens said. “And there are always more debtors than creditors as voters.”

“He was pleading poverty, but everyone knew he had this absolutely phenomenal house,”

The homestead exemption eventually became a “sacrosanct” part of the constitution, according to Joe Wielebinski, a Texas-based asset-recovery attorney at Winstead PC. “Texas is a state with a history of people from other areas coming to this free, open and large state for a lot of reasons,” he said. “Whether it’s embarrassing or not, one of the reasons they came here was to avoid creditors in other states.”

In Texas, the debtor protection covers up to 10 acres in cities and up to 100 acres for an individual (200 for a family) in the countryside from creditors. In Florida, which included the exemption in its constitution in 1868, it covers just half an acre in a municipality and 160 acres outside a municipality. But as property prices in Miami and Palm Beach rose in the 1990s and early 2000s, debtors realized that they could squeeze a lot of money into half an acre.

there are always more debtors than creditors as voters.”

So sue me

In late 1989, former Major League Baseball commissioner Bowie Kuhn’s Manhattan law firm went bankrupt. Weeks later, Kuhn bought a $1 million, five-bedroom home in Ponte Vedra Beach and claimed the homestead exemption.

“There is nothing inappropriate about my actions,” he told the New York Times in 1993: “People do this all the time.”

In 1996, Burt Reynolds filed for bankruptcy but kept his $2.5 million property near Palm Beach. Paul Bilzerian, a former corporate raider who went bankrupt in Florida for the second time in 2001 with $140 million in debt, got to keep his $5 million, 11-bedroom home in Tampa Bay, which included an indoor basketball court and a cinema.

Roger Ailes’ Palm Beach property at 6 Ocean Drive

Martin Kenney, a British Virgin Islands-based asset-recovery lawyer, recalls representing a hedge fund in the early 2000s. The fund had lent $20 million to a Florida doctor, who defaulted on the loan and pleaded poverty even though he owned a $7 million home near Sarasota, according to Kenney.

“We didn’t litigate over the house because we thought, ‘why do that if you’re just going to waste your time and lose?’” he said. “Like all policy choices, you end up with people that are unethical, abusing the privilege, doing things that probably the folks who created that homestead law never envisioned would happen.”

As abuse spread, the banking industry lobbied to change bankruptcy laws, facing fierce resistance from the real-estate industry and property owners in homestead states. In 1998, George W. Bush, then governor of Texas, wrote a letter to the House Judiciary Committee arguing that a “homestead cap is a clear violation of states’ rights with regard to state private property.” Current Attorney General Jeff Sessions, then a senator representing Alabama, found himself on the other side, telling the Times in 2001 that the unlimited exemption “isn’t just.”

Burt Reynolds (Credit: Wikipedia)

The bankers prevailed and in 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. It stipulated, among other changes, that those who file for bankruptcy can no longer claim the unlimited exemption unless they have lived in the property for at least 40 months.

“If a bankruptcy filing occurs today, it’s not clear that a homestead is bulletproof from all creditors’ claims,” said Wielebinski, the asset-recovery attorney. “Thirty years ago, if you put money into your homestead you were virtually immune from the claims of all creditors except for the mortgage lender and taxes. So it’s a dramatic change.”

The housing crisis further eroded the appeal of the exemption. Property prices plummeted, and there’s no point in claiming the exemption on a home that’s underwater anyway.

“Since 2008 we saw less people claiming it because there was no equity in the house,” said Michael Bakst, a Palm Beach-based attorney at Greenspoon Marder who specializes in bankruptcy and insolvency cases.

But as the Florida real estate market recovered from the crisis and the state attracted more of the world’s wealthy, so did the homestead exemption.

Marc Roberts, a former boxing promoter and one of the original developers behind the Miami Worldcenter project, claimed the homestead exemption on his $1.5 million home in Jupiter, Florida, when he filed for bankruptcy in March 2010, court records show. Roberts could not be reached for comment.

Green Mountain Keurig Coffee founder Robert Stiller reportedly paid $55 million for a mansion in Palm Beach through an LLC in January 2014 while he was still a defendant in three shareholder lawsuits against Green Mountain. He already owned a home in the same town but soon declared the new property his homestead, public records show. Although there is no indication Stiller bought the property because of the exemption, his role as a defendant meant he could potentially benefit from the law. An attorney representing Stiller did not comment.

The exemption continues to be highly effective. Gregory Grossman, a Miami-based asset-recovery attorney at Sequor Law, said he was unable to contest the exemption on behalf of creditors in more than 95 percent of the cases he was involved in.

And even the fact that your money is tied up in your home isn’t too much of a problem for those with patience.

Take Tom Hicks. While the lawsuits against him dragged on, he continued to claim the Dallas estate as his primary residence. Then, in late 2012, Hicks settled a legal dispute with the Rangers, and on January 11, 2013, a lawsuit brought by his lenders was dismissed.

Two weeks later, news broke that Hicks had put the home on the market for $135 million — at the time reportedly the most expensive residential listing in the country. He later cut the asking price to $100 million and sold it in January 2016 for a reported $58 million.

*Note on methodology: TRD only counted the appraised value of the building and the appraised value of the land for up to half an acre in municipalities and 160 acres outside. For example, if a one-acre plot of land in a municipality was appraised at $2 million, we would add $1 million to the count for the half acre protected by the exemption.

Coral Gables Food Wine & Spirits Pre-Party

Coral Gables Food Wine & Spirits Pre-Party

Giralda Place is hosting the first-ever Coral Gables Food, Wine & Spirits Festival Pre-Party on Friday, November 2nd from 5 to 8 p.m. All ticket proceeds are going to the Coral Gables Fire…

Gran Premio de F1 traería un gran impacto económico en Miami

Gran Premio de F1 traería un gran impacto económico en Miami

El director gerente de operaciones comerciales de Fórmula Uno, Sean Bratches, dice que el evento internacional de automovilismo y Magic City están hechos el uno para el otro.

Por Redacción MiamiDiario

“Glamour, lujo, moda, aspiración: Miami y la Fórmula Uno comparten una gran cantidad de atributos”, dijo Bratches al South Florida Business Journal durante el festival inaugural de la F1. “La F1 es el pináculo de los deportes de motor y Miami es una ciudad diversa, de clase mundial”.

El festival de Miami se llevó a cabo del 20 al 21 de octubre junto con la carrera del Gran Premio de EE. UU. En el Circuito de las Américas en Austin, Texas. Los equipos de Fórmula Uno, Red Bull y Renault, así como el dos veces campeón Emerson Fittipaldi, estuvieron presentes en el evento. El evento, que contó con un automóvil de alta velocidad en vivo, corre por Biscayne Boulevard en el centro de Miami.

Antes del fin de semana, la Fórmula Uno llegó a los titulares al lanzar un video del tricampeón del Gran Premio de David , David Coulthard, haciendo una serie de donas en la parte superior de las 62 residencias del Museo de los mil cuentos, diseñada por la difunta arquitecta Zaha Hadid.

La Fórmula Uno no quiere que su presencia en el sur de la Florida termine con el festival de fans. Aunque los organizadores tuvieron que rechazar los planes para traer una carrera de Gran Premio a Miami en octubre de 2019, ahora apuntan a una fecha de 2020. Algunos residentes y negocios del centro de Miami han expresado su preocupación sobre cómo el evento afectaría el cierre de carreteras, el tráfico, la contaminación acústica y la construcción en el vecindario densamente poblado.

Los locales también rechazaron un diseño de curso original que incluía un bucle alrededor del American Airlines Arena. Un plan revisado enviado al Miami Herald por la ciudad evitaría la circulación alrededor de la arena, con la mayor parte de la pista situada en PortMiami y Biscayne Blvd.

El acuerdo daría a los organizadores del evento de Fórmula Uno permiso para hacer preparativos en el área de Bayfront Park durante los seis meses anteriores al evento sin pagar el alquiler.

Bratches dijo que el impacto directo de ser anfitrión de una carrera de Gran Premio podría ser “en el rango de cientos de millones de dólares”. Bratches dijo que las carreras de Fórmula Uno crean empleos permanentes y temporales en las ciudades anfitrionas. A diferencia de muchos otros eventos deportivos organizados en los EE. UU., La Fórmula Uno tiene una audiencia global, dijo Bratches, lo que significa que personas de todo el mundo viajarán a las ciudades anfitrionas para asistir a una carrera.

“Si miras el Gran Premio en promedio, más de la mitad de los asistentes provienen de un país diferente”, dijo Bratches. “Eso beneficia a hoteles, restaurantes, transporte, negocios locales”.

La Fórmula Uno tiene una audiencia mundial de aproximadamente 1.800 millones de espectadores, dijo Bratches.

Fuente: Bizjournals

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La entrada Gran Premio de F1 traería un gran impacto económico en Miami se publicó primero en Miami Diario.

Grove Isle condo owners fight to stop demolition of hotel, restaurant and spa

Grove Isle condo owners fight to stop demolition of hotel, restaurant and spa

Rendering of The Markers Grove Isle

Three years after settling a lawsuit with the development firm that built Grove Isle, the luxury condominium’s unit owners have launched a new legal battle against a proposal to redevelop part of the waterfront site.

The Grove Isle Association last month filed a petition requesting Miami-Dade Administrative Judge Jennifer Bailey force the city of Miami to cancel a demolition permit issued to Grove Isle Associates, the company that built and owns the Coconut Grove hotel, the restaurant, bar, indoor health spa, swimming pool and tennis courts. According to court documents, Grove Isle Associates plans to tear down the existing structures to make way for multiple five-story buildings, as well as new amenity facilities at the current site of the tennis courts, to be called The Markers Grove Isle.

Attorneys for the association and Grove Isle Associates did not respond to requests for comment. The city of Miami’s Attorney’s Office declined comment.

The association contends that a 2015 permanent injunction against Grove Isle Associates and its owner, Grove Isle Yacht and Tennis Club, stipulated that permits for construction of the new facilities must be obtained before the demolition permit is approved.

According to the association’s petition, the ruling concluded that a restrictive covenant in place since Grove Isle was developed in the 1970s by Martin Margulies requires the developer-owner to maintain and operate the hotel, restaurant, bar and spa, as well as make sure unit owners can access the facilities.

The petition states Grove Isle Associates received a conditional demolition permit on Oct. 15, 2015 that took into account the permanent injunction. However, in August, the city’s planning and zoning department went ahead and “undoubtedly issued in error” the demolition permit to Grove Isle Associates, according to the petition.

Grove Isle Associates, which intervened in the petition against the city, claims the association failed to cite any city code prohibiting the issuance of the demolition permit and that the city doesn’t have a “ministerial duty” to provide unit owners with relief. In its response to the petition, the city claims Miami-Dade Circuit Court does not the jurisdiction to reverse the demolition permit approval.

The latest court skirmish three years after Grove Isle Associates and the association settled a lawsuit which unit owners alleged they were unfairly assessed for common area maintenance, including to maintain the bridge between the Grove Isle Hotel & Spa and residential areas, as well as security and other upkeep for facilities.

According to court documents, Grove Isle Yacht and Tennis Club purchased Grove Isle Associates in 2013. Corporate records list Hector Fernandez-Rousselon, Coral Gables-based Pinto Realty and Key Real Estate Development Group as the managers of Grove Isle Yacht and Tennis Club.