Business

In exchange for a public park, Miami Beach amended its city code last week to allow real-estate developers to build a luxury condo and hotel where a parking lot currently resides on Ocean Terrace.

The new Liberty Square signals the gentrification of another historically black neighborhood.

In May, Texas-based apartment developer Mill Creek Residential broke ground on a luxury tower in the Miami neighborhood of Edgewater. The 27-story Modera Biscayne Bay boasts a rooftop pool, digital package lockers, a Pilates studio, and “spectacular views of Biscayne Bay.” But during construction, the builders have been cited for polluting the very body of water the owners tout in promotional materials.

Miami New Times news editor Jessica Lipscomb has won the 2019 Clarion Award for the best feature story in a weekly newspaper in the United States. Sponsored by the Association for Women in Communications (AWC), the Clarions are a hotly contested national competition. The winning story, “Deadly Dreams,” detailed…

Miami is, mythically, a place where immigrants from around the world come to work, save money, and build wealth. In reality, though, it appears the local and national economies are so unbelievably broken that people are mostly coming here to work themselves into the ground.

This past Saturday night, business owners, politicians, and socialites rubbed elbows at the Miami Beach Chamber of Commerce’s 97th-annual gala. The Dr. Seuss-themed shindig included a handful of performers dressed as iconic characters such as the Grinch and the Cat in the Hat.

Hialeah styles itself as the City of Progress, though the general perception sees other parts of Miami as way more popping. Hialeah just isn’t yet seen as the place to be in Miami, but property values show the city is progressing after all.

Most people haven’t heard of Professional Bank. The business is a tiny outpost in Coral Gables that doesn’t have a fraction of the name recognition of major Wall Street banks.

Since Hurricane Irma hit Florida in September 2017, the historic hotel has been closed for a massive renovation. But now that the windows and doors have been ripped out during construction, neighbors tell New Times they’re concerned rain and humidity could damage the property.

Just in time for graduation season, the folks at Hotpads are out with a new study showing that housing is becoming impossibly expensive for recent grads. Analysts with the site found a typical graduate would have to spend a staggering 77 percent of his or her income on the median monthly rent in the Miami/Fort Lauderdale area.

A new study from Apartment List has found the Magic City has the sixth-highest income inequality among the country’s largest metros, with a wealth gap that jumped 7.5 percent between 2008 and 2017. The highest-earning households made nearly 14 times the lowest earners, according to the research.

Considered an eyesore by many, the old South Shore Hospital came tumbling down this morning during a scheduled implosion. Neighbors could be heard cheering when the building finally collapsed.

Miami has become a stupidly, ludicrously expensive place for non-billionaires to live. Once again, a new dataset shows Miami residents are still the most “rent-burdened” people in America.

North Beach could become home to up to 624 “micro-units” — apartments as small as 375 square feet, or a little bigger than two parking spaces put together — as part of city commissioners’ latest plan to revitalize the sleepy area. During today’s Land Use and Development meeting, committee members approved…

After scrutiny from New Times and other major media outlets, Caliburn International — the for-profit investment company that, among other projects, runs the Homestead Temporary Shelter for Unaccompanied Children near Miami — has killed its plans to sell $100 million in shares on the stock market.

On March 8, 2016, Jacqueline Quiñones began a job at the Dunkin’ Donuts in Perrine. Less than two months later, after repeated racial discrimination from co-workers, Quiñones was unfairly terminated, she says, sending her into a downward financial spiral that ultimately left her homeless.

The topic of Ocean Drive has been a contentious one on Miami Beach for the past few years.

A group of female workers has been fighting for nearly two decades to force Walmart, America’s largest employer, to recognize what workers say is clearly a gender-based pay gap. In 2001, Betty Dukes spearheaded a class-action lawsuit alleging she and other women had been regularly passed up for raises and promotions…

An Opa-locka precious metals company that supplied gold to Tiffany & Co., Apple, and General Motors went bankrupt after its owners siphoned off a fortune to buy, among other things, a giant Golden Beach mansion and a multimillion-dollar beachfront condo, a new lawsuit charges.