The Coral Gables Times

Building in '62 Shows Heels To '61; April Is $1.1 Million

Building in Coral Gables continues ahead of last year with 3,393,185 reported for the first four months. A whopping $1,170,134 was for the month of April alone. This compares with $2,829,282 for the same four-month period last year and $933,297 for the month of April 1961. Top single permit went to the Riviera Country Club in April for $184,000. Other significant permits went to Wess Sarbro Inc. for two 16-unit apartments at 21 and 35 Edgewater Dr. costing $100,000 each. Values do not include land price. A total of 233, permits, including 187 miscellaneous for $169,487 were included. Also included were 15 residences, $333,000; 19 additions, $239,447; two offices, $112,000; one store, $80,000; one compressor station, $12,000; four alterations, $13,200; and two pools, $11,000.

One Week's Total: Quarter of Million

A $116,000, three-story apartment at 216 Calabria Ave. helped boost weekly building to $233,170 last week. Owner-builder is Porfini Construction Co. and the architect Hudson-Root. The building will have 12 units. Other permits, which do not reflect land values, went to Interstate Realty Development Corp., 115 Salamanca Ave., two-story apartment, $50,000. Marto Inc., 657 Bird Road, residence, $17,170. Byron M. Edelman, 45 - 47 Merrick Way; store - office, $18,000. Mrs. Robert Keyes, 6820 Riviera Drive, pool, $3,000. Dr. Donald Andrus, 828 San Pedro Ave., boat slip and bulkhead, $7,000. Hunter Mors, 310-314 Minorca Ave., alterations, $19,000. E. F. de Mendia, 4737 San Amaro Dr., pool, $3,000.

Real Estate Up, Too; 2 1/2 Million Over '61

Real estate transactions are running $2 1/2 million ahead of last year, according to the Coral Gables Board of Realtors. Figures released by the Board show a sharp increase for the first four months of 1962—$7,602,100, as compared to $5,109,495 for the same period last year. For the month of April, 51 single-family residences accounted for $1,275,700 of the total $1,861,150; four multiple family residences, $247,600; two commercial buildings, $231,900; and 19 lots.

No Soap

A request by Three Bays Properties No. 3, Inc., to change the name of a Coral Gables' street from Arvida Parkway to Faraway Island has been turned down by the City Commission. Three Bays, owned by millionaire ARTHUR VINING DAVIS, sought the name changed back to the name once applied to that area before it was platted. The Commission indicated it would favor a Spanish or Mediterranean area name.

Food Fair Leaving Mile; Woolworth's Gets Extra Space

Food Fair store at 164 Miracle Mile is closing down in the next two or three months, according to a chain spokesman. F. W. Woolworth store, located next door, is negotiating for the property, but L. G. Stanley, company representative, said the transaction has not been completed. Expansion would greatly increase Woolworth's space. Edward J. McBride, owner of the property, could not be reached for comment. "It will be closed," Hayes Wood, an administrative assistant for Food Fair said. Wood said the chain has plans to enlarge its other store at the corner of Ponce de Leon Boulevard and University Drive. Declining sales on Miracle Mile were cited for the change by Food Fair. Wood indicated that the chain expects to pick up the slack with expansion of their other downtown store at 3100 Ponce de Leon Blvd. Food Fair has two other stores in Coral Gables, one at 114 Ponce de Leon Blvd. and another at 1220 South Dixie Hwy.

Austin Burke Eyes CG

Austin Burke is planning a clothing store in Coral Gables. Burke, now in France conducting a seminar in connection with the film Festival at Cannes, is due back May 27 and a spokesman said things should break "in about two weeks after his arrival." Miracle Mile is the proposed location, but no definite arrangements have been made, the spokesman said.

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