Codina Partners’ plan for Coral Gables rental tower advances with three-way property swap
Florida Congressman John Mica brought his probe of alleged waste in the General Services Administration to Miami’s vacant, 179,000-square-foot David Dyer Federal Building yesterday for a hearing on unused government properties. The property in downtown Miami, which has been vacant for almost five years, reportedly costs taxpayers $1.2 million each year. “This agency and the federal government waste billions of dollars sitting on empty and underused buildings,” Mica said in a statement. “I am continuing to call attention to the outrageous losses on federally-owned assets with incredible but squandered potential to generate revenue.” The government has been searching, thus far in vain, to find a new use for the property, which was replaced by a new federal courthouse in 2007 nearby. The hearing is the latest in a series held in similarly-vacant federal buildings. The next will be in Los Angeles Aug. 17. — Alexander Britell
