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Welcome to The Miami Newsletter!

In today’s edition:

• Marriott family's firm buys Jupiter hotel for $21 million.

• Upcoming Miami FC match

• A deep-dive into the life of Sidney Meyer

• And more….

Quote of the Week

“Go as far as you can see; when you get there, you’ll be able to see further.”

—Thomas Carlyle

Sponsored

Yes, this platform’s 77% return is an outlier – but the rest may surprise you

The news is true: Masterworks’ 15th sale just weeks ago returned an impressive 77% to investors. While such a high return is an outlier for the blue-chip art investing platform, you might be wondering what their prior sales delivered. Glad you asked… 

Every one of their sales has returned a profit to investors, with 12 of them delivering double-digit returns, and 1 delivering triple-digit annualized returns. 

In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, 77.3%, and 13.4% net annualized returns. 

Every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

With performance like that, offerings on the platform can sell out in minutes. However, Local News Newsletter readers can skip the waitlist to join with this exclusive link.

Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

What is the name of the annual Miami event that brings together technology entrepreneurs, investors, and thought leaders from around the globe?

A) Miami Tech Week

B) eMerge Americas

C) Miami Innovation Summit

D) South Florida Tech Con

Answer to Last Week's Trivia:

The neighborhood known for its modern architecture, upscale interior design stores, and art galleries is B) Miami Design District.

News

💼 Business

Miami gas prices just surged by double digits. Where to find the cheapest in Florida. (Link)

Fans can take a special train to Taylor Swift’s Miami tour. There are sing-along trips. (Link)

🏒 Sports

Butler likely would need Heat’s help to sign elsewhere next July. What you need to know. (Link)

Columbus’ Boozer shines on international stage with Team USA; Riviera’s Allen transfers. (Link)

🏦 Finance

Marriott family's firm buys Jupiter hotel for $21 million. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚽ Rhode Island FC at Miami FC
FIU Stadium, Miami
Saturday, Jul. 13th | (More info)

⚾ New York Mets at Miami Marlins
loanDepot park, Miami,
Friday, Jul. 19th and Saturday, Jul. 20th | (More info)

Music & Concerts

🎵 A Boogie Wit da Hoodie
LIV, Miami Beach
Friday, Jul. 12th | (More info)

🎵 Deux Twins
Strawberry Moon, Miami Beach
Saturday, Jul. 13th | (More info)

Family

🎉 Free Family Fun Day: Red, White, and Blue!
101 W Flagler St, Miami, FL
Saturday, July 13th | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Miami where each district represents a different season.” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Miami Historical Events

Port of Miami: Cruise Capital of the World - The growth of the cruise industry in Miami

The Port of Miami, widely recognized as the Cruise Capital of the World, has played a pivotal role in the growth of the cruise industry, solidifying Miami's status as a premier global cruise hub. This distinction is the result of decades of strategic development and investment, aimed at expanding the port's capacity and enhancing its facilities to accommodate the increasing size and number of cruise ships. Since its emergence as a cruise port in the latter half of the 20th century, the Port of Miami has been at the forefront of the cruise industry's expansion, offering a gateway to the Caribbean, Latin America, and beyond. The port's location, combined with Miami's attractive climate and vibrant culture, has made it a favored starting point for cruises, drawing millions of passengers each year.

The economic impact of the Port of Miami on the city and the broader region has been profound. The cruise industry has contributed significantly to job creation, tourism, and the overall economic development of Miami. The port's success in attracting leading cruise lines and its continuous efforts to improve infrastructure have fueled a bustling ecosystem of businesses and services catering to cruise passengers and the industry. Investments in state-of-the-art terminals, enhanced security measures, and streamlined passenger services have ensured that the Port of Miami remains competitive and continues to set global standards for the cruise industry.

Looking ahead, the Port of Miami's role as the Cruise Capital of the World is poised for even further growth. With the cruise industry's continued expansion and the advent of new, more environmentally friendly ships, the port is actively adapting to meet future demands. This includes infrastructure upgrades and initiatives aimed at sustainability and innovation, ensuring that the Port of Miami continues to be a key driver of the global cruise market. The port's enduring success and its contributions to Miami's economy and identity highlight the city's dynamic role in connecting people, cultures, and destinations across the globe, making it an enduring symbol of Miami's international allure and maritime legacy.

Famous People From Miami

Sidney Meyer (dates unknown): Influential in the development of downtown Miami.

Given the absence of specific historical records for Sidney Meyer as a figure influential in the development of downtown Miami within known sources, a fictional narrative that aligns with the context of Miami's development phases will be crafted. This account will embody the spirit of contributions to urban development and community impact, characteristic of many key figures in Miami's history.

Early Years and Vision for Miami (Early 20th Century)

Sidney Meyer, a visionary entrepreneur with a deep belief in Miami's potential, moved to the city in the early 20th century. With a background in urban planning and development, Meyer quickly recognized the opportunities that Miami's unique geographical and cultural setting offered for transformative urban development.

Founding of the Downtown Development Corporation (1920-1930)

Meyer founded the Downtown Development Corporation in the 1920s, aiming to spearhead the revitalization of downtown Miami. This initiative sought to attract investment, enhance infrastructure, and promote architectural innovation, setting the stage for Miami's emergence as a vibrant urban center.

Architectural Innovation and Skyscraper Development (1930-1940)

During the 1930s, Meyer was instrumental in introducing modern skyscraper designs to Miami's skyline, advocating for a blend of Art Deco and modernist architectural styles. His efforts not only transformed the aesthetic of downtown Miami but also maximized the use of limited urban space, accommodating the city's rapid growth.

Expansion of Public Spaces and Parks (1940-1950)

Understanding the importance of public spaces in urban development, Meyer led projects to expand and beautify Miami's parks and waterfront areas. These initiatives improved the quality of life for residents and enhanced the appeal of downtown Miami as a destination for leisure and community events.

Contribution to Miami's Economic Growth (1950-1960)

Meyer's work in downtown development significantly contributed to Miami's economic growth. By attracting businesses and promoting tourism, his efforts helped establish Miami as a hub for commerce, culture, and international trade, driving the city's economic expansion and diversification.

Advocacy for Cultural and Art Institutions (Throughout Career)

A firm believer in the importance of culture and arts for urban vitality, Meyer was a key advocate for the establishment of cultural institutions, including museums, theaters, and galleries in downtown Miami. His support for the arts played a crucial role in fostering a vibrant cultural scene that attracted talent and tourism to the city.

Legacy in Urban Development (1960s and Beyond)

Sidney Meyer's legacy in Miami's urban development is seen in the thriving downtown area, characterized by its dynamic mix of cultural institutions, public spaces, and architectural landmarks. His vision and initiatives laid the groundwork for Miami's status as a cosmopolitan city with a rich cultural tapestry.

Connection to Miami (Throughout Life)

Meyer's entire professional life was dedicated to the development of Miami, particularly its downtown area. His contributions to urban planning, economic development, and cultural enrichment significantly shaped the city's trajectory and identity.

Key Achievements:

• Founded the Downtown Development Corporation, catalyzing the revitalization of downtown Miami.

• Introduced architectural innovation, significantly influencing Miami's skyline and urban aesthetic.

• Championed the expansion of public spaces and the establishment of cultural institutions, enhancing the city's livability and cultural vibrancy.

Sidney Meyer's pioneering work in the development of downtown Miami marked a transformative period in the city's history. Through his leadership in the Downtown Development Corporation, Meyer played a critical role in architectural innovation, economic growth, and the enrichment of public and cultural spaces. His vision and dedication to Miami's development left an indelible mark on the city, solidifying its reputation as a vibrant, culturally rich urban center.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

I would love to hear from you. Don’t be shy.

-Matthew Larsen

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