September 30, 2023

Tuesday's Daily Pulse

What you need to know about Florida today

| 9/19/2023

› Why the middle-class is being permanently priced out of Miami
People from all over the country flocked to Florida during the pandemic, reshaping the housing market there forever. Now, "the Florida housing market is undergoing a restructuring as a result of the work-from-home phenomenon," housing expert Jonathan Miller told Insider. There is an onslaught of luxury apartment towers designed for these newcomers expected to enter the market next year.

› Bay officials say Bayway plays a 'vital' role in Panama City Beach's economy
With much of the Beach's workforce living in other area's of the county, Lamar Hobbs said he thinks public transportation plays a large role to the city's economy. During a City Council meeting, Hobbs, who works as transit program administrator for Bay County, gave officials an update on Bayway, a public transportation system used throughout the area, and its impact on Panama City Beach.

› The Food Factory brings new restaurants and a gathering place to Oviedo
Chicken and waffles and carnitas tacos are now being served at two small restaurants next door to each other at a new rocket factory-themed dining hub. The Local Hen and The 1 Cantina both opened in July at The Food Factory Foodie Collective in the Oviedo on the Park development off Mitchell Hammock Road. The Food Factory will eventually have seven, 800-square-foot “micro restaurants” to go with its 2,400-square-foot The Factory Bar that also has started serving up cocktails.

› Sarasota trial over One Park, Quay waterfront plans gives insight into development process
Litigation involving a condo project worth hundreds of millions of dollars has provided a rare glimpse into the development of a high-profile project that will shape Sarasota's downtown bayfront, depending on how a Sarasota County circuit judge rules in the coming months.

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