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Ty Simpson considered staying in college for $6.5 million offer from Miami

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Ty Simpson considered staying in college for .5 million offer from Miami


Former Alabama quarterback Ty Simpson is expected to be a late first-round draft pick on Thursday night, which will bring him a guaranteed four-year contract worth around $20 million. But he considered turning that down for a big-money offer to stay in college.

Simpson, who has previously said that Miami offered him $6.5 million to transfer and play for the Hurricanes in 2026, said on David Pollack’s podcast that the money was too good not to at least think about.

“I think the last offer was definitely one that I just had to sit down and consider, because it would have been life-changing money,” Simpson said. “It would have made me the highest-paid player in college, and it was something to where I was like, I can’t just ignore this. I have to sit down and think about it. That’s how I am, I don’t want to do anything sporadic. I want to sit down and think it all out, and it really just came down to how I wanted to be remembered and what do I want to do.”

Simpson, who spent three years as a backup at Alabama before becoming the starter last year, went to his former coach, Nick Saban, for advice.

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“I actually talked to Coach Saban about this,” Simpson said. “The things he was talking about were, do you want to play football in college, or do you want to play football professionally? And he was like, ‘Take the money out of it, take the rounds out of it, what do you want to do next year?’ And without a doubt, without hesitation, I said, ‘I want to play professional football.’ And he was like, ‘Well, there’s your answer.’ It was something that I’ve always dreamed of, and I felt that I was ready to take that next step and be the face of a franchise and lead a locker room.”

It’s a different world in football now that players might make more money with another year in college than their annual average salary will be in the NFL. Now, players have to think about whether the NCAA or the NFL will be more lucrative. NIL deals have changed both college football and pro football.





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Miami, FL

Miami-Dade condo owners plead for help after weeks-long elevator outrage impacting residents’ health

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Miami-Dade condo owners plead for help after weeks-long elevator outrage impacting residents’ health


Condominium owners near Doral are appealing for help after their buildings have been without elevator service for weeks. They are speaking exclusively with CBS News Miami, sharing stories of hardship amid the area’s suffocating heat. Several owners, who are elderly and have disabilities, say they are struggling to climb the stairs.

This is not the first time the issue has plagued Parkwood Condominiums. Last July, CBS News Miami reported that one building in the complex had been without elevator service for more than a week.

Currently, service has been out at 9240 Fontainebleau Boulevard since May 14. The elevator at 9270 Fontainebleau Boulevard has been out of service since May 15, and the elevator at 9180 Fontainebleau Boulevard is also non-functional, though the duration there is unknown.

Ronald Bedenis, who has lived on the fifth floor of 9240 Fontainebleau Boulevard for 31 years, expressed worry for his wife and others.

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“It’s terrible. People are having a really difficult time,” Bedenis said. “My wife cannot go out. I have an 80-year-old woman who cannot go down the stairs. Another neighbor is 104 years old, and she is in a wheelchair. How is she supposed to get down and buy food?”

His neighbor, 68-year-old Sandra Hanson, shared her struggle. “It is horrible. It is very bad because my husband is 80 years old and he cannot walk. He is very sick. He is stressed out,” Hanson said.

At 9270 Fontainebleau Boulevard, 77-year-old heart patient Luis Jorge said the outage is impacting his health.

“They put two catheters in my heart before, and I have another operation coming up,” Jorge said. “To go down is not a problem. But to go up is a problem. We called, and there is no one to talk to. I feel like I am in prison”.

His neighbor, Iris Hernandez, called the situation “frustrating”.

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“It’s a big hardship, and I am in disbelief,” Hernandez said. “I feel like I am in a nightmare. I would like to see the elevator fixed”.

CBS News Miami contacted Atlas Property Management Services in Doral and received a statement from Joaquin Alvarez, the property manager.

Alvarez reported some progress at 9270 Fontainebleau Boulevard, where a damaged property edge was repaired, but they are waiting for a control card. At 9240 Fontainebleau Boulevard, Alvarez said the elevator had a damaged valve, and he expected a new one to be installed by the end of the week. He confirmed the Condominium Association had authorized repairs.

For 9180 Fontainebleau Boulevard, Alvarez said the problem involves a defective control board, which the elevator company is working with the manufacturer to resolve. He noted the issue has been ongoing “for a while” but did not provide a repair completion date for that building.

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Developers pay off $115M in Miami construction loans as condos near sellout

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Developers pay off 5M in Miami construction loans as condos near sellout


South Florida developers knocked out a combined $115 million in construction loans for Miami condo towers that are nearly sold out, as the demand for hospitality-branded residences heats up in the region. 

North Development paid off a $70 million loan to Forman Capital and Core Capital for Domus Brickell Park, while Rosso Development and Midtown Development paid off a $45 million mortgage to Arkansas-based Bank OZK for The Standard Residences, Midtown Miami.

The projects have hit major milestones. 

North’s 172-unit Domus Brickell Park recently opened and has posted 120 closings, while Rosso and Midtown’s 228-unit Standard Residences is nearing completion with only five units left to sell.

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North Development, a partnership between Ricardo Dunin’s Oak Capital and Juan Carlos Tassara’s Edifica, paid off its loan in April for the building at 1611 Southwest Second Avenue. 

The project offers a mix of studios, one-bedroom and two-bedroom units that are short-term rental friendly. Units were marketed from the $600,000s to $1.2 million.

Zyscovich Architects is the architect, and Urban Robot Associates is the interior design firm. Amenities include the Peacock Room, which Dunin previously described as an activated lobby with food and beverage concepts, a market, and co-working spaces for guests and the public that were inspired by the ACE hotel in New York. 

The payoff comes as North pushes ahead with Domus Brickell Center, another short-term-rental-friendly condo tower nearby. The developer said that 35-story, 579-unit project at 1034 Southwest Second Avenue is more than 50 percent sold and ahead of schedule. Less than a year ago, the project secured $220 million in financing, consisting of $180 million in C-PACE funding from Coral Gables-based Bayview PACE and a $40 million mortgage from Core Capital.

A few miles north, Rosso Development and Midtown Development paid off a $45 million construction loan for The Standard Residences, Midtown Miami, the first standalone residential project from the lifestyle hospitality brand. Another Standard-branded residential tower is under development in Brickell by Newgard Development Group and Two Roads Development.

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Designed by Arquitectonica, the 12-story Midtown project includes 228 residences and more than 34,000 square feet of amenities, featuring a rooftop pool, pickleball court, coworking spaces and several food-and-beverage offerings, including a Juvia Group restaurant on the rooftop. 

Units range from 432 square feet to 965 square feet, and include studios to two-bedroom condos. Owners will be able to rent their units out for terms as short as one month. In October 2023, fewer than 35 units remained, priced between $500,000 to $1 million.

A JLL Capital Markets debt advisory team led by Brian Gaswirth and Jimmy Calvo arranged the financing in 2023. According to JLL, the loan was paid off ahead of schedule.

Bank OZK is one of South Florida’s most active condo construction lenders. The bank also provided PMG’s state record-setting $668 million construction loan for Waldorf Astoria Residences Miami, which is expected to become the tallest residential tower south of New York City.

Even as interest rates have gradually come down in recent years, the environment is still relatively high, and construction costs continue to climb.

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Juvia to open rooftop restaurant at Standard Residences in Midtown

Rosso Development's Carlos Rosso and Standard International’s Amar Lalvani with rendering of Standard Residences

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South Florida

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Standard Residences in Midtown Miami scores $45M construction loan

Dunin, Edifica Land $220M Financing for Domus Brickell Center

Residential

South Florida

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Ricardo Dunin, Juan Carlos Tassara land $220M financing for Domus Brickell Center

Ricardo Dunin, Edifica Score $70M Loan for Brickell Condos

Development

South Florida

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Ricardo Dunin, Peruvian partner score $70M loan for Domus Brickell





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Family displaced after car crashes into southwest Miami-Dade home, leaving structure unlivable

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Family displaced after car crashes into southwest Miami-Dade home, leaving structure unlivable


A car crashed into a southwest Miami-Dade home Sunday evening, leaving the structure unlivable and displacing a family of five, authorities said.

The crash happened near the intersection of Monroe Street and Douglass Drive and involved two vehicles, according to the Miami-Dade Sheriff’s Office. Doorbell camera video captured the moment of impact and the chaotic aftermath as neighbors rushed to help.

Five family members were inside the home at the time of the crash, including an 84-year-old woman. No one inside the house was injured, but the damage to the home was extensive.

Cars crashed into a Southwest Miami-Dade home Sunday evening, making the house unlivable and forcing a family of five to leave, according to authorities.

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Surveillance Footage from the doorbell camera


“I was frantic. I was scared,” said Ken Charles, a relative who rushed to the scene to check on his grandmother. “I had to jump up and head straight over here and see what’s really going on.”

A woman who lives in the home, who asked not to be identified by her full name, said she initially thought something far worse had happened.

“I didn’t know if it was a gunshot, if it was a bomb, if it was a police chase,” she said. “So I looked outside and saw the car smoking.”

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Emergency crews transported three people involved in the crash to a hospital with injuries ranging from stable to critical, officials said. Doorbell video shows neighbors and occupants of the vehicles attempting to help the injured moments after the collision.

Residents in the neighborhood said speeding and drivers running stop signs are ongoing concerns in the area, though they said crashes this severe are uncommon.

“There is no reason for him to be going so fast,” the resident said.

The American Red Cross responded late Sunday evening to assist the displaced family with temporary housing. Charles said the family does not have insurance and is now facing major financial challenges.

“We really do need the help,” he said. “It’s very difficult, and it’s not easy. We don’t know how we are going to get by.”

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Authorities have not released an update on the conditions of those injured or said whether any charges will be filed. The investigation remains ongoing.



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