{"id":1768,"date":"2026-06-13T09:31:09","date_gmt":"2026-06-13T09:31:09","guid":{"rendered":"https:\/\/floridamovingchronicle.com\/?p=1768"},"modified":"2026-06-13T09:31:09","modified_gmt":"2026-06-13T09:31:09","slug":"new-housing-higher-costs-expanded-bakery-see-top-miami-area-business-stories","status":"publish","type":"post","link":"https:\/\/floridamovingchronicle.com\/?p=1768","title":{"rendered":"New housing, higher costs, expanded bakery. See top Miami-area business stories"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>From a major affordable housing push to a Cuban bakery\u2019s expansion and federal scrutiny of hospital pricing, South Florida\u2019s business landscape saw significant developments.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1764\">Miami-Dade transit officials weigh legal options over lemon electric buses<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Here\u2019s a roundup of the top stories shaping the region:<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<ul>\n<li><b>Affordable housing redevelopment:<\/b> Developers are replacing aging county-owned public housing with denser affordable and workforce units to address Miami-Dade\u2019s shortage of roughly 90,000 affordable homes. Projects like Rhapsody at Rainbow Village will swap 136 old apartments for more than 1,500 new mixed-income units.<\/li>\n<li><b>Aventura Mall bookstore moves:<\/b> Quade Books has relocated to a kiosk across from the Nike store, marking its third move since opening at Aventura Mall in July 2024. The Argentina-based shop was the mall\u2019s first bookstore in two decades.<\/li>\n<li><b>CAO Bakery expands to Pembroke Pines:<\/b> The Miami-based Cuban bakery is opening a second Pembroke Pines location in July at 12221 Taft St., taking over the former Char-Hut space. Founded in 2018 by third-generation baker Tony Cao, the bakery is an offshoot of his grandfather\u2019s Vicky Bakery.<\/li>\n<li><b>Hospitals flagged for pricing errors:<\/b> The Trump administration sent warning letters to over 500 hospitals, including Baptist Hospital and several other South Florida facilities, citing price transparency disclosure errors. The hospitals blamed technical issues tied to updated 2026 reporting rules and said they have since corrected them.<\/li>\n<li><b>Inflation surges in May:<\/b> U.S. inflation rose 4.2% year-over-year in May, the sharpest annual increase since 2023, driven in part by energy prices climbing nearly 24% over 12 months. With interest rates stuck at 3.75%, South Florida buyers face mounting hurdles from housing, insurance and essential costs.<\/li>\n<\/ul>\n<p><!--]--><!--[--><\/p>\n<p><i>This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.<\/i><\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1762\">Broward clears dozens of drug convictions from the \u201980s and \u201990s. Here\u2019s why<\/a><\/p>\n<p><!-- --><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>Catch up on the top Miami business stories, from affordable housing redevelopment and CAO Bakery&#39;s expansion to hospital pricing warnings and rising inflation.<\/p>\n","protected":false},"author":1,"featured_media":1767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New housing, higher costs, expanded bakery. 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