gables station - LoopNet

gables station s dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey 305.576.9008 ext. 3 [email protected]
property highLights
neighboring tenants
500 residential units in 3 towers
retail gla: ±125,000 sf
Traffic counts: 81,500 vpd on s Dixie Hwy 21,100 vpd on Ponce de leon blvd
steps from The shops at Merrick Park
adjacent to The Underline (see page 4)
avg HH income within 1 mile: $111,000
over 2,300 residential units in the development pipeline in Merrick Park neighborhood
estimated Delivery: July 2020
January 28, 2019 July 24, 2018
January 28, 2019 Anchored by 4-story luxury fitness club totaling 90,000 sf
S Dixie Hwy
January 28, 2019
Douglas Rd
Grand Ave
STA IR
UNDERLINE
UNDERLINE
UNDERLINE
SITE aboUt the UnDerLine The Underline, which broke ground late-2018, is a 10-mile linear park that will run underneath the Metrorail from brickell to Dadeland south. a safe and inviting transit corridor for pedestrians, cyclists, and public transit riders, the Underline will promote more compact and walkable neighborhoods. gables station will be connected to the trail with an expansive courtyard and “activated space.” The concept will get building residents out to the Underline, and Underline users to the retail.
Gables Ponce III APPROVED
4311 Ponce PROPOSED
135 Grand PROPOSED
50,000 SF Office
Modera Douglas Station COMPLETED 2015
# of Units: 262 (PHASE I)
Laguna House PLANNED
Merrick Manor OPENS Q1 2019
# of Units: 227 19,000 SF Retail
Link at Douglas APPROVED
Platform 3750 PROPOSED
# of Units: 192
Berkshire Coral Gables COMPLETED 2014
# of Units: 276
# of Units: 504 125,000 SF Retail
Modera Douglas Station COMPLETED 2018
# of Units: 181 (PHASE II)
present Day - ViLLage of merriCK parK
In recent years, coral gables has carefully managed a historic development boom. Major improvements have dramatically enhanced coral gables’ Miracle Mile. Now, interest and development are shifting south towards the Village of Merrick Park. The projected increase in density for this micro area is startling. In 2008, this market was home to a mere 267 residences. since the end of the most recent recession, 910 units were added. over the next three years, seven projects presently in various stages of development are expected to add another 2,322 units. In addition to the new residences, 319 hotel rooms and 50,000 sf of office space are planned for the area, along with 225,000+ sf of retail.
The Village of Merrick Park rates well regarding connectivity and walkability. The area’s central location allows residents convenient access to every major market in Miami-Dade county. With a walkability score in the 90s, the Village of Merrick Park is among Miami’s most walkable markets.
oUtLooK
by 2021, The Village of Merrick Park will be home to a staggering 3,538 multifamily units and 431 hotel units, placing it among Miami’s densest submarkets. During the next three years, investors are projected to spend over $250 million on land acquisitions, with construction investment nearing $1 billion. among the planned developments are the link at Douglas by 13th floor Investments and the adler group. With groundbreaking scheduled for early 2019, this development will be located on seven acres of surface parking lots at the Douglas road Metrorail station and will include 970 residential units with a grocery store, a public plaza, retail and more. another project is being built just down Us-1 by NPI. NPI’s development, gables station, will have a three-acre park, The Underline, running alongside its three towers, with a 90,000 sf life Time fitness serving as its anchor.
The Village of Merrick Park provides everything today’s residents want. once an industrial section of Miami-Dade, the neighborhood has quickly evolved into an ideal live-work-play environment.
Original article by Myles Stepner via LinkedIn | September 14, 2018 the next hot miami sUbmarKet
This market is poised to grow from 1,300 units to 4,000 units by year end of 2022
SW 42 Ave
MERRICK PARK
MIRACLE MILE
31,500 vpd
40,000 vpd
19,800 vpd
86 ,50
DOWNTOWN SOUTH MIAMI
DOWNTOWN COCONUT GROVE
DOWNTOWN CORAL GABLES
gables station PONCE DE LEON BLVD & S DIXIE HWY • CORAL GABLES, FL • 33133
Centre-Line Real Estate • 4770 Biscayne Blvd, Suite 920 • Miami, FL 33137 • centre-line.com
LEASING INFORMATION Lindsey Pankey 305.576.9008 ext. 3 [email protected]
AVAILABLE
LEASED
LOADING LOBBY
LO ADIN
Leasing pLan
parKing pLans
LeVeL 2
174 parKing spaCes
12
81,500 vpd
Grand Ave
South Dixie Hwy
Grand Ave To CocoWalk
South Dixie Hw y
The Underline
21,100 vpd
31,000 vpd
81,500 vpd
Ponce de Leon Blvd
21,100 vpd

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gables station - LoopNet

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