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gables stations 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 Pankey305.576.9008 ext. [email protected]




property highLights

neighboring tenants

5 levels of parking with 977 spaces

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, 2019Anchored by 4-story luxury fitness club totaling 90,000 sf




S Dixie Hwy

Ponce de Leon Blvd

Ponce de Leon Blvd

Grand Ave

January 28, 2019




Douglas Rd

Grand Ave

US-1

S Dixie Hwy

Ponce de Leon Blvd

31,500 vpd

40,000 vpd

SHOPS ATMERRICK PARK

gables station

Centre-Li

ne eal Esta

t

4770 Bisca

t

LEASING INFORMATIO

N

Lindse

y Panke

y

7

e

AVAILABLE

LEASED

COVERED WALKW

AY

ABOVE PARKING &

RESID

ENTIAL

South D

ixie H

wy

+/- 17

,500 S

F

90,00

0 SF

Grand Ave

Ponce d

e Leo

n Blvd

81,5

00 V

PD

1

Ponce de Leon Blvd

STAIR

S

STAIR

S

STAIR

S

LOADING

OUTDOOR SEATIN

G &

PUBLIC A

RT DIS

PLAYS

LOADING

LOBBY

LOA

DIN

G

LOA

DIN

G

RETAIL

RETAIL

RETAIL

RETAIL

3,350

SF

RETAIL

2,300

SF

5,200

SF

2,295

SF

3,500

SF

RETAIL

ELEV.

ELEV.

ELEV.

ELEV.

ELEV.

STAIR

S

STAIR

S

ELEV.

ESCALATOR

ELEVATORS

STAIR

S

PARKING G

ARAGE

ENTRY / EXIT

SW 42 Ave

Le Jeune Rd

Bird Rd

Ponce de L

eon Blvd

Grand Ave

81,50

0 vpd

21,10

0 vpd

16,100 vpd

MERRICK MANOR

GABLES PONCE III

THE HENRY

UNDER CONSTRUCTION123 RESIDENTIAL UNITS



UNDERLINE

UNDERLINE

UNDERLINE

SITEaboUt the UnDerLineThe 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 IIIAPPROVED

# of Units: 20412,246 SF Retail

4311 PoncePROPOSED

# of Units: 830,000 SF Retail50,000 SF Office

135 GrandPROPOSED

50,000 SF Office

405 South DixiePLANNED

11,000 SF Retail

Merrick Park HotelPLANNED

135 Hotel Rooms

One Merrick ParkPLANNED


Modera Douglas StationCOMPLETED 2015

# of Units: 262 (PHASE I)

Laguna HousePLANNED


Merrick ManorOPENS Q1 2019


Link at DouglasAPPROVED

# of Units: 1,421251,873 SF Office

Platform 3750PROPOSED

# of Units: 192

Shipping Ave AptsPROPOSED

# of Units: 254

The HenryEST COMPLETION: Q3 2019


Berkshire Coral GablesCOMPLETED 2014

# of Units: 276

Gables Pointe PlazaPLANNED

8,646 SF Retail

Gables StationEST COMPLETION: MID-2019


Modera Douglas StationCOMPLETED 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, 2018the next hot miami sUbmarKet

This market is poised to grow from 1,300 units to 4,000 units by year end of 2022

https://www.linkedin.com/pulse/next-hot-miami-submarket-old-dog-new-tricks-myles-stepner/




SW 42 Ave

Douglas Rd

SW 27Ave

Red

Rd

Coral Way

Bird Rd

Grand Ave

SW 72 Street

US-1

S Dixie Hwy

SITEPonce de Leon Blvd

MERRICK PARK

MIRACLE MILE

31,500 vpd

40,000 vpd

19,800 vpd

86,50

0 vpd

COCOWALK

SUNSET PLACE

DOWNTOWNSOUTH MIAMI

DOWNTOWNCOCONUT GROVE

DOWNTOWNCORAL GABLES




gables stationPONCE 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 Pankey305.576.9008 ext. [email protected]

AVAILABLE

LEASED

COVERED WALKWAY

ABOVE PARKING & RESIDENTIAL

South Dixie Hwy

+/- 17,500 SF90,000 SF

Grand Ave

Ponce de Leon Blvd

81,500 VPD1

Ponce d

e Leon B

lvd

STAIRS

STAIRS

STAIRS

LOADING

OUTDOOR SEATING &PUBLIC ART DISPLAYS

LOADING LOBBY

LOADIN

G

LOADIN

G

RETAIL

RETAIL

RETAILRETAIL3,350 SF

RETAIL2,300 SF

5,200 SF 2,295 SF

3,500 SF

RETAIL

ELE

V.

ELEV.

ELE

V.

ELEV.

ELEV.

STAIRS

STA

IRS

ELEV.

ESCALATOR

ELEVATORS

STAIRS

PARKING GARAGEENTRY / EXIT

Leasing pLan




parKing pLans

RETAIL: 478 TOTAL SPACES RESIDENTIAL: 499 TOTAL SPACES

LeVeL 2

191 parKing spaCes

LeVeL 3

204 parKing spaCes

LeVeL 4

204 parKing spaCes

LeVeL 5

204 parKing spaCes

LeVeL 6

174 parKing spaCes




12

DEVELOPMENT OVERVIEW

MAY 2016

LEGENDRETAIL STOREFRONT

Retail StoRefRont

Ponce de Leon Blvd

To CocoWalk

South Dixie Hwy

81,500 vpd

Grand Ave




South Dixie Hwy

81,500 vpd

Grand Ave To CocoWalk




South Dixie Hwy

Le Jeune AvePonce de Leon Blvd

The Underline

21,100 vpd

31,000 vpd

81,500 vpd







Ponce de Leon Blvd

21,100 vpd


