Emerging neighborhoods Coral Gables ( The Miami Herald)

August 6, 2017

Miami Herald Article

While Miami-Dade County’s emerging neighborhoods are experiencing substantial development and investment, one of its most established communities — Coral Gables — is also being transformed with large-scale projects from both the public and private sectors.

In lockstep with this growth and activity, the “City Beautiful” is on the cusp of a retail revolution. The retail landscape of Coral Gables is poised to dramatically change in the coming months and years as major developments boost the residential and professional population to create more demand for new shopping and dining options.

Downtown Coral Gables is known for its restaurants and upscale shops and the Shops at Merrick Park is a regional draw, but a more diverse mix of eateries and retailers is on the way. The Merrick Park area will have many new residents from the 227-residence Merrick Manor project, the city’s first luxury residential project in nearly a decade, and other nearby developments.

137,000 square feet of prime retail space.

In total, more than 50 developments are in the pipeline to bring more than 2,700 new residential units, 1.4 million square feet of commercial space and 750 hotel rooms to Coral Gables. That will add to an existing population of 50,815 residents (as of the 2016 Census), 94,430 workers and more than 542,000 visitors. The city is home to more than 150 multinational corporations.

Photo and Article credit – Miami Herald

Read more here: http://www.miamiherald.com/real-estate/article165630932.html#storylink=cpy

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