Terranova Snaps Up Two Buildings On Coral Gables’ Historic Miracle Mile
The buildings, purchased for a combined $7.8 million, will be marketed for lease to select new restaurant/retail tenants.
The buildings, purchased for a combined $7.8 million, will be marketed for lease to select new restaurant/retail tenants.
The company manages and leases a ±4-million-square-foot, 41-property portfolio throughout the state of Florida comprised primarily of grocery-anchored shopping centers as well as mixed-use and office properties.
The unique, two-story Walgreens is one block away from Ocean Drive.
All the new tenants are expected to open for business in the Spring of 2022.
Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
The 1,758-square-foot eatery is scheduled to debut in spring 2022.
With a reputation of being a national retail specialist, Will Crowden joins SRS with 21 years of experience representing both established and emerging brands in their national, regional, and new market roll-out plans.
More than 150,000 square feet of retail space at Miami Worldcenter has already been completed, with another 130,000 square feet currently under construction and nearing delivery.
The site includes an existing 3,224-square-foot retail building and is zoned for development of up to 20 stories.
In the last 30 days, six tenants have opened their doors at the centre, occupying 16,742 square feet of retail space.
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