The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
The deal includes three warehouses totaling approximately 458,000 square feet.
The bank plans to grow its workforce by 20% over the next year and a half, and the new location will help consolidate its staff currently spread across Downtown Miami, the Brickell Financial District, and its Coral Gables office.
The Plaza Coral Gables spans seven acres and features approximately 455,008 square feet of Class A office space across two towers.
The building features 24’ clear span heights, a 335’ building depth, 49 loading positions, and 95’ to 150’ truck court depths.
Colliers Executive Vice President Scott Weprin represented the tenant in the lease transaction, while CBRE represented the landlord, Prologis, in the negotiations.
At 10 stories, the landmark 263,000-square-foot, Class A building visually dominates the city’s central commercial district, which spans along University Drive just south of Sample Road.
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