Coral Gables Mixed-use Project on US1 Approved

Coral Gables Mixed-use Project on US1 Approved

Mixed-use real estate projects are gaining popularity in America, particularly in bigger cities. In Coral Gables, the Paseo de la Riviera is revolutionizing the City Beautiful, despite a battle over building heights and density that some fear may change the ambiance of the city. Three ordinances and a resolution have been passed in response to these objections, but the project has been green lighted. The new project will, without question, set a new standard for mixed-use spaces.

Coral Gables is one of the most sophisticated neighborhoods in Miami. It has remained the City Beautiful almost since its inception with the University, singular and gourmet restaurants, and a commitment to elegance.

The project will combine the well-known history of the area with a hybrid retail, residential, and hotel experience that is the future of designer spaces. According to PaseodelaRiviera.com, the mixed-use space will “offer a 252-room hotel, 224 spacious residences, retail, a chef-driven neighborhood restaurant, and a lushly landscaped, signature Paseo for residents, visitors, and neighbors to enjoy.” To create this luxury space, developer NP International has joined forces with Jorge L. Hernandez, a Coral Gables architect and preservationist, to maintain a sense of historic ambiance of the space while creating a design for the future. Paseo de la Riviera will offer significant retail space. Although the future tenants have not been made public yet, nor has the hotel brand, both mystery components should be as spectacular as the designer space they will inhabit.

Living options at Paseo de la Riviera Residences include studios, as well as one-, two-, and three-bedroom units. Residents will have fob-secured access to the garage, building, and elevators, all of which will be monitored by around the clock video surveillance. In keeping with the movement to make Miami healthier, the environment will be smoke-free. The building will also offer valet parking to ameliorate the fear of limited parking spaces.

Guests at the 252-suite hotel will enjoy the same amenities available in the Residences, coupled with concierge services and a pool terrace on the third floor. Residents, tourists, and shoppers will enjoy the utmost convenience in transportation. The mixed-use site will be across from the future site of the Underline and the new the new pedestrian bridge. Confirmed transportation options like US-1, the Coconut Grove Trolley, and the Metrorail’s University station will make any commute easier.

For more information on Paseo de la Riviera, or other luxury properties in Miami, contact Suzanne Feanny for a free consultation.

References:

Alvarado, F. (11 December 2015). Paseo de la Riviera wins Coral Gables approval. The Real Deal. Retrieved from http://therealdeal.com/miami/blog/2015/12/11/paseo-de-la-riviera-wins-approval/

Dixon, L. (11 December 2015). Gables commission approves Paseo de la Riviera project. Miami Herald. Retrieved from http://www.miamiherald.com/news/local/community/miami-dade/coral-gables/article49239130.html

Paseo de la Riviera. (2015). Retrieved from http://www.paseodelariviera.com/