New Coral Gables Condo Project Proposed Along South Dixie Highway
A new development of mixed-use condo towers are being proposed in Coral Gables along the 200 block of South Dixie Highway (U.S. 1). The $160 million project is reported to include 168 hotel units, 554 luxury condominium residences, and 87,900 square feet of retail space. The three proposed towers will be constructed at a maximum height of 155 feet.
The developer, NP International USA LLC based in Minnesota, is seeking land-use and zoning regulation revisions. It should also be pointed out that the site planned for the development is owned by Gables Station LLC, which had at one time announced plans to build a retail and parking facility on the lot. The new proposed plans, literally and figuratively, take that to a new level.
New Condo Construction Continues to Showcase Coral Gables as a Residential Hotspot
The news comes on the heels of the controversial approval of another mixed-use project in Coral Gables. Dubbed Paseo de la Riviera, the development is slated to offer a 252-room hotel, 224 spacious residences, retail space and a restaurant. Those who oppose the project are concerned about increased traffic on U.S. 1 and in the Riviera neighborhood, among other issues.
From Miami Beach to Downtown Miami to Coral Gables, new condo building construction isn’t showing any signs of slowing down. As The Real Deal Miami stated in an article announcing the proposed new towers, since the 2011 cycle began, developers have announced the addition of 17 new condo buildings with 1,400 units in Coral Gables.
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Source: Zalewski, P. (2016). Pair of new condo towers proposed for Coral Gables. Retrieved February 09, 2016, from http://therealdeal.com/miami/2016/02/02/pair-of-new-condo-towers-proposed-for-coral-gables/