The Real Deal Miami

Coral Gables sees building boomlet

August 15, 2011 10:41AM

Coral Gables is seeing a mini construction boom, led by nearly a
quarter-billion dollars in financing and a belief that the submarket
could be the first to emerge from the downturn. There are seven new
projects, like
396 Alhambra
, under construction or set to begin construction.
“Coral Gables has always preserved its value better than 99 percent of
other municipalities in Miami-Dade,” said Robert Behar, who is designing
a new condominium near the Village at Merrick Park. “These investors are
looking at the Gables as the first and primary location to start
development.” [Miami
Herald]