Coral Gables sees building boomlet

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]