Redevelopment of Coral Gables garages could be voted on this month

Related and Allen Morris currently top bidder, followed by Terranova, Zom and Gibson

TRD MIAMI /
Jan.January 13, 2017 12:00 PM

The redevelopment bid for two city-owned garages in Coral Gables could head to a vote as early as Jan. 24.

Out of the five proposals, the top two are from Coral Gables City Center and TC Gables LLC. They would redevelop the city’s parking garages at 245 and 345 Andalusia Avenue into mixed-use projects with high-tech parking systems, retail space and apartment units.

TC Gables’ development team includes Terranova, Zom and Gibson Development with Arquitectonica, while Coral Gables City Center is a partnership between the Allen Morris Company and the Related Group with designs by Zyscovich Architects.

Following an evaluation committee meeting in December, city staff is putting together its recommendation for the Coral Gables Commission with a vote that could happen as early as Jan. 24, the Miami Herald reported. Both groups of developers presented new renderings and plans that have already been ranked by the committee. The proposal by Related and Allen Morris, who are partnering together on projects like SLS Lux, is currently ranked higher, according to the Herald.

The Coral Gables City Center project features retail space on the ground floor, apartment units above the parking (featuring a smart parking system) and foyers. The garages would be 16 and 17 stories tall, with a combined 27,800 square feet of commercial space, 140,000 square feet of office space, nearly 1,600 parking spaces and 244 luxury apartments.

The TC Gables project would have nine and 16 stories, a paseo, a combined 328 apartments, more than 1,800 parking spaces, and 50,700 square feet of retail space.

Both would be designed with the Mediterranean-style architecture Coral Gables is known for. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Luis Castillo, Eric Williams, Danny Finkle and 6701 Red Road

Whole Foods-anchored retail in Coral Gables sells for $47M

Whole Foods-anchored retail in Coral Gables sells for $47M
Jorge Pérez and Jon Paul Pérez with the Wynwood properties

Related Group pays $19M for Wynwood development site

Related Group pays $19M for Wynwood development site
Related Group’s Jorge Perez and 5400 Broken Sound Boulevard in Boca Raton (Credit: Google Maps)

Related, Rockpoint nab $69M construction loan for Boca Raton apartments

Related, Rockpoint nab $69M construction loan for Boca Raton apartments
23 Tahiti Beach Island Road and 4965 Southwest 82nd Street

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate
From left: Gran Paraiso and Bayside Terrace Condo

Gran Paraiso construction debris rained down on Edgewater condo building, lawsuit alleges

Gran Paraiso construction debris rained down on Edgewater condo building, lawsuit alleges
Chandler Joel Reedy, 300 Casuarina Concourse (Credit: Google Maps)

Private equity investor buys Gables Estates waterfront home

Private equity investor buys Gables Estates waterfront home
620 Arvida Parkway, Benjamin Leon Jr. and John H. Ruiz

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade
Rendering of Villa Valencia and Rishi Kapoor

Coral Gables condo developer offers zero-interest down-payment loans

Coral Gables condo developer offers zero-interest down-payment loans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...