Coral Gables is located in a submarket of Miami known for its beautiful landscapes. It's often called the "Garden City" due to the wealth of greenery around civic landmarks and residential centers. Much like its neighboring metropolis, Coral Gables is growing. According to the South Florida Business Review, there are plans for a new 119-unit mixed-use building.
The project is a joint venture by Greystone, which is based out of New York, and local companies Strategic Properties and Alta Developer. It's located near Downtown Coral Gables at 3622 S.W. 22nd Street (Coral Way) and is to be called "The Mile." In total there will be 119 apartments and street-level retail establishments.
"The Mile's proximity to downtown and the airport is a key reason why the Downtown Coral Gables location is so attractive for a growing influx of sophisticated residents," Jeff Simpson, chief executive officer of Greystone Property Development, said in a statement.
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