Post on 10-Feb-2022
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
property highLights
neighboring tenants
5 levels of parking with 977 spaces
500 residential units in 3 towers
retail gla: ±125,000 sf
Traffic counts: 81,500 vpd on s Dixie Hwy 21,100 vpd on Ponce de leon blvd
steps from The shops at Merrick Park
adjacent to The Underline (see page 4)
avg HH income within 1 mile: $111,000
over 2,300 residential units in the development pipeline in Merrick Park neighborhood
estimated Delivery: July 2020
January 28, 2019 July 24, 2018
January 28, 2019Anchored by 4-story luxury fitness club totaling 90,000 sf
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
S Dixie Hwy
Ponce de Leon Blvd
Ponce de Leon Blvd
Grand Ave
January 28, 2019
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
Douglas Rd
Grand Ave
US-1
S Dixie Hwy
Ponce de Leon Blvd
31,500 vpd
40,000 vpd
SHOPS ATMERRICK PARK
gables station
Centre-Li
ne eal Esta
t
4770 Bisca
t
LEASING INFORMATIO
N
Lindse
y Panke
y
7
e
AVAILABLE
LEASED
COVERED WALKW
AY
ABOVE PARKING &
RESID
ENTIAL
South D
ixie H
wy
+/- 17
,500 S
F
90,00
0 SF
Grand Ave
Ponce d
e Leo
n Blvd
81,5
00 V
PD
1
Ponce de Leon Blvd
STAIR
S
STAIR
S
STAIR
S
LOADING
OUTDOOR SEATIN
G &
PUBLIC A
RT DIS
PLAYS
LOADING
LOBBY
LOA
DIN
G
LOA
DIN
G
RETAIL
RETAIL
RETAIL
RETAIL
3,350
SF
RETAIL
2,300
SF
5,200
SF
2,295
SF
3,500
SF
RETAIL
ELEV.
ELEV.
ELEV.
ELEV.
ELEV.
STAIR
S
STAIR
S
ELEV.
ESCALATOR
ELEVATORS
STAIR
S
PARKING G
ARAGE
ENTRY / EXIT
SW 42 Ave
Le Jeune Rd
Bird Rd
Ponce de L
eon Blvd
Grand Ave
81,50
0 vpd
21,10
0 vpd
16,100 vpd
MERRICK MANOR
GABLES PONCE III
THE HENRY
UNDER CONSTRUCTION123 RESIDENTIAL UNITS
UNDER CONSTRUCTION227 RESIDENTIAL UNITS
UNDER CONSTRUCTION204 RESIDENTIAL UNITS
UNDERLINE
UNDERLINE
UNDERLINE
SITEaboUt the UnDerLineThe Underline, which broke ground late-2018, is a 10-mile linear park that will run underneath the Metrorail from brickell to Dadeland south. a safe and inviting transit corridor for pedestrians, cyclists, and public transit riders, the Underline will promote more compact and walkable neighborhoods. gables station will be connected to the trail with an expansive courtyard and “activated space.” The concept will get building residents out to the Underline, and Underline users to the retail.
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
Gables Ponce IIIAPPROVED
# of Units: 20412,246 SF Retail
4311 PoncePROPOSED
# of Units: 830,000 SF Retail50,000 SF Office
135 GrandPROPOSED
50,000 SF Office
405 South DixiePLANNED
11,000 SF Retail
Merrick Park HotelPLANNED
135 Hotel Rooms
One Merrick ParkPLANNED
# of Units: 133,529 SF Retail
Modera Douglas StationCOMPLETED 2015
# of Units: 262 (PHASE I)
Laguna HousePLANNED
# of Units: 133,565 SF Retail
Merrick ManorOPENS Q1 2019
# of Units: 22719,000 SF Retail
Link at DouglasAPPROVED
# of Units: 1,421251,873 SF Office
Platform 3750PROPOSED
# of Units: 192
Shipping Ave AptsPROPOSED
# of Units: 254
The HenryEST COMPLETION: Q3 2019
# of Units: 12310,600 SF Retail
Berkshire Coral GablesCOMPLETED 2014
# of Units: 276
Gables Pointe PlazaPLANNED
8,646 SF Retail
Gables StationEST COMPLETION: MID-2019
# of Units: 504125,000 SF Retail
Modera Douglas StationCOMPLETED 2018
# of Units: 181 (PHASE II)
present Day - ViLLage of merriCK parK
In recent years, coral gables has carefully managed a historic development boom. Major improvements have dramatically enhanced coral gables’ Miracle Mile. Now, interest and development are shifting south towards the Village of Merrick Park. The projected increase in density for this micro area is startling. In 2008, this market was home to a mere 267 residences. since the end of the most recent recession, 910 units were added. over the next three years, seven projects presently in various stages of development are expected to add another 2,322 units. In addition to the new residences, 319 hotel rooms and 50,000 sf of office space are planned for the area, along with 225,000+ sf of retail.
The Village of Merrick Park rates well regarding connectivity and walkability. The area’s central location allows residents convenient access to every major market in Miami-Dade county. With a walkability score in the 90s, the Village of Merrick Park is among Miami’s most walkable markets.
oUtLooK
by 2021, The Village of Merrick Park will be home to a staggering 3,538 multifamily units and 431 hotel units, placing it among Miami’s densest submarkets. During the next three years, investors are projected to spend over $250 million on land acquisitions, with construction investment nearing $1 billion. among the planned developments are the link at Douglas by 13th floor Investments and the adler group. With groundbreaking scheduled for early 2019, this development will be located on seven acres of surface parking lots at the Douglas road Metrorail station and will include 970 residential units with a grocery store, a public plaza, retail and more. another project is being built just down Us-1 by NPI. NPI’s development, gables station, will have a three-acre park, The Underline, running alongside its three towers, with a 90,000 sf life Time fitness serving as its anchor.
The Village of Merrick Park provides everything today’s residents want. once an industrial section of Miami-Dade, the neighborhood has quickly evolved into an ideal live-work-play environment.
Original article by Myles Stepner via LinkedIn | September 14, 2018the next hot miami sUbmarKet
This market is poised to grow from 1,300 units to 4,000 units by year end of 2022
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
SW 42 Ave
Douglas Rd
SW 27Ave
Red
Rd
Coral Way
Bird Rd
Grand Ave
SW 72 Street
US-1
S Dixie Hwy
SITEPonce de Leon Blvd
MERRICK PARK
MIRACLE MILE
31,500 vpd
40,000 vpd
19,800 vpd
86,50
0 vpd
COCOWALK
SUNSET PLACE
DOWNTOWNSOUTH MIAMI
DOWNTOWNCOCONUT GROVE
DOWNTOWNCORAL GABLES
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
gables stationPONCE DE LEON BLVD & S DIXIE HWY • CORAL GABLES, FL • 33133
Centre-Line Real Estate • 4770 Biscayne Blvd, Suite 920 • Miami, FL 33137 • centre-line.com
LEASING INFORMATION Lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
AVAILABLE
LEASED
COVERED WALKWAY
ABOVE PARKING & RESIDENTIAL
South Dixie Hwy
+/- 17,500 SF90,000 SF
Grand Ave
Ponce de Leon Blvd
81,500 VPD1
Ponce d
e Leon B
lvd
STAIRS
STAIRS
STAIRS
LOADING
OUTDOOR SEATING &PUBLIC ART DISPLAYS
LOADING LOBBY
LOADIN
G
LOADIN
G
RETAIL
RETAIL
RETAILRETAIL3,350 SF
RETAIL2,300 SF
5,200 SF 2,295 SF
3,500 SF
RETAIL
ELE
V.
ELEV.
ELE
V.
ELEV.
ELEV.
STAIRS
STA
IRS
ELEV.
ESCALATOR
ELEVATORS
STAIRS
PARKING GARAGEENTRY / EXIT
Leasing pLan
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
parKing pLans
RETAIL: 478 TOTAL SPACES RESIDENTIAL: 499 TOTAL SPACES
LeVeL 2
191 parKing spaCes
LeVeL 3
204 parKing spaCes
LeVeL 4
204 parKing spaCes
LeVeL 5
204 parKing spaCes
LeVeL 6
174 parKing spaCes
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
12
DEVELOPMENT OVERVIEW
MAY 2016
LEGENDRETAIL STOREFRONT
Retail StoRefRont
Ponce de Leon Blvd
To CocoWalk
South Dixie Hwy
81,500 vpd
Grand Ave
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
South Dixie Hwy
81,500 vpd
Grand Ave To CocoWalk
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
South Dixie Hwy
Le Jeune AvePonce de Leon Blvd
The Underline
21,100 vpd
31,000 vpd
81,500 vpd
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
gables stations dixie hwy & ponce de leon blvd • coral gables, fl • 33133
centre-line real estate • 4770 biscayne blvd, suite 920 • Miami, fl 33137 • centre-line.com
Leasing information lindsey Pankey305.576.9008 ext. 3lp@centre-line.com
Ponce de Leon Blvd
21,100 vpd