CORAL GABLESCORAL GABLES

The CityThe City BeautifulBeautiful

CORAL GABLES CORAL GABLES CITY PROFILECITY PROFILE

• Coral Gables is one Coral Gables is one of the most of the most prestigious prestigious communities in the communities in the United StatesUnited States

• The city boasts The city boasts international international sophistication, an sophistication, an affluent lifestyle, affluent lifestyle, and lush landscapes and lush landscapes

The Master PlanThe Master Plan

• The City was founded by The City was founded by George Merrick in the early George Merrick in the early 1900’s1900’s

• Merrick’s vision of Coral Merrick’s vision of Coral Gables as “The American Gables as “The American Riviera” has been ardently Riviera” has been ardently maintained maintained

• With a strong zoning code With a strong zoning code and an acute awareness of and an acute awareness of planning, the city assures planning, the city assures it’s quality and character it’s quality and character will endurewill endure

Location LocationLocation Location

• In the heart of Miami-In the heart of Miami-Dade County, Coral Dade County, Coral Gables is centrally Gables is centrally located to major located to major business and tourist business and tourist points of interestpoints of interest

• Tourists, residents and Tourists, residents and business travelers business travelers alike flock to Coral alike flock to Coral Gables year roundGables year round

DemographicsDemographics

• Number of Residents: 80,020Number of Residents: 80,020

• Employment: 40,000Employment: 40,000

• Average Household Income: $127,384Average Household Income: $127,384

• Median home values exceed $275,000Median home values exceed $275,000

• Education: over 50% of residents 25 Education: over 50% of residents 25 and older have a college degree; 25% and older have a college degree; 25% have a graduate or professional have a graduate or professional degreedegree

Coral Gables Coral Gables Business ProfileBusiness Profile

““CORPORATE CAPITAL OF THE CORPORATE CAPITAL OF THE AMERICAS”AMERICAS”

• Coral Gables is the Latin American or regional Coral Gables is the Latin American or regional headquarters to more than 175 multinational headquarters to more than 175 multinational companies and more than 21 Consulatescompanies and more than 21 Consulates

CENTER OF PROFESSIONAL CENTER OF PROFESSIONAL SEVICES AND ADMINISTRATIVE SEVICES AND ADMINISTRATIVE

OPERATIONSOPERATIONS• Coral Gables is home to major Coral Gables is home to major

multinational corporations, financial multinational corporations, financial institutions and law firmsinstitutions and law firms

• 3,800 businesses have a combined sales 3,800 businesses have a combined sales figure of $98 billionfigure of $98 billion;; 40,000 white collar 40,000 white collar employee base with median per capita employee base with median per capita incomes in excess of $60,000; total worker incomes in excess of $60,000; total worker population within three miles of downtown population within three miles of downtown Coral Gables exceeds 100,000Coral Gables exceeds 100,000

Office SpaceOffice Space

• 6.5 million square feet of prime office 6.5 million square feet of prime office space; 4.5 million square feet in space; 4.5 million square feet in downtown Coral Gables alonedowntown Coral Gables alone

Major Employers in Coral Major Employers in Coral GablesGables• ABC News, AT&T Americas, Adobe, Alcoa, ABC News, AT&T Americas, Adobe, Alcoa,

American Airlines, Apple Computers, Bank Boston American Airlines, Apple Computers, Bank Boston International, BBC, Club Med, Del Monte, Dow International, BBC, Club Med, Del Monte, Dow Jones, ExxonMobile, Carvajal International, Jones, ExxonMobile, Carvajal International, Chevron/Texaco, Fox News Latin America, Chevron/Texaco, Fox News Latin America, Goodyear, IBM, HBO, Hill & Knowlton, H.J. Heinz, Goodyear, IBM, HBO, Hill & Knowlton, H.J. Heinz, Time Magazine, United Airlines, Venevision, Wall Time Magazine, United Airlines, Venevision, Wall Street Journal and Yahoo Latin America, just to Street Journal and Yahoo Latin America, just to name a few of the more than 175 multinational name a few of the more than 175 multinational corporations, with over 42,000 executives and corporations, with over 42,000 executives and corporate employees coming to work in the city corporate employees coming to work in the city each dayeach day

See City of Coral Gables Website at See City of Coral Gables Website at http://www.coralgables.com/CGWeb/businesses.aspxhttp://www.coralgables.com/CGWeb/businesses.aspx

Coral Gables Retail ProfileCoral Gables Retail Profile

The LifestyleThe Lifestyle

• Retail stores in Retail stores in Coral Gables Coral Gables concentrate on concentrate on home and lifestyle home and lifestyle formats formats

• Luxury, Culture and Luxury, Culture and Comfort are the Comfort are the driving themes driving themes throughout Coral throughout Coral Gables RetailGables Retail

NICHE MARKETSNICHE MARKETS

• The Good Life stage - Mortgage-free empty-nesters with high The Good Life stage - Mortgage-free empty-nesters with high disposable income and many leisure-time activities. disposable income and many leisure-time activities.

• Working Women/Two Career families - Time-sensitive shopper, Working Women/Two Career families - Time-sensitive shopper, discriminating and heavy purchaser of beauty and fashion discriminating and heavy purchaser of beauty and fashion services services

• Grey Market - Stable, frequent shoppers, often purchase Grey Market - Stable, frequent shoppers, often purchase children's and recreation-oriented products. children's and recreation-oriented products.

• Hispanic Market - Loyal consumers, well-traveled, spend heavily Hispanic Market - Loyal consumers, well-traveled, spend heavily on children's products on children's products

• Young Married Affluent - Culturally-oriented, well-traveled, Young Married Affluent - Culturally-oriented, well-traveled, multilingual, interested in antiques, period decor and fashion multilingual, interested in antiques, period decor and fashion forward forward

• Bridal - Looking for unique designs in gowns and jewelry, heavy Bridal - Looking for unique designs in gowns and jewelry, heavy purchasers and receivers of china, crystal and home.purchasers and receivers of china, crystal and home.

see City of Coral Gables website at: see City of Coral Gables website at: http://www.coralgables.com/CGWeb/dep_dev_retail.aspxhttp://www.coralgables.com/CGWeb/dep_dev_retail.aspx

Market FlexibilityMarket Flexibility

• Coral Gables has nine retail Coral Gables has nine retail districts catering to a wide districts catering to a wide range of shoppers and range of shoppers and offering everything from offering everything from value-priced goods to luxury value-priced goods to luxury items. Recently, Coral Gables items. Recently, Coral Gables has drawn several national has drawn several national developers and retailers to developers and retailers to the area, resulting in exciting, the area, resulting in exciting, new retail offerings and new retail offerings and projects.projects.

see City of Coral Gables website at: see City of Coral Gables website at: http://www.coralgables.com/CGWeb/dep_dev_retail.ashttp://www.coralgables.com/CGWeb/dep_dev_retail.aspxpx

• CORAL GABLES NINE RETAIL DISTRICTSCORAL GABLES NINE RETAIL DISTRICTS• 1 - Flagler Street and North Ponce De Leon 1 - Flagler Street and North Ponce De Leon

Boulevard. Boulevard. • 2 - Southwest 8th Street between Red Road 2 - Southwest 8th Street between Red Road

and LeJeune Road. and LeJeune Road. • 3 - North Ponce De Leon Boulevard between 3 - North Ponce De Leon Boulevard between

8th Street and Navarre. 8th Street and Navarre. • 4 - Central Business District (CBD) Navarre 4 - Central Business District (CBD) Navarre

to Palermo between Red Road and Douglas to Palermo between Red Road and Douglas Road. Road.

• 5 - Downtown and Miracle Mile (BID) Coral 5 - Downtown and Miracle Mile (BID) Coral Way between LeJeune and Douglas Road Way between LeJeune and Douglas Road north to Aragon, south to Andalusia. north to Aragon, south to Andalusia.

• 6 - Design District south of Bird Road to 6 - Design District south of Bird Road to Dixie Hwy between LeJeune Road and Ponce Dixie Hwy between LeJeune Road and Ponce De Leon Blvd including Village of Merrick De Leon Blvd including Village of Merrick Park. Park.

• 7 - Booker and Grand Avenue south of Dixie 7 - Booker and Grand Avenue south of Dixie Hwy (US1) west of Douglas Hwy (US1) west of Douglas

• 8- Dixie Hwy (US1) between Cabellero 8- Dixie Hwy (US1) between Cabellero Boulevard and Riviera Drive. Boulevard and Riviera Drive.

• 9 - East of Red Road and north of Sunset 9 - East of Red Road and north of Sunset Drive south of Dixie Hwy (US1) to south Drive south of Dixie Hwy (US1) to south Alhambra CircleAlhambra Circle..

Current Retailers in Coral Current Retailers in Coral GablesGables

• Neiman MarcusNeiman Marcus• Tiffany & Co.Tiffany & Co.• Williams-SonomaWilliams-Sonoma• StarbucksStarbucks• NordstromNordstrom• Barnes and NobleBarnes and Noble• Radio ShackRadio Shack• Burberry Burberry • CoachCoach• GucciGucci

Consumer AppetiteConsumer Appetite

• Last year, more than $1.1 billion in retail sales Last year, more than $1.1 billion in retail sales were generated in Coral Gables, which now has were generated in Coral Gables, which now has a vacancy rate less than five percent. a vacancy rate less than five percent.

• Total Avg Household Expenditure: $76,199Total Avg Household Expenditure: $76,199• Total Avg Retail Expenditure: $32,339Total Avg Retail Expenditure: $32,339• Average Household Income $127,387Average Household Income $127,387

Retail SpaceRetail Space• Over 2 million square feet of retail space Over 2 million square feet of retail space

with an additional 600,000 square feet in with an additional 600,000 square feet in the pipelinethe pipeline

Mixing It UpMixing It Up

• Mixed-use Mixed-use developments developments continue to spring up continue to spring up around Coral Gablesaround Coral Gables

• Coral Gables also Coral Gables also boasts an impressive boasts an impressive mix of national, mix of national, international and local international and local tenants, both tenants, both residential and residential and commercialcommercial

Coming SoonComing Soon

• Currently there are over 40 commercial Currently there are over 40 commercial development and residential projects the pipeline development and residential projects the pipeline in Coral Gables in both office and retail. in Coral Gables in both office and retail.

• According to the City of Coral Gables Building and According to the City of Coral Gables Building and Planning Department, over 600,000 square feet Planning Department, over 600,000 square feet of retail space is under construction and in the of retail space is under construction and in the planning stages.planning stages.

Recreation AboundsRecreation Abounds

• Fairchild Tropical Fairchild Tropical GardensGardens

• Matheson Matheson HammockHammock

• WaterwaysWaterways

• Golf CoursesGolf Courses

• City ParksCity Parks

• The Venetian PoolThe Venetian Pool

Gastronomical DelightsGastronomical Delights

• Over 120 restaurantsOver 120 restaurants• Cuisines from the four corners of the globeCuisines from the four corners of the globe• Internationally acclaimed chefsInternationally acclaimed chefs• Close to $120 million dollars was spent in food Close to $120 million dollars was spent in food

and beverage sales in 2004and beverage sales in 2004

Culturally SpeakingCulturally Speaking

• THEATRE:THEATRE: Actors' Playhouse at the Miracle Actors' Playhouse at the Miracle TheatreTheatre

• ART GALLERIES:ART GALLERIES: Coral Gables International Art Coral Gables International Art Center Center

• WINE TASTINGSWINE TASTINGS• INTERNATIONAL CUISINEINTERNATIONAL CUISINE• NIGHTLIFENIGHTLIFE• MUSEUMS AND CULTURAL CENTERSMUSEUMS AND CULTURAL CENTERS

KERDYK KNOWS CORAL KERDYK KNOWS CORAL GABLESGABLES

• Kerdyk Real Estate, the oldest real estate Kerdyk Real Estate, the oldest real estate brokerage in Coral Gables, has been brokerage in Coral Gables, has been involved in commercial real estate since involved in commercial real estate since 19261926

• With its great tradition of services and With its great tradition of services and state of the art technology, Kerdyk Real state of the art technology, Kerdyk Real Estate has become one of the most Estate has become one of the most successful and respected commercial real successful and respected commercial real estate firms in South Floridaestate firms in South Florida

CreditsCredits

• City of Coral Gables and the City of City of Coral Gables and the City of Coral Gables website: Coral Gables website: www.coralgables.comwww.coralgables.com

• Business Improvement District of Business Improvement District of Coral Gables: Coral Gables: www.shopcoralgables.comwww.shopcoralgables.com

• Robin Burr, Pedestrian Pocket Guide Robin Burr, Pedestrian Pocket Guide to Coral Gables, Florida: to Coral Gables, Florida: www.pedestrianguides.comwww.pedestrianguides.com