Park Place I - Land Sale

JLL is pleased to exclusively present the opportunity to acquire Park Place I, a 0.70-acre development site improved with a vacant 25,467 SF, three-story office building located at 1500 Monza Avenue, Coral Gables, FL 33146 (the “Property” or “Site”).

The Site is located within the highly affluent City of Coral Gables and sits one block south of US 1, the main north/south thoroughfare connecting to major employment hubs including Brickell and Downtown Miami in under 20 mins. The Property’s unique location just off this corridor benefits from immediate access to some of the best demographics and demand drivers in Miami such as Shops at Merrick Park (6 min.), Dadeland Mall (6 min.), Biltmore Hotel (9 min.),and Miracle Mile (10 min.)

Established as one of the densest and wealthiest residential enclaves in Miami, Coral Gables boasts an average household income of $185,964 and is home to more than 120 multinational firms including household names such as Fresh Del Monte Produce, Bacardi, Hyatt, HBO Latin America, and American Airlines. The City is dotted with award winning hospitals and top-rated schools including the University of Miami.