Gables One - Redevelopment Opportunity

1320 South Dixie Highway, Coral Gables, FL, 33146, US

Asset description

JLL is pleased to exclusively offer the opportunity to acquire Gables One Tower, a 12-story, 202,087 square foot office building on 2.99 acres within the preeminent City of Coral Gables featuring 400 linear feet along US-1 (South Dixie Highway). Directly across from the University of Miami, the Property occupies one of the best microlocations within the top Miami submarket. A recently constructed pedestrian bridge connects the Property with the University’s 38,000+ students/faculty as well as the University Metrorail Station, offering convenient public transportation to Miami’s bustling urban core.

Colloquially known as “The City Beautiful”, Coral Gables is one of the wealthiest residential pockets of the country, encompassing a diverse base of multi-national headquarters, 21 foreign consulates, award-winning hospitals, and nationally-ranked schools. The central, highly-visible location of Gables One supports market outperformance for a variety of uses and presents the singular opportunity to own a truly irreplicable piece of real estate.

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Attributes

Building area net

18,774 sm

Year built

1971

Land area gross

1.21 ha

Occupancy

1.5%

Media

Investment highlights

Irreplaceable redevelopment opportunity directly across from the University of Miami on US-1 in Coral Gables.
Opportunity to shape the development of one of Miami’s most iconic corridors.
Textbook transit-oriented development site with direct access to the University Station Metrorail Station via the UM Pedestrian Bridge.
Immediately adjacent to the market-setting Residences at THesis and THesis Hotel, and a slightly larger site.
12-story (140’) existing building with unique adaptive reuse / covered land play potential offered nearly vacant and free of long-term leases.