120 GIRALDA AVENUE PREMIER LOCATION ON RESTAURANT ROW
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1 120 GIRALDA AVENUE PREMIER LOCATION ON RESTAURANT ROW 120 Giralda Avenue provides a unique marketing opportunity, as it possesses a blend of property and market specific dynamics, which combine to create the foundation for a successful retail project. The layout of the property allows for flexible and creative use of the space to maximize retail exposure, experience and functionality. This combined with the recent redevelopment of Giralda Avenue, the cool street culture and identity on Restaurant Row in Coral Gables. avisonyoung.com
2 RESTAURANT ROW TENANTS 1. Talavera 2. La Dorada 3. Bangkok Bangkok 4. Pokebao 5. Vicolo Restaurant 6. Threefold Cafe 7. Spizzigo Restaurant 8. Lorenzo 9. Pasion del Cielo 10. GreenLife Organic Bistro 11. Beauty Salon 12. The Local Craft Food & Drink 13. Divino Ceviche 14. The Bar PONCE DE LEON BLVD GIRALDA AVE ARAGON AVE MERRICK WAY GALIANO ST MIRACLE MILE LOCATION Located between Ponce de Leon Boulevard and Galiano Street, Restaurant Row has more than a dozen restaurants and bars that are bringing culinary excellence and libations outdoors for diners to enjoy the Cool Street atmosphere. STREETSCAPE PROJECT DESCRIPTION The Miracle Mile and Giralda Avenue Streetscape project is underway. The goal of the project is to enhance the economic vitality of the Downtown Coral Gables district by transforming some of the City s main commercial streets, Miracle Mile and Giralda Avenue. The improvements are intended to provide a cohesive pedestrian-friendly experience with garden areas, outdoor dining, improved lighting, way finding, public art and more. PROJECT LIMITS The Miracle Mile improvements will be executed from the eastern side at Douglas Road (SW 37th Ave) to the western end at LeJuene Road (SW 42nd Ave). The Giralda Avenue improvements begin at Galiano Street on the east to Ponce de Leon Boulevard on the west. For more information
3 CORAL GABLES DEMOGRAPHICS 52,127 EST. POPULATION (2017) 54,423 PROJ. POPULATION (2022) 20,076 EST. HOUSEHOLDS (2022) $279M EST. FOOD & BERAGE EXPENDITURES (2017) $160,782 EST. AVG HOUSEHOLD INCOME (2022) 70,759 ADJ. DAYTIME DEMOS AGE 16+ (2017) 53,230 EST. TOTAL EMPLOYEES (2017)
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5 1 ST FLOOR PRICE UPON REQUEST SQUARE FEET: LEASE TYPE: ZONING: USE: 10,893 SF NNN CB RETAIL LANDLORD IS PREPARED TO CONSTRUCT PREMISES GIRALDA AVE THE GABLES MARKET HIGHLIGHTS 40 commercial and residential projects, 2,700 residential units, 1.5 million square feet of office space and 740 new hotel rooms Public transit, connect-ability, the Metrorail and City trolley routes from all over the city An affluent community, home to the region s wealthiest corporate citizens and foreign investors N
6 2 ND FLOOR PRICE UPON REQUEST SQUARE FEET: LEASE TYPE: ZONING: USE: 4,254 SF NNN CB RETAIL LANDLORD IS PREPARED TO CONSTRUCT PREMISES GIRALDA AVE GIRALDA PLAZA HIGHLIGHTS Giralda Plaza s evolution has begun and 120 Giralda is the catalyst to the future Walkable, vibrant, attractive streetscape with festive and communal feel A destination promenade pulling patrons from around the nation N
7 3 RD FLOOR PRICE UPON REQUEST SQUARE FEET: LEASE TYPE: ZONING: USE: 1,856 SF NNN CB RETAIL LANDLORD IS PREPARED TO CONSTRUCT PREMISES BUILDING HIGHLIGHTS GIRALDA AVE The anchor building on Coral Gables preeminent street Dynamic aesthetic presence w/ innovative restaurant and retail components Rooftop Garden will bring a distinguished characteristic not yet seen in the Gables history N
8 FUTURE DEVELOPMENTS Galiano 1091 Galiano Street 2. Ofizzina 1200 Ponce de Leon Boulevard 3. Antilla Grande Condos 20 Antilla Avenue 4. Casa Antilla Antilla Avenue 5. Villas at Salamanca 120 Salamanca Avenue 6. Casa Menores 108 Menores Avenue Zamora 232 Zamora Avenue 8. Villa Madeira 341 Madeira Avenue Majorca 301 Majorca Avenue Salzedo 2020 Salzedo Avenue 11. Colombus Center Phase II 100 Alhambra Circle 12. Giralda Place 2222 Ponce de Leon boulevard 13. Jimaca Condos 2800 S Douglas Road 14. The Plaza Coral Gables 3001 Ponce de Leon Boulevard 15. Four Points by Sheraton Coral Gables 3861 SW 40th Street 16. Berkshire Coral Gables 3880 Bird Road 17. Modera Douglas Station 3760 Bird Road 18. The Collection Residences 250 Bird Road 19. Merrick Manor 301 Altara Avenue 20. Laguna House 4220 Laguna Street 21. One Merrick Park 351 San Lorenzo Avenue 22. Merrick Park Hotel 4241 Aurora Street Ponce 4311 Ponce de Leon Boulevard 24. Gables Station 251 S Dixie Highway 25. Gables Point Plaza 280 S Dixie Highway 26. Gables Ponce III 366 Granello Avenue South Dixie 405 S Dixie Highway 1091 Galiano # of Residential Units: 26 1 Antilla Grande Condos Ofizzina # of Residential Units: 32 Office sf: 97,650 sf Villas at Salamanca # of Residential Units: Zamora # of Residential Units: 11 Villa Madeira # of Residential Units: Salzedo # of Residential Units: 214 Office sf: 48,000 sf 8 The Collection Residences # of Residential Units: 126 Retail sf: 42,060 sf Merrick Manor # of Residential Units: 227 Retail sf: 19,000 sf Laguna House # of Residential Units: 13 Retail sf: 3,565 sf One Merrick Park # of Residential Units: 13 Retail sf: 3,529 sf Gables Ponce III # of Residential Units: 204 Retail sf: 12,246 sf 405 South Dixie Retail sf: 11,005 sf Casa Antilla # of Residential Units: 44 5 Casa Menores 6 # of Residential Units: Majorca # of Residential Units: Columbus Center Phase II # of Residential Units: 200 Retail sf: 5,460 sf Giralda Place # of Residential Units: 33 Retail sf: 13,390 sf 13 Jimaca Condos # of Residential Units: 12 Retail sf: 3,356 sf The Plaza Coral Gables # of Residential Units: 136 Retail sf: 137,000 sf Four Points by Sheraton Coral Gables # of Hotel Rooms: Modera Douglas Station # of Residential Units: 262 Berkshire Coral Gables # of Residential Units: Ponce # of Residential Units: 8 Retail sf: 35,590 sf Merrick Park Hotel # of Hotel Rooms: Gables Station # of Residential Units: # of Hotel Rooms: 160 Retail sf: 86,176 sf Gables Point Plaza Retail sf: 8,646 sf
9 Myles Stepner Associate Joe Abood Senior Associate Donna Abood Principal, Managing Director - Miami donna.abood@avisonyoung.com David F. Spillers, SIOR Vice President david.spillers@avisonyoung.com THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.
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