After several years of work that included 20 public meetings, Coral Gables City Commission has approved The Mediterranean Village mixed use project. Approximately 6.74 acres - located a few blocks south of Miracle Mile and the central business district, the $500 million plan developed by Agave Ponce LLC , will include a high-end hotel, 300,000 square feet of office space, restaurants, retail, and a gym. It’s also expected to include 214 condo units and 15 townhouses, all of which will be located on the former Old Spanish Village site. Coral Gables officials pushed to have developers change the originally proposed cinema, daycare and a residential tower, reduce the size to about 1.1 million square feet, and redesign the hotel so the entrance is on Galiano Street in order to reduce the traffic on Ponce de Leon Boulevard. Other revisions included lower heights of many buildings, lower the mass of the project, and make some passageways more pedestrian friendly by removing paths for vehicular traffic.
BY: BEN MOSS
Estate Agent | ONE Sotheby's International Realty
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