Coral Gables, Florida's 396 Alhambra Mixed-Use Complex Delivers 17,800 SF of Prime Retail and Restaurant Space
Storefronts along Restaurant Row account for largest contiguous retail block available in Coral Gables.
- Miami, FL (1888PressRelease) June 27, 2013 - The developers of 396 Alhambra, a new mixed-use development in Coral Gables, Florida, have delivered 17,800 square feet of prime street-level retail and restaurant space. Located in the heart of Downtown Coral Gables, 396 Alhambra offers retailers and restaurant operators an opportunity to tap into growing commercial, residential and tourism activity in the area.
396 Alhambra's retail space directly fronts Coral Gables' Restaurant Row district and is situated just one block from Miracle Mile. It is the largest contiguous block of retail and restaurant product now available in the Coral Gables Business District. The storefronts can be divided for multiple users ranging in size from approximately 1,600 to 17,800 square feet, with valet service and self-parking offered in the building's garage making it ideal for restaurant operators. An abundance of metered and municipal parking is available adjacent to 396 Alhambra and on surrounding streets.
The retail space is directly next to 396 Alhambra's two Class A office towers - which are 78 percent leased and will have a daily population of more than 900 employees once fully occupied - creating built-in demand for retail product. The building's tenant roster includes HBO Latin America, Diageo, Mondelēz International (Kraft), Millicom International Services, law firm Richman Greer, P.A., Banco Pichincha, CitiBank, N.A., and architecture firm RTKL Associates, among others.
Danet Linares and Andres del Corral of Blanca Commercial Real Estate are spearheading the retail leasing efforts on behalf of 396 Alhambra's developer, Agave Holdings, LLC.
"396 Alhambra is the largest mixed-use project to take shape in Coral Gables in years and this new retail space will extend Giralda Avenue's Restaurant Row westward," said Danet Linares, executive vice president of Blanca Commercial Real Estate, the development's exclusive leasing agent. "This area's emergence as a hotbed of commercial and residential growth makes these storefronts ideal for regional, national and multinational retailers and restaurateurs seeking a presence in one of Miami's top dining destinations."
Coral Gables has experienced significant growth in recent years. More than 231,000 people live within a three mile radius of 396 Alhambra, with the City's residential population generating an average household income of $125,899. More than 20 consulates and foreign government offices and more than 140 multinational corporations call Coral Gables home. The City's commercial population swells to approximately 32,000 employees daily, with nearly 1,000 people anticipated to work at 396 Alhambra once the building is fully occupied.
The new retail product at 396 Alhambra delivers just as Coral Gables welcomes a flurry of new retail and restaurant openings. Over the last year, the area has welcomed dozens of new eateries, including Cuban gastro-bar Bread + Butter; Spanish gastropub and lounge Bulla; traditional Cuban restaurant Azucar; and Swine Southern Table & Bar, the "pork-centric" sister restaurant to Miami Beach's Yardbird.
396 Alhambra's retail storefronts feature high ceilings, open air louvers, loading docks, and an air conditioned trash collection room. The property is located in close proximity to Miami International Airport, executive and workforce housing, and a number of major thoroughfares including SR-836 and US-1.
Learn more at www.396alhambra.com. For leasing information, please contact Danet Linares or Andres del Corral of Blanca Commercial Real Estate at (305) 577-8850.
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