When a South Floridian thinks of The Collection, they think of Aston Martins, Ferraris, Maseratis and other high-end cars. However, public records show that The Collection might take on a new meaning based on December 2013 paperwork. It appears that Coral Gables Luxury Holdings closed on a 2.8 acre site to be developed next to the luxury auto dealership.
The Collection Residences are in planning stages in Coral Gables
The mixed-use project, which could wind up costing $84 million to build, was acquired for $27 million according to the Real Deal. The 10-story residential building will be designed by local powerhouse Arquitectonica and the renderings account for 270 high-end residences along with about 40,000 square feet of ground-floor retail space. As the Coral Gables real estate market heats up and more young professionals flock to the highly ranked community (which we reported on in late January), we look forward to being able to provide more luxury properties for our Jill Penman Group buyers. Stay informed on significant project milestones and reporting on the Coral Gables real estate market here on the blog.
Work with a Coral Gables specialist as you explore real estate opportunities in the lovely community, call today for a buyer or seller consultation with the Jill Penman Group at 305.807.9199. Our philosophy is that bigger is not better, better is better. We focus on the results that matter most to our clients and look forward to working with you.