May 9th, 2017 4:41 PM by Nour Ailan
The The proposed retail site, the Shoppes at Coral Way, has excellent frontage directly on the 2700 block of Coral Way, a major thoroughfare between Coral Gables and Brickell/Downtown Miami. Currently the site is home to a Chase Bank, with over $171M in retail deposits, making it a top 3 bank branch in Miami-Dade County. The branch does close to 500,000 transactions per year. The newly constructed project has one of Floridas highest traffic Chase Bank locations and a single tenant Publix center located adjacent to the South. The newly built project has multiple points of ingress / egress and enjoys traffic counts of over 40,000 per day. Owner is seeking to pre-lease the retail and office spaces (site plan on next page) with an expected delivery date of mid-2016 or will also entertain a ground lease on the +/- 40,000 SF remaining land. Demographics include population of 253,443 and a median housing value of $354,541 within a 3 mile radius. Nearby tenants, highlighted in the above map, include Starbucks, Publix, Winn Dixie, Staples, CVS, Big Lots, Office Depot, GNC, McDonalds amongst many others.
Space Available 10,000 SFRental Rate Yr NegotiableSpaces 1Building Size 23,491 SFProperty Sub-type Retail (Other)Status Active
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