Developers hope to get approval for a luxury housing development across from the University of Miami in Coral Gables. The Gables Waterway would rest on a 4.8-acre lot, offering 251 condos divided between a nine- and 13-story building.
The homes themselves would measure 1,000 to 3,569 square feet, offering one-bedroom to five-bedroom floorplans. They’re aimed at wealthy families moving to the area. There would eight private pools for penthouse owners.
Communal amenities at large would include a lounge, fitness center, and two swimming pools. In addition to the residences, the Gables Waterway would include 22,500 square feet of public park space, allowing both residents and visitors to enjoy views of the nearby waterway.
The community would require 514,750 square feet of new construction and would cost $150 million to complete. Miami-based Arquitectonica designed the project. Conceptual renderings show two high-rise buildings in a “signature Mediterranean style that’s popular in Coral Gables.”
The Gables Waterway will go before the Coral Gables Development Review Committee for approval on Friday. If the project gets the green light, the general contractor must demolish a mixed-use structure that was built on the property in the 1950s.
The Gables Waterway would be located at 6100 Caballero Blvd., Coral Gables, Florida, 33146, in Miami-Dade County.