Gensler


Hines Acquires Life Time Living-Branded 495-Unit Gables Station Residential Complex In Coral Gables

Hines Global Income Trust (HGIT), an investment arm of global real estate firm Hines, acquired Gables Station, a 14-story multi-family complex designed by Gensler and located at 225 South Dixie Highway in Coral Gables, for $430 million. The development, which completed construction last year, features 495 Life Time Living® residences. This acquisition is the second largest single-asset multifamily sale in South Florida, reaffirming HGIT’s and Hines’ bullish stance on the future of the market. Since the pandemic, Hines has committed approximately $1.8 billion across three prime developments and acquisitions in South Florida. Willowick Residential, Hines’ boutique multifamily property management firm, will assume the role as property manager for the asset.

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L&L Holding & Carpe Real Estate Announce 1-Million-Square-Foot Project Following The Acquisition Of A 3-Acre Development Assemblage In Wynwood

L&L Holding Company (L&L) and Carpe Real Estate Partners (CREP) have announced that they have successfully completed the acquisition of a 3-acre assemblage for the creation of The Wynwood Plaza, a one-million square-foot multi-building mixed-use development that will bring new office, residential, retail and outdoor space to Miami’s booming Wynwood Arts District. Formerly known as 29N, the project is designed by world-renowned architecture firm Gensler and will become a major attraction and destination for Wynwood. Plans for projected to yield 260,000 square feet of office space, 509 residential units, array of indoor and outdoor dining and shopping options, a beautifully landscaped 25,000 square-foot outdoor public plaza and a parking garage with 668 car spaces and 954 bike spaces

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Life Time Coral Gables. Designed by Gensler.

1.2-Million-Square-Foot ‘Life Time Coral Cables’ Mixed-Use Development Reaches Completion And Opens To The Public

Minnesota-based Developer Nolan Reynolds International (NRI) and health club chain Life Time Fitness have reached completion on Life Time Coral Gables, a 1.2-million-square-foot mixed-use project at 237 South Dixie Highway and 225 South Dixie Highway in Coral Gables, Florida. Designed by Gensler, the $500 million development rises 14-stories and sits parallel to train tracks leading up to the nearby Douglas Road Metrorail Station, yielding 495 high-end luxury apartments, an 80,000-square-foot athletic resort, 25,000 square feet of co-working office space and 105,000 square feet of ground floor retail. 

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