Good news about Coral Gables real estate! A new $500 million Life Time-branded project was completed. Trader Joe’s will be a tenant, and it is expected to open in October. This incredible project features 1.2 million square feet and 14 stories.
This new Coral Gables real estate project features 495 luxury apartments, an 80,000 square foot athletic area, ground floor retail space, and a 25,000 square foot co-working area. Furthermore, rents for the apartments will range from $2,500 for a studio, to $6,500 for a three bedroom unit. In addition, there will also be penthouses for $8,500 per month.
Right now, the project is about 40% leased. However, there are still 292 units available. The units at this incredible project range from 436 square feet to 1,539 for the regular apartments. However, the penthouses are around $2,252 square feet.
Right now, Life Time has other South Florida projects in the pipeline. For example, they are planning locations in Palm Beach Gardens and The Falls. In addition, they also operate athletic resorts in Boca and Tampa.
Read full article here