251 S Dixie Hwy, Coral Gables
Gables Station is all approved and ready to start rolling with construction this year.
Three towers with about 120,000 square feet of lifestyle-oriented retail space, 500 residential units that include 66 furnished extended-stay hotel units, and open green space.
NP International paid more than $60 million for the 4.3-acre site at 251 South Dixie Highway in 2016. Developer Jeff Berkowitz, who previously planned to build a big-box retail building on the site, sold the property.
Also in 2016, Reynolds’ company secured approvals from the city of Coral Gables for a transit-oriented mixed-use project at the site. NP International agreed at the time to provide public benefits that include funding a portion of the Underline linear park and trail, ground level landscaping, funding the purchase of a trolley and it’s operating costs, and incorporating Bahamian building design.