Case Study
Lifetime Living at Gables Station
Organization, acquisition, construction, financing, and co-development of the first fully integrated premium wellness lifestyle mixed-use project in the heart of Coral Gables, FL in partnership with Lifetime, Inc.
Details
Location: 251 S Dixie Hwy, Coral Gables, FL 33133
Status: Construction completed in 2021. Fully leased and operating above forecasted profit levels. Project sold and profits distributed.
Closing Date: Q4, 2016
Realization Date: Q3, 2022
Project Info
- Located at “the gateway” to Coral Gables, Fl at US 1 and Merrick Park
- The development is the first of its kind integrated and branded “healthy way of life” urban resort ever conceived and constructed as Lifetime Living
- Project includes: ~105K SF of highly visible retail, ~478K SF of market-rent multifamily inventory (~504 units), and a parking garage with almost 1000 spaces
- More than 25,000 square feet of exclusive Lifetime Work co-working space
- The project also includes the concurrent improvement of the area under the Metrorail (the “underline”) with garden areas and biking/running/walking paths, which will benefit both project residents and Coral Gables
- Exclusively branded by Lifetime Fitness with included memberships and amenities and integrated co-working space
- Tenants include Lifetime, Trader Joe’s, and award-winning restaurants
