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Berkadia is pleased to exclusively offer the unique opportunity to acquire a 1.48-acre site in Coral Gables, located at 110 Phoenetia Avenue, Coral Gables, FL 33134, with existing plans for a 200-unit development. Coral Gables’ major demand drivers, such as Miracle Mile and its 6M+ SF Class A office market, are within walking distance, as the property is located 200 feet from Ponce de Leon (including the Gables Trolley stop at Phoenetia and Ponce), 10 blocks from the Alhambra office buildings and 14 blocks from the retail on Miracle Mile.
Coral Gables is one of the most sought-after submarkets in South Florida. USA Today has ranked the city within the Top 5 Most Beautiful Small Cities in America. Since its inception, the city has encouraged a Mediterranean-style architecture which has created picturesque residential and commercial districts that command and retain higher values for their owners. Moreover, Coral Gables is viewed as having high barriers to entry for a number of reasons. Opportunities to develop new residential units are limited and highly desired by investors.
The proposed development consists of 184 units and 16 live/work townhomes across 193,664 sellable SF (1,053 average unit size) over nine stories. In addition, plans call for a 5,000-square-foot school space within the condominium. The project will feature two open courtyard spaces, and 3,614 square feet of additional amenity space, and a ninth-floor pool deck. The project drawings have been approved by the City of Coral Gables' Board of Architects and Historical Board, and the site has been declared non-historical by the Court of Coral Gables. The developer's next steps involve progressing through planning and zoning processes and securing building department approvals to obtain permits. The offering documents include a zoning memo, recommending that buyers conduct their own independent use review.
THE Opportunity
110 PHOENETIA AVENUE CORAL GABLES, FL 33134
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
CHARLES FOSCHINI
Senior Managing Director 305.267.6608 charles.foschini@berkadia.com
SHANNON WILSON
Associate Director 786.646.2579 shannon.wilson@berkadia.com
MORTGAGE BANKING
Wouter Lips
Senior Financial Analyst
786.830.9002
wouter.lips@berkadia.com
Roberto Pesant
Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com
Yoav Yuhjtman
Senior Director
786.853.5555
yoav.yuhjtman@berkadia.com
David Greenburg
Financial Analyst
305.260.4973
david.greenburg@berkadia.com
Jaret Turkell
Senior Managing Director
561.573.6140
jaret.turkell@berkadia.com
Omar Morales
Director
305.878.2278
omar.morales@berkadia.com
INVESTMENT SALES
Miami
1111 Brickell Ave
Suite 1650
Miami, FL 33131
Boca Raton
5100 Town Center Circle Suite 550
Boca Raton, FL 33486
CONTACT US
110 PHOENETIA AVENUE CORAL GABLES, FL 33134
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1.48 Acres 64,336 SF 193,664 Sellable SF 16 Live/Work Townhomes 1,053 SF Average Unit Size 9 Stories 301 Parking Spaces
Property Information
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Christopher Apone
Managing Director 305.338.4464 christopher.apone@berkadia.com
