The title of this blog is “More Development in South Miami,” but technically this is about Coral Gables. Specifically, I am going to tell you about a recent commercial sale along the north side of Sunset Drive, in the block immediately east of Red Road. That is where Ubiica and Maven Real Estate partnered to purchase a two-story office building at 1533 Sunset Drive, plus the 10,000 square foot parking lot across San Ignacio from that structure. The partnering businesses paid $8,700,000 for the properties. They also own 1541 Sunset Drive, a building that they purchased for $7,600,000 in December of last year.
Ubiica and Maven Real Estate plan on leaving the existing offices at 1533 and 1541 Sunset Drive intact and will demolish the parking structure behind 1541 and use the spaces behind both buildings to develop either multifamily housing or an assisted living facility. I am just guessing, but I would imagine that the Sunset Drive offices will eventually be replaced by something newer, even if they are just newer offices buildings. There is no word yet as to how high the city will permit the new structure to be, but it does allow for 128 units.
While this small stretch of Sunset and San Ignacio is technically in Coral Gables, its redevelopment is going to give the South Miami area a different look!
If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate
My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
Consistently in the top 10 company-wide at BHHS EWM Realty for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!
Don't hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, Berkshire Hathaway HomeServices EWM Realty.