Miracle Mile's decade-long streetscape investment is now attracting genuine vertical development
Coral Gables launched a comprehensive streetscape overhaul of Miracle Mile and Giralda Avenue in 2016, widening sidewalks from 15 to 23 feet specifically to accommodate outdoor dining, switching from angle to parallel parking, and rebuilding the corridor as a genuinely more walkable, resilient public realm. That multi-year public investment is now visibly paying off in private development interest along and near the corridor. Seventeen Gables Residences, an eight-story, 117-unit condominium at 1715 Douglas Road near the intersection with 17th Street, within walking distance of Miracle Mile, secured a 60 million dollar construction loan from Dwight Mortgage Trust and broke ground, developed by BAM Development and Ascendra Capital.
Mixed-use activity along Miracle Mile itself continues with 93 Miracle Mile, a carbon-neutral project combining restaurants, retail, offices, and a rooftop terrace, and 200 and 230 Miracle Mile, a Terranova-led mixed-use redevelopment integrating retail, dining, and commercial space. Honest read: Coral Gables' Miracle Mile transformation was a genuine, decade-long public investment before it became a private development magnet, and a rendering brief for any nearby project can credibly reference this proven, already-successful streetscape as evidence of durable, walkable pedestrian demand rather than an unproven concept.