A 10-story apartment and retail project at Southwest 27th Avenue and Coral Way in Miami.
A gas station and office building in the Coral Way neighborhood of Miami could be demolished to construct a mixed-use project.
The city’s Urban Development Review Board will consider plans for the 1.12-acre site at 2200 to 2222 S.W. 27th Ave. and 2720 S.W. 22nd St./Coral Way on March 15. Located at the southwest corner of the busy intersection, the property currently has a four-story office building of 33,245-square feet that was constructed in 1973, plus a 2,988-square-foot gas station.
Miami-based 27th Avenue and Coral Way LLC, owned by Pablo L. Cejas of Ascendant Commercial, acquired the property for $2.6 million in 2019 and subsequently rezoned the site.
The development plan calls for a 10-story building totaling 305,750 square feet, featuring 116 apartments, 10,100 square feet of retail and 291 parking spaces. There would be an amenity deck on the fourth floor with a pool, a lounge, a kid’s room, a gym, a yoga room and a game room, plus an amenity deck on the roof.
The apartments would range from 500 to 1,340 square feet. There would be 76 one-bedroom units, 70 two-bedroom units, and eight three-bedroom units.
Miami-based attorney Ben Fernandez, who represents the applicant, couldn’t be reached for comment.
Miami-based Anillo Toledo Lopez Architecture designed the project.
This would continue a trend in Miami-Dade County of older gas stations and office buildings being torn down in favor of predominantly multifamily projects to capitalize on surging rents for apartments.
By Brian Bandell – Real Estate Editor, South Florida Business Journal
Mar 13, 2023
