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CORAL GABLES. The City Beautiful. CORAL GABLES CITY PROFILE. Coral Gables is one of the most prestigious communities in the United States The city boasts international sophistication, an affluent lifestyle, and lush landscapes. The Master Plan.

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Coral gables
CORAL GABLES

The CityBeautiful


Coral gables city profile
CORAL GABLES CITY PROFILE

  • Coral Gables is one of the most prestigious communities in the United States

  • The city boasts international sophistication, an affluent lifestyle, and lush landscapes


The master plan
The Master Plan

  • The City was founded by George Merrick in the early 1900’s

  • Merrick’s vision of Coral Gables as “The American Riviera” has been ardently maintained

  • With a strong zoning code and an acute awareness of planning, the city assures it’s quality and character will endure


Location location
Location Location

  • In the heart of Miami-Dade County, Coral Gables is centrally located to major business and tourist points of interest

  • Tourists, residents and business travelers alike flock to Coral Gables year round


Demographics
Demographics

  • Number of Residents: 80,020

  • Employment: 40,000

  • Average Household Income: $127,384

  • Median home values exceed $275,000

  • Education: over 50% of residents 25 and older have a college degree; 25% have a graduate or professional degree


Coral gables business profile
Coral Gables Business Profile


Corporate capital of the americas
“CORPORATE CAPITAL OF THE AMERICAS”

  • Coral Gables is the Latin American or regional headquarters to more than 175 multinational companies and more than 21 Consulates


Center of professional sevices and administrative operations
CENTER OF PROFESSIONAL SEVICES AND ADMINISTRATIVE OPERATIONS

  • Coral Gables is home to major multinational corporations, financial institutions and law firms

  • 3,800 businesses have a combined sales figure of $98 billion; 40,000 white collar employee base with median per capita incomes in excess of $60,000; total worker population within three miles of downtown Coral Gables exceeds 100,000


Office space
Office Space

  • 6.5 million square feet of prime office space; 4.5 million square feet in downtown Coral Gables alone


Major employers in coral gables
Major Employers in Coral Gables

  • ABC News, AT&T Americas, Adobe, Alcoa, American Airlines, Apple Computers, Bank Boston International, BBC, Club Med, Del Monte, Dow Jones, ExxonMobile, Carvajal International, Chevron/Texaco, Fox News Latin America, Goodyear, IBM, HBO, Hill & Knowlton, H.J. Heinz, Time Magazine, United Airlines, Venevision, Wall Street Journal and Yahoo Latin America, just to name a few of the more than 175 multinational corporations, with over 42,000 executives and corporate employees coming to work in the city each day

    See City of Coral Gables Website at http://www.coralgables.com/CGWeb/businesses.aspx



The lifestyle
The Lifestyle

  • Retail stores in Coral Gables concentrate on home and lifestyle formats

  • Luxury, Culture and Comfort are the driving themes throughout Coral Gables Retail


Niche markets
NICHE MARKETS

  • The Good Life stage - Mortgage-free empty-nesters with high disposable income and many leisure-time activities.

  • Working Women/Two Career families - Time-sensitive shopper, discriminating and heavy purchaser of beauty and fashion services

  • Grey Market - Stable, frequent shoppers, often purchase children's and recreation-oriented products.

  • Hispanic Market - Loyal consumers, well-traveled, spend heavily on children's products

  • Young Married Affluent - Culturally-oriented, well-traveled, multilingual, interested in antiques, period decor and fashion forward

  • Bridal - Looking for unique designs in gowns and jewelry, heavy purchasers and receivers of china, crystal and home.

    see City of Coral Gables website at: http://www.coralgables.com/CGWeb/dep_dev_retail.aspx


Market flexibility

Coral Gables has nine retail districts catering to a wide range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

see City of Coral Gables website at: http://www.coralgables.com/CGWeb/dep_dev_retail.aspx

CORAL GABLES NINE RETAIL DISTRICTS

1 - Flagler Street and North Ponce De Leon Boulevard.

2 - Southwest 8th Street between Red Road and LeJeune Road.

3 - North Ponce De Leon Boulevard between 8th Street and Navarre.

4 - Central Business District (CBD) Navarre to Palermo between Red Road and Douglas Road.

5 - Downtown and Miracle Mile (BID) Coral Way between LeJeune and Douglas Road north to Aragon, south to Andalusia.

6 - Design District south of Bird Road to Dixie Hwy between LeJeune Road and Ponce De Leon Blvd including Village of Merrick Park.

7 - Booker and Grand Avenue south of Dixie Hwy (US1) west of Douglas

8- Dixie Hwy (US1) between Cabellero Boulevard and Riviera Drive.

9 - East of Red Road and north of Sunset Drive south of Dixie Hwy (US1) to south Alhambra Circle.

Market Flexibility


Current retailers in coral gables
Current Retailers in Coral Gables range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Neiman Marcus

  • Tiffany & Co.

  • Williams-Sonoma

  • Starbucks

  • Nordstrom

  • Barnes and Noble

  • Radio Shack

  • Burberry

  • Coach

  • Gucci


Consumer appetite
Consumer Appetite range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Last year, more than $1.1 billion in retail sales were generated in Coral Gables, which now has a vacancy rate less than five percent.

  • Total Avg Household Expenditure: $76,199

  • Total Avg Retail Expenditure: $32,339

  • Average Household Income $127,387


Retail space
Retail Space range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Over 2 million square feet of retail space with an additional 600,000 square feet in the pipeline


Mixing it up
Mixing It Up range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Mixed-use developments continue to spring up around Coral Gables

  • Coral Gables also boasts an impressive mix of national, international and local tenants, both residential and commercial


Coming soon
Coming Soon range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Currently there are over 40 commercial development and residential projects the pipeline in Coral Gables in both office and retail.

  • According to the City of Coral Gables Building and Planning Department, over 600,000 square feet of retail space is under construction and in the planning stages.


Recreation abounds
Recreation Abounds range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Fairchild Tropical Gardens

  • Matheson Hammock

  • Waterways

  • Golf Courses

  • City Parks

  • The Venetian Pool


Gastronomical delights
Gastronomical Delights range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Over 120 restaurants

  • Cuisines from the four corners of the globe

  • Internationally acclaimed chefs

  • Close to $120 million dollars was spent in food and beverage sales in 2004


Culturally speaking
Culturally Speaking range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • THEATRE:Actors' Playhouse at the Miracle Theatre

  • ART GALLERIES:Coral Gables International Art Center

  • WINE TASTINGS

  • INTERNATIONAL CUISINE

  • NIGHTLIFE

  • MUSEUMS AND CULTURAL CENTERS


Kerdyk knows coral gables
KERDYK KNOWS CORAL GABLES range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • Kerdyk Real Estate, the oldest real estate brokerage in Coral Gables, has been involved in commercial real estate since 1926

  • With its great tradition of services and state of the art technology, Kerdyk Real Estate has become one of the most successful and respected commercial real estate firms in South Florida


Credits
Credits range of shoppers and offering everything from value-priced goods to luxury items. Recently, Coral Gables has drawn several national developers and retailers to the area, resulting in exciting, new retail offerings and projects.

  • City of Coral Gables and the City of Coral Gables website: www.coralgables.com

  • Business Improvement District of Coral Gables: www.shopcoralgables.com

  • Robin Burr, Pedestrian Pocket Guide to Coral Gables, Florida: www.pedestrianguides.com


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