Miracle Center is an architecturally distinctive building
located just outside the Coral Gables central business district
in the City of Miami. The Miracle Center was formerly an enclosed
shopping center and is comprised of 247,000 square feet of
gross leasable space and over 1,200 parking spaces on three
Swerdlow Group acquired the building in 2000 through
an affiliated real estate company and demolished the interior
space for redevelopment. The single tenant in the building,
Bally's Health Club, occupies approximately 36,000 square
feet. The building has large open floor plates, potential
for 20-foot clear heights and is ideally suited for "big-box"
retailers. The building can also be used as a corporate headquarters
for a large company looking to relocate in Miami.
A third development option is the redevelopment of Miracle
Center into a mixed-use project with ground floor retail,
large "New York-Style" lofts on the second and third
floors and condominiums in a 90,000 square foot residential
tower that can be added to the top of the parking deck.
Swerdlow Group recently completed the demolition and portions
of the pre-development work at the Miracle Center and now
offers the building for sale or joint venture.
Please click on the link below to view a copy of the Miracle
Center sales brochure.
[link to brochure]