A 4-story Miracle Mile mixed-use tower has been planned for a 0.2-acre site located in Coral Gables, Florida. Last December, the Miami Beach-based developer, Terranova Corporation, purchased the property for $6.8 million. The site is currently occupied by a former 9,000-square-foot Pharmacy building, which Terranova plans to redevelop into a retail-and-office building.
However, the Miracle Mile tower development still requires certain city approvals and permits to move forward. If all goes as planned, the developers expected the construction to be completed within a year. The building’s proposed 4-story height was intentionally selected to match the Miracle Mile Overlay zone code. The Coral Gables City Commission put this measure in place last year to encourage commercial development, while also limiting overdevelopment.Â
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Development plans for the 93 Miracle Mile tower
Terranova has submitted plans for its 36,482-square-foot Miracle Mile tower development to the city. This will cover the development of a 6,700-square-foot ground floor restaurant, and a 9,700-square-foot retail component for floors 2 and 3. Followed by a 7,300-square-foot office space on the 4th floor. Additionally, it features a rooftop terrace, which extends from the facades and provides a trellis to support the suspended orchid garden.
Furthermore, the Miracle Mile tower development will incorporate carbon-neutral technologies to generate all the energy it needs to operate. This will involve the use of photovoltaic glass to capture solar energy, along with battery systems for storage. Additionally, energy-efficient AC and elevator systems will also be included as part of the installations.
The Miami-based Arqutiectonica handled the designs for the Miracle Mile tower. According to the architect, an abstract composition of solid and glass was used to create the material stone for the project. In other words, this high-performance glass will function as both an insulator and solar energy generator. The Spain-based Onyx Solar was contracted to supply the photovoltaic glass used for the project.
Terranova’s Chairman Stephen Bittel described Miracle Mile as a revolutionary project and a step towards managing the global climate crisis. Bittel said it would serve as a blueprint for other developers and city planners. But in addition to this, he said it would promote Coral Gable’s dignitaries as forward-thinking leaders in sustainable development.
