Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Terranova Makes Twelfth Acquisition on Coral Gables’ Miracle Mile
Terranova Corporation recently finalized its $6-million acquisition of 300 Miracle Mile, a prominent building on the corner of Miracle Mile and Salzedo Street, in Coral Gables. The acquisition brings to 12 the number of Miracle Mile buildings Terranova owns.
The seller, the Mildred Weissel Trust, purchased the property more than 70 years ago. The 5,950-square-foot building was long home to California Pizza Kitchen, which closed its doors in the wake of the pandemic.
Terranova chairman Stephen Bittel’s plans for the building call for bringing a high-profile restaurant tenant to the street.
“We are happy to continue to invest in Miracle Mile and bring new activity and opportunities to the downtown Coral Gables business district,” said Bittel. “Notably, this includes a variety of new restaurants opening at Terranova buildings, including Cortadito, Sushi Sake, and John Martin’s, and many others including Gramercy, Luca Osteria, Zitz Sum, Forte and Dickey’s BBQ Pit. “
- ◦Sale/Acquisition
