Written by: TFV-PR • October 2, 2022• Coral Gables

The First-Ever Carbon Neutral Mixed-Use Building on Miracle Mile

Located on the iconic street in Coral Gables, 93 Miracle Mile will be the first built under the new Miracle Mile Overlay Code. Spanning four stories of restaurant, retail, class-A office space and lush green roof, it will utilize cutting-edge sustainability architecture by world-renowned Arquitectonica

Terranova Corporation, a leading commercial real estate firm in South Florida with a portfolio nearing $1 billion in assets, and founder and chairman Stephen Bittel filed an initial application to develop a state-of-the-art mixed-use building at 93 Miracle Mile in Coral Gables. Designed by world-renowned architecture firm Arquitectonica, the building’s sustainability features include photovoltaic glass to harness solar energy, high-tech battery systems to collect and store energy to operate features like elevators and new A/C technology that uses 30% of what conventional air conditioners use. Each of 93 Miracle Mile’s advanced sustainable design features will make it the first carbon-neutral mixed-use development in the state of Florida. The goal is to be respectful of Coral Gables history while leading toward the future.

Aside from its sustainability features, 93 Miracle Mile’s curb appeal will compliment Coral Gables’ beloved design aesthetic without seeking any additional density, being respectful to the scale of Miracle Mile and Coral Gables’ history while leading toward the future. The planned 36,482 square foot building complies with Coral Gables’ new Miracle Mile Overlay zoning code, standing at four stories tall. The ground floor includes 6,707 square feet for a restaurant as well as separate entrance lobbies for the second and third floor’s retail space and the fourth-floor office. The second and third floors will hold 9,730 square feet of retail space each, the fourth floor will be designated for 7,305 square feet of office space and the rooftop is a terrace greenspace. This proposed building would be the first to be built under the new Miracle Mile Overlay code.

“93 Miracle Mile will be a revolutionary project, not only as a platform to champion Coral Gable’s dignitaries as forward-thinking leaders in sustainable development but also a blueprint for other developers and city planners as we face a climate crisis around the world,” said Stephen Bittel, founder and chairman of Terranova Corporation who’s leading the development. “The modern proposed structure respects the scale of Miracle Mile, and uses traditional stone materials on the exterior, while also incorporating the best environmental options for the future. Myself, Bernardo Fort-Brescia and the entire design team at Arquitectonica are not only focused on 93 Miracle Mile becoming completely carbon neutral but also respecting the recent zoning code at the highest level to make this a win for the city and residents of Coral Gables.”

“The building commands a prominent corner on miracle mile. The design uses a traditional material, stone in an abstract composition of solid and glass. The elements align with the multiple cornice lines of surrounding buildings, resulting in a unique geometry,” said Bernardo Fort-Brescia, principal of Arquitectonica. “The high-performance glass is not only insulating but also a solar energy generator. The roof top is an extension of the facades, creating a trellis to support a suspended orchid garden. The project combines sustainable practices and environmental awareness.”

Fort-Brescia continues, “From the urban design perspective, the building activates the street with retail and food and beverage offerings. The retail extends to the upper levels. The top floor is for corporate use, completing the mixed-use ambitions of a true downtown. All in all, this project combines sustainable, botanical and architectural ambitions.”

Construction of 93 Miracle Mile is expected to start as soon as city approvals and permits are obtained and will be delivered one year later. Over the years Terranova has grown to become the largest retail property owner on the coveted Miracle Mile, downtown Coral Gables’ historic four-block, pedestrian-friendly retail corridor in Miami’s densest downtown district. Through its continued development and investment in Coral Gables, the company will remain true to the model that has driven its success: focusing exclusively on identifying and seizing opportunities that bring value to its stakeholders and community.

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