gables station s dixie hwy & ponce de leon blvd coral gables, fl 33133

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2 January 28, 2019 property highlights Anchored by 4-story luxury fitness club totaling 90,000 sf 5 levels of parking with 977 spaces 500 residential units in 3 towers Retail GLA: ±125,000 sf Traffic counts: 81,500 vpd on S Dixie Hwy 21,100 vpd on Steps from The Shops at Merrick Park Adjacent to The Underline (see page 4) Avg HH income within 1 mile: $111,000 Over 2,300 residential units in the development pipeline in Merrick Park neighborhood Estimated Delivery: July 2020 neighboring tenants January 28, 2019 July 24, 2018

3 January 28, 2019 Grand Ave S Dixie Hwy

4 LOADING LOADING Bird Rd 40,000 vpd THE HENRY UNDER CONSTRUCTION 123 RESIDENTIAL UNITS MERRICK MANOR UNDER CONSTRUCTION 227 RESIDENTIAL UNITS Le Jeune Rd SHOPS AT MERRICK PARK UNDERLINE GABLES PONCE III SITE US-1 ABOUT THE UNDERLINE UNDER CONSTRUCTION 204 RESIDENTIAL UNITS 31,500 vpd SW 42 Ave LOADING 90,000 SF UNDERLINE OUTDOOR SEATING & PUBLIC ART DISPLAYS LOADING LOBBY ELEVATORS 3,350 SF 3,500 SF 2,300 SF PARKING GARAGE 5,200 SF ENTRY / EXIT 2,295 SF S Dixie Hwy Grand Ave ESCALATOR 81,500 vpd +/- 17,500 SF The Underline, which broke ground late-2018, is a 10-mile linear park that will run underneath the Metrorail from Brickell to Dadeland South. A safe and inviting transit corridor for pedestrians, cyclists, and public transit riders, the Underline will promote more compact and walkable neighborhoods. Gables Station will be connected to the trail with an expansive courtyard and activated space. The concept will get building residents out to the Underline, and Underline users to the retail. 16,100 vpd 21,100 vpd UNDERLINE

5 Merrick Manor OPENS Q # of Units: ,000 SF Retail The Henry EST COMPLETION: Q # of Units: ,600 SF Retail Laguna House PLANNED # of Units: 13 3,565 SF Retail One Merrick Park PLANNED # of Units: 13 3,529 SF Retail Gables Ponce III APPROVED # of Units: ,246 SF Retail 405 South Dixie PLANNED 11,000 SF Retail Berkshire Coral Gables COMPLETED 2014 # of Units: 276 Merrick Park Hotel PLANNED 135 Hotel Rooms Gables Pointe Plaza PLANNED 8,646 SF Retail Shipping Ave Apts PROPOSED # of Units: Ponce PROPOSED # of Units: 8 30,000 SF Retail 50,000 SF Office Gables Station EST COMPLETION: MID-2019 # of Units: ,000 SF Retail 135 Grand PROPOSED 50,000 SF Office Modera Douglas Station COMPLETED 2015 # of Units: 262 (PHASE I) Modera Douglas Station COMPLETED 2018 # of Units: 181 (PHASE II) Link at Douglas APPROVED # of Units: 1, ,873 SF Office Platform 3750 PROPOSED # of Units: 192 This market is poised to grow from 1,300 units to 4,000 units by year end of 2022 The next hot Miami submarket Original article by Myles Stepner via LinkedIn September 14, 2018 PRESENT DAY - VILLAGE OF MERRICK PARK In recent years, Coral Gables has carefully managed a historic development boom. Major improvements have dramatically enhanced Coral Gables Miracle Mile. Now, interest and development are shifting south towards the Village of Merrick Park. The projected increase in density for this micro area is startling. In 2008, this market was home to a mere 267 residences. Since the end of the most recent recession, 910 units were added. Over the next three years, seven projects presently in various stages of development are expected to add another 2,322 units. In addition to the new residences, 319 hotel rooms and 50,000 SF of office space are planned for the area, along with 225,000+ SF of retail. The Village of Merrick Park rates well regarding connectivity and walkability. The area s central location allows residents convenient access to every major market in Miami-Dade County. With a walkability score in the 90s, the Village of Merrick Park is among Miami s most walkable markets. OUTLOOK By 2021, The Village of Merrick Park will be home to a staggering 3,538 multifamily units and 431 hotel units, placing it among Miami s densest submarkets. During the next three years, investors are projected to spend over $250 million on land acquisitions, with construction investment nearing $1 billion. Among the planned developments are the Link at Douglas by 13th Floor Investments and the Adler Group. With groundbreaking scheduled for early 2019, this development will be located on seven acres of surface parking lots at the Douglas Road Metrorail station and will include 970 residential units with a grocery store, a public plaza, retail and more. Another project is being built just down US-1 by NPI. NPI s development, Gables Station, will have a three-acre park, The Underline, running alongside its three towers, with a 90,000 SF Life Time Fitness serving as its anchor. The Village of Merrick Park provides everything today s residents want. Once an industrial section of Miami-Dade, the neighborhood has quickly evolved into an ideal live-work-play environment.

6 DOWNTOWN CORAL GABLES Coral Way MIRACLE MILE 31,500 vpd 40,000 vpd Bird Rd SW 27Ave Douglas Rd 19,800 vpd SW 42 Ave MERRICK PARK US-1 COCOWALK Red Rd Grand Ave S,5 00 SUNSET PLACE SW 72 Street 86 e ixi y Hw SITE DOWNTOWN COCONUT GROVE D d vp DOWNTOWN SOUTH MIAMI

7 LEASING PLAN Grand Ave 90,000 SF LOADING OUTDOOR SEATING & PUBLIC ART DISPLAYS LOADING LOBBY 3,350 SF 3,500 SF ELEVATORS 2,300 SF PARKING GARAGE 5,200 SF ENTRY / EXIT 2,295 SF LOADING LOADING ESCALATOR +/- 17,500 SF AVAILABLE LEASED COVERED WALKWAY South Dixie Hwy 1 81,500 VPD ABOVE PARKING & RESIDENTIAL

8 Parking plans : 478 TOTAL SPACES RESIDENTIAL: 499 TOTAL SPACES level PARKING SPACES level PARKING SPACES level PARKING SPACES level PARKING SPACES level PARKING SPACES

9 South Dixie Hwy 81,500 vpd Grand Ave To CocoWalk Retail Storefront

10 South Dixie Hwy 81,500 vpd Grand Ave To CocoWalk

11 South Dixie Hwy 81,500 vpd The Underline Le Jeune Ave 31,000 vpd 21,100 vpd

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13 21,100 vpd

14 s dixie hwy & ponce de leon blvd coral gables, fl 33146