Hines Pays 0M for Luxury Rental Complex in Coral Gables
Global real estate company Hines has paid $430 million for the 1.2 million-square-foot Gables Station development in Coral Gables, Fla., the compan...
Global real estate company Hines has paid $430 million for the 1.2 million-square-foot Gables Station development in Coral Gables, Fla., the company announced. Designed by Gensler, Gables Station is a luxury rental complex with 495 apartments, 25,000 square feet of coworking space and 80,000 square feet of health and fitness space, all centered around a shared outdoor area. The acquisition, which was made through Hines Global Income Trust (HGIT), marks one of the largest multifamily purchases in South Florida this year, in line with Harbor Group International's $400 million-plus acquisition of the 816-unit ParkLine Miami.