Nearly 100,000 square feet leased on Miracle Mile

Nearly 100,000 square feet leased on Miracle Mile as Coral Gables draws new wave of tenants

Terranova Corporation, the largest landlord on Coral Gables’ Miracle Mile, has executed 17 new leases and one expansion totaling 96,791 square feet and more than $56 million in rent over the life of the agreements — a leasing pace that city officials and real estate observers say reflects a broader shift in South Florida’s commercial real estate market toward Coral Gables as a premier mixed-use destination.

The deals, completed over five months beginning in November 2025, span nine properties on and around Miracle Mile and Alhambra Circle and include a cross-section of restaurant, financial services, wellness, and flexible office tenants. Together they represent what Terranova’s leadership describes as a deliberate effort to reposition the corridor as an all-day destination capable of competing with Brickell and Miami Beach at a fraction of the cost.