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n Coral Gables, Florida, The Plaza Coral Gables is a vibrant hub where residents, professionals, and families converge in a thoughtfully designed mixed-use development. Tree-lined paseos, outdoor spaces with iconic art installations, and sleek office towers create an effortless blend of work, life, and leisure.

    Mixed-use developments like The Plaza are redefining urban landscapes by integrating diverse elements into cohesive spaces. This approach creates thriving communities that offer convenience, engagement, and sustainability while diversifying revenue streams. By interweaving multiple uses, mixed-use developments can mitigate risks tied to any single asset class, ensuring resilience in fluctuating markets.

    The Plaza Coral Gables is a prime example of how underutilized urban spaces can transform into dynamic hubs. Spanning seven acres in South Florida, the $700 million project includes two Class A office towers, luxury multifamily properties, retail and dining venues, a hotel, and expansive green spaces. Its early success has delivered impressive results: over 99% office occupancy, 96% multifamily occupancy with a waiting list, and 3,000 daily visitors.

    The Plaza reflects a broader movement in real estate where dynamic mixed-use developments are reshaping entire cities. Urban hubs and sports arena-anchored developments are reimagining the model to maximize engagement. For office markets, mixed-use developments provide a compelling solution to post-pandemic challenges by offering amenity-rich spaces that rival remote work.

    Managing mixed-use properties requires complex thinking that goes beyond usual methods. Property managers act as the connective tissue, anticipating challenges and aligning stakeholders across asset types to deliver a cohesive experience. Activation – through curated events, exclusive programming, and unique amenities – brings spaces to life and encourages people to stick around longer.

    To ensure long-term success, mixed-use property managers and owners should prioritize four strategies: curating and activating the right mix of tenants and programming, streamlining operations for efficiency and tenant satisfaction, planning for future market trends and demand, and fostering strategic partnerships with experienced managers. By combining intentional design, curated activation, and seamless management, mixed-use developments like The Plaza Coral Gables are reshaping urban living and redefining the future of thriving, resilient communities.