The new owners of Coral Gable's Sunset Place are planning to eliminate the mall and redevelop the property into new mixed-use hotel, residential and retail project. The new project will be designed by Zyscovich and will feature 414 residential units and 182 hotel room units. There will also be a pedestrian friendly retail portion with a public square, 30-foot tree lined sidewalks and shady canopy over storefronts. They plan for the store-mix to be more locally curated as opposed to that of standard, 1990 style national mall style chains. They plan to retain AMC Movie Theaters, LA Fitness and GameTime Arcade. The close proximity to transit such as the Gables-South Miami Line. Federal Realty Investment Trust, Grass River Property, and Comras Company purchased the property in 2015 for $110 million and will head-up the redevelopment efforts as they plan to breathe new life into the struggling landmark shops which are now very dated. Plans for the redevelopment effort were recently submitted to the city and they will have an initial public hearing before the city commission votes in early 2017. The partnership also purchased Coconut Grove's Cocowalk earlier this year and will submit plans for a complete makeover of that property as well.
