Known as “The City Beautiful”, Coral Gables was developed by George Merrick during the 1920s. Although a quiet city, The Gables is filled with over 100 gourmet shops and dining establishments, and has a menagerie of renowned international retailers.
Miracle Mile is a half-mile stretch of Coral Way that is embedded in Downtown Coral Gables and is filled with high-end restaurants and luxurious retail boutiques. The Mile cuts through the City’s central business district and is a prime location for trendy nightlife. The Village of Merrick Park is another popular retail hub that offers a serene park environment filled with local restaurants and an assortment of designer shops.
The historical city is comprised of many unique landmarks including the Biltmore Hotel, Venetian Pool, the DeSoto Fountain, Matheson Hammock, and Fairchild Tropical Gardens.
Large companies, including Bacardi, Capital Bank Financial, Intelsat, Fresh Del Monte Prodce, MasTec, ExxonMobil, and American Airlines, have their headquarters located in Downtown Coral Gables. Several countries also have their consulates housed in the Gables, making the City a key location for international commerce.
The University of Miami, rate the best university in the State of Florida, is also located in Coral Gables. The University’s main campus spans 260 acres and has its own Metrorail stop and public bus stops. About 4,500 students live on-campus each year, most of which are international students or from other states. Surrounding establishments thrive from the 15,000 or more University students. Out-of-area students spent close to $200 million in the local economy in 2011. The University contributes more than $2 billion to the local and regional economy each year.