Coral Gables Approves $40M Bond for City Hall Restoration

Coral Gables has finalized financing for the restoration of its historic City Hall, approving a $40 million bond agreement with Thornton Construction as work begins this month on the nearly century-old landmark.

City Manager Peter Iglesias told commissioners the city conducted an extensive review of project costs and potential savings before moving forward with the financing plan, which combines the bond with cash on hand. Thornton Construction, which previously built the Minorca Garage for the city, will lead the construction effort.

The building at 405 Biltmore Way was constructed in 1928 by P.J. Davis Construction at a cost of $200,000 and designed by architects Phineas Paist and Harold Steward. The three-story structure features local limestone construction with a stucco exterior, Corinthian colonnade, and a prominent clock tower that includes a mural by Denman Fink, uncle of city founder George Merrick.

As construction begins, the city plans to install a project fence around the property featuring renderings of the restored building, intended to generate public interest and provide residents with a preview of the final design. The structure is listed on the National Register of Historic Places and sits at the western end of Miracle Mile.

R.J. Heisenbottle Architects, leading the restoration design, presented plans in February detailing the post-renovation layout. The first floor will house the city manager's and city clerk's offices. Elected officials and the City Commission chamber will occupy the second floor, while the Information Technology Department will be located on the mezzanine level. The third floor will accommodate the city attorney, the area's state representative, and Capital Improvement Plan offices.

Dagoberto Diaz, executive vice president at Thornton Construction, acknowledged the importance of the project and thanked city officials for the opportunity. He noted that the city manager had successfully negotiated cost savings during the planning process while maintaining the project's objectives.

The building represents a key element of George Merrick's vision to create a Mediterranean-inspired city when he founded Coral Gables. It has served as the seat of government for the municipality for nearly 100 years, making its restoration significant both historically and functionally for the community.

The restoration will preserve the architectural character of the landmark while updating its functionality for modern government operations. The project reflects the city's commitment to maintaining its historic assets while ensuring they remain serviceable for current and future needs.