Miami Home Foreclosures

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Overview

 

Home ForeclosureCoral Gables was one of the first planned communities, and prefigured the development of the gated community and the homeowners association. It is notorious for its aesthetic regulations. The city was developed by George Edgar Merrick during the Florida land boom of the 1920s. The city's architecture is almost entirely Mediterranean. By 1926, the city covered 10,000 acres, had netted $150 million in sales with over $100 million spent on development.

Merrick designed the downtown commercial district to be only four blocks wide and more than two miles long. The area is now serviced by a free trolley system that runs down Ponce de Leon Boulevard, the main artery disecting the business district. Merrick could boast that every business in Coral Gables was less than a two block walk. The old trolley system was replaced by the popularity of modern automobiles until a new free trolley system was initiated in November, 2003. Now, Coral Gables is known as a pedestrian-friendly destination. Located only four miles from Miami International Airport, the "City Beautiful" boasts more than 140 dining establishments and gourmet shops, plus many notable international retailers. Among the beautiful and distinctive landmarks in Coral Gables are the Venetian Pool, Douglas Entrance, the Biltmore Hotel, and many fine residences.

In 1925, roughly simultaneous to the founding of Coral Gables, the city was selected as the home to the University of Miami, which was constructed that year on 240 acres of land just west of U.S. Route 1, approximately two miles south of downtown Coral Gables.

Coral Gables is best known as home to the University of Miami, a recognized university that ranks academically among the top tier of U.S.-based colleges and universities, with particular national status in the fields of business, medicine, law, and music, in which the university is considered among the best in the nation.

The University of Miami also maintains one of the nation's most successful collegiate athletic programs. It has won repeated national championships in both Division I football (1983, 1987, 1989, 1991 and 2001) and baseball (1982, 1985, 1999 and 2001). Over the past 25 years, the University of Miami has been amongst the most successful Division I college football program in the nation, as its five national championships since 1983 are the most of any Division I university of the past quarter century).

The University of Miami also has graduated two Heisman Trophy winners, Vinny Testaverde (in 1986) and Gino Torretta (in 1992), and three of its former football players--Ted Hendricks, Michael Irvin, Jim Kelly and Jim Otto--went on, following highly successful National Football League careers, to be elected into the Pro Football Hall of Fame, the highest honor awarded a former NFL player. Currently, the University of Miami has more of its graduates playing in the NFL than any other U.S. college or university. For this reason, the "U" as its known to locals, will always be more recognized for its athletics instead of academics. The university's current president, Dr. Shalala, has the responsibility of changing this reality.

 

 



 

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