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MIAMI-In mid-May, the developers of the $140 million 396 Alhambra project, a two-tower office development in downtown Coral Gables, began phase II of their 268-square-foot development. The 15-story, 173,000-square foot tower, which is scheduled for completion in December 2011, has been pre-certified LEED-Gold. It is the first new Class A office building to be built in Coral Gables in years.


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