Constellation Group and The Boschetti Group Complete 4225 Ponce, Coral Gables' Newest Boutique Class A Office Property

Constellation Group, in partnership with The Boschetti Group, celebrated the completion of 4225 Ponce, a new eight-story, boutique Class A office and retail development located at 4225 Ponce de Leon Blvd in Coral Gables, during an exclusive unveiling event for VIP guests on February 26.

Designed by internationally renowned architecture firm Arquitectonica, the 84,000-square-foot luxury office property reflects a broader evolution in workplace preferences that accelerated post-2020 – favoring smaller, design-forward office environments in suburban, amenity-rich districts with direct access to public transit. The property sits directly across from the Shops at Merrick Park and three blocks from the Douglas Station Metrorail.

The property is over 50% leased to high-profile tenants including UBS Group, which signed a long-term lease for 33,180 square feet spanning two floors in late 2024, and Enne, an internationally renowned luxury furniture brand whose flagship Miami showroom will occupy the property’s 6,000-square-foot ground-floor retail space. CBRE’s Cameron Tallon, Eric Groffman and Randy Carballo are leading the leasing effort.

4225 Ponce delivered amidst the continued migration of millionaire and billionaire business moguls from high-tax states to well-established, family-friendly residential enclaves like Coconut Grove, where smaller office properties are in high demand.

“4225 Ponce reflects the way today’s executives want to work,” said Eduardo Otaola, Managing Principal of Constellation Group. “Miami’s rapid growth in human capital and high-net-worth residents have created demand for a more curated office experience — one that prioritizes quality over scale. Today’s leaders are seeking environments that are intentional, discreet, and seamlessly connected to where they live and how they move throughout their day."

“The overwhelming response to 4225 since opening in January confirms that the ‘flight to quality’ isn't just a trend—it’s the new standard for Miami’s office landscape,” added CBRE’s Cameron Tallon. “We are seeing a specific 'migration of wealth' from cities such as New York, Chicago and California, and these type of high-net-worth individuals and boutique firms prioritize privacy, service, and location. These tenants seek more than just a traditional space for a few offices and desks; they want an office that functions as a natural extension of their lifestyle and a space to entertain friends and clients. 4225 was thoughtfully designed and developed for this caliber of user. When the lease-up is complete, we believe 4225 will ultimately have one of the best tenant rosters in Miami.”

Located at 4225 Ponce de Leon Blvd., the property features four levels of boutique office space and a penthouse floor with views of Biscayne Bay, along with best-in-class amenities including private terraces, a covered pedestrian paseo with valet service, on-site structured parking, dedicated office elevators, and electric vehicle charging stations. Within an eight-minute walk of the Metrorail, 4225 Ponce offers seamless connectivity to downtown Miami, Brickell, and beyond.

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CONSTELLATION GROUP BEGINS CONSTRUCTION ON UPSCALE OFFICE AND RETAIL DEVELOPMENT IN CORAL GABLES

Constellation Group, a Miami-based commercial real estate investment and development firm, along with The Boschetti Group, have broken ground on their Class A+ boutique office and retail project at 4225 Ponce de Leon Blvd in South Florida's renowned “City Beautiful.” This transformative development is poised to elevate the heart of Coral Gables' Merrick Park district, the region’s premier shopping and entertainment destination. The project is slated for completion in 2025 and recently locked down a $33 million construction loan from Miami-based Banesco USA and Abanca.

A groundbreaking ceremony was attended by members of the Constellation and Boschetti Group teams; Coral Gables Mayor Vince Lago; representatives from Banesco USA and Abanca, who provided the financing for the development; Arquitectonica; and Burke Construction.

“This is a very proud moment for us as we come one step closer to developing a best-in-class office destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a boutique-style building with modern office spaces and enticing amenities within a highly coveted location."

The eight-story property, strategically located in Coral Gables' shopping district, will span 85,000 square feet and is situated between 4225 and 4311 Ponce de Leon Blvd. Renowned for its innovative designs, architectural firm Arquitectonica has crafted a luxury boutique-style Class A+ Office with 5,500 square feet of ground floor retail space, premier office space, parking, and a 6,000 square foot rooftop venue, which will offer stunning panoramic views of the city and accommodate a food and beverage venue. A pedestrian plaza and paseo on the ground floor offering valet service will enhance the overall experience for tenants and visitors alike.

The interiors are designed by Interior Architects, Inc. while Naturalificial, a leading landscape architecture firm, will design outdoor spaces that harmoniously blend nature and modernity.

Constellation Group Locks Down $33 Million Construction Loan For Office Development In Merrick Park

Constellation Group, a Miami-based commercial real estate investment and development firm, and The Boschetti Group have locked down a $33 million construction loan from Miami-based Banesco USA and Abanca, for its upcoming office and retail development located at 4225 Ponce de Leon Boulevard in South Florida’s renowned City Beautiful, Coral Gables. This Class A+ boutique office and retail development is poised to elevate the heart of Coral Gables' Merrick Park district, the premier shopping and entertainment destination in South Florida. Colliers, a renowned real estate services firm committed to delivering exceptional experiences, will be handling leasing for both the office and retail spaces.

"We are very excited about the latest milestone in creating 4225 Ponce. We are also proud of our partnership with Abanca and Banesco USA which has entrusted us to develop a Class A+ destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a well-located boutique-style Class A office building to Coral Gables in a complicated yet supply-constrained environment.”

The eight-story property, which is strategically located in Coral Gables’ premier shopping district, will be between 4225 and 4311 Ponce de Leon and will span approximately 85,000 square feet. Renowned for its innovative designs, the internationally renowned architectural firm, Arquitectonica, has designed the luxury boutique-style Class A Office to include 5,900 square feet of ground floor retail space, parking, 70,000 square feet of premier office space, and a 7,000 square foot rooftop food and beverage venue offering stunning panoramic views of the city.

“Given the area’s sustained economic vitality, Banesco USA remains bullish on South Florida and is excited to grow our portfolio with Constellation Group by providing the financing for 4225 Ponce,” said Amelia Rodriguez, Senior Vice President of Banesco USA. “Coral Gables is in the midst of a residential and commercial building boom that continues to attract more residents and businesses. 4225 Ponce will add new product to the market, merging innovative Class A+ office spaces with dynamic ground-floor retail offerings, poised to further enhance the City Beautiful’s standing as a premier business and cultural destination. Banesco USA is proud to play a role in making this vision a reality and look forward to financing more innovative projects like this one in the future.”

"We are delighted to collaborate with Constellation Group and Banesco USA on this transformative endeavor to reinvigorate The City Beautiful,” said Monica Vasquez, General Manager at Abanca. “This partnership reflects ABANCA's commitment to supporting visionary projects that not only redefine the urban landscape but also contribute to the cultural and economic vitality of the community, and we look forward to witnessing the positive impact it will have on Coral Gables' dynamic and vibrant atmosphere."

The project represents a significant revitalization initiative that is taking place around Coral Gables’ Merrick Park district, with a development plan that aims to elevate the business and consumer fabric of Coral Gables. The estimated groundbreaking date is set for Q4 2023 and is expected to be completed in 2025.

Interior Architects, Inc. is responsible for creating functional and aesthetically pleasing spaces within the building. Naturalificial, a leading landscape architecture firm, will design outdoor spaces to blend nature and modernity harmoniously.

Notable features include four stories of premier-class A+ office space, a rooftop restaurant offering panoramic views of the city, outdoor terraces on each floor, ground-floor retail spaces, and a 1,500-square-foot lounge. A covered pedestrian plaza and paseo on the ground floor will also offer valet parking service, enhancing the overall experience for tenants and visitors alike.