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MG Developer and Vertical Developments Secure $100 Million Construction Loan for Alhambra Parc in Coral Gables

June 8, 2026

MG Developer and Vertical Developments have closed on a $100 million construction loan for Alhambra Parc, their landmark mixed-use development located in the heart of Coral Gables. The closing represents a significant milestone for Alhambra Parc and reinforces strong institutional confidence in the vision, execution, and long-term commitment to Coral Gables.

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In Commercial, Development, Development News, Banking, Coral Gables, Construction, Construction News, Construction Update, Finance & Banking, News, News & Features, Residential Tags News & Features, News, MG Developer, Vertical Developments, Finance, Financing, Finance & Banking, Banking, Lending, Construction Loan, Construction News, Construction Update, Construction, Alhambra Parc, Alirio Torrealba, Berkadia, Berkadia Miami, Scott Wadler, Benmark Capital, Mitch Sinberg, Matthew Robbins, Brad Williamson, Development, Development News, Residential, Commercial, Coral Gables, Featured
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MG Developer Breaks Ground and Launches Sales For 'The George', The Final Development in Biltmore Square in Coral Gables

October 29, 2025

MG Developer, has announced the official groundbreaking and sales launch of The George Residences, its final and most prestigious development in the award-winning Biltmore Square community. Located at 717 Valencia Avenue, this limited collection of 13 ultra-luxury townhomes marks the culmination of MG Developer’s decade-long vision to redefine luxury living in Coral Gables.

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In Coral Gables, Development, Development News, Development Sales, Construction, Construction News, Luxury Real Estate, News, News & Features, Residential Tags The George, The George Residences, Biltmore Square, MG Developers, MG Developer, Alirio Torrealba, 717 Valencia Avenue, Ryan Serhant, SERHANT. New Development, Pine Bay Capital, De La Guardia Victoria Architects & Urbanists, Maria de la Guardia, Coral Gables, News & Features, News, Development News, Development, Development Sales, Construction News, Construction, Groundbreaking, Luxury Real Estate
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MG Developer Locks Down $41 Million Construction Loan For The George Residences, The Final Development in Coral Gables' Biltmore Square

July 18, 2025

MG Developer has secured a $41 million construction loan from Pine Bay Capital to bring The George, its final and most prestigious project in Biltmore Square, to life. Located at 717 Valencia Avenue, this exclusive collection of 13 ultra-luxury townhomes represents the culmination of MG Developer’s transformative vision for Coral Gables.

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In Banking, Commercial, Coral Gables, Development, Development News, Finance & Banking, News, News & Features, Residential Tags News & Features, News, Residential, Commercial, Development, Development News, Banking, Finance & Banking, Finance, Financing, The George, Coral Gables, MG Developer, Construction Loan, Alirio Torrealba, 717 Valencia Avenue, Pine Bay Capital, Ryan Serhant, SERHANT, SERHANT. New Development, Featured
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MG Developer and Vertical Developments Reveal Alhambra Parc in Coral Gables

February 21, 2025

Miami-based real estate development firm MG Developer and co-developer Vertical Developments, have launched sales for Alhambra Parc, a highly anticipated mixed-use development in the heart of Coral Gables.

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In Development, Development News, Development Sales, Coral Gables, News, News & Features, Residential Tags MG Developer, Vertical Developments, News & Features, News, Coral Gables, ONE Sotheby’s International Realty, Alhambra Park, Development News, Development, Alirio Torrealba, Bellin & Pratt Architects, Residential, Fernando de Nunez, Development Sales, 33 Alhambra Circle, Alhambra Parc
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MG Developer and Prosper Group Acquire Waterfront Land For Mixed-Use Project in North Bay Village For $30.9 Million

October 10, 2024

MG Developer, led by Alirio Torrealba, in partnership with Prosper Group, led by Jay Roberts, acquired a development site for a mixed-use project on North Bay Village for $30.9 million. The acquisition includes two waterfront parcels totaling 42,750 square feet located at 1681 & 1725 Kennedy Causeway.

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In Commercial, Development, Development News, Development Sites, News, News & Features, North Bay Village Tags News & Features, News, Development News, Development, North Bay Village, Development Sites, Commercial, MG Developer, Alirio Torrealba, Propser Group, Jay Roberts, Featured, Diego Torrealba
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MG Developer Partners With Interior Designer Nina Takesh On 'The George' In Coral Gables

June 19, 2024

MG Developer, a leading real estate development firm headquartered in Coral Gables and Los Angeles based Nina Takesh, founder of the eponymous design firm Nina Takesh Designs, have formalized an agreement for “The George,” an ultra-luxury 13 townhome development.

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In Design, Development, Development News, News, News & Features, Residential, Coral Gables, Features, Featured Listing Tags News & Features, News, Development News, Development, Alirio Torrealba, Nina Takesh, The George, MG Developer, Coral Gables, Residential, Design, Interior Design, Featured
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Edgardo Defortuna, Bernardo Forte Brescia and Carlos Rosso speak on the Legends of Miami panel moderated by Demetri Demascus

Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

April 18, 2024

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon.

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In Commercial, Coral Gables, Development, Development News, Events, News, News & Features, PROFILE Event, PROFILEconnect, Residential, Past PROFILE Event Tags News & Features, News, Events, PROFILEconnect, A Night at the Museum, Coral Gables Museum, Coral Gables, Featured, Commercial, Development, Residential, Development News, Edgardo Defortuna, Bernardo Fort-Brescia, Carlos Rosso, Scott Wadler, Demetri Demascus, Katya Demina, Scott Sherman, Eduardo Otaola, Diego Torrealba, Alirio Torrealba, Constellation Group, MG Developer
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MG Developer Locks Down $11.5 Million Land Acquisition Loan And Reveals Plans For "The George" Luxury Townhomes

January 12, 2024

MG Developer, a leading real estate development firm led by Alirio Torrealba, has successfully closed a $10 million loan for the acquisition of prime land in Coral Gables. This strategic move is a testament to the visionary work of MG Developer which marks a significant milestone, as it sets the stage for the development of 13 more exclusive ultra-luxury townhomes.

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In Coral Gables, Development, Development News, News, News & Features, Commercial Tags MG Developer, Alirio Torrealba, The George, Development News, Development, Commercial, Coral Gables
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Alirio Torrealba of MG Developer talks with Demetri Demascus of PROFILEmiami at The Village at Coral Gables Showroom

PROFILE Exclusive: 12 Questions With Alirio Torrealba, MG Developer Founder and Coral Gables Visionary

October 10, 2023

PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”.

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In Commercial, Development, Development News, Interview, News, News & Features, PROFILE Exclusive, PROFILEcollective, Residential Tags News & Features, News, PROFILE Exclusive, October 2023, Residential, Commercial, Development, MG Developer, Alirio Torrealba, The Village at Coral Gables, Interview, PROFILE Studio, PROFILE Collective, Featured, Link In Bio
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George Merrick's 8th Village Comes to Life as MG Developer Breaks Ground on 'The Village at Coral Gables'

September 29, 2023

MG Developer, led by Alirio Torrealba, announces the successful groundbreaking ceremony and Harvest Festival for The Village at Coral Gables, the highly anticipated residential development that pays tribute to the aesthetic beauty and lifestyle of Seville, Spain, and continues the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.”

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In Coral Gables, Development, Development News, News, News & Features, Residential Tags News & Features, News, MG Developers, MG Developer, 504 Malaga Avenue, The Village at Coral Gables, Coral Gables, Alirio Torrealba, Groundbreaking, Development News, Development, Residential, Featured, September 2023, Link In Bio
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August 3, 2026
The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million
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A new, and final, oceanfront estate-style penthouse is up for grabs for $75 million at Rivage Bal Harbour, a 25-story, 56-residence tower developed by Related Group, Rockpoint, and Two Roads Development. A standout feature is its dedicated "Longevity Suite"— an in-home wellness wing anchored by an “Ammortal Chamber” and hyperbaric chamber, alongside a sauna, steam room, circadian lighting throughout the residence, advanced air and water purification systems, sleep-optimized bedrooms and more.

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