MG Developer and Vertical Developments Reveal Alhambra Parc in Coral Gables

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. Located at 33 Alhambra Circle, this sophisticated project seamlessly blends modern design, high-end amenities, and urban elegance, further enhancing the City Beautiful’s celebrated architectural landscape.

Prices for the residences start at $1.1 million, catering to discerning buyers who appreciate Coral Gables’ rich cultural heritage, walkability, and proximity to world-class dining, shopping, and entertainment venues. ONE Sotheby’s International Realty is the exclusive broker handling marketing and sales for Alhambra Parc.

Designed by Bellin & Pratt Architects, the eight-story, 170,000-square-foot development will feature 78 luxury residences, 13,000 square feet of office space, and nearly 18,000 square feet of ground-floor retail space. One-, two-, and three-bedroom units range from 860 sq. ft. to 2800 sq. ft. and offer expansive terraces.

“Coral Gables has always been a cornerstone of sophisticated living in South Florida,” said Alirio Torrealba, CEO of MG Developer. “With Alhambra Parc, we’re creating more than just residences; we are cementing a residential community that celebrates the city’s heritage while offering modern comforts and conveniences. That’s our signature mark and the legacy we will continue to leave behind 100 years from now.”

Developed by MG Developer , Alhambra Parc is a thoughtfully designed residential experience that will offer residents an exceptional selection of carefully curated amenities designed to elevate comfort and convenience. This includes two rooftop decks featuring a pool, spa, outdoor kitchens, a Paraiso Garden and yoga garden, and several serene green outdoor spaces on the top floor. Residents with children will also have access to a dedicated children’s playroom.

Alhambra Parc also features a state-of-the-art fitness center, a business center with coworking spaces, and a residents' lounge ideal for entertaining friends and families.

“This is a momentous occasion as we celebrate not only MG Developer’s 10th project in the City of Coral Gables, but also 10 years of development throughout South Florida,” said Diego Torrealba, Executive Vice President of MG Developer. “Alhambra Parc signifies an exciting transition from MG’s luxury townhome developments to vertical living that targets a younger demographic, allowing us to explore new market segments at an attractive price point.”

Just steps from Downtown Coral Gables and Miracle Mile, Alhambra Parc places residents at the heart of a thriving neighborhood rich in culture, fine dining, and entertainment.

“We’re thrilled to launch sales for Alhambra Parc, which represents a new chapter in Coral Gables living,” said Fernando de Nunez, CEO of Vertical Developments. “This project is about delivering a modern, luxurious lifestyle while staying true to the timeless architectural character of Coral Gables. It’s a unique opportunity for buyers to own in such a vibrant and dynamic location.”

“We are excited to collaborate with MG again on another exceptional development, and to introduce this landmark addition to Coral Gables’ legacy of luxury,” added Mayi de la Vega, Founder and CEO of ONE Sotheby’s International Realty. “With its prime location, timeless design, and thoughtful suite of amenities, Alhambra Parc will elevate the standard for luxury condominium living in one of Miami’s most sought-after addresses.”

For more information about Alhambra Parc or to inquire about purchasing a unit please fill out the form below:

MG Developers Receives TCO And 100% Sell-Out At 444 Valencia, Nears Completion On Biltmore Parc

MG Developer, a Coral Gables-based niche luxury boutique developer, has announced that 444 Valencia is the first of a number of their Coral Gables-based projects to secure TCO and is 100% sold out. The townhouse community is located at 444 Valencia Avenue, Coral Gables, and distinguishes itself through striking design elements in each residence. 444 Valencia was designed by Nelson de Leon at Locus Architecture, a well-recognized Coral Gables-based architecture firm. The project features 3- and 4-bedroom, three-story units that are approximately 4,500 SF, and priced from $1.8 to $2.2 million. Each unit includes a four-car garage, a feature that has proven very appealing to individuals with multiple, or ‘trophy,’ vehicles that must be garaged, among numerous other amenities.

Closely behind is Biltmore Parc, a 32-residence luxury condominium community located at 718 Valencia Avenue. Biltmore Parc has completed construction and is in the process of securing TCO. It is almost 50 percent sold. Biltmore Parc features 2- and 3-bedroom condominiums with dens, and large expansive terraces featuring Nanawall folding glass. It also offers owners a Premier Membership at the historic Biltmore Hotel’s club. T.A. Builder, a top general contractor based in Coral Gables, leads the high-level construction for Biltmore Parc, while Bellin & Pratt Architects, also based in Coral Gables, were the visionaries behind the architectural design. Artefacto provided the finishing touches and design for the development’s stunning lobby. Biltmore Parc is being marketed exclusively by Fortune International Realty.

“Reaching these important milestones, both for the remaining units at 444 Valencia and Biltmore Parc, reflects the demand for newer luxury niche products in Coral Gables,” said Alirio Torrealba, Chief Executive Officer of MG Developer. “We look forward to continuing the sales process with the now-completed Biltmore Parc. The decision to finalize construction before finalizing sales is an approach that we have embraced, and one that reflects our confidence in Coral Gables.”

“The suite of niche properties offered by MG Developer has something for every discerning buyer looking for a boutique-style luxury residence in the heart of the Gables, be it condominium or townhouse,” adds Jenny Ducret, Chief Operating Officer of MG Developer.  “All of our developments are within walking distance to many of the city’s historic attractions, as well as the main shopping and dining districts of Coral Gables.  We are confident that each of these developments meets the needs of those buyers looking for a home that provides ultimate luxury, comfort, and convenience in a beautiful city.”