Constellation Group and Ironwood Venture Group Complete Seaglass Cove In The Florida Keys

Constellation Group and Ironwood Venture Group have completed SeaGlass Cove, a 14-residence oceanfront community in Marathon, and the closing of an $8.46 million permanent loan from Centennial Bank. The financing replaces the project’s construction loan and marks SeaGlass Cove’s transition from development to a fully completed, move-in-ready residential community. With seven residences sold and seven remaining, the project is now 50% sold.

Set along the Atlantic Ocean, SeaGlass Cove features 14 three-story residences offering more than 4,800 square feet of indoor-outdoor living space with sweeping water views. Four- and five-bedroom floor plans include expansive great rooms, chef’s kitchens, spa-inspired bathrooms, generous owner and guest suites, private cabanas, covered terraces and two-car garages. Thoughtfully landscaped grounds connect the residences to a private white-sand beach, resort-style pool and community pickleball court.

Seven move-in-ready residences remain available for sale, including four turnkey furnished homes, one of which was professionally designed by award-winning luxury interior design firm Interiors by Steven G. Prices begin at $3 million.

The furnished residences allow buyers to begin enjoying the community immediately, while the ability to rent on a weekly basis provides additional flexibility for owners when they are not in residence.

“Now that SeaGlass Cove is complete, buyers and brokers can experience the full ‘barefoot-luxury’ vision firsthand—from the architecture, interiors and landscaping to the beach and waterfront amenities,” said Eduardo Otaola, Managing Principal of Constellation Group. “The response from those touring the finished community has been exceptional. With half of the residences sold, several turnkey homes available and the flexibility of weekly rentals, SeaGlass Cove offers a rare combination of immediate enjoyment, elevated design and ownership flexibility in the Florida Keys.”

The $8.46 million permanent financing from Centennial Bank closed following completion of construction and replaced the project’s construction financing. The transaction reflects SeaGlass Cove’s progression from active development to a completed residential community and provides a long-term financing structure as the project enters its next phase of sales and operations.

“SeaGlass Cove is a distinctive, well-executed development supported by experienced sponsors and the continued strength of the luxury residential market in the Florida Keys,” said David Druey, Regional President of Centennial Bank. “We are pleased to provide permanent financing and support Constellation Group as the completed community enters its next chapter.”

The residences pair Stone International cabinetry and KitchenAid appliances with spacious, functional layouts designed for effortless indoor-outdoor living. Expansive great rooms open to covered terraces, while private cabanas and outdoor living areas overlook the water. The architecture, interiors, landscaping and material palette have been carefully coordinated to create a cohesive resort-residential experience throughout the community.Located in the heart of the Florida Keys, residents enjoy access to a private white-sand beach, resort-style pool, pickleball court and a wide range of nearby boating, fishing, paddleboarding, snorkeling and other water activities.

SeaGlass Cove is located near Hawks Cay Resort and Marina, Coffins Patch Reef—known for its coral formations and lobstering—and The Lagoon, a popular destination for wakeboarding and other water-based recreation. Nearby marinas, restaurants, shops and natural beaches further enhance the relaxed, waterfront Florida Keys lifestyle.SeaGlass Cove is approximately 20 minutes south of Islamorada and offers convenient access to the Florida Keys/Marathon International Airport and the Overseas Highway, connecting residents to destinations throughout the entire Florida Keys.

SeaGlass Cove is located at 59720 Overseas Highway, Marathon, FL 33050.

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

Constellation Group and The Boschetti Group Secure $67.5 Million Construction Loan For Cora Merrick Park

Constellation Group and The Boschetti Group announced the successful closing of a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium centered on wellness in Coral Gables. Located at 4241 Aurora Street in the heart of the exclusive Merrick Park neighborhood, Cora will deliver 74 thoughtfully designed residences that reflect a modern, wellness-oriented approach to living.

Located in one of Coral Gables’ most supply-constrained neighborhoods, the 74-residence project is designed to offer a more private, wellness-oriented residential experience within walking distance of premier shopping, dining and office destinations

Lender BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan.

“This is an important milestone for CORA Merrick Park and the larger Coral Gables community” said Eduardo Otaola, Principal at Constellation Group. “Securing financing from BHI, a well-respected regional lender, is a strong validation of both the market opportunity and the differentiated vision behind Cora Merrick Park. In today’s financing environment, lender support at this level reflects confidence not only in the project itself, but also in the long-term strength of the Coral Gables market. With construction now underway, we believe Cora represents one of the most compelling new residential offerings in Coral Gables and a distinctive long-term addition to the neighborhood.”

With financing secured and construction underway, Cora Merrick Park continues to gain momentum as one of the few boutique condominium developments in Coral Gables actively under construction

Scott Wadler of Berkadia added, “In today’s more selective lending environment, capital is gravitating toward best-in-class sponsorship, irreplaceable locations and projects that clearly differentiate themselves – and Cora Merrick Park checks every box.”

Construction on Cora Merrick Park began in April and is expected to be completed in 2028.

Priced from the $900,000s to over $4 million for penthouse residences, Cora Merrick Park is designed by acclaimed architecture firm Arquitectonica with interiors by Urban Robot. The project is among the first condos in Miami seeking certification through the International WELL Building Institute (IWBI) WELL for residential program, an evidence-based, third-party certification aimed at creating healthier, more resilient homes.

With wellness programming overseen by Spanish wellness firm Lamarca Well – known for creating Madrid’s first wellness hub – amenities and operations at Cora Merrick Park are centered on biohacking and longevity, featuring advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery zone, and a spa with infrared sauna, steam room, contrast hydrotherapy pools and red-light therapy panels.

Residents will also enjoy a resort-style rooftop pool deck, yoga and meditation area, lobby tearoom and the first rooftop padel court in Coral Gables. Outside, an original sculpture by celebrated Catalan artist Jaume Plensa anchors a lush 5,000-square-foot park that the developer is donating to the City.

Cora Merrick Park offers 13 unique floor plans ranging from one-bedroom residences to expansive three-bedroom-plus-den penthouse homes. Residences feature 10-foot ceilings, Italkraft kitchens, Sub-Zero and Wolf appliances, designer stone countertops, custom porcelain flooring and spacious walk-in closets. Select residences also include expansive private lanais.

The project is directly across from Shops at Merrick Park and within walking distance of downtown Coral Gables and the Metrorail, providing convenient access to Coconut Grove, the University of Miami and Downtown Miami/Brickell. It is also located one block from 4225 Ponce, the recently completed Class A, boutique office building anchored by wealth management firm UBS, also developed by Constellation Group and The Boschetti Group.

Past PROFILEmiami articles about CORA Merrick Park:

For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below:

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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Images via Constellation Group

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HQ Residences Miami In Edgewater Reveals New Interior Renderings By DesignAgency and Craft

HQ Residences Miami has unveiled new renderings of its interiors, offering a first look inside the residential experience behind one of the city’s most culture-forward branded tower — blending elevated design, wellness, and entertainment into a lifestyle-driven offering in the heart of Downtown Miami. Designed to reflect a hospitality-first approach to residential living, interiors at HQ Residences Miami emphasize comfort, functionality, and understated luxury — pairing warm, modern finishes with thoughtful layouts that support both everyday living and entertaining.

Residences feature open-concept living spaces, floor-to-ceiling windows, and refined material palettes that complement the building’s amenity-rich lifestyle. Kitchens are designed for both form and function with Italian cabinetry in warm wood tones, natural stone surfaces, and a full suite of integrated designer appliances, while Spa-inspired bathrooms echo the project’s wellness philosophy with walk-in showers, floating-style dual vanities, and rich material palettes that evoke calm and restoration.

Development partners Black Salmon, The Boschetti Group, and Constellation Group – in collaboration with HQ Hotels & Residences by sbe – launched sales for HQ Residences Miami in November 2025. HQ Residences Miami marks the first-ever residential tower from the iconic HQ brand led by hospitality visionary Sam Nazarian, with partners who include global entertainment legend Marc Anthony. Rooted in HQ’s DNA of “smart lifestyle,” the project transforms the masterminding of Nazarian’s hospitality expertise into a living experience that pulses with creativity, belonging, and the Miami rhythm.

Rising 35 stories at 422 NE 29th Street in the city’s Edgewater neighborhood, offers 229 condominiums ranging one- to three-bedroom layouts, 721 to 2,074 square feet, along with a collection of 8 penthouses. Residences are priced from $850,000, with sales represented exclusively by The Agency, one of the world's leading luxury brokerages, led by Mauricio Umansky and Santiago Arana.

As a next-gen lifestyle brand, HQ Residences globally launched in 2024 by sbe and strategic partners. Hotel properties include Antigua and upcoming destinations such as São Paulo and Miami, continuing to expand its footprint having now selected Miami for its residential debut. The brand reimagines traditional hotels and residences for a new generation, celebrating social hubs rooted in dining, nightlife, wellness, and immersive guest experiences that are infused with celebrities and influential partnerships. It is purpose-built for modern dwellers seeking approachable luxury, blending the vibrancy of boutique hospitality with the reach and reliability of a global network.

HQ Residences Miami will introduce an exceptional lineup of lifestyle offerings and brand partnerships that embody the HQ philosophy. Spanning 15,756 square feet across two dedicated floors, the amenity program was built around four core pillars that define a new standard of contemporary living: Wellness, Entertainment, Community, and Art.

Level 34 is dedicated entirely to the first pillar of wellness and mindfulness. Designed by The Well Founder Kane Sarhan, the experience unfolds with health-oriented activities, from yoga and open-air training terraces to contrast therapy circuits with hammam, sauna, steam, plunge pools and bath-house treatments. A state-of-the-art fitness center supports both high-intensity and mindful recovery, while an AEScape treatment room and massage beds deliver next-level restoration. Outdoors, a resort-style pool deck with pergola lounges and panoramic city vistas blurs the line between residence and retreat.

One level above, entertainment and social life take center stage. A library and a dynamic collaboration space foster both teamwork and quiet focus, while a cutting-edge podcast studio provides a platform for idea sharing. Culinary and cultural moments are brought to life through a chef’s kitchen, designed for shared experiences, dining at TOMA Gourmet by Sofia Vergara and her son Manolo Vergara featuring wellness-forward Latin cuisine, and Jack’s NYC Coffee, the iconic New York roastery making its Miami arrival. As night falls, the vibe continues at Marc’s, a speakeasy curated by Marc Anthony, with skyline views, vinyl collections, and intimate performances. Residents also enjoy access to the HQ Social Club, an exclusive membership connecting them to curated experiences and VIP hospitality offerings across the city and beyond. Grounded in community and belonging, every touchpoint encourages meaningful connection, cultivating an experience defined by shared spirit and a profound sense of home.

Designed by internationally acclaimed firm Arquitectonica, with interiors by award-winning studios DesignAgency and Craft, HQ Residences Miami exudes an “outside-in” philosophy, rooted in design, art and aesthetic harmony. The tower’s bold diagrid façade stands as a sculptural statement, while lush greenery by Enzo Enea climbs its terraces and amenity levels, establishing a vertical garden in motion. Inside, warmth and sophistication permeate every space, with tactile materials and subtle contrasts. Hand-selected marbles, sustainable woods, and refined textiles in soft, neutral tones create harmony between energy and stillness.

Within each residence, refined design meets livable luxury. Expansive terraces extend seamlessly from floor-to-ceiling windows, framing panoramic views of Biscayne Bay and Miami’s skyline while filling interiors with natural light. Open layouts enhance the sense of air and flow, creating spaces that feel both elevated and effortless. Kitchens balance performance and beauty with Italian cabinetry in warm wood tones, natural stone surfaces, and a full suite of integrated designer appliances. Spa-inspired primary bathrooms echo the project’s wellness philosophy with walk-in showers, floating-style dual vanities, and rich material palettes that evoke calm and restoration.

Situated at the crossroads of Wynwood, the Design District, and Midtown, the tower’s Edgewater location is within one of Miami’s most dynamic cultural frontiers. Positioned along 29th Street—one of the neighborhood’s fastest-evolving corridors—HQ Residences Miami sits at the epicenter of rapid growth, surrounded by new luxury developments, the recently opened Whole Foods and next-generation offerings that are redefining the district’s urban fabric. Its centrality provides immediate access to Michelin-starred dining, gallery districts, and waterfront wellness destinations — while remaining less than 15 minutes from Miami International Airport, positioning it as the ideal residence for both local and international buyers. Elevated above the bay yet embedded within the heart of the city’s creative core, HQ Residences Miami offers a rare blend of immersion and escape within a hospitality-driven vertical ecosystem.

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HQ Hotels & Residences by sbe, Led by Sam Nazarian and Marc Anthony, Launch HQ Residences Miami In Edgewater, Developed by Black Salmon, The Boschetti Group and Constellation Group

In Miami, luxury real estate is defined not only by design, but by energy that moves through a space, the experiences waiting beyond each threshold and the connections that shape community. Embracing this philosophy, development partners Black Salmon, The Boschetti Group, and Constellation Group – in collaboration with HQ Hotels & Residences by sbe – have launched sales for HQ Residences Miami. This marks the first-ever residential tower from the iconic HQ brand led by hospitality visionary Sam Nazarian, with partners who include global entertainment legend Marc Anthony. Rooted in HQ’s DNA of “smart lifestyle,” the project transforms the masterminding of Nazarian’s hospitality expertise into a living experience that pulses with creativity, belonging, and the Miami rhythm.

Rising 35 stories at 422 NE 29th Street in the city’s Edgewater neighborhood, HQ Residences Miami was crafted for a life in balance, presenting 229 condominiums. Offering one- to three-bedroom layouts ranging from 721 to 2,074 square feet, along with a collection of 8 penthouses, the tower embodies a living, breathing environment, where wellness rituals, curated social moments, and sensory design exist in harmony. Residences are priced from $850,000, with sales represented exclusively by The Agency, one of the world's leading luxury brokerages, led by Mauricio Umansky and Santiago Arana.

As a next-gen lifestyle brand, HQ Residences globally launched in 2024 by sbe and strategic partners. Hotel properties include Antigua and upcoming destinations such as São Paulo and Miami, continuing to expand its footprint having now selected Miami for its residential debut. The brand reimagines traditional hotels and residences for a new generation, celebrating social hubs rooted in dining, nightlife, wellness, and immersive guest experiences that are infused with celebrities and influential partnerships. It is purpose-built for modern dwellers seeking approachable luxury, blending the vibrancy of boutique hospitality with the reach and reliability of a global network.

“HQ Residences in Edgewater is the moment we, quite literally, bring the spirit of our brand home for the first time.” said Nazarian. “From day one, HQ has been centered on building places that shape how people live and connect, and Miami is a city that embodies this vision, at the intersection of design, lifestyle, and global influence.”

HQ Residences Miami will introduce an exceptional lineup of lifestyle offerings and brand partnerships that embody the HQ philosophy. Spanning 15,756 square feet across two dedicated floors, the amenity program was built around four core pillars that define a new standard of contemporary living: Wellness, Entertainment, Community, and Art.

Level 34 is dedicated entirely to the first pillar of wellness and mindfulness. Designed by The Well Founder Kane Sarhan, the experience unfolds with health-oriented activities, from yoga and open-air training terraces to contrast therapy circuits with hammam, sauna, steam, plunge pools and bath-house treatments. A state-of-the-art fitness center supports both high-intensity and mindful recovery, while an AEScape treatment room and massage beds deliver next-level restoration. Outdoors, a resort-style pool deck with pergola lounges and panoramic city vistas blurs the line between residence and retreat.

One level above, entertainment and social life take center stage. A library and a dynamic collaboration space foster both teamwork and quiet focus, while a cutting-edge podcast studio provides a platform for idea sharing. Culinary and cultural moments are brought to life through a chef’s kitchen, designed for shared experiences, dining at TOMA Gourmet by Sofia Vergara and her son Manolo Vergara featuring wellness-forward Latin cuisine, and Jack’s NYC Coffee, the iconic New York roastery making its Miami arrival. As night falls, the vibe continues at Marc’s, a speakeasy curated by Marc Anthony, with skyline views, vinyl collections, and intimate performances. Residents also enjoy access to the HQ Social Club, an exclusive membership connecting them to curated experiences and VIP hospitality offerings across the city and beyond. Grounded in community and belonging, every touchpoint encourages meaningful connection, cultivating an experience defined by shared spirit and a profound sense of home.

“Partnering with HQ Residences allows us to help shape a community that is defining the future of urban living in Miami,” said Camilo Lopez, Managing Partner & Co-CEO of Black Salmon. “This project brings together a powerhouse collective of industry leaders—spanning architecture, development, hospitality, sales, and lifestyle programming—each contributing deep expertise that has elevated HQ Residences into a best-in-class offering crafted by the greatest minds in the business, where design and purpose align to create a true sense of wellness and life in balance.”

Designed by internationally acclaimed firm Arquitectonica, with interiors by award-winning studios DesignAgency and Craft, HQ Residences Miami exudes an “outside-in” philosophy, rooted in design, art and aesthetic harmony. The tower’s bold diagrid façade stands as a sculptural statement, while lush greenery by Enzo Enea climbs its terraces and amenity levels, establishing a vertical garden in motion. Inside, warmth and sophistication permeate every space, with tactile materials and subtle contrasts. Hand-selected marbles, sustainable woods, and refined textiles in soft, neutral tones create harmony between energy and stillness.

Within each residence, refined design meets livable luxury. Expansive terraces extend seamlessly from floor-to-ceiling windows, framing panoramic views of Biscayne Bay and Miami’s skyline while filling interiors with natural light. Open layouts enhance the sense of air and flow, creating spaces that feel both elevated and effortless. Kitchens balance performance and beauty with Italian cabinetry in warm wood tones, natural stone surfaces, and a full suite of integrated designer appliances. Spa-inspired primary bathrooms echo the project’s wellness philosophy with walk-in showers, floating-style dual vanities, and rich material palettes that evoke calm and restoration.

“Having represented some of the most extraordinary developments around the world, I can say with confidence that HQ Residences Miami is poised to become one of the city’s most sought-after addresses,” said Mauricio Umansky, Founder and CEO of The Agency. “This project captures the essence of Miami living - a holistic lifestyle that unites world-class dining, nightlife, and wellness within an unrivaled Edgewater location. We’re proud to lead sales for a development that’s redefining what it means to live, work, and play under one roof.”

Situated at the crossroads of Wynwood, the Design District, and Midtown, the tower’s Edgewater location is within one of Miami’s most dynamic cultural frontiers. Positioned along 29th Street—one of the neighborhood’s fastest-evolving corridors—HQ Residences Miami sits at the epicenter of rapid growth, surrounded by new luxury developments, the recently opened Whole Foods and next-generation offerings that are redefining the district’s urban fabric. Its centrality provides immediate access to Michelin-starred dining, gallery districts, and waterfront wellness destinations — while remaining less than 15 minutes from Miami International Airport, positioning it as the ideal residence for both local and international buyers. Elevated above the bay yet embedded within the heart of the city’s creative core, HQ Residences Miami offers a rare blend of immersion and escape within a hospitality-driven vertical ecosystem.

For more information about HQ Residences Miami or to inquire about purchasing a unit please fill out the form below:

Constellation Group Acquires Development Site Along U.S. 1 in Miami’s Coconut Grove for $12 Million

Constellation Group, a leading Miami-based real estate investment and development firm, announces the acquisition of a nearly 28,000-square-foot development site fronting U.S. 1/South Dixie Highway in Miami’s Coconut Grove neighborhood. The strategic acquisition gives Constellation Group high-visibility site near Metrorail station and Underline in one of Miami’s hottest neighborhoods.

The lot, located at 3000 SW 28 Street in Miami, is currently occupied by Farrey’s Lighting & Bath, a 100-year-old family-run business. Constellation purchased the site for $12 million from owner John Farrey. The closing took place on Oct. 1, 2025. Constellation Group, which is evaluating the highest and best use for the property with a focus on long-term value creation, will disclose plans for the site at a future date.

“This site represents a unique, long-term investment opportunity in one of Miami’s oldest, most dynamic commercial corridors,” said Eduardo Otaola, Managing Principal at Constellation Group. “This acquisition underscores our bullish perspective on both Coconut Grove and the role of transit-oriented development in Miami’s future.”

The 27,973-square-foot lot is located on the southbound side of U.S. 1, just steps from the Grove Central mixed-use center and the Coconut Grove Metrorail station. Farrey’s Lighting & Bath will continue operating at the property for up to 120 days under the terms of the agreement, allowing the company to manage the next phase of its transition.

The Coral Gables-based developer and its joint venture partner The Boschetti Group are currently building two boutique condo projects in Miami – Ella Miami Beach in Miami’s North Beach neighborhood, and Cora Merrick Park in the high-barrier-to-entry Coral Gables neighborhood – as well as an ultra-luxury boutique office project called 4225 Ponce, across from Shops at Merrick Park, that will complete later this year.

Constellation Group and The Boschetti Group Officially Open Cora Merrick Park Sales Gallery in Coral Gables

The new sales gallery for Cora Merrick Park – the first wellness-oriented residences in Coral Gables – is now officially open at 4200 Laguna Street in Coral Gables. On Tuesday, Sept. 30, developers Constellation Group and The Boschetti Group celebrated the grand opening of the gallery with Douglas Elliman Development Marketing, inaugurating the space and giving the community a sneak peek of the luxurious details and wellness features that make this project unique. Guests enjoyed live music, sipped adaptogenic cocktails and wellness elixirs, and participated in immersive demonstrations of red-light therapy panels and lymphatic compression treatments, curated by Centner Wellness. Inside the gallery, guests explored Cora’s signature finishes – natural stone, wood, and tile imported from Europe and around the world.

Designed by Arquitectonica with interiors by Urban Robot, Cora Merrick Park is delivering 74 refined residences priced from the $900,000s to over $4 million to Merrick Park – Coral Gables’ world-class shopping and dining destination. The project is directly across the street from Shops at Merrick Park, and walking distance to downtown Coral Gables and the Metrorail, and just minutes from Coconut Grove, University of Miami and Downtown Miami/Brickell.

“Cora Merrick Park is the first residential community in Coral Gables designed to integrate wellness into everyday living,” said Eduardo Otaola, Managing Principal at Constellation Group. “At the same time, it meets pent-up demand for new luxury product in Coral Gables. Cora offers a compelling alternative to the single-family home market in an irreplaceable location that delivers walkability, community, and the quality-of-life benefits that Coral Gables is known for – all in a finished turnkey-project with world-class amenities.”

Spanish wellness firm Lamarca Well, best known for creating the first wellness hub in Madrid, Spain, is overseeing Cora’s wellness programming. Key components include biophilic design, advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery area, and a spa with infrared sauna, steam room, contrast hydrotherapy (hot and cold) pools, and red-light therapy panels. Additional offerings include a resort-style roof deck pool, yoga and meditation area, lobby tearoom, and the first rooftop padel court in Coral Gables.

“At CORA Merrick Park, we believe wellness isn’t just about offering a product or service – it’s about delivering a lifestyle and creating environments that support lasting change,” said Mischka Capriles, Lamarca Well co-founder.

Lamarca and Arquitectonica will also oversee Cora’s enrollment in the International Well Building Institute (IWBI) WELL for residential program – an evidence-based, third-party certification aimed at creating healthier, more resilient homes.

Located at 4241 Aurora Street, Cora Merrick Park offers 13 unique floor plans, from one-bedrooms to expansive three-bedroom plus den residences. Each home has 10-foot ceilings, Italkraft kitchens, Sub-Zero/Wolf appliances, designer stone countertops, custom porcelain flooring, walk-in closets, and private, expansive lanais in select residences.

Cora offers a design-forward reinterpretation of the Spanish Mediterranean aesthetic through a modern, wellness-focused lens. Classic natural materials are used in novel ways to bring natural sophistication to interior spaces. Coralina stone and marble are paired with a dark stained oak – a nod to Coral Gables’ oak canopy – to create a moody, sexy color palette. Textured lime-wash walls and soft, organic stone forms – from the fluted marble lobby column to the rounded edges of the kitchen islands and bathroom vanities – foster calm and evoke a connection to nature. In the residences, a unique chevron-patterned, porcelain-tile floor from Spain’s Living Ceramics puts a contemporary spin on the classic design motif. Floor-to-ceiling windows usher in natural light to create a modern aesthetic rarely seen in the city.

Hospitality-inspired details, including a striking sculptural reception desk in the lobby and custom property fragrance, bring an added touch of European elegance. Outside, an original sculpture by celebrated Catalan visual artist Jaume Plensa anchors a lush 5,000-square-foot park, underscoring Cora’s seamless blend of art, architecture, and wellness.

Images via World Red Eye, Renderings via Cora Merrick Park

For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below:

'Cora Merrick Park' Presents 'A Comprehensive Analysis of Coral Gables' At The Coral Gables Museum

On Tuesday, June 24, the Coral Gables Museum hosted ‘A Comprehensive Analysis of Coral Gables’ presented by CORA Merrick Park, bringing one of the most extensive real estate market reports on Coral Gables to date. The event, titled The Evolution of Coral Gables, featured a panel discussion moderated by Demetri Demascus of PROFILEmiami and included key voices shaping the city’s future: Jay Phillip Parker, CEO of Douglas Elliman Florida; Eduardo Otaola of Constellation Group; Coral Gables Vice Mayor Rhonda Anderson; and Ana Bozovic of Ana Analytics. Together, the panel explored the growth trajectory of Coral Gables, including its appeal for families, the rising demand for wellness-focused living, public art initiatives, and pricing trends that have elevated the neighborhood’s real estate market in recent years.

The conversation also offered attendees a detailed, data-driven breakdown of Coral Gables' current housing inventory, future development pipeline, and the challenges developers face due to limited land supply and high barriers to entry. Ana Bozovic’s report highlighted how the scarcity of new, wellness-oriented residential products has created a distinct market gap—one that CORA Merrick Park is strategically designed to fill. The panelists also emphasized Coral Gables' long-term vision for development, focusing on sustainable growth, health-conscious living, and maintaining the architectural integrity of The City Beautiful.

CORA Merrick Park, developed by Constellation Group and The Boschetti Group, will be Coral Gables' first wellness-focused residential building and one of the city’s first to achieve WELL Certification. Designed with guidance from wellness consultants and Lamarca Well, CORA integrates cutting-edge health features such as advanced air and water filtration, biophilic design, smart wellness technology, and personalized wellness concierge services. Residents will enjoy amenities such as a rooftop padel court, spa and recovery facilities, fitness center, and resort-style pool, all carefully curated to promote physical, mental, and emotional well-being.

Slated for completion in 2027 at 4241 Aurora Street, CORA will offer 74 residences ranging from one- to three-bedroom plus den homes, with prices starting in the $900,000s. The project also includes over 8,000 square feet of retail, 13,000 square feet of office space, and a public park featuring a sculpture by renowned artist Jaume Plensa. CORA represents a new chapter for Coral Gables, blending luxury, culture, and wellness in the heart of Merrick Park, supported by Douglas Elliman Development Marketing as the exclusive residential sales brokerage.

Constellation Group, Boschetti Group and Vietmar Secure $42.3 Million Construction Financing For Ella Miami Beach

Miami-based real estate development firms Constellation Group, The Boschetti Group and Vietmar have closed on a $42.3 million construction loan for Ella Miami Beach, a 10-story boutique condominium in the heart of Miami’s North Beach neighborhood. Berkadia secured the construction loan through the lender Amerant Bank, which provided financing for a three-year, floating-rate loan term.

The highly anticipated development, which broke ground in February 2025, has already achieved more than 50% in pre-construction sales, demonstrating strong market validation for the project. Located at 6940 Abbott Avenue, Ella Miami Beach is scheduled for completion in 2026.

"Securing this construction financing represents a crucial milestone in bringing Ella Miami Beach to life," said Eduardo Otaola, Managing Principal of Constellation Group. "Our vision for this project has resonated strongly with buyers who recognize the unique opportunity to own a thoughtfully designed residence in one of Miami Beach's most promising neighborhoods. This financing allows us to continue our momentum and deliver on our commitment to creating an architectural landmark that honors Miami Beach's iconic Art Deco heritage.”

The financing was arranged by Berkadia South Florida, led by Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins and Mike Basinski.

“The development partners were early movers in the North Beach submarket, allowing them to set the neighborhood standard for new, high-quality residential living at an attractive price point,” said Wadler.

“We are proud to finance Ella Miami Beach, a development that reflects our commitment to South Florida’s growth and revitalization,” said Juan P. Esterripa, SEVP, Chief Commercial Banking Officer, Amerant Bank.

Designed by renowned architecture firm, Arquitectonica, Ella Miami Beach features studios, one- and two-bedroom floor plans. Residences range from 342 to 1,089 square feet, and pricing starts in the $500,000s, an attractive offering for new construction in Miami Beach, where prices typically begin above $1 million.

Primed for seamless indoor/outdoor living, each residence features gracious terraces with select homes offering impressive views of Biscayne Bay, the Atlantic Ocean, and the Miami skyline. Punctuating the style and sophistication of the project, each of the residences will be delivered with approximately 9-foot-high ceilings throughout, contemporary ItalKraft kitchens with stone countertops and JennAir appliances, and European-inspired designer closets. For a completely turn-key residential experience, bespoke Interiors by Steven G. packages are available for purchase at attractive pricing, blending modern furnishings with classic Art Deco architecture.

Among the many signature elements that enhance the experience of being an owner at Ella Miami Beach is a suite of amenities that include a rooftop pool and fitness center with boundless views of Biscayne Bay and Downtown Miami, a pickleball court overlooking the Atlantic Ocean, residents’ lounge, summer kitchen with an outdoor dining area, and an observation deck and lounge. The property’s wellness amenities include an outdoor yoga and meditation deck, a cold plunge, and a sauna. Other lifestyle conveniences include private beach club access managed by The Boucher Brothers, short-term rental options managed by Nomada, a coworking area for remote workers, complimentary beach cruisers, bike and beach toy storage, onsite parking and retail, and more.

The Ella Miami Beach sales gallery is located at 6897 Collins Avenue in Miami Beach.

For more information about Ella Miami Beach or to inquire about purchasing a unit please fill out the form below:

Inside Constellation Group and Boschetti Group's Launch Event of CORA Merrick Park at Perry's Steakhouse

On March 19, 2025 Constellation Group and Boschetti Group hosted a lavish launch event for CORA Merrick Park at Perry’s Steakhouse in The Shops at Merrick Park in Coral Gables. Developers Eduardo Otaola from Constellation Group and Jose Boschetti from Boschetti Group presented their new condo alongside Jay Phillip Parker, CEO of Brokerage, Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing, who are overseeing sales at the project, and interior designer Giancarlo Pietri of Urban Robot Associates.

CORA is a groundbreaking mixed-use boutique building where wellness meets home in Coral Gables’s Merrick Park. This innovative project features 74 wellness-oriented refined residences, complemented by thoughtfully curated retail and office spaces. CORA represents the first wellness-focused residential development in The City Beautiful and, upon completion, will be one of the first WELL Certified residential buildings in Coral Gables. Douglas Elliman Development Marketing serves as the exclusive broker for residential sales and marketing at CORA. The project is designed by Arquitectonica with interior design by Urban Robot Associates.

Seamlessly integrating wellness into every aspect of its design, CORA creates an environment where residents can feel revitalized, energized, and balanced. Through a singular partnership with renowned European wellness brand Lamarca Well, which has been working with ownership and designers since the project’s inception, CORA ensures that health and wellness are interwoven into every aspect of the property. With the guidance of leading wellness consultants, every detail has been thoughtfully curated to enhance residents' well-being, ensuring a healthier, happier life becomes second nature.

Slated for completion in 2027, the thirteen-story building will also feature more than 8,000 square feet of ground-floor retail and 13,000 sq. ft. of office space across the second and third floors. CORA is located at 4241 Aurora Street in Coral Gables’ prestigious Merrick Park district. Entry prices for residences begin in the $900,000s. The residences, from intimate one-bedrooms to expansive three-bedroom plus den homes, ranging in size from 678 to 2,651 sq. ft.

Amenities include a state-of-the-art fitness center with advanced wellness and recovery equipment, complemented by the first rooftop padel court in Coral Gables. Residents can enjoy a complete spa experience with a steam room, sauna, and hot and cold plunge pools, as well as a resort-style pool with private cabanas and a dedicated yoga terrace for mindful movement practices and meditation. Other amenities include an expansive lobby featuring a coworking lounge, executive boardroom, and resident tea lounge. A media lounge with catering kitchen provides entertainment space, while outdoor kitchen and dining areas offer alfresco gathering opportunities.

At street level, the development will contribute a 5,000 square foot public park to the City of Coral Gables, anchored by a sculpture from internationally acclaimed artist Jaume Plensa, creating a cultural landmark that will enhance the neighborhood's artistic landscape.

A dedicated sales gallery in the Village of Merrick Park will open soon.

Images via Alexey Olivenko

For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below: