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

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.

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.

Developed by MG Developer and Vertical Developments, Alhambra Parc received financing from Benmark Capital, a real estate private equity firm based in Miami and New Jersey. Managing Director Scott Wadler and Vice President Bobby Dockerty of Berkadia led the transaction in securing the loan on behalf of MG Developer and Vertical Developments, with additional support from Berkadia Senior Managing Director Mitch Sinberg, and Managing Directors Matthew Robbins and Brad Williamson.

“Securing this financing is a clear demonstration of the strength of Alhambra Parc, the quality of the project, and the confidence our partners and financial institutions continue to place in our vision,” said Alirio Torrealba, CEO of MG Developer. “We are proud to advance another transformative project in Coral Gables, a city to which we have been deeply committed for more than a decade. Alhambra Parc reflects our belief that great developments should create lasting value for investors, residents, and the broader community. We are also fortunate to have Vertical Developments as a partner whose shared vision, professionalism, and expertise have been instrumental in bringing this project forward.”

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. It also marks MG Developer’s 10th project in the city, further solidifying the firm’s role as one of the most active and established developers in the market.

“This achievement marks a major milestone for Alhambra Parc and reflects our confidence in Coral Gables as one of South Florida’s most dynamic and resilient markets,” said Fernando de Nunez y Lugones, CEO of Vertical Developments. “With our headquarters in the city and several significant projects underway, we remain committed to creating destinations that contribute to the community’s long-term growth and vitality. It has also been a privilege to partner with MG Developer, whose deep market knowledge, proven track record, and commitment to excellence have been instrumental in advancing a project that will deliver lasting value for both residents and the city.”

“Alhambra Parc is the result of a shared vision between two organizations that firmly believe in creating exceptional communities,” added Torrealba. “MG Developer’s experience and track record in Coral Gables, combined with the reach, innovation, and institutional capabilities of Vertical Developments, have made it possible to create a project that will bring lasting value to the city and contribute positively to its evolution over the coming decades.”

Located at 33 Alhambra Circle, Alhambra Parc is a premier mixed-use development featuring 74 one-, two-, and three-bedroom luxury residences, 13,000 square feet of office space, and nearly 18,000 square feet of curated retail in one of South Florida’s most sought-after neighborhoods. Designed by Bellin & Pratt Architects, with amenities and common areas by Ray Jimenez of Raymond Nicholas and interiors by Carlos Guevara, the project reflects both developers’ ongoing commitment to high-design, walkable urban living in Coral Gables.

Renderings via Ray Jimenez and Carlos Guevara

Past PROFILEmiami articles about Alhambra Parc:

For more information about Alhambra Parc, private showings or purchasing/ leasing information please fill out the form below:

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MG Developer Breaks Ground and Launches Sales For 'The George', The Final Development in Biltmore Square in Coral Gables

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.

One of Coral Gables’ most active development firms, 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. Residences at The George start at $6.275 million, with completion expected in Q2 2027.

The milestone coincides with the unveiling of new interior and exterior renderings, offering a first look at the architecture, design, and townhome lifestyle that will further elevate one of Coral Gables’ most storied neighborhoods.

“Breaking ground on The George is a defining moment not just for MG Developer, but for Coral Gables as a whole,” said Alirio Torrealba, CEO of MG Developer. “This project represents the apex of our architectural and cultural vision, an homage to George Merrick’s legacy that merges timeless design with a modern sensibility. With Pine Bay Capital’s trust, De la Guardia Victoria Architects & Urbanists’ architectural mastery, and Ryan Serhant of SERHANT. New Development leading sales, we’ve curated a team that embodies the very best of design, craftsmanship, and global appeal.”

Designed by acclaimed architect Maria de la Guardia, The George blends Mediterranean-inspired architecture with contemporary luxury. Each residence spans more than 5,000 square feet and features private courtyards, loggias, summer kitchens, 4-car garages with EV charging stations, and integrated smart-home automation for lighting, music, and security. Finishes include Italian millwork, marble countertops, solid mahogany doors and windows, and premium appliances from Subzero, Wolf, and Waterworks.

Sales and marketing are led exclusively by Ryan Serhant and Jorge Fernandez of SERHANT. New Development, reinforcing the project’s national prominence and positioning it as one of South Florida’s most distinguished new addresses.

“The George is a rare offering, a boutique collection of residences that captures the spirit of Coral Gables’ tree-lined charm while delivering a cosmopolitan level of luxury,” said Ryan Serhant, CEO of SERHANT. “Our team is thrilled to introduce these homes to a discerning audience that values design, sophistication, and timeless quality.”

Earlier this year, MG Developer secured a $41 million construction loan from Pine Bay Capital, underscoring institutional confidence in the Coral Gables ultra-luxury market and the strength of MG Developer’s brand.

Renderings via Metrica Visuals

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

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MG Developer Locks Down $41 Million Construction Loan For The George Residences, The Final Development in Coral Gables' Biltmore Square

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.

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. Residences at The George start at $5.9 million with completion expected in Q2 2027.

“This financing milestone reaffirms our belief in the timeless vision behind The George,” said Alirio Torrealba, CEO of MG Developer. “We’re proud to have Pine Bay Capital's support and excited to move forward with what will be one of the most exclusive residential offerings in Coral Gables. With world-renowned broker Ryan Serhant and his team leading sales, interiors by Nina Takesh, and architecture by De la Guardia Victoria Architects & Urbanists, we've assembled a best-in-class team that reflects a continued love and contribution to the legacy of Coral Gables and its founder.”

The George stands as a tribute to the city’s founder, George Merrick, and reflects MG Developer’s deep-rooted commitment to honoring Coral Gables’ architectural and cultural legacy. Designed by acclaimed architect Maria de la Guardia, with interiors by Nina Takesh, the project will deliver elevated design and a lifestyle of distinction.

Over the past decade, MG Developer has completed some of Coral Gables’ most iconic developments, including the award-winning Biltmore Row, Beatrice Row, Biltmore Parc, and most recently, The Village at Coral Gables, blending Mediterranean-inspired architecture with modern luxury. The George will extend that legacy with generous floor plans, curated finishes, and an exceptional location within walking distance to Downtown Coral Gables.

Sales and marketing for The George are led exclusively by Ryan Serhant SERHANT. New Development, reinforcing the project’s national reach and prestige.

“This is one of the most architecturally significant and emotionally compelling projects our team has encountered,” said Ryan Serhant, CEO of SERHANT. “The George is the final jewel in the Biltmore Square legacy, and we are honored to represent it. It’s a rare opportunity to own a piece of Coral Gables luxury that elegantly defines its future.”

Each residence spans over 5,000 square feet, featuring solid mahogany doors and windows, Italian millwork, marble countertops, and top-tier appliances from Subzero, Wolf, and Waterworks. Interior highlights include ceiling heights up to 12 feet, a sculptural staircase with skylight, elevators, and custom automation packages for lighting, music, and security. Upon completion, total sales from the project are expected to reach approximately $90 million.

Outdoor spaces include private courtyards, loggias, and summer kitchens, designed for seamless indoor-outdoor entertaining. All homes come with 4-car garages, EV chargers, and generator-ready systems, a rare blend of traditional craftsmanship and modern functionality.

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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.

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:

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MG Developer and Prosper Group Acquire Waterfront Land For Mixed-Use Project in North Bay Village For $30.9 Million

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.

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. The project is currently in the planning stages and is expected to break ground in 2027 and be completed by 2029. The acquisition and development plans mark MG Developer’s expansion into new communities and commercial real estate product types.

“We are thrilled to embark on this partnership with Prosper Group, whose mission aligns perfectly with our dedication to developing communities that meet the needs of modern living,” said Alirio Torrealba, CEO of MG Developer. “Our expansion in South Florida is a testament to our commitment in enhancing vibrant neighborhoods, and we’re excited to contribute to North Bay Village’s transformation.”

The new development will feature 147 condominiums, offering one-, two-, and three-bedroom residences. In addition to luxury residences, the project will include restaurants and retail spaces designed to create a dynamic community hub that elevates the area’s appeal. With a focus on modern, resort-style amenities, the project aims to redefine urban living along the Kennedy Causeway.

“We’re excited to join forces with MG Developer, whose growth and experience in the region are unmatched,” said Jay Roberts, CEO of Prosper Group. “This development will undoubtedly become a premier destination, and we are eager to bring our expertise and international designers to create a vibrant community that will attract residents from across the globe.”

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MG Developer Gifts $2 Million Donation To Baptist Health Foundation

Baptist Health Foundation has announced that it has received a $2 million donation from MG Developer, a residential property development company, in support of Baptist Health Doctors Hospital in Coral Gables. MG Developer will be recognized at Baptist Health Doctors Hospital as one of its leading donors.

Baptist Health Foundation has announced that it has received a $2 million donation from MG Developer, a residential property development company, in support of Baptist Health Doctors Hospital in Coral Gables. MG Developer will be recognized at Baptist Health Doctors Hospital as one of its leading donors.

“We are thrilled to partner with MG Developer and grateful for their generosity,” said Alex Villoch, CEO of Baptist Health Foundation. “This donation allows Baptist Health Doctors Hospital to have the resources it needs to provide exceptional care to patients and their families while promoting healthy lifestyles and offering an additional benefit for residents of The Village. It’s a gift that will continue to support healthcare excellence in this community.”

MG Developer’s generosity will help establish The Village at Coral Gables as a wellness-conscious community, emphasizing the importance of residents’ long-term healthy lifestyles while supporting a nearby world-class hospital that meets their needs. “This is a truly remarkable collaboration between MG Developer and Baptist Health Foundation,” said Alirio Torrealba, CEO of MG Developer. “We are proud to join them in supporting our Coral Gables community, as access to high-quality healthcare is an essential part of our local residents’ quality of life.”

Baptist Health Doctors Hospital has provided high-quality medical care to the community since 1949. Recognized as a Magnet hospital for nursing excellence, Baptist Health Doctors Hospital offers general and specialized services, including orthopedics and sports medicine, cardiac care and sports cardiology, general surgery, robotic and minimally invasive laparoscopic surgery, geriatric medicine, and pulmonary care. The hospital features a state-of-the-art intensive care unit and provides a wide range of outpatient diagnostic services. Its emergency department provides a high-tech, high-touch approach to medicine.

Baptist Health Doctors Hospital is also home to the Miami HEAT Sports Medicine Center at Baptist Health Orthopedic Institute. The 49,000-square-foot facility houses all of the Institute’s orthopedic specialties, including an ambulatory surgery center on the top floor.

U.S. News & World Report recognized Baptist Health Doctors Hospital as a High-Performing hospital in geriatrics, orthopedics, chronic obstructive pulmonary disease, hip replacement, kidney failure, knee replacement, and pneumonia. Baptist Health Orthopedic Institute at Baptist Health Doctors Hospital was ranked as a High-Performing hospital in orthopedics, hip replacement, and knee replacement for 2023- 2024.

“This gift will make a significant impact,” said Lourdes Boue, CEO of Baptist Health Doctors Hospital. “From advanced diagnostic equipment to clinical development opportunities to patient support programs, our donors are helping us provide outstanding resources to our community. We are pleased to welcome The Village at Coral Gables residents with the exceptional care we have always been known for.”

Scheduled for completion in Q2 2025, The Village at Coral Gables is a 48-residence collection of townhomes, lofts, villas, and flats nestled in the residential heart of the city. Paying homage to Coral Gables founder George Merrick in what’s considered a continuation of his vision of themed villages throughout Coral Gables, the project evokes the aesthetic beauty and lifestyle of Seville, Spain, with Mediterranean-revival style architecture.

As part of this donation, residents at The Village will be recognized as members of Baptist Health’s “Giving Society,” a distinguished group of individuals taking a conscious approach to community philanthropy that elevates the local standard of living.

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MG Developer Partners With Interior Designer Nina Takesh On 'The George' In Coral Gables

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.

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 poised to be the crown jewel of the master-planned “Biltmore Square” enclave; named after the Founder of Coral Gables, George Merrick. MG Developer acquired the last parcel of land available in Coral Gables’ Biltmore Square area at the end of 2023 and is anticipated to break ground by the 4th quarter of 2024. This townhome collection is set to become a landmark development in Coral Gables and will complete MG’s master-planned community, Biltmore Square.  

Los Angeles-based Interior Designer Nina Takesh will lead the interior design for “The George,” MG Developer’s latest ultra-luxury townhome project in Coral Gables. With a global client base and over one million followers across her social media channels, Nina has designed for celebrity clients such as Jennifer Lopez, Gwen Stefani, and Madonna, to name a few. Nina collaborates with top brands and serves as an ambassador for Jenn Air. Her YouTube channel, Red Elevator, highlights her design expertise and passion, solidifying her reputation as a global design icon.

Takesh’s approach includes personalized consultations to capture clients' visions and preferences, followed by the creation of sophisticated and functional design concepts. Her team will meticulously plan room layouts, select all high-quality finishes, fixtures, and furnishings, and devise comprehensive lighting schemes to enhance the ambiance of each space. Throughout the project, Takesh will collaborate closely with architects and contractors to ensure the seamless execution of her design vision.

Additionally, she will oversee project management to maintain timelines and budgets, adding final styling touches for client approval. To engage the community and showcase the development's progress, Takesh will implement a strategic social media campaign across platforms like Instagram, YouTube, Facebook, Pinterest, and TikTok.

Nina Takesh Designs and MG Developer are committed to delivering superior excellence in The George’s interior design, which will reflect the property’s unique personality and the discerning lifestyle of its Coral Gables residents.

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

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

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.

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 exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

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MG Developer Locks Down $11.5 Million Land Acquisition Loan And Reveals Plans For "The George" Luxury Townhomes

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.

MG Developer, a leading real estate development firm led by Alirio Torrealba, has successfully closed a $11.5 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. Named after George Merrick, “The George” will truly be a work of art and will become the crown jewel of the master-planned “Biltmore Square” community. Designed by De La Guardia, whose award-winning designs have received recognition throughout the world, including for MG Developer’s renowned Beatrice Row, also located in the Biltmore Square enclave in 2021.

"We are thrilled to embark on this journey to create 'The George,' a collection of ultra-luxury townhomes that will set a new standard for opulent living in Coral Gables. The support from our financial partners and the Coral Gables community continue to be instrumental in making this vision a reality." Said Alirio Torrealba, CEO of MG Developer.

The 13-townhome enclave will be known as "The George," and is poised to redefine luxury living in Coral Gables. With meticulous attention to detail and a commitment to exceptional design, MG Developer envisions "The George" as a testament to the epitome of sophistication and comfort.

Nestled within the prestigious Biltmore Square community, "The George" is located at 717 Valencia Avenue, and complements and completes the vision of an impeccably planned, upscale residential neighborhood by MG Developer, that is in walking distance to Miracle Mile, Downtown Coral Gables, the Biltmore Hotel, and hundreds of upscale restaurants and boutiques.

Each townhome will feature a sleek aesthetic with top-of-the-line features and finishes, offering residents an unparalleled living experience. Spacious layouts, high-end appliances, and curated interiors are just a glimpse of the lavish lifestyle "The George" will provide.

Anticipated to break ground in the third quarter of 2024, "The George" pays homage to the visionary real estate developer George Merrick. Renowned as the planner and builder of the city of Coral Gables, Florida in the 1920s, George Merrick is celebrated for creating one of the first major planned communities in the United States. MG Developer's decision to name these 13 ultra-luxury townhomes after George Merrick reflects a commitment to honoring his rich history and legacy he left for Coral Gables.

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Inside 'Emerging Leaders: The Next Generation of Real Estate' Presented by Miami Herbert Business School’s Accelerated MBA in Real Estate

On Thursday September 26, 2023, PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate presented “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there.

On Thursday September 26, 2023, PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate presented “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. The engaging panel featured keynote speakers Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas; Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; the panel was moderated by Demetri Demascus of PROFILEmiami. The discussion explored the next generation in real estate, how Miami’s market cycle impacts the job market, what asset classes are poised for growth, how new employees can add value form day one, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening was held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing MG Developer’s new luxury condominium and townhome project now under development in Downtown Coral Gables. The evening was hosted by Miami Herbert Business School’s Accelerated MBA in Real Estate program; Dr. Andrea Heusen, Academic Director of Real Estate Programs at Miami Herbert Business School; Alirio Torrealba, CEO of MG Developer; and Demetri Demascus, Co-Founder of PROFILEmiami.

The relaxed and open setting provided an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery set an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders and enjoying sounds by Miami-based DJ DAKAP.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

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