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

George Merrick's 8th Village Comes to Life as MG Developer Breaks Ground on 'The Village at Coral Gables'

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.”

The groundbreaking ceremony, which took place on Saturday, September 16 at 504 Malaga Avenue, marked the official commencement of construction for this remarkable enclave. The event was graced by more than 600 esteemed guests, including Coral Gables Mayor Vince Lago, President of Coral Gables Chamber of Commerce, Mark Trowbridge, the project's exclusive sales partner: Founder and CEO of One Sotheby’s International Realty, Mayi de la Vega and President Daniel de la Vega, residents, and neighboring residents and buyers.

“I’m beyond words today. I feel truly proud to be able to celebrate the groundbreaking of The Village at Coral Gables with all of you and share in this auspicious occasion,” said Alirio Torrealba, CEO and Founder of MG Developer. “It’s been a true labor of love for me, and for everyone at MG Developer, my family, our partners, our investors, the entire community. They have all entrusted us to build a beautiful enclave that is part of the vision George Merrick had when he founded Coral Gables in 1925 and that is exactly what we are doing now.”

Coral Gables Mayor Vince Lago added, “The Village at Coral Gables is a testament to the rich cultural heritage of our city. George Merrick’s vision for ‘The City Beautiful’ lives on in this exceptional project. I am immensely proud of Alirio for his dedication in bringing his vision to life, creating a lasting legacy that will enhance the fabric of Coral Gables for generations to come.”

Following the groundbreaking ceremony, attendees were treated to an unforgettable experience at the aptly named “The Village Harvest Festival.” The event held from 10:00 a.m. to 2:00 p.m., brought together families and residents from the community to celebrate the Fall Season and the arrival of The Village at Coral Gables. The festival featured a farmer’s market with local artisan vendors and fun carnival activities including face painting, bounce houses and more.

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

Residents will enjoy an array of recreational amenities, including a wellness clubhouse, indoor and outdoor terrace lounge, fitness wing, plunge pool, library, conference center, and high-speed Wi-Fi – redefining modern living in historic Coral Gables. The Village at Coral Gables is situated within walking distance of Downtown Coral Gables, golf courses, the Lowe’s Hotel, Biltmore Hotel, cultural attractions, and renowned dining venues, offering residents the best of South Florida living.

With its captivating design, luxurious amenities, and prime location, The Village at Coral Gables is poised to become the most sought-after living destination in South Florida, seamlessly blending the past with the present.

MG Developer Celebrates Grand Opening Of Gables Village Showroom in Coral Gables

MG Developer has officially opened the showroom for their newest and most exclusive project, “Gables Village,” a 48-residence collection inspired by the province of Seville, Spain. The intimate ribbon cutting ceremony was attended by Mayor Vince Lago, and several City commissioners, LESTE, VYV, Linkvest Capital, ONE Capital, investors for the development, as well as ONE Sotheby’s, the exclusive broker, for Gables Village. The new sales center is located at 2990 Ponce de Leon Boulevard in Coral Gables.

MG Developer created a sophisticated Seville-themed ambiance for the event and featured Spanish traditions including a cigar-maker, and entertainment while serving Cava and fine Spanish wines, decadent delicacies, and desserts, for all the notable guests to enjoy the official opening celebrations of the new Gables Village gallery, which is located on Ponce de Leon Boulevard. MG also featured an impressive documentary-style film showcasing their trajectory as developers in the City Beautiful with never-before-seen aerial shots of Coral Gables.

The event, culminated with remarks made by Coral Gables’ Mayor Vince Lago; Alirio Torrealba, CEO of MG Developer; Gables Village architect, Maria de la Guardia of De La Guardia Victoria Architects & Urbanists; and Daniel de la Vega, President of One Sotheby’s International. Mark Trowbridge, President of the Coral Gables Chamber of Commerce was the Emcee for the event.

“We are thrilled to be here with all of you today in this stunning new gallery, getting a glimpse of our future. We are very proud to be a part of bringing Gables Village to life in our City,” said, City of Coral Gables, Mayor Vince Lago. “We have never seen a project of this magnitude, receive such praise since it was first introduced to the City. MG Developer understands the importance of building residences that fall in line with our City’s rich history, tradition and aesthetic values, which our City is known for. We are all eager to see this vibrant community come to fruition.”

The $50 million development will be completed by 2024 and will pay homage to George Merrick’s legacy, and original vision, for this parcel of the City Beautiful in a classic, yet modern way.

“We are so excited about opening our first showroom as we get closer to breaking ground on Gables Village,” said Alirio Torrealba, CEO, MG Developer. “I want to give a special thanks to our partners that entrusted in us. These partnerships solidify our vision for building luxurious residences in one of the most sought cities in the world. We are excited about Gables Village, the City’s future and growing our partnerships,”

“This gallery provides buyers with a preview and chance to see, touch and feel all of the modern touchpoints and luxurious finishes they can soon find in their home. It will truly inspire people to want to be in Coral Gables and be part of this new luxurious enclave.”

The project itself is located at 535 Santander Avenue and will include townhomes, duplexes, lofts, flats and an archway with raised residences above ground level, creating a distinct welcoming feeling into the Gables Village enclave. It will be set throughout 17 lots, replacing the existing rental apartments bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street.

Inspired by Merrick’s seven villages, Gables Village will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and bordered by gardens inspired by the alcoves in the Plaza de España. Units will vary in style and sizes including, one-bedroom flats to four- bedroom townhomes that range size, from 1,750 sq. ft. to 3,100 sq. ft. The village will also boast recreational amenities, including a multipurpose room, a pool, and a Wellness Center for residents to enjoy. Construction for the project starts in the Fall of 2022 and will be completed in 2024.

“We take a lot of pride in building in the City Beautiful and the communities we build are for the people that enjoy the sophisticated lifestyle Coral Gables has to offer. We develop luxury residences that inspire, and this new gallery does just that. As soon as you walk in, you feel in awe and right at home at the same time,” added Torrealba.

MG Developer, led by Alirio Torrealba, is the City’s most active residential developer having completed its newest project, Althea Row, which nearly sold-out in less than 90 days. MG will soon wrap-up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralina-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

MG Developer Adds New 'Coral Carpet' Public Art Installation To Balboa Plaza in Coral Gables

Balboa Plaza, one of the most original parks in Coral Gables, where the stone bench named “A Midsummer Night’s Dream’ is located, has a new decorative Coral Carpet, which now completes the “living room” setting at the popular outdoor park.

In 2018, MG Developer celebrated the first installation of the original stone bench at Balboa Plaza for an inaugural dedication event for the City’s Art in Public Places, Public Art in Private Development program.

This new installation of art furthers MG Developer’s commitment to creating enclaves that reflect the city's tradition of being the most desired living destination in South Florida and reigniting George Merrick’s vision of Building Beautiful in the city.

Now, the new inlaid, terrazzo piece at Midnight Summer’s Dream that has been installed complements the stone sofa and the lush green landscaping throughout the park. The predominant coral color of the carpet also pays homage to the City’s traditional European vibrant charm that can be found throughout the Gables while the pattern in the carpet features a flower pattern that appears to be blooming, pulsating, or dancing through a coral field of flowers that represent the city’s people and rich culture.

The 30 foot long sofa and carpet act as an extension of a home at the park, together with the giant banyan tree that overlooks the living space, which creates an enormous amount of shade for those that want to lounge on the bench, also reflects the canopy-lined streets of Coral Gables. Additionally, two statuesque lamps that stand on each side of the sofa, frame and illuminate the living area at Balboa Plaza every night. Created by artists Roberto Behar and Rosario Marquardt.

Artist Julio Larraz is Celebrated at the Coral Gables Museum with a Retrospective Exhibition and Related Events

On Wednesday, December 1st, the Coral Gables Museum opened the exhibition, ‘Julio Larraz: The Kingdom We Carry Inside’ in collaboration with the Julio Larraz Foundation. Taking over the main three temporary galleries of the Museum, the show is the first museum retrospective of Larraz in the United States and will be on view through April 30th, 2022.

On that evening, a special viewing of Larraz’s latest video, Astral Flight (2021) by Ari Larraz, Laura Furcic, and Las Animas Films was held in the Museum’s courtyard.

As part of Art Basel Miami Beach morning schedule of events, the Museum hosted a Brunch and Book Launch of Rizzoli’s retrospective publication ‘Julio Larraz: The Kingdom We Carry Inside’ on Saturday, December 4th. With 200 paintings, 50 works on paper, and 10 sculptures ranging from the 1960s to the present, this is the most comprehensive book on the artist to date.

“As it is customary now, the Museum organizes a brunch on the last day of Art Basel Miami Beach as part of the Fair’s morning schedule of events. For us, this collaboration is very important as it attracts other people than our regular public, and doubles the impact of our show,” said Jose Valdes-Fauli, Coral Gables Museum’s Chairman.

“This exhibition has been much-expected. We have received amazing feedback from the public, and the numbers speak by themselves - even when there was a lot to see in the city during Miami Art Week we had over 500 attendees on those two days alone. We are looking forward to many more successful events in the months to come,” said John R. Allen, Coral Gables Museum’s Executive Director.

The Museum has announced a series of Curator Tours led by Chief Curator Yuni Villalonga that will take place during Gallery Nights (the first Fridays of the month,) starting on January 7th, 2022.

“These tours will offer an additional insight on the artist. Beside interesting anecdotes and stories that couldn’t be captured in the exhibition, we will have available facsimile copies of important catalogues in Larraz’s career that the public will be able to check out during the tours,” says curator Yuni Villalonga and adds, “We will soon announce other upcoming related events.”

Artist Julio Larraz (b. Havana, Cuba, 1944) is one of the most influential figures in Latin American art today. Throughout a career of six decades, institutional recognition has gone hand in hand with the admiration and following of colleagues and many younger painters from all over the world that praise his mastery of technique, color and light, and the poetry and subtlety of his work.

The show gathers works that span from Larraz’s early days in New York, as a caricaturist for major newspapers and magazines such as The New York Times, The Washington Post, and Vogue, to the drawings, paintings and sculptures realized in New Mexico, Paris and Florence, as well as in Miami, where the artist currently lives and works. Pieces are drawn from private and public collections, as well as from the Larraz family collection and archives, to represent all themes, mediums and key time periods of the artist’s life and oeuvre.

“Among the selection, there are important works in the artist’s life and career, such as his 1969 depictions of spacecraft Apollo 11’s launch from Cape Kennedy, while being one of the few selected artists to witness the moment when humans first landed on the moon; or the painting that represents Larraz in the CINTAS Foundation’s collection after a 1975 Cintas Award,” says curator Yuni Villalonga.

Coral Gables Museum is located at 285 Aragon Avenue, Coral Gables, Florida.

MG Developer Locks Down $16.5 Million In Equity Financing To Complete Coral Gables Luxury Townhome Projects

MG Developer, led by CEO Alirio Torrealba, has locked down $16.15 million in equity financing to complete two luxury townhome projects in Coral Gables, Biltmore Row and Althea Row. The projects are currently under construction after broking ground in February 2020. The financing was provided by PBVMF 23 LLC and was arranged by Jeffrey Donnelly and Dmitry Levkov of Colliers International South Florida.

The projects are being developed as part of MG Developer’s Biltmore Square, which features MG Developer nearby projects including apartment projects Biltmore Parc and the recently sold-out Beatrice Row. Biltmore Row features 10 townhome units and is located at 760 Valencia Ave. while Althea Row features 5 townhome units and is located at 735 Almeria Ave. Each townhome under development offers 4 bedroom floor plans and range from 4,514 to 5,524 square feet, featuring terraces, private loggias and luxurious finishes. Pricing starts just over $3 million per unit.

MG Developer Breaks Ground On Villa Blanc, Designed by Z.W. Jarosz Architect, In Coral Gables

 MG Developer continues to develop The City Beautiful, recently celebrating the groundbreaking of Villa Blanc, the firm’s latest project located on 311 Santander Avenue. At the evening celebration, guests enjoyed remarks by CEO Alirio Torrealba and Coral Gables Mayor Raúl Valdés-Fauli championing another highly anticipated development offering style and originality. The celebrations culminated at the Ninoska Huerta Pop Up Gallery at 290 Aragon Avenue, presented by MG Developer, providing a look into one of Villa Blanc’s nearby amenities with modern artwork from internationally renowned artists.

“We’re excited to be adding to our collection of luxury villas and homes that all have their own distinctive character in Coral Gables, South Florida’s true international city that offers its residents rich traditions, history and a vibrant culture that they can enjoy in their own backyard,” said Torrealba. “Villa Blanc is our latest contribution to the city’s storied heritage, as we continue developing the future of Coral Gables by building beautiful.”

Villa Blanc was designed by Z.W. Jarosz Architect and fuses contemporary with European notes of high-end luxury. The project brings refined French-style villas with an ideal location that trolleys between Miracle Mile and the Shops at Merrick Park, Villa Blanc introduces a lavish level of design and world-class sophistication. The project offers 4 upscale 3-bedroom villas with private studies. Pricing starts at $1.49 million with sales and marketing being exclusively overseen by Fortune International Realty. 

MG Developer's Beatrice Row Nears Completion in Coral Gables

MG Developer continues to build ‘The City Beautiful,’ this time with a new enclave of nine luxury Georgian townhomes situated along a dreamy tree-lined street in the  heart of Coral Gables. Beatrice Row, located at 744 Biltmore Way, is the second of four developments within a 150,000 SF planned residential community called Biltmore Square. Beatrice Row is now 70% complete and scheduled for occupancy in late spring, summer of this year. Beatrice Row is already nearly 50% sold out. 

Beatrice Row was designed by the internationally acclaimed architecture firm, De La Guardia Victoria Architects and Urbanists. Its distinguished façade features romantic arches, authentic brick and marble, coral stone details and hand-crafted bronze-finished balconies. Townhomes will feature 4 bedrooms and 4.5 bathrooms and range up to 5,500 SF. Pricing starts at $2.3 million. Each townhome offers 13' high ceilings, sculpturally intriguing staircases, and gourmet kitchens with refined custom cabinetry, marble countertops and premium appliances. Other details include private elevators, smart home automation, walk-in laundry rooms, four car garages and expansive covered terraces with built-in outdoor kitchens.

“We’re excited to be on the cusp of bringing this unparalleled townhome lifestyle to Coral Gables, which will be part of the magnificent Biltmore Square community,” said Alirio Torrealba, CEO of MG Developer. “Inspired by some of the most picturesque Georgian style neighborhoods around the world, Beatrice Row is the perfect expression of classic charm and urban sophistication.”

“There are currently no other comparable three-story luxury townhomes in the area, and certainly none with this level of attention to Georgian design and detail,” said Daniel Guerra, Vice President of Development Sales at Fortune International Realty.  “Beatrice Row is wholly unique and offers the complete Coral Gables lifestyle, from the exquisite neighborhood to the proximity to Coral Gables’ vibrant downtown.”

MG Developer recently launched a suite of curated, concierge-style services for Biltmore Parc and Beatrice Row. The program offers qualified buyers the opportunity to purchase and move in to their new residence with just 10% down. In addition to affording buyer them time to sell their existing home with more peace of mind, other benefits include coordinated design and décor services for buyers moving into a new residence. For buyers who list/sell their existing home through MG Real Estate Group, the listing commission that would have been due to MG will be applied to the purchase price of the new residence, reducing the overall cost of the home.  

MG Developer Launches Curated, Concierge-Style Real Estate Services

The boutique development company, MG Developer, is pioneering a new concept in concierge-style real estate services that allows buyers a newfound flexibility in the acquisition and disposition of homes. Qualified buyers interested in MG Developer’s luxury properties will be offered lucrative financing and services, aimed at making the move to MG’s properties effortless. 

MG Developer is a residential property development company based in Coral Gables, Florida, and is a subsidiary of MG Capital, which provides a comprehensive array of real estate-oriented services. MG Capital also manages MG Real Estate Group, which would list and sell buyers’ existing homes and then apply the accrued commission to the purchase of a MG Developer residence. 

Financing terms include ten percent down, the remaining 90 percent due within 12 months, and the sale of the buyer’s existing residence with no listing commissions. This allows buyers the flexibility to use those funds for a full year and a facile timeline to sell their current home. MG is currently completing the Biltmore Parc and Beatrice Row, both within walking distance of Downtown Coral Gables and Miracle Mile, and will be ready for occupancy this summer. 

Other concierge benefits include interior design and decor services - with the option of completion prior to moving in. The program is being launched at Biltmore Parc, a five-story development with units ranging from $1.2 million to $2 million, each offering a one-year membership to The Club at The Biltmore Hotel. Beatrice Row, MG’s second project, is a unique collection of nine, three-story Georgian style townhouses with prices starting at $1.4 million. Both developments will be part of MG’s 150,000-square-foot residential community called Biltmore Square, which will have a total of four residential buildings. 

Article by Katya Demina

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.”