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.

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Constellation Group and The Boschetti Group Break Ground on Cora Merrick Park, Coral Gables' First Wellness-Focused Luxury Residences

Constellation Group and The Boschetti Group celebrated the groundbreaking of CORA Merrick Park today, 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.

Local municipal leaders as well as key members of the design and construction team who spoke to guests at the event included Coral Gables Mayor Vince Lago; Constellation Group Managing Principal Eduardo Otaola; Jay Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida; and Arquitectonica Vice President Ray Fort.

Priced from the $900,000s to over $4 million for penthouse suites, Cora Merrick Park is designed by acclaimed architecture firm Arquitectonica with interiors by Urban Robot. It is among the first condos in Miami to seek 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.

The project is directly across from Shops at Merrick Park — Coral Gables’ world-class shopping and dining destination — and within walking distance of downtown Coral Gables and the Metrorail, offering easy access to Coconut Grove, the University of Miami, and Downtown Miami/Brickell. It is also just one block from 4225 Ponce, a newly delivered Class A, boutique office property anchored by wealth management firm UBS, also developed by Constellation Group and The Boschetti Group.

“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. “It also meets pent-up demand for new luxury product and offers a compelling alternative to the single-family home market. Cora Merrick Park is in an irreplaceable location that gives buyers the chance to own a piece of Merrick Park, delivering walkability, community, and the quality-of-life benefits that Coral Gables is known for — all in a finished turnkey project with world-class amenities.”

"South Florida continues to attract high-net-worth individuals and families relocating from across the country and around the world, and Coral Gables is one of the most exclusive and coveted addresses in the U.S.," said Jay Phillip Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida. "Cora Merrick Park speaks directly to the buyer who has experienced the best in New York, London, or São Paulo and wants a home in Miami that matches that high standard. Cora Merrick Park offers an exceptional location in a family-friendly city with historic charm that is close to the region’s best country clubs, schools, retail, and office centers.”

Spanish wellness firm Lamarca Well — best known for creating the first wellness hub in Madrid, Spain — is overseeing Cora’s wellness programming. The building’s amenities center 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.

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

The design offers a modern reinterpretation of the Spanish Mediterranean aesthetic, pairing coralina stone and marble with dark-stained oak — a nod to Coral Gables’ signature oak canopy. Textured columns, organic stone forms, and chevron-patterned porcelain tile from Spain’s Living Ceramics create a refined, wellness-focused interior environment. Outside, an original sculpture by celebrated Catalan artist Jaume Plensa anchors a lush 5,000-square-foot park.

The Berkadia Miami team of Scott Wadler, Mitch Sinberg, Matt Robbins and Brad Williamson arranged a construction loan which will be announced this month.

Winmar Construction is the general contractor for Cora Merrick Park.

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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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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

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Spanish Lifestyle Brand 'Lamarca Well' Makes U.S. Debut At Wellness-Focused Boutique Condo 'CORA Merrick Park'

Lamarca Well, the European-born wellness brand founded by sisters Magally, Mayra and Mischka Capriles, announces its first real estate consulting project in the United States: CORA Merrick Park in Miami, Florida. A joint venture between Constellation Group and The Boschetti Group, CORA will be among the first wellness-focused residential developments in Coral Gables, featuring 74 luxuriously appointed condo residences located in Merrick Park’s world-class shopping and dining district, within walking distance of downtown Coral Gables and the Metrorail, and just minutes from Coconut Grove, University of Miami and Downtown Miami/Brickell.

Best known for its 2018 transformation of a mixed-use property in Madrid into the Spanish capital city’s first wellness hub, Lamarca Well has evolved into a full-service lifestyle brand crafting experiences, environments and communities that support holistic well-being, health and longevity. In 2024, it launched its real estate consulting division, Lamarca Well Living, which today has residential and commercial projects in Spain; in Cascais, Portugal, where they are collaborating with world-renowned architects Foster + Partners; and now the United States.

“In Europe, wellbeing has always been seen as a way of life – it’s cultural, not commercial,” said Mischka Capriles, Co-Founder of Lamarca Well. “It’s only recently that the American market has come to embrace and recognize the connection between health and home. At Lamarca, 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.”

“Lamarca Well’s European approach to wellness fits perfectly in Coral Gables, a 100-year-old Mediterranean-inspired city designed for walkability, community and healthy living,” said Eduardo Otaola, Managing Principal at Constellation Group. “The team’s European credentials and expertise are one more thing that will set CORA apart from other high-end Miami residential developments and appeal to today’s more health-conscious buyer.”

Lamarca Well is led by sisters Magally, Mayra and Mischka Capriles, who combine expertise in operations, design and communications to guide each project from conception to completion. Mayra has a background in architecture; as a journalist, Mischka oversees brand strategy and marketing; and Magally manages operations and leads the firm’s projects abroad.

All three sisters collaborate to ensure each project is grounded in Lamarca’s core principles – clean air and water, biophilic design, optimal lighting, sound control and non-toxic materials. These technical wellness systems are consistent across projects, but strategies for social and mental well-being are tailored to reflect each community’s unique cultural and environmental context.

At CORA, Lamarca Well has been involved from the very beginning – working hand in hand with the developer, architect and interior designer from the project’s inception. This early integration allowed Lamarca to help shape every aspect of the development with wellness at its core. From the spatial programming and amenity selection, to the finishes, building materials and interior design, Lamarca provided guidance throughout to ensure CORA supports physical and mental well-being by design. Their goal is simple yet powerful: to help residents become healthier just by living at CORA – without needing to change their daily habits or routines.

Designed by world-renowned architecture firm Arquitectonica with interiors by Urban Robot, CORA combines European elegance with integrated wellness strategies including:

• Biophilic architecture and interiors to support emotional and cognitive well-being

• Advanced air and water purification systems to improve daily health outcomes

• Noise-reducing acoustic design for enhanced rest and focus

• Non-toxic and low-VOC materials to reduce indoor pollutants

• Community-building health amenities such as a tea room, yoga terrace and rooftop padel court

• A complete spa experience with steam room, sauna and hot and cold plunge pools

• Fitness and recovery center and rooftop resort-style pool with cabanas

A wellness kit for residents including:

• Red light therapy panels to support recovery and healthy skin

• Smart health monitoring systems to support stress management and better sleep

This property will also include a coworking lounge, executive boardroom, media room, outdoor kitchen and dining areas, and an art park in front – setting a new standard for mixed-used wellness integration in Coral Gables.

Lamarca Well has a satellite office in Coral Gables, and will curate a series of wellness events at the CORA sales gallery beginning this Fall. These will include expert-led workshops, health and longevity talks, and immersive wellness experiences, continuing the community-first spirit that defines Lamarca’s projects worldwide.

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Constellation Group and Boschetti Group Launch CORA Merrick Park in Coral Gables

Leading commercial real estate investment and development firms Constellation Group and The Boschetti Group have launched their latest venture, CORA, 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.

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.

“At CORA, our mission is to create a new exceptional living standard by naturally fusing wellness into all aspects of the project’s DNA – ultimately enhancing health, longevity, and well-being without disrupting daily life,” said Eduardo Otaola, Managing Principal at Constellation Group. “With CORA, we are introducing many firsts for Coral Gables, including the first rooftop padel court, and developing a 5,000 sq. ft. lush park featuring renowned art – creating a direct, walkable connection between the building and the Shops at Merrick Park. This project is truly designed to elevate the residential experience, offering unparalleled access to world-class shopping, dining, and green space in one of the most sophisticated neighborhoods in the world.”

Contributing to its visionary identity, the project brings together renowned design teams, including:

• Arquitectonica is crafting the iconic exterior and reimagining Mediterranean architecture for luxury wellness, incorporating oolite natural stone and bronze accents.

• Urban Robot is spearheading interior design, creating sophisticated spaces that capture the essence of European elegance while delivering optimum comfort and wellness.

"CORA is a one-of-a-kind development designed to meet the growing demand from health-conscious buyers seeking a seamless blend of upscale living and wellness, in a remarkable location conveniently positioned in the heart of one of South Florida’s most diversified retail centers," said Jay Phillip Parker, CEO of Brokerage, Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing, Florida. "The development team has set a new lifestyle benchmark in Coral Gables, one of the world’s most desirable neighborhoods."

“We are honored to collaborate once again with The Boschetti Group and Arquitectonica, a team with whom we share a proven track record, currently under construction on two other projects together,” added Otaola.

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. Located at 4241 Aurora Street in the prestigious Merrick Park district, CORA offers residents a seamless blend of healthy living, luxury, convenience, and culture. Entry prices for residences begin in the $900,000s.

The residences, from intimate one-bedrooms to expansive three-bedroom plus den homes (ranging from 678 to 2,651 sq. ft.), feature thoughtfully designed floor plans that maximize space and natural light through expansive windows. Each home showcases 10' ceilings, designer Italkraft kitchens with natural wood and stone finishes, Sub-Zero and Wolf appliances, and includes assigned parking. Every residence is crafted to focus on wellness and long-term comfort, setting a new standard for luxury residential living.

Lamarca Well is ensuring CORA’s comprehensive wellness features establish new standards for healthy living by implementing key design and infrastructure elements to support physical, mental, and emotional well-being. Advanced air and water filtration systems ensure the highest indoor quality, while biophilic design spaces incorporate natural materials, abundant greenery, and optimal lighting throughout. Smart wellness technology, including red light therapy panels and health monitoring systems, are integrated seamlessly into the living spaces. A dedicated wellness concierge trained in holistic well-being assists residents in maximizing these features, while multiple water features throughout the property also create a sense of serenity and calm.

The wellness experience extends to 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.

The amenity offerings continue with 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.

Drawing inspiration from Spain's sun-kissed coastlines and the refined elegance of European architecture, CORA’s design seamlessly blends classical Mediterranean elements—graceful columns, natural oolite stone, and intimate paseos—with contemporary design, creating an atmosphere that feels balanced, timeless, and thoroughly modern.

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

CORA joins Constellation Group and Boschetti Group's portfolio of successful Coral Gables developments, including 4225 Ponce, which is currently under construction and set to be completed this year, located just one block from CORA. Additionally, the co-developers recently announced the groundbreaking for Ella Miami Beach.

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CONSTELLATION GROUP BEGINS CONSTRUCTION ON UPSCALE OFFICE AND RETAIL DEVELOPMENT IN CORAL GABLES

Constellation Group, a Miami-based commercial real estate investment and development firm, along with The Boschetti Group, have broken ground on their Class A+ boutique office and retail project at 4225 Ponce de Leon Blvd in South Florida's renowned “City Beautiful.” This transformative development is poised to elevate the heart of Coral Gables' Merrick Park district, the region’s premier shopping and entertainment destination. The project is slated for completion in 2025 and recently locked down a $33 million construction loan from Miami-based Banesco USA and Abanca.

A groundbreaking ceremony was attended by members of the Constellation and Boschetti Group teams; Coral Gables Mayor Vince Lago; representatives from Banesco USA and Abanca, who provided the financing for the development; Arquitectonica; and Burke Construction.

“This is a very proud moment for us as we come one step closer to developing a best-in-class office destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a boutique-style building with modern office spaces and enticing amenities within a highly coveted location."

The eight-story property, strategically located in Coral Gables' shopping district, will span 85,000 square feet and is situated between 4225 and 4311 Ponce de Leon Blvd. Renowned for its innovative designs, architectural firm Arquitectonica has crafted a luxury boutique-style Class A+ Office with 5,500 square feet of ground floor retail space, premier office space, parking, and a 6,000 square foot rooftop venue, which will offer stunning panoramic views of the city and accommodate a food and beverage venue. A pedestrian plaza and paseo on the ground floor offering valet service will enhance the overall experience for tenants and visitors alike.

The interiors are designed by Interior Architects, Inc. while Naturalificial, a leading landscape architecture firm, will design outdoor spaces that harmoniously blend nature and modernity.

Constellation Group Locks Down $33 Million Construction Loan For Office Development In Merrick Park

Constellation Group, a Miami-based commercial real estate investment and development firm, and The Boschetti Group have locked down a $33 million construction loan from Miami-based Banesco USA and Abanca, for its upcoming office and retail development located at 4225 Ponce de Leon Boulevard in South Florida’s renowned City Beautiful, Coral Gables. This Class A+ boutique office and retail development is poised to elevate the heart of Coral Gables' Merrick Park district, the premier shopping and entertainment destination in South Florida. Colliers, a renowned real estate services firm committed to delivering exceptional experiences, will be handling leasing for both the office and retail spaces.

"We are very excited about the latest milestone in creating 4225 Ponce. We are also proud of our partnership with Abanca and Banesco USA which has entrusted us to develop a Class A+ destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a well-located boutique-style Class A office building to Coral Gables in a complicated yet supply-constrained environment.”

The eight-story property, which is strategically located in Coral Gables’ premier shopping district, will be between 4225 and 4311 Ponce de Leon and will span approximately 85,000 square feet. Renowned for its innovative designs, the internationally renowned architectural firm, Arquitectonica, has designed the luxury boutique-style Class A Office to include 5,900 square feet of ground floor retail space, parking, 70,000 square feet of premier office space, and a 7,000 square foot rooftop food and beverage venue offering stunning panoramic views of the city.

“Given the area’s sustained economic vitality, Banesco USA remains bullish on South Florida and is excited to grow our portfolio with Constellation Group by providing the financing for 4225 Ponce,” said Amelia Rodriguez, Senior Vice President of Banesco USA. “Coral Gables is in the midst of a residential and commercial building boom that continues to attract more residents and businesses. 4225 Ponce will add new product to the market, merging innovative Class A+ office spaces with dynamic ground-floor retail offerings, poised to further enhance the City Beautiful’s standing as a premier business and cultural destination. Banesco USA is proud to play a role in making this vision a reality and look forward to financing more innovative projects like this one in the future.”

"We are delighted to collaborate with Constellation Group and Banesco USA on this transformative endeavor to reinvigorate The City Beautiful,” said Monica Vasquez, General Manager at Abanca. “This partnership reflects ABANCA's commitment to supporting visionary projects that not only redefine the urban landscape but also contribute to the cultural and economic vitality of the community, and we look forward to witnessing the positive impact it will have on Coral Gables' dynamic and vibrant atmosphere."

The project represents a significant revitalization initiative that is taking place around Coral Gables’ Merrick Park district, with a development plan that aims to elevate the business and consumer fabric of Coral Gables. The estimated groundbreaking date is set for Q4 2023 and is expected to be completed in 2025.

Interior Architects, Inc. is responsible for creating functional and aesthetically pleasing spaces within the building. Naturalificial, a leading landscape architecture firm, will design outdoor spaces to blend nature and modernity harmoniously.

Notable features include four stories of premier-class A+ office space, a rooftop restaurant offering panoramic views of the city, outdoor terraces on each floor, ground-floor retail spaces, and a 1,500-square-foot lounge. A covered pedestrian plaza and paseo on the ground floor will also offer valet parking service, enhancing the overall experience for tenants and visitors alike.

Louis Vuitton Set To Open New Coral Gables Location at The Shops at Merrick Park

Louis Vuitton is set to unveil their new store in Coral Gables at the Shops at Merrick Park, reinforcing Louis Vuitton’s commitment to craftsmanship, savoir-faire and innovative design. The spacious location offers a suite of the Maison’s métiers, including men’s and women’s leather goods, accessories, connected objects, ready-to-wear, shoes, watches and jewelry, as well as selections from the most exclusive categories like the Maison’s iconic hardsided pieces.

Designed to resonate with its verdant and elegant surroundings, Louis Vuitton at Coral Gables features an expansive façade with macrame-inspired sliding panels. The organic technique is retained in the remarkably light and airy metalwork, which is woven into the Maison’s signature Monogram Flower emblem, the first time this design has been used stateside. Inside, a harmonious blend of wood, natural fibers, and refined decorative elements contributes to the resort aesthetic. An exceptional terrazzo floor features a unique pattern, specially made for this space.

The interior lounge is designed in an ode to the seminal Louis Vuitton Objets Nomades Diamond Screen by Marcel Wanders Studio, with the walls and ceilings fully swathed in the distinctive interlaced motif and subtly illuminated. Fine art is a focus throughout the store, with highlights including a commissioned 12ft custom surfboard fabricated by Joshua Martin, a second-generation creator of traditional handcrafted fine surfboards based in Los Angeles. Further oceanic references come from Hawaiian artist Taylor Binda’s giclee titled Lemonade, which adds a tropical accent to the location. Extraordinary furniture throughout the space includes notable wooden pieces by New York-based designer Andrianna Shamaris created within her studio in Sumatra, as well as accents from Iranian-French architect and designer India Mahdavi.

The Coral Gables store will feature both seasonal collections and signature Louis Vuitton pieces, carefully curated to reflect the local lifestyle. Exquisite fine diamond jewelry from the Blossom Silhouette and LV Volt collections will be on offer, as well as Tambour Horizon Light Up watches, the world's most creative connected watch. With a uniquely disruptive design, the watch sports a sapphire glass face adorned by 24 LED lights, creating a mesmerizing glow-in-the-dark animation. In the recherche hardsided category, special pieces such as a Coffret Trésor that has been recently reinterpreted with bold “Bleu Lagon” lining are available, alongside stately classics such as a Monogram eight-watch carrying case, the Coffret 8 Montres.

Ready-to-wear and shoes for both men and women are a key focus of the location, as well as extraordinary leather goods: in the Women’s universe, the Coral gables store will offer the Orsay, a new handbag shape inspired by classic French style that premiered on the FW23 runway. The Orsay features a subtle set of Louis Vuitton signatures, with its semi-rigid construction enhanced by the iconic N-Lock and side metallic brackets recalling the House’s historical trunks. Also as seen on the FW23 runway, the Petite Malle is reimagined in two new shapes: the Petite Malle Capitale and Vanity Case. In the Men’s universe, a mini soft trunk made from Metallic Nebula coated canvas - a traditional Monogram canvas with a silver halo surrounded by delicate rings of blue and purple at the top of the bag - contrasts with the subtle elegance of the supple Soft Polochon, a modern cross body bag fashioned from calfskin leather with the new Epi XL pattern.

Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming for the finest quality. Today, the Maison remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewelry and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.

The new Louis Vuitton Coral Gables store is located at 358 San Lorenzo Ave., Coral Gables, FL at the Shops at Merrick Park.

Images via Brad Dickson

Talent Hub Agency Acquires Ground-Floor Retail Suite At Merrick Manor In Coral Gables

Merrick Manor in Coral Gables has announced the sale of a ground-floor retail condominium to Talent Hub Agency, where the firm will open their new Miami headquarters following the acquisition. Merrick Manor is a mixed residential and commercial luxury condo building developed by the Henry Torres-led Astor Companies. The condominium offers nearly 20,000 square feet of prime retail space on the ground floor neighboring the Shops at Merrick Park. Manny Chamizo III, the Global Commercial Director of ONE Sotheby’s International Realty, arranged the sale of this Class A retail space to Talent Hub.

“With interest rates low, prospective commercial tenants are realizing they can buy their own spaces at prices on par with market rents and take advantage of appreciation while building equity,” Chamizo said. “Talent Hub’s purchase at Merrick Manor underscores how this building offers an unparalleled opportunity to buy Class A commercial product within a brand-new luxury mixed-use building just steps away from the world-class Shops at Merrick Park.”

Talent Hub is co-owned by Puerto Rican actor, singer and songwriting Carlos Ponce. The agency represents many A-list influencers and celebrities which will add even more character to the already existing and diverse mix of retailers and businesses at Merrick Manor. Existing businesses include Anaïs Nails & Spa, Body Details, Elegance Beauty Salon, Sweat 440, Trésor and a substation for the Coral Gables Police Department. Coral Gables business district is the perfect location for many businesses as it is easy to commute from Downtown Miami and Miami International Airport. This central location is even walkable to Miracle Mile.

“Merrick Manor is an ideal location for Talent Hub’s Miami headquarters,” Ponce said. “The quality of the building is impeccable. We look forward to helping our talented members realize their vast potential in our new home.”

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative at Merrick Manor located at 301 Altara Avenue in Coral Gables.