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

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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. 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.