Location Ventures Completes Luxury Condominium 'Villa Valencia' In Coral Gables

Following record-breaking sales and its distinction as the first U.S. condominium development to integrate the revolutionary Delos’ DARWIN™ Home Wellness Intelligence network, Location Ventures has received its TCO for Villa Valencia. The now complete luxury condominium building in Downtown Coral Gables delivers a collection of 39 luxury condominiums which are currently 95% sold. The building was constructed by general contractor Winmar Construction. Closings are currently underway, and residents have begun to occupy their residences.

Villa Valencia has a limited amount of inventory remaining, including a $14.9 million upper penthouse which is also the most expensive listing in the submarket. Throughout its sales process, the building has set an unrivaled new standard for luxury condominium living in “The City Beautiful,” currently holding the record for the condo with the highest price-per-square-foot ever sold in the area at $1,100 per square foot.

Villa Valencia is centered on three pillars, nature, technology and wellness, to promote optimal living unlike any other. At its coveted address, 515 Valencia Avenue, the development has integrated Delos’ pioneering DARWIN Home Wellness Intelligence network within residences, as well as throughout common areas. This exclusive system is the world’s first platform aimed at enhancing human health, well-being, sleep and performance by monitoring and calibrating air, light and water quality. It aligns technology with nature’s intent by using innovation to bring the best of organic outdoor conditions, inside.

“Not only is this a pivotal moment for Location Ventures and Coral Gables, but also for wellness real estate,” said Rishi Kapoor, CEO of Location Ventures. “Villa Valencia showcases the ongoing demand for health-centric amenities and well-designed spaces that mirror those of nearby estates. Located in a desirable, growing Miami suburb, it is a testament that high quality and timeless elegance in a legacy offering is in great demand.”

With wellbeing as a centerpiece, Villa Valencia’s amenity program leaves no stone unturned. The building is complete with a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, as well as a state-of-the-art fitness facility with yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens, spacious sunbeds and resident-owned cabanas.

Most recently, Villa Valencia debuted Elevate Wellness, a bespoke wellness program that presents spa and wellness services tailored to residents’ needs. This includes closet organization, physician-led health evaluations, acupuncture for humans and canines, dietician-led consultations, and more. The project will also feature an adjoining 9,000-square-foot public park with lush landscaping, contributing to Coral Gables’ green spaces.

Villa Valencia’s architectural DNA is a fresh rendition of Coral Gables signature Mediterranean architecture style, paired with tropical modern interiors. Each residence features private elevator entry and superior finishes such as European flooring, exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops. Expansive outdoor terraces accompany each living space.

“We are proud to be a part of Villa Valencia’s journey from conception to completion,” said Daniel de la Vega, President, ONE Sotheby’s International Realty. “Location Ventures set out to deliver one of the most iconic buildings in the city, and that is exactly what they did. Villa Valencia is a market maker in a category of its own. With over $100 million sold to date, this is an unprecedented moment for our teams and the incredible city of Coral Gables. We are truly privileged to have achieved this milestone together.”

Villa Valencia Breaks Record For Most Expensive Condo Sale In Coral Gables

Villa Valencia just completed the most expensive condo sale of all-time in Coral Gables with Lower Penthouse South for $6.5 million. To date, the building has sold 50% percent of its inventory and earlier this year celebrated ‘topping off’ at 13 stories.

“Our goal is to deliver a landmark project to the area and this monumental sale makes it even more rewarding,” said Rishi Kapoor, CEO of Location Ventures, the developer behind the condominium. “It showcases how high-quality, wellness real estate is taking over.”

The sky estate encompasses half of the 12th floor, boasting 4,211 square feet of indoor space and an expansive 2,179-square-foot terrace with breathtaking views of the city, golf course and bay water horizon. Accessed directly via a personal elevator, the five-bedroom, five-and-a-half-bathroom residence includes custom millwork, a spacious media and entertainment room, grand master bedrooms and a large outdoor kitchen and wet bar complete with a private pool. Designed on the pillars of nature, technology and wellness, the home is integrated with Delos’ DARWIN™, a pioneering home intelligence system that delivers clean, fresh air, energizing light and pollutant-reduced water, creating an environment that brings the best of the outdoors, inside.

Each residence interior at Villa Valencia will showcase a private foyer and elevator entry, complete with superior finishes, including European flooring, 10-foot exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops. On the outside, the façade features a modern take of Coral Gables’ signature Mediterranean architecture style, designed by Hamed Rodriguez Architects.

In the boutique building, residents can enjoy an amenity portfolio that leaves no stone unturned. The wellness program includes a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, alongside a state-of-the-art fitness facility with areas for yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens and spacious sunbeds for relaxation. A dinner party can be hosted in the Cucina, while a game night can take place in the lively entertainment room, followed by movies in the theater. An executive room with video conferencing allows professionals to work from home with ease. It overlooks the adjacent park, whose grassy field features a large sculpture and water features. Nearby a dog run is perfect for pet lovers.

For residents looking for additional private space, poolside cabanas and private garages are also available for purchase.

Located in the heart of the City Beautiful, the building has direct access to Miami International Airport and is blocks from Miracle Mile. The Greater Miami Area is a rapidly expanding economic hub, and Coral Gables alone is home to 20 consulates and 140 multinational corporations. It is an ideal community with “Class A” office space, top private and public schools and universities, country clubs, golf courses and world-class culture – all within steps to Villa Valencia.

Villa Valencia residences start from $2 million; limited residences remain.

For more information, visit www.villavalencia.com or call (786) 971–6680.

Images via Villa Valencia. This article was sponsored courtesy of Location Ventures.

Villa Valencia Tops Off With $7 Million Sold In First 30 Days Of 2021 In Coral Gables

SPONSORED - Villa Valencia has topped off construction of the 13-story luxury condominium development on the heels of closing $7 million in sales within the first 30 days of 2021, an impressive position in the Coral Gables condo market. The project is now 40% sold. Developer Location Ventures celebrated the milestone with an intimate gathering at 515 Valencia Avenue, where the impressive sales gallery is located.

Rishi Kapoor, CEO of Location Ventures, spoke before notable guests and city officials, including City of Coral Gables Vice Mayor Vince Lago, Coral Gables Chamber of Commerce President & CEO Mark Trowbridge, General Contractor Winmar Construction and the ONE Sotheby’s International Realty sales team.

“We are extremely grateful to reach this landmark achievement in construction while experiencing continued interest and strong sales in January,,” said Kapoor. “Thanks to our dedicated team, Villa Valencia will be delivered later this year with unmatched amenities and offerings, supporting our vision of creating Coral Gables’ most luxurious address by bringing together great design, wellness, nature and forward-thinking technology.”

Buoyed by the surge in single-family home sales, the project experienced a 50% uptick in buyer interest since December. This is in part due to locals seeking to “right-size” their living space, according to Kapoor, as a result of the continued wealth migration to Coral Gables, leading to increased demand for luxury condominiums.

Villa Valencia buyers have also eyed additional onsite amenities for purchase. Elements that make the residences further resemble an estate, such as poolside cabanas and private garages, have recently sold for more than $2 million in total.

Ninety-five percent of the building’s buyer pool is comprised of C-suite executives or business owners who are attracted to Villa Valencia’s career-centric offerings. These include a fully equipped boardroom with innovative video technology and the option of working closely with the developer to customize a home office design within their private residence.

The prime locale is another selling point, with direct access to the Miami International Airport and blocks from Miracle Mile. The Greater Miami Area is a rapidly expanding economic hub, with Coral Gables home to 20 consulates and 140 multinational corporations. It is an ideal community with “Class A” office space, top private and public schools and universities, country clubs, golf courses and world-class culture – all within minutes of the project.

Villa Valencia will include a wellness program that leaves no stone unturned. To promote relaxation and optimal health, core tenements of the brand, a rich spa and extensive fitness offerings will present a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, as well as a state-of-the-art exercise facility with yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall will be complemented by two summer kitchens and spacious sunbeds.

Fostering better health, each residence will feature the Delos DARWIN™ Home Wellness Intelligence network. Villa Valencia is the first condominium project in the U.S. to offer the system in the residences, procured and installed by HEDsouth, a premier technology integration and automation company. DARWIN™ uses tech innovation to bring the best of natural outdoor conditions inside, as it passively monitors for allergens, excess carbon dioxide, and harmful particles, in addition to heavy metals and bacteria in drinking water.

In addition to the DARWIN™ system, each home interior will showcase a private foyer and elevator entry, complete with superior finishes, including European flooring, 10-foot exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops. On the outside, the façade displays a modern rendition of Coral Gables’ signature Mediterranean architecture style, designed by Hamed Rodriguez Architects.

Villa Valencia residences start from $1.8 million.

For more information, visit www.villavalencia.com or call (786) 971–6680.

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

PROFILE Exclusive: Strong Sales at Villa Valencia Total $12 Million in Last 30 Days

Despite global market challenges, Villa Valencia has experienced strong sales momentum in the last 30 days. In that time, the project sold $12 million of inventory, or four residences ranging from three- to four-bedrooms. Most new construction condominium projects have been selling at 30-50% of pre-COVID sales volume.

Many buyers are local to Coral Gables, a historically fortress market known for stability and long-term investment value, and others came from Mexico. The property is now 25% sold.

“These recent sales have reinforced the notion that high-quality and well-thought-out condominium residences will remain a prime interest, no matter the circumstance, as buyers see the long-term value that transcends the current climate,” said Rishi Kapoor, CEO of Location Ventures.

Villa Valencia recently introduced an exclusive, limited-offer financing program for serious buyers, adding a level of certainty in today’s market. The zero-finance opportunity, via an asset-based loan, provides funds to be applied toward a Villa Valencia contract deposit. 

The project’s estate-sized units span up to 6,263 square feet and provide intimate residential living without compromising space. Its boutique ambiance combines tropical modern interior spaces with Mediterranean design that is synonymous with Coral Gables.

Each of the condominium units will include the Delos DARWIN™ Home Wellness Intelligence network, which delivers residents with clean, fresh air, energizing light and pollutant-reduced water. Procured and installed by HEDsouth, a premier technology integration and automation company, Villa Valencia’s partnership with Delos’ allows the DARWIN system to align technology with nature’s intent by using innovation to bring the best of natural outdoor conditions inside. Villa Valencia is Delos DARWIN™’s first U.S. condominium partnership.

Residences start at $1.65 million. Construction is underway with completion anticipated for Summer 2021.

Article by Katya Demina

For more information about Villa Valencia, private showings or purchase information please fill out the form below:

Wellness Real Estate Is On The Rise. Inside Healthy Homes With Cyber-Wellness.

The world’s first home automation system was invented in 1966 by Jim Sutherland. ECHO IV, or Electronic Computing Home Operator, allowed users to control their home’s temperature, store recipes or shopping lists, and power appliances. However, ECHO was never commercially sold. 

It would only be until the 1970s when general-purpose home automation technology would be first introduced to the public. At first, the technology was only simple enough to make appliances and light fixtures in homes run more efficiently. Since then, home automation has evolved into smart-home technology and integrative systems for climate, entertainment, security, and more. One such system is the 2019 DARWIN Home Wellness Intelligence platform, the first of its kind ever.

DARWIN is a network designed to be integrated into the home and target respiratory, cardiovascular, and immune and cognitive health through methods including air purification, water filtration, circadian rhythm lighting, and comfort-focused technologies to simulate the outdoors. According to Delos, the company behind DARWIN, the system uses algorithms and sensor technology to help reduce stress, improve quality of sleep, and increase performance. 

Delos believes that our environment, or our homes, are the places that contribute the most to our health--up to 70%, they claim. 

Consumers are considering their health and the ways in which they can upgrade their homes with new technologies more than ever before, especially while many are self-quarantining due to the COVID-19 pandemic. One of the more popular and readily available automation devices is the Amazon Echo, which is a smart speaker that allows users to answer questions, play music, and control home devices. Amazon said in January of 2019 that more than 100 million “Alexa” devices had been sold, highlighting the demand that has risen towards these types of systems.

One Miami-based company that has been the catalyst that simplifies complex innovations in personalized solutions is the tech integration company HEDSouth, which has been installing wellness technology in homes and other spaces since 2018.

HEDSouth is now one of the first 50 accredited and approved dealers for DARWIN, and the only Miami installer for it. HEDSouth, which has expanded into Southern California, also carries electronics and luxury brands such as Lutron for lighting and custom motorized shades, Sonos for Music, Sony for premium video entertainment, and Crestron, Savant, and Josh.ai for complete and simple control.

Developers, real estate leaders, and design professionals alike are thinking ahead about the future of at-home wellness technology, with much of South Florida welcoming its first wellness residences. These include private single-family homes and Coral Gables’s Villa Valencia, the first U.S. condominium development to debut DARWIN. Projects by HEDSouth with wellness elements are underway in Boca Raton, Weston, Fort Lauderdale, and Miami. 

By Isabella Zimmermann

PROFILE Exclusive: First Look at Location Ventures New Renderings of Villa Valencia Entertainment Spaces

Villa Valencia developer Location Ventures, led by CEO Rishi Kapoor, has just released brand new renderings of the boutique project in a PROFILE exclusive. The images reveal the building’s entertainment spaces, designed to promote community and foster relationships, offering a neighborhood feel to condo living. New images include the luxe lounge & terrace, movie theatre and outdoor cucina with sweeping city views.

Recently, Villa Valencia completed $10 million in sales at record-breaking prices for the area. The project broke ground in June 2019 and will feature 39 ultra-luxury, estate-sized residences once completed. The building includes units that range from three-to five-bedrooms, spanning 2,616 to 4,267 square feet, and several penthouses. Each of the penthouses will have a private plunge pool, while every home will have deep terraces and at least one corner exposure, offering views of the city skyline and golf course.

The 13-story development is keen on presenting a refined, modern living experience that is centered on wellness. It is the first U.S. condominium to partner with Delos to offer its DARWIN Home Wellness intelligence network, which uses innovation to bring the best of natural outdoor conditions, inside. Kapoor says, "One of our core philosophies is wellness. And at Villa Valencia, we believe that the buyer sees health as the ultimate wealth, leading them to strive for a daily environment that is as healthy as their lifestyle. By providing wellness enhancing features such as air purification, circadian lighting, and water filtration through DARWIN by Delos in every residence, we are taking a stake in the expanding welltech industry to create real estate that is better for residents and fits with their day-to-day philosophies." 

In addition to the entertainment spaces, a complete amenities program will include a hammam, steam room, hydrotherapy plunge pools, his-and-her saunas, 78-foot resort-style pool with a lap lane and waterfall that is complemented by two summer kitchens and spacious sunbeds, tea room, lively entertainment room with billiards, as well as golf and driving simulators in addition to a state-of-the-art fitness center.

Villa Valencia residences start from $1.65 million.

By Stephanie Warren

Villa Valencia Launches Sales In Coral Gables

Villa Valencia has launched sales in “The City Beautiful,” bringing a new residential address that blends private luxury with a true downtown lifestyle. The project is being developed by Location Ventures, the Miami-based real estate investment firm with a portfolio of residential and mixed-used projects throughout South Florida. Villa Valencia will be a collection of just 39 ultra-luxury condominium residences rising 13-stories in Coral Gables, located at 515 Valencia Avenue. Designed by Hamed Rodriguez Architects, Villa Valencia’s façade is a fresh interpretation of the architectural style of Coral Gables, which harmoniously blends with its tropical modern interiors by CMA Design Studio, led by Principal Owner Cesar Molina.

Residences will range from three- to four-bedrooms spanning 2,616 to 3,276 SF on a single level. Two lower penthouse levels encompass the 11th and 12th floors, with units ranging from 2,678 SF, with 343 SF of terrace, to 4,267 SF, with more than 2,000 SF of covered and uncovered terraces. Marking the pinnacle of luxury is the full-floor, six-bedroom penthouse on the top level, a villa in the sky, at 6,263-SF, that will be complete with a private elevator and pool, 10-foot ceilings, and an expansive 4,646-SF terrace. All residences present open floor plans with deep, wide terraces and at least one corner exposure, offering sweeping views of the city, golf course, and water. Residences provide private foyers with elevator entry and are adorned with superior finishes. This includes exquisite European flooring, 10-foot exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops.

“Villa Valencia fulfills a vision to unite estate-like living and a condominium setting without compromise,” said Rishi Kapoor, CEO of Location Venture. “To accomplish this, we have carefully conceived one of the most well-thought designs and amenity programs seen in a boutique project within this market. Coral Gables is long-recognized for its exceptional quality of life, and this project emulates that sense of timeless luxury.”

“Today’s affluent buyer, especially those seeking to live in Coral Gables, expects a product that feels customized to their needs, while fitting seamlessly into the context of its location,” added Daniel de la Vega, President of ONE Sotheby’s International Realty. “Villa Valencia leaves no stone unturned in its offerings and we are excited to unveil it to our network and the market.”

Wellness will be a centerpiece at Villa Valencia, with a rich program of spa and fitness offerings to promote relaxation and optimal health. This includes a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, as well as a state-of-the-art fitness facility with yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens and spacious sunbeds.

Residents will be able to live, work and entertain guests comfortably in a selection of venues throughout the property, as a secondary option to in-home hosting. A tea room with a coffee bar makes for intimate early morning and afternoon gatherings, while a dinner party is ideal in the Cucina that features a full-size kitchen and full bar open to the pool deck. For engaging recreation, the lively entertainment room will have billiards, and golf and driving simulators. In contrast, an executive room with video conferencing will also allow working from home with ease while the library, with an outdoor terrace, is a tranquil haven overlooking a lush park with shaded trees. Keeping pets in mind, the park will also feature a play area for dogs with a green space and exercise run. Valet parking, 24-hour concierge and private garages make security and discrete living a priority.

Villa Valencia residences start from $1.65 million with sales and market being exclusively represented by ONE Sotheby’s International Realty. The project expects to be delivered move-in ready, completion is anticipated for summer 2021.