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:

Rieber Developments Breaks Ground on 12|12 Aventura in the Aventura Health District

Aventura-based Rieber Developments has announced the groundbreaking of 12|12 Aventura, a 10-story complex comprising of a 30,000-square-foot gourmet marketplace and food hall, 25,000 square feet of offices, a 160-residence luxury senior residential component, and a structured parking garage, all with interiors designed by Interiors by Steven G.

The Arquitectonica-designed mixed-use project and its sister development Ivory 214, a medical and professional office building accompanied by a Tapestry Collection by Hilton™ hotel, will both serve as the epicenter of a planned ‘Aventura Health District.’

12|12 Aventura is nestled near a designated ‘medical office district’ which includes many of Aventura’s leading medical facilities. The $100 million project is also surrounded by 300 medical and professional practices and services, including Aventura Hospital, one of the only two facilities in Miami-Dade County with the designation of a Level II trauma center.

The centrally located development is also situated less than a mile away from Aventura Mall and from major thoroughfares including US 1, I-95, and the Florida Turnpike. With its own vibrant Chelsea Market-style food hall on the ground floor, 12|12 Aventura is uniquely positioned to serve the local community and guests alike a designation for shopping and dining.

“Breaking ground on 12|12 Aventura is a significant milestone for us, especially in these challenging times,” said Bernardo Rieber, principal of Rieber Developments. “Our philosophy in creating this project has always been to bring something new and unique to the neighborhood, melding community, culture, health, and wellness to benefit the area. We are extremely proud to move one step closer to delivering this project, and furthering the Aventura Health District.”

Cervera Real Estate is the exclusive brokerage for 12|12 Aventura’s office condos, forty percent of which are already sold and under contract. Construction is being led by Winmar Construction, an affiliate of Coastal Construction. The development is expected to be completed in 2022.

By Isabella Zimmermann

Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

The Aventura-based Rieber Developments has announced that they have closed on a $36 million construction loan for Ivory 214. The loan was provided by the Miami-based BridgeInvest and was formally granted to the property’s development LLC, Shalev Development Group. Ivory 214 is already under construction after general contractor Winmar Construction, an affiliate of Coastal Construction, broke ground in March 2018 and is on schedule to complete the project in the first quarter of 2020.

When complete Ivory 21 will be a 10-story medical and professional office building with an accompanying Tapestry Collection by Hilton™ hotel. Along with its recently announced sister project, 12|12 Aventura, the projects will serve as the epicenter of the ‘Aventura Medical District.’ Ivory 214 is a Class A+, state-of-the-art facility featuring an independent hotel and medical office space. The contemporary building is comprised of 10,942 SF of retail, 38,191 SF of offices, 100 hotel rooms, and 313 parking spaces.

The significant project milestone comes on the heels of the extraordinary sales interest for the project’s office condos, which has just four office spaces remaining, from the original 34. Sales of the Ivory 214 office condos has been led by Cervera Real Estate as the exclusive broker.

“Securing the construction financing for Ivory 214 is an especially proud moment and a key step in delivering this compelling project to Aventura,” said Bernardo Rieber, principal of Rieber Developments. “Today’s closing is an endorsement of the continued strength and market appeal of Ivory 214 as we continue our forward momentum.”

Driftwood Hospitality Management will serve as the hotel operator of the Tapestry Collection by Hilton™ hotel which will feature 100 extended stay rooms complete with kitchenettes, and premium amenities including a fitness center, pool and cabanas, meeting rooms, a lounge area, restaurant and bar, rooftop terrace, valet parking, and 360-degree views of Aventura.

Located at 2820 NE 214 St, Aventura, FL 33180, Ivory 214 boasts a prime central location, less than one mile from Aventura Mall, and directly adjacent to Aventura Hospital.

Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

The Aventura-based Rieber Developments, led by Bernardo Rieber, has revealed plans for 12|12 Aventura, a mixed-used project with offices for medical professionals, a luxury senior living component and vibrant dining and shopping. Set to be among the first of its kind in South Florida, the visionary project, along with its sister development, the under-construction Ivory 214, a medical and professional office building with an accompanying Tapestry Collection by Hilton™ hotel, will serve as the epicenter of the ‘Aventura Medical District.’ 12|12 Aventura is situated in a prime location at 21290 Biscayne Blvd, Aventura, FL 33180, less than one mile from Aventura Mall, and directly adjacent to Aventura Hospital. The centrally located development will serve as a destination for dining and shopping for area guests and locals alike, while offering a unique mix of medical and professional office condos, a luxury senior community and commercial retail complete with a Chelsea Market-style food hall on the ground floor. Designed by Arquitectonica, 12|12 Aventura will be a 12-story complex consisting of 30,000 SFof commercial retail space, 30,000 SF of offices, a 150-residence luxury senior living component and a structured parking garage. ID & Design International is outfitting the interiors of the common areas throughout the project.

“Our vision for 12|12 Aventura and the Aventura Medical District is to meld community, culture, health and wellness with unmatched convenience for our tenants, patrons and residents. We believe healing begins with architecture, and when we set out to develop this project we ensured every element was thoughtfully designed with this in mind,” said Bernardo Rieber, principal of Rieber Developments. “Offering a state-of-the-art food hall, lively contemporary restaurants, enticing retail and offices as well as modern-style luxury senior living where residents can interact more, this project was truly created to complement the surrounding community.” 

Sales of the 12|12 Aventura office condos recently launched with Cervera Real Estate as the exclusive brokerage. General contractor Winmar Construction, an affiliate of Coastal Construction, will break ground on the project in December 2019 with completion slated for 2021.