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.”

Featured Listing: Check-Out A Luxurious, Organic Contemporary With Zen Vibes in Coral Gables

Nestled in a tropical oasis in Coral Gables sits 4131 S Douglas Road, an organic contemporary with zen vibes. The home features 7,222 SF of living area spread over 6-bedrooms and 6 bathrooms with an additional 2 half-baths. Luxurious finishes such as Noble Oak wood flooring, an open Italian kitchen with a Brazilian stone countertop, a master bedroom with private terrace and outdoor jacuzzi, and a floating staircase highlight the interior. Outside an IPE wood pool deck is complete with a Sonos sound system and outdoor summer kitchen with grill and wet bar. 4131 S Douglas Road is currently listed for $4,550,000 with Chad Carroll of Douglas Elliman.

Construction Update: The Astor Companies' Merrick Manor Tops Off Early in Coral Gables' Merrick Park

Astor Companies' Merrick Manor has now seen construction top-off on the 10-story building early. The project was anticipated to top-off at one point in early 2018. Located at 301 Altara Avenue behind Merrick Park in Coral Gables, the 227-unit condo building was designed by Behar Font & Partners with interiors by Steven G. Units come in one to five bedroom floor plans, ranging from 747 SF to 3,400 SF. Pricing starts around $500,000 and ranges up to $2.5 million. Residences will feature custom wood doors, spacious terraces and gourmet kitchens with white quartz waterfall island and countertops and Bosch and Duravit appliances. Merrick Manor will feature resort style amenities including pool, state-of-the-art gym, 24-hour valet, 24-hour concierge, business center and 19,000 SF of ground-floor retail and restaurant space. Merrick Manor is currently over 55% under contract and completion is now expected in Q4 of 2018.

“We are excited to celebrate this important milestone for our project,” said Henry Torres, President, CEO, and Founder of The Astor Companies. “It is a testament to the incredible team at general contractor Jaxi Builders that we were able to reach this stage so far ahead of schedule – even with the recent interruption from Hurricane Irma. Our buyers will now be able to enjoy the unparalleled lifestyle Merrick Manor offers sooner.”

Check-out more renderings from our March 2017 Construction Update on Merrick Manor. 

Check-Out The Zyscovich Architects-Designed Proposal To Redevelop The Shops at Sunset Place

A Zyscovich Architects-designed proposal to redevelop the Shops at Sunset Place is under review by the City of South Miami's Special Planning Board. The developers goal is to reenergize the existing, aging, Shops at Sunset Place into a lively mixed-use, urban district. The proposal calls for the addition of a "substantial residential component" including a hotel, restaurants, retail, offices and outdoor parks/gardens. Among the residential towers include a 17-story hotel with 182 hotel rooms, and two 14-story residential rental buildings with 442 units total. The first phase of the project would include demolishing and rebuilding large sections of the existing shopping center to update it with a more up-to-date, modern design. The second phase is to add a "true resident population." The redevelopment is being designed by Zyscovich Architects and Developed by Federal Realty, Grass River Realty and Comras Company.

CADE Capital Partners Breaks Ground on MB Station on Coral Way

CADE Capital Partners has officially broken ground on MB Station, their mixed-use project located on Coral Way. The project will rise 17-stories and will feature 190 rental units, 4,805 SF of ground floor retail space, and Shenandoah Fire Station #14, which will be located in the rear base of the building. Amenities will include an outdoor courtyard with a pool, a community club room, a fitness center, and a yoga room. MB Station is located at 3170 Coral Way and is expected to be completed in Q4 2019. 

“We are thrilled to introduce MB Station to one of Miami’s most dynamic residential neighborhoods. As we enter our collaborative venture with the City of Miami, we are honored to deliver the highly anticipated fire station to the Shenandoah community,” said John F. Marquez, CEO of CADE Capital Partners.

Casa Costanera, the Ultra-Private Bacardi Cocoplum Estate, Drops Price to $24,999,999

Casa Costanera, the ultra-private Bacardi Cocoplum Estate, has dropped the price to $24,999,999. The custom designed home, which is located at 300 Costanera Road in Coral Gables and was completed in May 2016, is owned by the great great granddaughter of Bacardi founder Facundo Bacardí Massó. The 21,546 SF mega-mansion sits on 1.3 beautifully landscaped acres with over 480' of water frontage. Casa Costanera is 13 bedroom Italian villia with 12 full-bathrooms and 2 half-baths, 3 kitchens, commercial elevator and features the finest craftsmanship, designer interior finishes. It also features beautifully landscaped grounds that house separate staff or guest quarters and an outdoor entertainment area with pool and 100-foot concrete dock with direct access to Biscayne Bay via the Coral Gables Waterway. Casa Costanera is listed with Barbara Estela and Hilda Jacobson of Douglas Elliman. Tour the stunning estate below as well as our original feature when the estate hit the market for $27,260,000.

Featured Listing: Coral Gables Estate in Tahiti Beach with Chanel Style Master Bedroom Lists for $19.995 Million

12 Tahiti Island Road in Tahiti Beach, an ultra-private enclave of Coral Gable's Cocoplum, has hit the market for $19,995,000. The home features a unique, Chanel styled master bedroom that features Chanel pillows and a headboard styled after the purses including the same quilted, lambskin. The estate is 6 bedrooms, 7.5 bathrooms spread over 10,441 SF. The home also features a movie theater, views of the Miami Skyline and 127 feet of waterfront complete with a pool and private dock. The home is currently listed with Dora Puig of Luxe Living Realty. Enjoy the photo tour below. 

Featured Listing: Contemporary Coral Gables Spec Home Lists for $14 Million

A stunning new spec home at 445 Solano Prado in Coral Gables has hit the market for a cool $14 million. The home is 7,398 SF spread over 7 bedrooms and 8 bathrooms. The contemporary new construction estate features a floating master bedroom, walls covered in natural stone sourced from Spain, interior design by Porcelanosa Corporation and Italian Calacatta marble countertops in the kitchen. Outdoors the home features a rooftop terrace, infinity pool, and 171 feet of water front. The home was built as a collaboration between Condores Capital, a Chilean luxury home developer, and The Jills of Coldwell Banker. 445 Solano Prado is currently listed for $14 million by Danny Hertzberg of The Jills at Coldwell Banker Real Estate. 

Coral Gable's Historic Biltmore Hotel Releases Renderings of Lobby Renovation

The historic, 91-year old Biltmore Hotel in Coral Gables is undergoing an extensive renovation which includes updating the main lobby. The redesign is being headed up in a collaboration between D'Shakil Designs and Studio 5 Design + Architecture. The work is expected to be completed this summer and features a modern spin on the the traditional style including new green and blue tufted velvet furniture, drapery, wood inlays, gold leaf and wool carpeting. The Biltmore Hotel was originally completed by George Merrick, founder of Coral Gables, in 1926. At 315 feet it was the tallest building in Florida at the time and still features an 18-hole championship golf course and a 600,000-gallon pool to this day. 

“These new enhancements will bring an added element of style to the hotel, creating an improved sense of luxury that also reflects The Biltmore’s historic legacy. This new design will bring a fresh take to the details and décor of the lobby, all while continuing to offer guests a glimpse into the hotel’s storied past," says Matthias Kammerer, Managing Director at The Biltmore Hotel.

Featured Listing: Tour Casa Costanera, the Ultra-Private Bacardi Cocoplum Estate Listed for $27,260,000

An ultra-private Cocoplum estate that is owned by Hilda Maria Bacardi of the family-owned spirits company, is currently listed for $27,260,000. Located at 300 Costanera Road in Coral Gables, the 21,042 SF mega-mansion sits on 1.3 beautifully landscaped acres with over 480' of water frontage. Casa Costanera is 13 bedroom Italian villia with 12 full-bathrooms and 2 half-baths, 3 kitchens, commerical elevator and features the finest craftsmanship, designer interior finishes. It also features beautifully landscaped grounds that house separate staff or guest quarters and an outdoor entertainment area with pool and 100-foot concrete dock with direct access to Biscayne bay. Casa Costanera is listed with Barbara Estela and Hilda Jacobson of Douglas Elliman. Tour the stunning estate below.