MG Developer's Beatrice Row Nears Completion in Coral Gables

MG Developer continues to build ‘The City Beautiful,’ this time with a new enclave of nine luxury Georgian townhomes situated along a dreamy tree-lined street in the  heart of Coral Gables. Beatrice Row, located at 744 Biltmore Way, is the second of four developments within a 150,000 SF planned residential community called Biltmore Square. Beatrice Row is now 70% complete and scheduled for occupancy in late spring, summer of this year. Beatrice Row is already nearly 50% sold out. 

Beatrice Row was designed by the internationally acclaimed architecture firm, De La Guardia Victoria Architects and Urbanists. Its distinguished façade features romantic arches, authentic brick and marble, coral stone details and hand-crafted bronze-finished balconies. Townhomes will feature 4 bedrooms and 4.5 bathrooms and range up to 5,500 SF. Pricing starts at $2.3 million. Each townhome offers 13' high ceilings, sculpturally intriguing staircases, and gourmet kitchens with refined custom cabinetry, marble countertops and premium appliances. Other details include private elevators, smart home automation, walk-in laundry rooms, four car garages and expansive covered terraces with built-in outdoor kitchens.

“We’re excited to be on the cusp of bringing this unparalleled townhome lifestyle to Coral Gables, which will be part of the magnificent Biltmore Square community,” said Alirio Torrealba, CEO of MG Developer. “Inspired by some of the most picturesque Georgian style neighborhoods around the world, Beatrice Row is the perfect expression of classic charm and urban sophistication.”

“There are currently no other comparable three-story luxury townhomes in the area, and certainly none with this level of attention to Georgian design and detail,” said Daniel Guerra, Vice President of Development Sales at Fortune International Realty.  “Beatrice Row is wholly unique and offers the complete Coral Gables lifestyle, from the exquisite neighborhood to the proximity to Coral Gables’ vibrant downtown.”

MG Developer recently launched a suite of curated, concierge-style services for Biltmore Parc and Beatrice Row. The program offers qualified buyers the opportunity to purchase and move in to their new residence with just 10% down. In addition to affording buyer them time to sell their existing home with more peace of mind, other benefits include coordinated design and décor services for buyers moving into a new residence. For buyers who list/sell their existing home through MG Real Estate Group, the listing commission that would have been due to MG will be applied to the purchase price of the new residence, reducing the overall cost of the home.  

Artefacto CEO Paulo Bacchi Lists His Stunningly Designed Coral Gables Home For $3.4 Million

Paulo Bacchi, CEO of famed Brazilian furnishings house, Artefacto, and his wife, Lais, have just listed his lakeside Coral Gables home in the lavish neighborhood of Hammock Oaks for just over $3.4 million with One Sotheby’s International Realty. The Bacchi's first purchased the home 16 years ago upon their move from Brazil to Miami. 

Located in the tranquil community of Hammock Oaks. The home is fully designed by Artefacto, offering 5 bedrooms and 6.5 bathrooms, is spread over 4,182 SF of open concept living. The exquisite home offers is finished with marble floors and features high ceilings along with expansive indoor-outdoor spaces throughout the lakeside property. The master suite is privately located on the 2nd floor. The home also offers a 2-car garage and 3 carports.

MG Developer Launches Curated, Concierge-Style Real Estate Services

The boutique development company, MG Developer, is pioneering a new concept in concierge-style real estate services that allows buyers a newfound flexibility in the acquisition and disposition of homes. Qualified buyers interested in MG Developer’s luxury properties will be offered lucrative financing and services, aimed at making the move to MG’s properties effortless. 

MG Developer is a residential property development company based in Coral Gables, Florida, and is a subsidiary of MG Capital, which provides a comprehensive array of real estate-oriented services. MG Capital also manages MG Real Estate Group, which would list and sell buyers’ existing homes and then apply the accrued commission to the purchase of a MG Developer residence. 

Financing terms include ten percent down, the remaining 90 percent due within 12 months, and the sale of the buyer’s existing residence with no listing commissions. This allows buyers the flexibility to use those funds for a full year and a facile timeline to sell their current home. MG is currently completing the Biltmore Parc and Beatrice Row, both within walking distance of Downtown Coral Gables and Miracle Mile, and will be ready for occupancy this summer. 

Other concierge benefits include interior design and decor services - with the option of completion prior to moving in. The program is being launched at Biltmore Parc, a five-story development with units ranging from $1.2 million to $2 million, each offering a one-year membership to The Club at The Biltmore Hotel. Beatrice Row, MG’s second project, is a unique collection of nine, three-story Georgian style townhouses with prices starting at $1.4 million. Both developments will be part of MG’s 150,000-square-foot residential community called Biltmore Square, which will have a total of four residential buildings. 

Article by Katya Demina

Delve Into This Contemporary Hommock Lakes Estate in Coral Gables Currently Asking $8.99 Million

There is nothing like the tranquility of Coral Gables. This Mid-Century Modern estate influenced by Richard Neutra offers 7 bedrooms and 7 full baths and 1 half-bath. The move-in ready home is finished with designer finishes including marble floors and wood floors as well as a Crestron smart house system. An space efficient layout takes advantage of the home 7,274 SF with a large living room with fireplace, dining room with wet bar, gourmet kitchen, and ground floor master suite. Outside, a tranquil tile line pond runs alongside the master bedroom leading perfectly manicured grounds all spread over 1 acre hidden behind oak trees with a gated entry. The pool and deck complete with a cabana with summer kitchen provide the perfect place to entertain.

5490 Hammock Drive is currently listed for $8,990,000 with Hilda Jacobson, Brett Harris and Barbara Estela of Douglas Elliman’s Sports & Entertainment Division.

Photos via Douglas Elliman

Check Out WeWork Ponce de Leon, WeWork's New Coral Gables Location Which Opened Earlier This Year

WeWork continues to expand in Miami as the co-working office space mega-brand officially opened its fifth location in the Miami area earlier this year in Coral Gables (2018). Located at 2222 Ponce De Leon Boulevard, WeWork Ponce De Leon features 552 decks, 118 offices, 11 meeting rooms, 6 lounges, 10 nooks, 2 pantries, and 4 private phone rooms. The build-out was carried out by Lunch Money, WeWork's in-house design team. The co-working office space, which can be rented for private events, features a custom terrazzo bar in the main lounge with cold brew coffee and Kombucha on tap, 3rd floor terrace, 2 fruit water stations, and a cappuccino machine. Pricing for a Hot Desk starts at $345/mo. and Private Offices start at $690/mo. Other WeWork locations in Miami include Downtown Miami, South of Fifth, Lincoln Road, and Brickell City Centre.

Super Bowl Champion Jonathan Vilma Sells Tahiti Beach Island Estate For $14.375 Million

Super Bowl champion linebacker Jonathan Vilma has sold his Tahiti Beach Island Road estate for a cool $14,375,000. Located at 17 Tahiti Beach Island Road and built in 2017, the contemporary waterfront home features 5 bedrooms and 5.5 bathrooms spread over 8,000 SF in one of Miami's most exclusive gated communities which features only 29 residences. The estate features top of the line workmanship and finishes including 12' ceilings with floor-to-ceiling glass, elevator, light wood kitchen cabinetry, office with leather tile flooring, theatre room, and 3 car garage. Outside features 161' of waterfront with a private dock, as well as an Asian inspired partially covered pool & waterfall leading to breezeway with unobstructed views of Biscayne Bay & Downtown Miami's skyline. Chad Carroll of Douglas Elliman represented Vilma while the buyer, who is local, was represented by Christopher Tien of 305 Realty. Vilma, who is currently a college football commentator and studio analyst for ESPN, played college football at University of Miami before being drafted in 2004 by the New York Jets and going on to win the Super Bowl with the New Orleans Saints.

NP International Secures $158.4 Million In Construction Financing & Gears Up To Break Ground on Gables Station

NP International has locked down a $158.4 million construction loan and are gearing up to break ground on Gables Station, a transit-oriented mixed-use project with 120,000 SF of retail space, 500 residential units and 66 hotel units. Developer Brent Reynolds plans to break ground before the end of Q1 2018. The financing was provided by Bank of the Ozarks and comes on the heels of Life Time Fitness signing a lease for 90K SF of retail space at Gables Station. NP International will also provide funding to develop a portion of the proposed Underline Park. NP International acquired the land adjacent to Merrick Park and Miami's Metrorail in Coral Gables at 251 South Dixie Highway in 2016 for $60 million. Construction is expected to be completed by Q3 2020. 

Tour The $45 Million Ultra-Luxe Waterfront Tahiti Beach Island Estate Designed By Ramon Pacheco Complete With A Private Beach

Few residences offer the space and tranquility as this rare, ultra-luxury waterfront estate on the exclusive gated Tahiti Beach Island of Coral Gables. 4 Tahiti Beach Island Road sits on 1.42 acres of lush, stunningly landscaped land complete with a private, sandy beach. The massive Tuscan estate designed by Ramon Pacheco features 10 bedrooms and 10.5 bathrooms spread over 21,235 SF along with 2 kitchens, a gym, media room with theater seating, a spa complete with a sauna, wine cellar, breakfast area overlooking the private beach, multiple luxurious en-suite bedrooms, and enormous master suite with private balcony overlooking the beach and a master-bathroom finished with exotic stone and a soak-in tub. The home features multiple living areas on a grand scale seamlessly spread throughout the inside and outside. Every inch is finished with the finest, meticulous detailing, stonework and furnishings throughout including custom lighting, iPad control for the lighting, air conditioning and TV's of the entire property. 4 Tahiti Beach Island Rd. offers expansive ocean views throughout the property and from many of the living areas. Outside features a large heated poo overlooking the oceanl, a grand covered summer kitchen and large dining area, lounge seating and sandy private beach. 4 Tahiti Beach Island Road is currently listed for $45 Million with Irina Artemova of Luxe Living Realty. 

Enjoy the video and photo tour below. 

Featured Listing: Check-Out An Ultra-Modern Kobi Karp-Designed Mansion Asking $8.9 Million

Few architects have contributed to the landscape of the city of Miami as much as Kobi Karp. 8750 Ponce De Leon Road offers the opportunity to live in a masterpiece designed by the legend himself on the prestigious Ponce De Leon Road. The modern estate is spread over 1.44 acres featuring 10,709 SF of living area. The home itself features 7 bedrooms and 7.5 bathrooms along with a movie theater, indoor gym, indoor squash court, a 3 car garage, a chef's kitchen with black marble island and backsplash, smart home automation and a floating industrial staircase. Outside, a college size basketball court, heated pool, and lush landscaping complete with mature oaks round out the estate. 8750 Ponce De Leon Road is currently listed for $8,900,000 with Guillermo de la Paz of ONE Sotheby's International Realty. 

South Miami Votes Against The Zyscovich Architects-Designed Proposal To Redevelop The Shops at Sunset Place

After a year of developing plans with Zyscovich Architects to redevelop the Shops at Sunset Place with the addition of a hotel and 2 residential rental buildings, the South Miami City Commission has voted 3-2 against the project. PROFILEmiami first reported in October 2016 that Federal Realty Investment Trust, Comras Company and Grass River Property had acquired the aging Sunset Place mall for $110 million and and were planning a major redevelopment to reenergize the property. In October 2017 we reported that the Zyscovich Architects-designed proposal would include the addition of a 17-story hotel with 182 hotel rooms, and two 14-story residential rental buildings with 442 units total. That proposal was ultimately killed by the City of South Miami's Special Planning Board which was under pressure from worries that the project would open the door to immense development in South Miami. Mayor Philip Stoddard and Vice-Mayor Bob Welsh voted yes, while others voted against it.