Office Building On Ponce de Leon Boulevard In Coral Gables Trades For $14 Million

An office building located on Ponce de Leon Boulevard in Coral Gables has traded for $14,050,000 in a value add, off-market deal. The 7-story, 87,134 SF office building was mostly vacant at the time of sale and is located at 2000 Ponce De Leon Blvd. The property features 7,500 SF of ground-floor retail space and 100 parking spaces. 2000 Ponce de Leon Blvd. was acquired Westside Capital who plans to renovate the building including common areas and elevators before leasing out the property and occupying the 7th floor penthouse. The seller was the Kronfle family who acquired the land in 1996 for $840,000 and developed the building in 2000. Fabio Faerman and Sebastian Faerman of FA Commercial oversaw both sides of the transaction.

Coral Gables has seen high demand and a good deal of development activity for commercial real estate recently. In February Constellation Group paid $10 million for two single-story office buildings that they plan to redevelop into a 75,000 SF office building. In December Fortress Investment Group acquired Bancorp’s headquarters building for $135 million in a sale-leaseback and Terranova acquired an office building at 93 Miracle Mile for $6.8 million. Agave Holdings is also developing The Plaza Coral Gables, a mixed-use mega-project. To start off the year

Artist Julio Larraz is Celebrated at the Coral Gables Museum with a Retrospective Exhibition and Related Events

On Wednesday, December 1st, the Coral Gables Museum opened the exhibition, ‘Julio Larraz: The Kingdom We Carry Inside’ in collaboration with the Julio Larraz Foundation. Taking over the main three temporary galleries of the Museum, the show is the first museum retrospective of Larraz in the United States and will be on view through April 30th, 2022.

On that evening, a special viewing of Larraz’s latest video, Astral Flight (2021) by Ari Larraz, Laura Furcic, and Las Animas Films was held in the Museum’s courtyard.

As part of Art Basel Miami Beach morning schedule of events, the Museum hosted a Brunch and Book Launch of Rizzoli’s retrospective publication ‘Julio Larraz: The Kingdom We Carry Inside’ on Saturday, December 4th. With 200 paintings, 50 works on paper, and 10 sculptures ranging from the 1960s to the present, this is the most comprehensive book on the artist to date.

“As it is customary now, the Museum organizes a brunch on the last day of Art Basel Miami Beach as part of the Fair’s morning schedule of events. For us, this collaboration is very important as it attracts other people than our regular public, and doubles the impact of our show,” said Jose Valdes-Fauli, Coral Gables Museum’s Chairman.

“This exhibition has been much-expected. We have received amazing feedback from the public, and the numbers speak by themselves - even when there was a lot to see in the city during Miami Art Week we had over 500 attendees on those two days alone. We are looking forward to many more successful events in the months to come,” said John R. Allen, Coral Gables Museum’s Executive Director.

The Museum has announced a series of Curator Tours led by Chief Curator Yuni Villalonga that will take place during Gallery Nights (the first Fridays of the month,) starting on January 7th, 2022.

“These tours will offer an additional insight on the artist. Beside interesting anecdotes and stories that couldn’t be captured in the exhibition, we will have available facsimile copies of important catalogues in Larraz’s career that the public will be able to check out during the tours,” says curator Yuni Villalonga and adds, “We will soon announce other upcoming related events.”

Artist Julio Larraz (b. Havana, Cuba, 1944) is one of the most influential figures in Latin American art today. Throughout a career of six decades, institutional recognition has gone hand in hand with the admiration and following of colleagues and many younger painters from all over the world that praise his mastery of technique, color and light, and the poetry and subtlety of his work.

The show gathers works that span from Larraz’s early days in New York, as a caricaturist for major newspapers and magazines such as The New York Times, The Washington Post, and Vogue, to the drawings, paintings and sculptures realized in New Mexico, Paris and Florence, as well as in Miami, where the artist currently lives and works. Pieces are drawn from private and public collections, as well as from the Larraz family collection and archives, to represent all themes, mediums and key time periods of the artist’s life and oeuvre.

“Among the selection, there are important works in the artist’s life and career, such as his 1969 depictions of spacecraft Apollo 11’s launch from Cape Kennedy, while being one of the few selected artists to witness the moment when humans first landed on the moon; or the painting that represents Larraz in the CINTAS Foundation’s collection after a 1975 Cintas Award,” says curator Yuni Villalonga.

Coral Gables Museum is located at 285 Aragon Avenue, Coral Gables, Florida.

MG Developer Plans To Break Ground on Seville-Inspired Gables Village Reviving George Merrick's Vision For The City Beautiful

The Coral Gables-based MG Developer is about to break ground on its newest enclave, Gables Village, a 48-unit Seville-inspired residential community that will pay homage to George Merrick’s legacy and history in the form of shaded tree-lined streets, plazas, parks and fountains. MG Developer’s CEO, Alirio Torrealba, plans to revive George Merrick’s original vision for this parcel of the City Beautiful in a classic, yet modern way.

Located at 535 Santander Avenue, the $50 million village will consist of duplexes, townhouses, and condominiums set throughout 17 lots, replacing the existing rental apartments bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street. Inspired by Merrick’s seven villages, Gables Village will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and bordered by gardens inspired by the alcoves in the Plaza de España.

Now in its planning stage, Gables Village will integrate gardens and courtyards throughout an entire block, with 50% of the site expected to include lush landscaping and hidden parking garages featuring an artistic component that complements the entire Coral Gables area. The assembly of the project pays homage to the city’s past while building for modern-day luxurious comforts.

“As our projects evolve and move through the planning and design phase, we remain committed to working closely with the City of Coral Gables to deliver communities that fall in line with the City’s aesthetic values, which are truly rich in historic and cultural traditions,” added Torrealba. “Furthermore, we create welcoming homes from the inside out, and places that people from the entire community can enjoy and appreciate.”

The development will include townhomes, duplexes, lofts, flats and an archway with raised residences above ground level, creating a distinct welcoming feeling into the Gables Village enclave. Units will vary in style and sizes including, one-bedroom flats to four- bedroom townhomes that range size, from 1,750 sq. ft. to 3,100 sq. ft. The village will also boast recreational amenities, including a multipurpose room, a pool, and a Wellness Center for residents to enjoy. Construction for the project will start in 2022 and will be completed in 2024.

MG Developer, led by Alirio Torrealba, is one of Coral Gable’s most active residential developer having completed its newest project, Althea Row, which nearly sold-out in less than 90 days. MG will soon wrap-up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralina-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

CORE Apartment Tower Opens At 13th Floor Investments And Adler Group's Mixed-Use Link at Douglas

13th Floor Investments and Adler Group’s 312-unit, transit-oriented CORE residential tower is now open and welcoming residents, marking the first building to deliver within the 7-acre Link at Douglas mixed-use development adjacent to the Miami-Dade Metrorail and The Underline linear park. Situated at 3060 SW 37th Ave., CORE provides lifestyle-driven amenities, unmatched connectivity and a central location near Miami’s most in-demand shopping, dining, and entertainment destinations. Additionally, the building has over 6,000 SF of retail space on the ground-floor level that will be home to several exciting dining and service-oriented retail concepts.

The overall Link at Douglas mixed-use project is led by a joint venture between Miami-based real estate developers 13th Floor Investments and Adler Group, in partnership with global investment manager Barings.

The 22-story CORE provides panoramic city views and offers studios, one- and two-bedroom apartments with modern finishes. The property, which is already more than 50% leased, offers rental rates starting at $1,690 for studios, $2,090 for one-bedrooms and $2,790 for two-bedrooms. As part of its opening promotion, the building is offering one month of free rent for new residents.

“We are thrilled to open the doors at CORE, our first apartment building at the Link at Douglas transit-oriented development. Since we started leasing, we have seen a steady demand for high-quality rentals that has surpassed our expectations,” said Jonathan Raiffe, Chief Operating Officer of Adler Group, on behalf of the joint venture development team. “Our leasing success reflects CORE’s high-quality apartments, top-of-the-line amenities, and superb connectivity to several public transit options.”

Situated at the confluence of two of Miami’s most popular neighborhoods, Coral Gables and Coconut Grove, CORE is near major shopping, dining and entertainment options such as Shops at Merrick Park and the newly reopened CocoWalk. The tower’s transit-oriented location offers direct access to Miami-Dade County’s Metrorail system, the Miami-Dade bus lines and both the Coral Gables and Coconut Grove Trolleys, making car-free living a viable option for residents while easily connecting with communities such as Coral Gables, Coconut Grove, Brickell, Downtown Miami and the Health District. Additionally, the property sits within walking or biking distance to the University of Miami main campus.

Lifestyle-driven amenities include a rooftop pool deck with stunning views, poolside barbecue grills, private cabanas, as well as a fitness center with a yoga studio, and an entertainment media room. A modern business center was designed with sleek workspaces, private offices and lounge areas along with a conference room, outdoor work terrace and other features that make working from home a more productive and enjoyable experience. A social lounge comes complete with billiards, shuffleboard, ping pong, and a furnished seating area centered around a fireplace. Additional perks include a secured package room, dog washroom, bike storage, and available WiFi in all common areas. Residents will also benefit from The Underline, a 10-mile linear park underneath the property that spans from Downtown to South Miami, perfect for outdoor exercise.

Apartment units feature private balconies and floor-to-ceiling windows that offers ample natural light. Residences are designed with luxury plank flooring, granite countertops, modern kitchen hardware and appliances, an in-home washer and dryer, and porcelain shower walls.

The next tower to open at Link at Douglas is CASCADE, a 36-story rental apartment building under construction and set to deliver in mid-2022, which will feature a 25,000-square-foot Milam’s Market on the ground-floor level. The overall Link at Douglas master plan will encompass approximately 1,500 residential units, over 32,000 SF of retail space, a 100,000 SF, class A office building, and a public plaza that connects with The Underline linear park.

Bozzuto Group is CORE’s provider of property management services, including full-service concierge, 24-hour maintenance, resident app, recurrent resident events and its signature away-from-home services of plant care, newspaper delivery and in-home package delivery. Bozzuto Management has been ranked #1 for online reputation for six years in a row.

MG Developer Receives TCO For The Nearly Sold-Out Althea Row and Tops Off Biltmore Row In Coral Gables

MG Developer has received its TCO for Althea Row and revealed the townhome development’s 7,000 SF model residence. MG Developer also topped-off of Biltmore Row and submit plans to build a 50-residence community called Gables Village. The Coral Gables-based development firm is wrapping up its Biltmore Square community and planning for a new project, just west of LeJeune Road and north of University Drive.

Althea Row, situated at 739 Almeria Avenue, is a five-unit development designed by Coral Gables-based De La Guardia Victoria Architects & Urbanists and premiered its model unit at the 12th Annual Tour of Kitchens. Furnished by Artefacto, the residence opened to much splendor as guests indulged throughout the residence’s European-inspired luxury and design. Inspired by George Merrick and original Gables architects H.George Fink, Phineas Paist and Richard Kiehnel, the 3-story town houses include four bedrooms, four bathrooms with one half bath, a four-car garage, private elevator and private terraces with crafted loggias that bring the best of outdoor Gables living. With 80% of its town houses sold less than 60 days after completion, the fast pace in sales speaks to the demand for products such as Althea Row. Prices for the town houses start at $4.1 million.

“We’re thrilled to have introduced Althea Row to Coral Gables, a high-end community for those who appreciate the finest details of luxury living and lush surroundings of the City Beautiful,” said MG Developer CEO Alirio Torrealba. “Our goal is to always bring a sophisticated product that exceeds expectations while also complementing the aesthetic of the local community.

MG Developer is “building the city beautiful” and enhancing the Coral Gables neighborhoods with their luxurious residences. In all of their projects, they pursue a ceaseless quest for quality, value, and intelligent design which is reflected in the beauty of the Althea Row Residences.

Right next door, Biltmore Row has just topped off, marking a milestone for MG Developer’s master community of Biltmore Square. Biltmore Row fills the void in tasteful luxury that understands the roots traced back to the heritage of classical design elements found in Spanish colonial architecture that is carefully shaped and carved. Elaborate coralina-stoned entries surround and draw the eye to the front door of each of the 10 exclusive townhomes featuring a total of 5,561 SF.

Now in its early planning stage, Gables Village will integrate gardens and courtyards throughout an entire block, with 50% of the site expected to include lush landscaping and hidden parking garages featuring an artistic component that complements the entire Coral Gables community. The assembly of the project will be approximately $50 million and will certainly honor the city’s past while building for modern-day comforts.

“As our projects evolve and move through the planning and design phase, we remain committed to working closely with the City of Coral Gables to deliver communities that fall in line with their aesthetic values, which are rich in cultural and historic traditions,” added Torrealba. “Furthermore, we create homes, we create places that people and the entire community can enjoy and appreciate.”

Also designed by De La Guardia Victoria Architects & Urbanists, Gables Village will be located at 535 Santander Avenue. The development will include townhomes, duplexes, lofts, flats and an archway that raises residences above ground level, creating a distinct welcome into Gables Village.

Master Brokers Forum Listing: Tour A Lavish Coral Gables Waterfront Estate Asking $19.5 Million

Master Brokers Forum: Master Brokers Forum board member Dennis Carvajal presents this incredible Coral Gables home, where inspiration meets sophistication. Custom-built for the current owners with top-of-the-line materials and exquisite finish, the property includes a remarkable 200 feet of waterfront, with easy access to Biscayne Bay. Impressive marble pillars greet you as you enter the home, with outdoor spaces that blend organically with the gallery walls, cohesive wall-to-wall marble floors, tray ceilings with stunning gold and silver brushed metallic, and elegant venetian plaster walls. Also features an immaculate chef's kitchen with emerald quartz countertop, waterfall island, two elevators, and service quarters. Bay breezes from the covered terraces and the second level gazebo with entertaining in mind. Glass mosaic tile infinity-edge pool coincides with the coral rock wall that lines the waterway. Complete with a three-car, air-conditioned garage.

A truly awe-inspiring home, 6901 Granada Blvd, Coral Gables is currently listed for $19,500,000 with Dennis Carvajal, who can be reached at 786-255-3334 and/or dcarvajal@onesothebysrealty.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

Images via Master Brokers Forum/ ONE Sotheby’s International Realty

This article was produced in partnership with Master Brokers Forum

Life Time Coral Gables Opens 1.2 Million SF Live, Work, Play, Athletic Resort Mixed-Use Multifamily Development

Life Time Coral Gables has officially opened in Coral Gables, bringing a 1.2 million SF luxury athletic resort with elegant co-working and exquisite residences to The City Beautiful. Conceptualized by Life Time, the nation’s premier healthy lifestyle brand, the more than $500 million, 14-story, 1.2 million SF development seamlessly integrates where consumers live, work, play and stay as a first-of-its-kind destination centered around the company’s iconic athletic resort.

Life Time Coral Gables is now welcoming new members to the expansive destination at 237 South Dixie Highway. The development features an 80,000 SF luxury athletic resort, a 25,000 SF Life Time Work and 495 luxuriously appointed residences, including studios, one-, two- and three-bedroom, and penthouse units. Directly adjacent to Shops at Merrick Park, and minutes from downtown Coral Gables and Coconut Grove, the project’s soon-to-open retail component will feature a Trader Joe’s, locally famed Argentinian restaurant, Graziano’s and other offerings.

“I could not be more excited about the completely new concept we’re bringing to The City Beautiful—and North America—as our first combined Life Time Athletic, Life Time Work and Life Time Living destination. Never has a development been designed with such a comprehensive healthy way of life in mind, body and soul—centered around our iconic athletic resort,” says Gino Santia, director, Life Time Coral Gables. “For nearly 30 years, we have operated premier athletic resorts and, for the first time, “second home” has a new meaning as members truly can live, work, exercise and play in this amazing development offering a full healthy way of life experience.”

Life Time’s athletic resort and spa offers more than 70 classes weekly across its dedicated yoga, barre, Pilates, cycle and group exercise studios; more than 400 pieces of cardio and strength-based equipment; small group and 1:1 personal training; a Kids Academy featuring dedicated kids programming and classes; LT Recovery featuring compression, massage and physical and chiropractic therapies; an outdoor, resort-style, rooftop beach club; and, a full-service LifeSpa and fast casual LifeCafe.

The fully integrated, 25,000 SF Life Time Work provides members with elegant workspaces and flexible monthly memberships; lounge, dedicated desk and private offices; conference rooms, quiet rooms, and call booths; Herman Miller furniture, high-end, exquisite finishes throughout; copying, scanning and shredding services, unlimited Wi-Fi and more.

Life Time Living residences range from 436 SF studio units to 1,539 SF, 3-bedroom units. Penthouses are available up to 2,252 SF Resident benefits include a premier, Diamond Life Time athletic resort membership with access to all Life Time destinations throughout the U.S. and Canada, along with preferred Life Time Work access pricing. Grocery store tours, healthy meal planning and delivery from the on-site fast-casual restaurant LifeCafe, and access to a registered dietitian to stock your kitchen also are available.

Life Time Coral Gables is a collaboration between Life Time and Nolan Reynolds International (NRI), a recognized leader in real estate investment, development and hospitality operations.

Additional Life Time locations in Florida include Boca Raton and Tampa, along with locations under development in Palm Beach Gardens (mid-2022) and The Falls in Miami (opening early 2023). Life Time also owns and produces the Miami Marathon.

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Images via Life Time Coral Gables

Master Brokers Forum Listing: Check Out A Ponce-Davis Florida Style Gem Asking $7.8 Million In Coral Gables

Master Brokers Forum board member Tere Shelton Bernace presents this modern gem, nestled in the middle of Miami’s Ponce-Davis neighborhood. Fully gutted and updated in 2015, this inviting “Florida style” home sits on an almost one-acre gated lot with privacy hedge, smart home automation, large format porcelain floors, high ceilings, spacious formal living, dining, home office, and large Florida room with bar. Sliding glass doors bring the outdoors inside, overlooking the garden, saltwater heated pool, summer kitchen, and guest house with one bedroom and one bathroom. The kitchen features Wolf and Sub-Zero appliances, and leads to the media room and butler's pantry, featuring a 320-bottle wine display case, wine cooler, and ice maker. A winding staircase leads to the main spacious suite, three en-suite bedrooms, and huge family room. Other features include an elevator, laundry room, staff room, impact doors and windows, two-car garage, four-car carport, Sonos system and cameras.

4831 SW 82nd St. is currently listed for $7,800,000 with Tere Shelton Bernace of Shelton and Stewart Realtors, who can be reached at (305) 607-7212 and/or tbernace@sheltonandstewart.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

The Collection Breaks Ground On Jaguar Land Rover Dealership Expansion In Coral Gables

Ugo Colombo and Ken Gorin are expanding THE COLLECTION with the addition of a new Jaguar Land Rover dealership at the intersection of U.S. 1 and Ponce de Leon Blvd. in Coral Gables. The luxury car dealership broke ground on the new building after locking down a $64.5 million construction loan financed by JPMorgan Chase Bank. Burke Construction Group is the general contractor on the project.

The new Jaguar Land Rover dealership will be located on a 1.68-acre site at 125-163 S. Dixie Highway and will span nearly 500,000 SF of total development with room for over 800 cars when complete. The dealership will feature a 60,935 SF showroom and a 40,728 SF service station along with a car wash.

Miami is one of the largest markets for luxury vehicles in the United States and THE COLLECTION is consistently one of the top ranked luxury dealerships in the country.

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.