Emerging Leaders: The Next Generation of Real Estate Presented by the Miami Herbert Business School Accelerated MBA in Real Estate

PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate are pleased to present “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. Miami is one of the hotbeds of commercial and residential real estate development and investment, making a career in Miami’s ritzy real estate industry a coveted position to hold. PROFILEmiami has teamed up with Miami Herbert Business School’s Accelerated MBA in Real Estate program to explore the next generation in real estate, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening will be held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing their new luxury condominium and townhome project now under development in Downtown Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders. The engaging panel will feature keynote speakers Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; moderated by Demetri Demascus of PROFILEmiami.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

Who Should Attend: Prospective MBA candidates, Recruiters, Employers, Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: October 26, 2023 | 6 PM - 8 PM

Where: The Village at Coral Gables Sales Gallery, 2990 Ponce De Leon Blvd., Coral Gables

Panelists:

• Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas

• Jakub Hejl, Founder & CEO, Westside Capital

• Diego Torrealba, Vice President, MG Developer & University of Miami

• Marc Chasin, Vice President, Eden Multifamily

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

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George Merrick's 8th Village Comes to Life as MG Developer Breaks Ground on 'The Village at Coral Gables'

MG Developer, led by Alirio Torrealba, announces the successful groundbreaking ceremony and Harvest Festival for The Village at Coral Gables, the highly anticipated residential development that pays tribute to the aesthetic beauty and lifestyle of Seville, Spain, and continues the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.”

The groundbreaking ceremony, which took place on Saturday, September 16 at 504 Malaga Avenue, marked the official commencement of construction for this remarkable enclave. The event was graced by more than 600 esteemed guests, including Coral Gables Mayor Vince Lago, President of Coral Gables Chamber of Commerce, Mark Trowbridge, the project's exclusive sales partner: Founder and CEO of One Sotheby’s International Realty, Mayi de la Vega and President Daniel de la Vega, residents, and neighboring residents and buyers.

“I’m beyond words today. I feel truly proud to be able to celebrate the groundbreaking of The Village at Coral Gables with all of you and share in this auspicious occasion,” said Alirio Torrealba, CEO and Founder of MG Developer. “It’s been a true labor of love for me, and for everyone at MG Developer, my family, our partners, our investors, the entire community. They have all entrusted us to build a beautiful enclave that is part of the vision George Merrick had when he founded Coral Gables in 1925 and that is exactly what we are doing now.”

Coral Gables Mayor Vince Lago added, “The Village at Coral Gables is a testament to the rich cultural heritage of our city. George Merrick’s vision for ‘The City Beautiful’ lives on in this exceptional project. I am immensely proud of Alirio for his dedication in bringing his vision to life, creating a lasting legacy that will enhance the fabric of Coral Gables for generations to come.”

Following the groundbreaking ceremony, attendees were treated to an unforgettable experience at the aptly named “The Village Harvest Festival.” The event held from 10:00 a.m. to 2:00 p.m., brought together families and residents from the community to celebrate the Fall Season and the arrival of The Village at Coral Gables. The festival featured a farmer’s market with local artisan vendors and fun carnival activities including face painting, bounce houses and more.

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

Residents will enjoy an array of recreational amenities, including a wellness clubhouse, indoor and outdoor terrace lounge, fitness wing, plunge pool, library, conference center, and high-speed Wi-Fi – redefining modern living in historic Coral Gables. The Village at Coral Gables is situated within walking distance of Downtown Coral Gables, golf courses, the Lowe’s Hotel, Biltmore Hotel, cultural attractions, and renowned dining venues, offering residents the best of South Florida living.

With its captivating design, luxurious amenities, and prime location, The Village at Coral Gables is poised to become the most sought-after living destination in South Florida, seamlessly blending the past with the present.

Louis Vuitton Set To Open New Coral Gables Location at The Shops at Merrick Park

Louis Vuitton is set to unveil their new store in Coral Gables at the Shops at Merrick Park, reinforcing Louis Vuitton’s commitment to craftsmanship, savoir-faire and innovative design. The spacious location offers a suite of the Maison’s métiers, including men’s and women’s leather goods, accessories, connected objects, ready-to-wear, shoes, watches and jewelry, as well as selections from the most exclusive categories like the Maison’s iconic hardsided pieces.

Designed to resonate with its verdant and elegant surroundings, Louis Vuitton at Coral Gables features an expansive façade with macrame-inspired sliding panels. The organic technique is retained in the remarkably light and airy metalwork, which is woven into the Maison’s signature Monogram Flower emblem, the first time this design has been used stateside. Inside, a harmonious blend of wood, natural fibers, and refined decorative elements contributes to the resort aesthetic. An exceptional terrazzo floor features a unique pattern, specially made for this space.

The interior lounge is designed in an ode to the seminal Louis Vuitton Objets Nomades Diamond Screen by Marcel Wanders Studio, with the walls and ceilings fully swathed in the distinctive interlaced motif and subtly illuminated. Fine art is a focus throughout the store, with highlights including a commissioned 12ft custom surfboard fabricated by Joshua Martin, a second-generation creator of traditional handcrafted fine surfboards based in Los Angeles. Further oceanic references come from Hawaiian artist Taylor Binda’s giclee titled Lemonade, which adds a tropical accent to the location. Extraordinary furniture throughout the space includes notable wooden pieces by New York-based designer Andrianna Shamaris created within her studio in Sumatra, as well as accents from Iranian-French architect and designer India Mahdavi.

The Coral Gables store will feature both seasonal collections and signature Louis Vuitton pieces, carefully curated to reflect the local lifestyle. Exquisite fine diamond jewelry from the Blossom Silhouette and LV Volt collections will be on offer, as well as Tambour Horizon Light Up watches, the world's most creative connected watch. With a uniquely disruptive design, the watch sports a sapphire glass face adorned by 24 LED lights, creating a mesmerizing glow-in-the-dark animation. In the recherche hardsided category, special pieces such as a Coffret Trésor that has been recently reinterpreted with bold “Bleu Lagon” lining are available, alongside stately classics such as a Monogram eight-watch carrying case, the Coffret 8 Montres.

Ready-to-wear and shoes for both men and women are a key focus of the location, as well as extraordinary leather goods: in the Women’s universe, the Coral gables store will offer the Orsay, a new handbag shape inspired by classic French style that premiered on the FW23 runway. The Orsay features a subtle set of Louis Vuitton signatures, with its semi-rigid construction enhanced by the iconic N-Lock and side metallic brackets recalling the House’s historical trunks. Also as seen on the FW23 runway, the Petite Malle is reimagined in two new shapes: the Petite Malle Capitale and Vanity Case. In the Men’s universe, a mini soft trunk made from Metallic Nebula coated canvas - a traditional Monogram canvas with a silver halo surrounded by delicate rings of blue and purple at the top of the bag - contrasts with the subtle elegance of the supple Soft Polochon, a modern cross body bag fashioned from calfskin leather with the new Epi XL pattern.

Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming for the finest quality. Today, the Maison remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewelry and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.

The new Louis Vuitton Coral Gables store is located at 358 San Lorenzo Ave., Coral Gables, FL at the Shops at Merrick Park.

Images via Brad Dickson

Torose Equities, LNDMRK Development and Terranova Corporation Acquire 255 Alhambra Class-A Office In Coral Gables

A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets.

255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.

“It is rare to find an institutional-grade property like this strategically located in a high-barrier-to-entry submarket with so much upside potential,” said Scott Sherman, founder and principal of Torose Equities. “This property is positioned to generate strong returns with stable in-place cash flow. Our contrarian approach of buying office and retail spaces when everybody is being extremely cautious has once again enabled us to find strong value in an asset class and market we’re very bullish on.”

The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire. Rental rates in markets like Brickell, downtown Miami and Coconut Grove have increased significantly since the onset of the pandemic, making lease renewals unaffordable to some companies. Case in point: between Brickell and downtown Miami, approximately 1.9 million square feet of tenant leases are scheduled to expire over the next four years. On top of that, companies from outside the region continue to move to Miami in pursuit of a more business-friendly environment. The influx of tenants seeking to take advantage of Coral Gables’ discounted rents will, in turn, fuel rents in 255 Alhambra.

“Terranova has long seen the growth potential for Coral Gables, and we are thrilled to continue to invest in the community through the office building acquisition at 255 Alhambra Circle,” said Stephen Bittel, founder and chairman of Terranova Corporation. “We enjoy working alongside the Torose Equities team and aligning on our understanding that Coral Gables is in the midst of an incredible commercial and office real estate boom. The area offers companies a holistic business and lifestyle opportunity which serves as an extremely attractive alternate to traditional hot commercial real estate markets like Brickell and Downtown Miami.”

As the largest property owner along Miracle Mile, Terranova has a strong, active presence in Coral Gables. The company’s retail expertise will play a significant role in bringing top retail tenants to activate the building’s ground-floor retail space.

Together, Torose, Lndmrk and Terranova will execute the business plan for 255 Alhambra. The JV will leverage its extensive experience in leasing and operating office assets to lease up the existing vacancy and upgrade the building amenities.

"Coral Gables is a market with a great deal of untapped potential, and this acquisition is a tremendous opportunity for the partnership," said Alex Karakhanian, founder and principal of LNDMRK Development. "I look forward to continuing to grow our relationship with Torose and Terranova as we explore other opportunities for acquisition and repositioning in this bourgeoning submarket.”

Downtown Coral Gables is one of South Florida’s most pedestrian-friendly neighborhoods with the ideal environment to live, work, eat and shop all in one place. 255 Alhambra is a block away from Giralda Avenue, home to “Restaurant Row” with 22 food and beverage establishments all concentrated in the portion of the street closed to traffic. The building is also about four blocks north of Miracle Mile, a premiere destination for shopping, dining, and entertainment.

This acquisition comes shortly after Torose’s first office acquisition of 6302 Corporate Center in partnership with Merrimac Ventures in Tampa and its recap of a 300,000-square-foot office building in Midtown Atlanta, called The Peachtree, with Banyan Street Capital. Torose remains bullish on select office and retail markets as it continues to employ its contrarian approach to investing.

Images via Torose Equities

Coastal Construction Tops Out University of Miami's Centennial Village Student Residence

Coastal Construction Group, one of the largest privately held construction companies in the Southeast, has topped out the University of Miami's Centennial Village, a state-of-the-art student residence that will accommodate over 2,000 students. Phase I of Centennial Village is anticipated to open in fall of 2024, with Phase II anticipated to open in fall of 2026.

This is the fourth construction project Coastal Construction has topped out for the University of Miami, including the Thomas P. Murphy Design Studio Building, which won the title of 2018 Building of the Year by World Architects.

The University of Miami’s Centennial Village, designed by VMDO Architects: Zyscovich Architects, is the second phase of a multi-year plan to modernize campus housing and will serve as a hallmark of the Coral Gables Campus and support the University’s efforts to competitively recruit top academic and athletic talent.

Made up of five residential colleges, Centennial Village will continue the successful First-Year Experience program with live-in faculty as well as professional and student staff who support and enhance the first-year experience. In addition to double rooms and an increased offering of single rooms, the new residential colleges will feature centrally located private bathrooms, shared resident lounges, and collaborative academic spaces.

Additionally, Centennial Village will be positioned to take advantage of the many outdoor and programmatic elements of the Coral Gables Campus surrounding Lake Osceola.

"As a former ‘Cane, I am especially pleased to celebrate the topping out of the University of Miami's Centennial Village. I started my construction career from a UM fraternity house when I was a student, so this project is particularly near and dear to me,” said Thomas P. Murphy, Jr., Founder, Chairman, UM alumnus and CEO of Coastal Construction Group.

Renderings via University of Miami

Inside 'An Exploration Into Capital Markets Coral Gables' Presented By PROFILEmiami & MG Developer

On Tuesday July 25, 2023 PROFILEmiami teamed-up with MG Developer to present ‘An Exploration into Capital Markets Coral Gables’, bringing an immersive panel and cocktail event exploring capital markets and real estate development in South Florida to the beautiful ‘Village at Coral Gables’ showroom. The relaxed and open setting featured cocktails courtesy of MG Developer and food from Coral Gables staple restaurant, Zucca, while attendees networked with industry leaders one of Miami’s hotbed neighborhoods for business and development.

The engaging panel featured keynote speakers Catie Naranjo, CDO at MG Developer; Scott Wadler of Berkadia, Melissa Tapanes, a partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC; and Ayush Kapahi, Founder at HKS; moderated by Demetri Demascus of PROFILEmiami. Topics explored included current environment of capital markets, the difficulties behind financing projects in todays market, the process a developer undertakes to obtain financing, what lenders are looking for when financing a project and the regulations that surround financing.

The evening was attended by real estate leaders such as Alirio Torrealba, CEO of MG Developer; Daniel De La Vega, CEO of ONE Sotheby’s International Real Estate; Cullen Mahoney, Senior Development & Acquisitions Officer of Continuum Companies; and Danny Schwimmer, CIO of The Allen Morris Company, amongst others.

“It is very challenging right now from start to finish. A developer handles everything from site selection, to marketing, to handling the construction costs, you name it, their ultimate goal is to get to the sales. You have to get to the finish line. The way to do that is to get a project built and capitalized as quickly as possible; and the way to do that right now is to find a project that is able to be built.” Said Scott Wadler of Berkadia.

“Cost of construction has gone up, insurance costs are up 5X, interest rates, cost of capital, both on the debt and equity side, almost everything has kind of ticked up. Lucking in Florida rents and property values have kept pace with the increased costs.” Said Catie Naranjo, CDO at MG Developer.

“Ashe market ages and moves it wants to be behind someone who knows what they are doing. It is no longer a speculative game, whether it is for sale housing or even just rental, it is about execution. It is about getting things done as fast as possible, and it is about having the right team.” Said Ayush Kapahi of HKS.

Attendees also got to explore the stunning, state-of-the-art, showroom for The Village at Coral Gables featuring curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. MG Developer, led by Alirio Torrealba, announced on July 5, 2023 that it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

The Avenue Coral Gables Hotel & Residences Reaches 65% Sold

The Avenue Hotel & Residences Coral Gables, a Parisian-inspired neo-classically designed boutique tower and hotel on San Lorenzo Avenue in Coral Gables, has hit 65% percent in pre-construction sales. Located at 351 San Lorenzo Avenue, The Avenue Coral Gables Hotel & Residences is being developed by Roger Development Group, a Coral Gables-based family-owned, fully integrated real estate development and management company. Groundbreaking is slated for Fall 2023 with the hotel and residences anticipated to be completed in early 2025.

The Avenue Coral Gables Hotel & Residences is designed by Bermello Ajamil & Partners with fully-furnished interiors by celebrated interior designer Adriana Hoyos Design Studio, best known for world-class tropical luxury inspired interiors, The Avenue Coral Gables Hotel & Residences is an 8-story boutique building and condo hotel, with a collection of 48 residences with thoughtful and luxurious one- and two-bedroom layouts outfitted with contemporary Italian kitchens and baths by Italkraft and Subzero and Wolf appliances. The residences start from 598 to 1,200 square feet. In addition, the property is completed by 3,861 square feet of ground-floor luxury retail space.

Prices start from $730,000 to over $1.3M with sales being exclusively managed by Cervera Real Estate.

“We are delighted with this sales trajectory. It’s clear our buyers appreciate the unique quality of life that living in the Merrick Park district offers in a brand-new, state-of-the-art boutique building that is not only well-sited within walking distance to the upscale shops and fine dining restaurants of Merrick Park, but also affords the owners all of the benefits of condo hotel ownership allowing unit owners to use their property as little or as much as they’d like while having the ability to earn revenue on their investment when they are not in residence,” said Oscar Roger, President & CEO of Roger Development Group.

Amenities include a front desk reception, and a slate of hotel services to make daily life easier and more enjoyable. Valet parking, and newspaper and package delivery are a few of the dozens of services available to homeowners. Amenities include an outdoor hammock garden, and resort-style pool deck on Level 9, with a summer kitchen and family dining area, but most appealing is the address - across the street from the entrance to the upscale shopping center Merrick Park, which has more than 100 retailers and restaurants, including Neiman Marcus, Nordstrom, Gucci, Jimmy Choo and Tiffany & Co. Merrick Park also has Equinox Fitness, SoulCycle and Elemis spa.

“Buyers to date have been an eclectic mix of young professionals, young and older families as well as buyers both foreign and domestic, which accounts for over 65% percent of The Avenue Hotel & Residences Coral Gables purchases. Buyers have singled-out the project for its unparalleled location, fully-furnished contemporary designs by Adriana Hoyos Design Studio, its robust assemblage of amenities and services and exceptional ability to put their property in the hotel program,” said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate, the exclusive broker of The Avenue Hotel & Residences Coral Gables.

Operating in South Florida since 1955, Roger Development Group is led by President & CEO Oscar Roger, Sr. along with CFO, Oscar Jr. who joined the company in 2013 and is furthering the family tradition of development and real estate services within Florida and abroad.

MG Developer Locks Down $67.5 Million Construction Loan For The Village at Coral Gables

MG Developer, led by Alirio Torrealba, announces it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

Exclusively sold by One Sotheby’s International Realty, The Village at Coral Gables, located at 535 Santander Avenue, is a 48-residence collection featuring: Townhomes, Lofts, Villas, and Flats. The assembly of the project will pay homage to the aesthetic beauty and lifestyle of Seville, Spain, and continue the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.” This new enclave is being created to honor the city’s past while building for discerning buyers looking for modern-day luxurious comforts.

“We are truly excited to now be entering the construction phase of The Village at Coral Gables”, said Alirio Torrealba, CEO of MG Developer. “It’s been a true labor of love, from the initial planning phase to now. I couldn’t be prouder to be partnering with Churchill to provide the financing for this highly anticipated community. We are looking forward to a fruitful and long-term relationship for more projects in the future that will continue to elevate the City of Coral Gables.”

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

“We are thrilled to partner with MG Developer for the financing of The Village at Coral Gables,” added Jeff Rosenfeld who, along with Sean Robertson, Co-Heads Originations at Churchill Real Estate. “MG Developer has a strong track record of delivering exceptional projects, and we are excited about MG bringing this highly anticipated development to life. We are excited to support MG Developer in their commitment to elevating The City Beautiful and look forward to our continued partnership and future projects."

The classic yet modern village will also feature thoughtful recreational amenities that emanate a contemporary and tropical ambiance, and a color scheme that blends natural tones with lush green foliage, and hints of gold décor accents. Featuring a wellness clubhouse of nearly 4,000 square feet, an indoor and outdoor terrace lounge that is ideal for events and gatherings; a fitness wing; a luxurious plunge pool as well as a library and conference center; perfect for residents who enjoy working remotely and are looking for all the office amenities like high-speed wi-fi and a large monitor screen to host virtual meetings and more. The impeccably designed amenity spaces elevate the standard for modern living in historic Coral Gables.

The verdant canopy streets that surround The Village at Coral Gables evoke the serenity of quiet countryside and it feels like living in the suburbs, but residents will enjoy living within walking distance of Downtown Coral Gables. The development is close to the new Plaza, South Florida’s most sought-after golf courses, the new Lowe’s Hotel, the Biltmore Hotel, cultural attractions, and the best dining venues in Miami. With everything The Village at Coral Gables has to offer, combined with its stunning design and lifestyle, it is poised to become the most desired living destination in South Florida.

The stunning, state-of-the-art, showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. The showroom is open Monday through Friday from 10 a.m. to 5 p.m., Saturdays from 11:00 a.m. to 3:00 p.m., and Sundays from 12:00 to 4:00 p.m. Located at 2990 Ponce de Leon Boulevard, Suite 101. For more information, please visit www.mgdeveloper.com.

MG Developer, led by Alirio Torrealba, is one of South Florida’s most active residential developers 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 coralline-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

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Renderings via MG Developer

PROFILEmiami & MG Developer Present: An Exploration Into Capital Markets Coral Gables

PROFILEmiami and MG Developer are pleased to present ‘An Exploration into Capital Markets Coral Gables’, a immersive panel event exploring capital markets and real estate development in South Florida with an emphasis on Miami’s Coral Gables neighborhood. The evening will include an in-depth discussion on Capital Markets along with cocktails and networking at MG Developer’s Village at Coral Gables sales gallery in the heart of Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about the current and future state of South Florida’s Capital Markets in Coral Gables, one of Miami’s hotbed neighborhoods for business and development. The lavish showroom provides an intimate yet luxurious setting to enjoy cocktails and bites by Coral Gables staple Zucca while networking with some of South Florida’s preeminent real estate leaders. The engaging panel will feature keynote speakers Catie Naranjo, CDO at MG Developer; Scott Wadler of Berkadia, Melissa Tapanes, a partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC; and Ayush Kapahi, Founder at HKS; moderated by Demetri Demascus of PROFILEmiami.

The stunning, state-of-the-art, showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. MG Developer, led by Alirio Torrealba, announced on July 5, 2023 that it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

Why Coral Gables?

Coral Gables has been one of Miami’s main business and residential districts since George Merrick first incorporated the city in 1925. Coral Gables is home to the University of Miami, one of the nation's leading private research universities which also features one of the nation’s leading real estate programs. The city began as a Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights.

Today it is home to some of the wealthiest zip codes in the US and is also home to the headquarters of American Airlines, Bacardi USA, Kraft Foods, Millicom, Club Med, MG Developer, Danone Americas, The Allen Morris Company, Odebrecht Construction, Inc., Turbana. In the housing market, the median sale price per square foot in Coral Gables is $755, up 20.6% since last year with a vacancy rate of around 4%. Downtown Coral Gables is home to world-class restaurants such as Zucca and Hillstone Coral Gables and the Merrick Park shopping district is currently welcoming a new Louis Vuitton store to its tenant mix.

Attendance is free but space is limited due to venue constraints, so make sure to reserve your spot to guarantee attendance. Register below. - REGISTRATION NOW CLOSED [SOLD OUT]

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: July 25, 2023 | 5:30 - 9 PM

Where: The Village at Coral Gables Showroom, 2990 Ponce De Leon Blvd., Suite 101, Coral Gables, FL 33134.

Panelists:

• Catie Naranjo, CDO at MG Developer

• Scott Wadler, Berkadia

• Melissa Tapanes, Partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC

• Ayush Kapahi, Founder at HKS

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

SPEAKERS

Moderator:

About MG Developer:

MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm is a subsidiary of MG Capital, and provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. As a member of the Coral Gables community, MG Developer is committed to the beautification of the city and supports its Art in Public Places program, having commissioned original stone sculptures at Balboa Plaza called “A Midsummer Night’s Dream,” which represents an outdoor living area. The firm is an advocate of public exhibitions throughout Coral Gables that enhance the area’s unique lifestyle and design and is also a proponent of philanthropic efforts and organizations that elevate the city’s standard of living, including the Coral Gables Community Foundation and FundaHigado. In 2021 MG Developer, entered the Hialeah market with its first multi-family apartment community called Metro Center. Today, MG Developer is the most active developer in Hialeah, with more than $600 million in development.

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Michelin Starred Chef Shingo Akikuni to Open His First Restaurant, Shingo

Critically-acclaimed Chef Shingo Akikuni will open his very first restaurant, SHINGO, on Thursday, May 11, 2023 inside the historic La Palma building in Coral Gables. SHINGO is an intimate, 14-seat, omakase restaurant that will offer an 18-course dining experience featuring traditional Japanese nigiri, seasonal sashimi and Yakimono dishes with premium sake pairings. Chef Akikuni brings his years of experience and accolades to SHINGO. Most recently, he served as executive chef at Miami’s Japanese fine-dining restaurant Hiden. Under his helm as executive chef, Hiden was one of the first restaurants in Miami to be awarded one star from the MICHELIN Guide in 2022.

The 850-square-foot space has been entirely designed and constructed by expert woodworkers in Kyoto, Japan before being de-constructed, transported and reassembled in Miami. Upon entering SHINGO, guests will feel as though they have been transported to Japan’s classic omakase dens. The restaurant features traditional Japanese design elements and vintage materials, including the use of Hinoki and Sugi woods on the counter, ceiling and grand entrance, which doubles as an art gallery. The dining room features an intimate “L-shaped” 14-seat counter made of a rare 10 meter slab of Hinoki wood. Special touches and details are found in every moment at SHINGO, from the unique silver chopstick holders, crafted to resemble food shapes, to an array of custom-made ceramic plateware created by Kyoto-based ceramics maker Shin Murata.

Passionate about sharing Japanese culture through food in America, Chef/Owner Akikuni is excited to add to the thriving dining scene in Miami and seeks to provide diners with an individualized experience based on their personalities and preferences.

“I first moved to Miami five years ago, and I feel that the restaurant scene has been booming year by year, featuring so many passionate and talented chefs whom I call my colleagues and friends,” says Chef Shingo Akikuni. I'm overjoyed to be able to open my first restaurant in Coral Gables using the experience and skills I've learned working in restaurants in Tokyo, New York and Miami. I’m looking forward to serving our guests dishes that change with the seasons and to continue to add value to the culinary landscape in Miami.”

The 18-course menu at SHINGO will change seasonally, with a rotating selection of fresh sushi variations and Yakimono dishes which are prepared through traditional grilling practices. Guests can expect dishes such as Japanese Binchotan Charcoal Grilled Eel topped with caviar and fresh wasabi served with premium sake. Personally sourced and selected by Akikuni himself, SHINGO'S fresh ingredients are imported from Japan and found locally in Florida.

Shingo Akikuni is a third-generation sushi chef originally from Osaka, Japan, and is recognized as one of the best sushi chefs in Florida. Growing up making sushi at his family-owned restaurant in Osaka, Chef Akikuni was taught and trained by both his father and grandfather before coming to America in 2017. Previously, Akikuni served as Sushi Chef at an award-winning sushi restaurant in Tokyo, before moving to Miami and taking on positions as Sous Chef at Sushi Azabu, and, finally, as Executive Chef at Hiden, where the restaurant was awarded a Michelin Star.

SHINGO is located at the La Palma building at 112 Alhambra Circle, Coral Gables, FL 33134. SHINGO will be open for dinner five days a week (Tuesday – Saturday) with two seating options at 6:00 PM and 9:00 PM. The 18-course omakase experience is $180 per person, excluding tax and gratuity. An optional wine and sake pairing is available for $95 per person.