Leading Mexican Indoor Cycling Brand 'Siclo' Set To Open First Studio in United States in Coral Gables

Pioneers in the indoor cycling world in Latin America, Siclo, a 100% Mexican born company that has spread successfully around Latin America and Spain, is now expanding in the United States, opening its first studio in Miami, in the heart of Coral Gables.

“We are inspired by music. We love to sweat, and we push our pedals deeper every time to become a better version of ourselves. We turn what keeps you sleepless in what makes you dream… dream BIG, achieving BIG. We are passionate about cycling and we feel alive, we are that adrenaline feeling that you wish to experience over and over again. That’s why we are here.”

Síclo is a leading brand of indoor cycling from Mexico, where music and a highly positive environment with no judgement creates a completely unique and fun experience. There is something special about this brand, that has achieved to get into people’s hearts even across the ocean. Now present in Mexico, Peru, Colombia, Spain, opening soon in Ecuador, and now United States, this is a true inspiration for the Latin entrepreneurial society.

The newly opened studio in Coral Gables, offers a wide schedule of classes, rockstars turned instructors, epic playlists and an spectacular customer service with a warm and energetic staff, where the goal is to build a strong community -Latin and non Latin – like the one they have already created in several countries for the last 9 years.

To celebrate the highly expected opening, Síclo is organizing this Wednesday May 15th an opening ribbon cutting ceremony with Mayor of Coral Gables, Vince Lago, and Síclo’s co-founder & CEO, Alejandro Ramos, followed by a Mexican-style vibrant party, to truly represent the brand’s DNA and cultural roots with their exclusive guests, key local people of influence, press and friends and family.

“We want to share that pride of being Mexican and Latin with our Miami friends, new local clients, to share the energy that we continue to spread everywhere we go and proudly bring with us our core slogans with 100% Mexican soul such as ”Mexicanos al grito de Rueda”, “Rodando se alegra el cielito lindo”, “A mí nadie me pedalea la bici”, si ruedo lejos de ti”, “A que no puedes rodar solo una”, and of course Frida Kahlo’s “Pies para qué los quiero si tengo alas para rodar”.

Siclo’s main mission is to help the local community, motivating us to always be a better version of ourselves. This has been its main motto and priority since it revolutionized the fitness world in Latin America, opening its first studio in Mexico City in 2015, creating ever since a whole lifestyle where they continue innovating to grow their international following.

This is a very important milestone for Síclo, where Giralda Avenue’s studio is just the beginning of a future expansion, where they wish to bring not only to the Latin market, but also to the American and International one, a new energetic way of cycling, a 45 minute ride that goes beyong sweating. This is energy, soul and joy, the Latin way.

MG Developer Hosts Receptions Honoring Local Community Contributions

Coral Gables-based real estate development firm MG Developer recently hosted a private reception with a select group of Coral Gables residents, honoring them for their local contributions to the community. As Coral Gables celebrated its 99th anniversary, MG Developer is carrying a long-storied tradition started by the city’s founder George Merrick. In recognition of those who continue elevating the city’s legacy, guests included new owners from MG Developer’s latest project, The Village at Coral Gables.

“Our mission is to deliver a high-quality lifestyle that starts at each home we build throughout the City Beautiful,” said Alirio Torrealba, CEO of MG Developer. “Our mission is to continue the vision that George Merrick started, building residences but at the same time, building communities. Many of those who have chosen to live at an MG Developer property align with that ethos, and we’re proud to continue those bonds that strengthen our city’s history and create a path for the future.”

As Coral Gables gains national prominence for its high-end shopping, world-class dining, and famed tree canopy that surrounds residents in South Florida’s unique natural environment, the city’s profile continues to rise with the delivery of The Village of Coral Gables, a Seville-inspired community with 48 residences. Inspired by George Merrick’s original plan of developing themed villages throughout the city, MG Developer is continuing that plan with this timeless project.

Celebrating the development and the residents that will shape the character of The Village at Coral Gables, guests enjoyed a myriad of mixed cocktails, light bites, and melodic sounds by a special violinist.

“These will be the first residents in what is to become the eighth village of Coral Gables, writing a new chapter in City Beautiful history,” continued Torrealba. “We’re thrilled to be a part of it and add our own contributions to one of this renowned community.”

Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

Mast Capital Delivers Avalon Merrick Park Coral Gables Multifamily In Partnership with AvalonBay Communities

Miami-based real estate development firm Mast Capital in partnership with AvalonBay Communities, a publicly traded real estate investment trust that invests in multifamily developments, has delivered Avalon Merrick Park. Situated at 3811 Shipping Ave. in the upscale Coral Gables area, the residential community has 254 luxury rental units and an array of unmatched amenities to accommodate the growing demand for luxury rentals.

“Coral Gables continues to outperform as one of the most highly desired cities and in-demand residential markets across South Florida,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “The delivery of Avalon Merrick Park and the leasing success to date underscores the rising demand for high-quality housing in the Coral Gables market. Our community offers a unique urban and sophisticated setting complemented by spacious residences and lifestyle-driven amenities that create an elevated living experience.”

Avalon Merrick Park offers a variety of floorplans ranging from studios, one-, two-, and three-bedroom apartments spanning from 456 to 1,530 square feet in size. The thoughtfully designed living spaces feature modern kitchens with quartz countertops and stainless-steel appliances boasting tile backsplash, LED lighting, and hard-surface flooring.

Designed by award-winning architecture firm Arquitectonica and constructed by First Florida, the multifamily development offers a robust amenity package that includes an elevated, resort-style swimming pool with infinity edge and ocean views, state-of-the-art fitness center complete with a yoga studio, a resident lounge with coworking spaces and pet spa. Residents will also enjoy Avalon Connect offering high-speed WIFI in both units and common areas, digital resident services including the ability to submit service requests and pay rent online, and lockers for the secure delivery of packages.

Avalon Merrick Park is within walking distance of one of the area’s most acclaimed open-air lifestyle centers, Shops at Merrick Park, home to luxury and designer brands and a variety of upscale dining, shopping, and entertainment options. The residential community is just one mile from the center of Coral Gables, where its iconic pedestrian promenade Miracle Mile is considered a premier destination with dozens of shops, eateries and cafes. The property is also conveniently close to other popular neighborhoods such as Coconut Grove, South Miami, Brickell, and Downtown Miami.

Mast Capital has emerged as one of Florida’s most active real estate development and investment firms, with a diverse portfolio of residential and commercial properties throughout the region. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new-build development of 4,000 residential units in Brickell, Miami Beach, Fort Lauderdale, Palm Beach County, as well as the Orlando, Fort Myers, and Tampa Bay metro areas.

This Thursday April 11: Night at the Museum Conference at Coral Gables Art Museum

On April 11, 2024, PROFILEmiami will host PROFILEconnect: A Night at the Museum, our first annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. The panels will explore Women in Real Estate, and Coral Gables Design & Development, leading up to our Legends of Miami Real Estate panel. The evening will be capped off with Sunset Cocktails on the museum veranda.

Prior to the event PROFILEmiami and the Coral Gables Museum are hosting an exclusive VIP Lunch at Coral Gables culinary staple - Zucca. The exclusive chef’s menu will be enjoyed alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

Date: April 11, 2024 | 2 PM - 9 PM

Location: Coral Gables Art Museum, 285 Aragon Ave. Coral Gables

Tickets: A portion of all proceeds go to The Coral Gables Museum

VIP Lunch: Noon @ Zucca prior to panels. $250 VIP Ticket includes chef’s menu & wine @ Zucca + all access to ‘PROFILEconnect: A Night at the Museum’ panels and cocktail hour.

Buy Tickets:

Panels

Women in Real Estate (2:30 PM)

• Cassie Resnick, Mast Capital

• Vanessa Stabile, ONE Sotheby’s International Realty

• Alicia Lamadrid Paysse, Cervera Real Estate

• Moderator: Amelia Rodrigues, Banesco

Coral Gables Design & Development (4 PM)

• Raymond Fort, Arquitectonica

• Eduardo Otaola, Constellation Group

• Diego Torrealba, MG Developer

• Scott Sherman, Torose Equities

• Moderator: Scott Wadler, Berkadia

Legends of Miami (5 PM)

• Edgardo Defortuna, Fortune International Group

• Bernardo Fort Brescia, Arquitectonica

• Carlos Rosso, Rosso Development

Schedule:

• 12 PM: VIP Lunch @ Zucca (VIP Ticket Required)

• 2:30 PM: Women in Real Estate Panel

• 3:30: Bespoke Networking Coffee Break w/ Diego Torrealba of MG Developer

• 4 PM: Coral Gables Development Panel

• 5 PM: Legends of Miami Panel

• 6 PM: Bespoke Networking & Cocktails on the Veranda

Sponsors:

Sponsorships & Information:

Coral Gables Waterfront Estate Hits The Market For $57 Million

A new waterfront mansion just hit the market for $57 million in Coral Gables. Located at 41 Arvida Parkway, the home is an ocean lover’s dream with 574’ of prime views of the Atlantic Ocean and a private 140’ boat dock for yachting enthusiasts that can accommodate a 170+ foot mega yacht. The property is home to a one-of-a-kind pool designed by Estudio Arque, landscaped gardens and multiple outdoor entertainment areas, making it the ideal hosting home. The home is listed with Audrey Ross of Compass.

41 Arvida Parkway spans 18,963 SF complete with 8 beds, 9 baths and 2 half baths on a unique 54,000+, v-shaped point lot with direct access to Biscayne Bay and the Atlantic Ocean. This architectural marvel, designed by Ramon Pacheco, offers 574’ of prime views, a private 140’ boat dock for yachting enthusiasts that can accommodate a 170+ foot mega yacht, 5 car garage, floor-to-ceiling windows, a fabulous Mick De Giulio kitchen, a stunning bayside, one-of-a-kind pool designed by Estudio Arque, landscaped gardens and multiple outdoor entertainment areas. This exclusive retreat, where open waters meet sophisticated living, is a haven for those seeking coastal elegance, security, privacy and access to nearby airports and the world.

Images via Become Legendary / Mike Ruiz

CONSTELLATION GROUP BEGINS CONSTRUCTION ON UPSCALE OFFICE AND RETAIL DEVELOPMENT IN CORAL GABLES

Constellation Group, a Miami-based commercial real estate investment and development firm, along with The Boschetti Group, have broken ground on their Class A+ boutique office and retail project at 4225 Ponce de Leon Blvd in South Florida's renowned “City Beautiful.” This transformative development is poised to elevate the heart of Coral Gables' Merrick Park district, the region’s premier shopping and entertainment destination. The project is slated for completion in 2025 and recently locked down a $33 million construction loan from Miami-based Banesco USA and Abanca.

A groundbreaking ceremony was attended by members of the Constellation and Boschetti Group teams; Coral Gables Mayor Vince Lago; representatives from Banesco USA and Abanca, who provided the financing for the development; Arquitectonica; and Burke Construction.

“This is a very proud moment for us as we come one step closer to developing a best-in-class office destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a boutique-style building with modern office spaces and enticing amenities within a highly coveted location."

The eight-story property, strategically located in Coral Gables' shopping district, will span 85,000 square feet and is situated between 4225 and 4311 Ponce de Leon Blvd. Renowned for its innovative designs, architectural firm Arquitectonica has crafted a luxury boutique-style Class A+ Office with 5,500 square feet of ground floor retail space, premier office space, parking, and a 6,000 square foot rooftop venue, which will offer stunning panoramic views of the city and accommodate a food and beverage venue. A pedestrian plaza and paseo on the ground floor offering valet service will enhance the overall experience for tenants and visitors alike.

The interiors are designed by Interior Architects, Inc. while Naturalificial, a leading landscape architecture firm, will design outdoor spaces that harmoniously blend nature and modernity.

MG Developer Locks Down $11.5 Million Land Acquisition Loan And Reveals Plans For "The George" Luxury Townhomes

MG Developer, a leading real estate development firm led by Alirio Torrealba, has successfully closed a $11.5 million loan for the acquisition of prime land in Coral Gables. This strategic move is a testament to the visionary work of MG Developer which marks a significant milestone, as it sets the stage for the development of 13 more exclusive ultra-luxury townhomes. Named after George Merrick, “The George” will truly be a work of art and will become the crown jewel of the master-planned “Biltmore Square” community. Designed by De La Guardia, whose award-winning designs have received recognition throughout the world, including for MG Developer’s renowned Beatrice Row, also located in the Biltmore Square enclave in 2021.

"We are thrilled to embark on this journey to create 'The George,' a collection of ultra-luxury townhomes that will set a new standard for opulent living in Coral Gables. The support from our financial partners and the Coral Gables community continue to be instrumental in making this vision a reality." Said Alirio Torrealba, CEO of MG Developer.

The 13-townhome enclave will be known as "The George," and is poised to redefine luxury living in Coral Gables. With meticulous attention to detail and a commitment to exceptional design, MG Developer envisions "The George" as a testament to the epitome of sophistication and comfort.

Nestled within the prestigious Biltmore Square community, "The George" is located at 717 Valencia Avenue, and complements and completes the vision of an impeccably planned, upscale residential neighborhood by MG Developer, that is in walking distance to Miracle Mile, Downtown Coral Gables, the Biltmore Hotel, and hundreds of upscale restaurants and boutiques.

Each townhome will feature a sleek aesthetic with top-of-the-line features and finishes, offering residents an unparalleled living experience. Spacious layouts, high-end appliances, and curated interiors are just a glimpse of the lavish lifestyle "The George" will provide.

Anticipated to break ground in the third quarter of 2024, "The George" pays homage to the visionary real estate developer George Merrick. Renowned as the planner and builder of the city of Coral Gables, Florida in the 1920s, George Merrick is celebrated for creating one of the first major planned communities in the United States. MG Developer's decision to name these 13 ultra-luxury townhomes after George Merrick reflects a commitment to honoring his rich history and legacy he left for Coral Gables.

Constellation Group Locks Down $33 Million Construction Loan For Office Development In Merrick Park

Constellation Group, a Miami-based commercial real estate investment and development firm, and The Boschetti Group have locked down a $33 million construction loan from Miami-based Banesco USA and Abanca, for its upcoming office and retail development located at 4225 Ponce de Leon Boulevard in South Florida’s renowned City Beautiful, Coral Gables. This Class A+ boutique office and retail development is poised to elevate the heart of Coral Gables' Merrick Park district, the premier shopping and entertainment destination in South Florida. Colliers, a renowned real estate services firm committed to delivering exceptional experiences, will be handling leasing for both the office and retail spaces.

"We are very excited about the latest milestone in creating 4225 Ponce. We are also proud of our partnership with Abanca and Banesco USA which has entrusted us to develop a Class A+ destination that embodies the true essence of Coral Gables' elegance and sophistication," said Eduardo Otaola, Managing Principal at Constellation Group. "This development will provide a well-located boutique-style Class A office building to Coral Gables in a complicated yet supply-constrained environment.”

The eight-story property, which is strategically located in Coral Gables’ premier shopping district, will be between 4225 and 4311 Ponce de Leon and will span approximately 85,000 square feet. Renowned for its innovative designs, the internationally renowned architectural firm, Arquitectonica, has designed the luxury boutique-style Class A Office to include 5,900 square feet of ground floor retail space, parking, 70,000 square feet of premier office space, and a 7,000 square foot rooftop food and beverage venue offering stunning panoramic views of the city.

“Given the area’s sustained economic vitality, Banesco USA remains bullish on South Florida and is excited to grow our portfolio with Constellation Group by providing the financing for 4225 Ponce,” said Amelia Rodriguez, Senior Vice President of Banesco USA. “Coral Gables is in the midst of a residential and commercial building boom that continues to attract more residents and businesses. 4225 Ponce will add new product to the market, merging innovative Class A+ office spaces with dynamic ground-floor retail offerings, poised to further enhance the City Beautiful’s standing as a premier business and cultural destination. Banesco USA is proud to play a role in making this vision a reality and look forward to financing more innovative projects like this one in the future.”

"We are delighted to collaborate with Constellation Group and Banesco USA on this transformative endeavor to reinvigorate The City Beautiful,” said Monica Vasquez, General Manager at Abanca. “This partnership reflects ABANCA's commitment to supporting visionary projects that not only redefine the urban landscape but also contribute to the cultural and economic vitality of the community, and we look forward to witnessing the positive impact it will have on Coral Gables' dynamic and vibrant atmosphere."

The project represents a significant revitalization initiative that is taking place around Coral Gables’ Merrick Park district, with a development plan that aims to elevate the business and consumer fabric of Coral Gables. The estimated groundbreaking date is set for Q4 2023 and is expected to be completed in 2025.

Interior Architects, Inc. is responsible for creating functional and aesthetically pleasing spaces within the building. Naturalificial, a leading landscape architecture firm, will design outdoor spaces to blend nature and modernity harmoniously.

Notable features include four stories of premier-class A+ office space, a rooftop restaurant offering panoramic views of the city, outdoor terraces on each floor, ground-floor retail spaces, and a 1,500-square-foot lounge. A covered pedestrian plaza and paseo on the ground floor will also offer valet parking service, enhancing the overall experience for tenants and visitors alike.

Inside 'Emerging Leaders: The Next Generation of Real Estate' Presented by Miami Herbert Business School’s Accelerated MBA in Real Estate

On Thursday September 26, 2023, PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate presented “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. The engaging panel featured keynote speakers Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas; 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; the panel was moderated by Demetri Demascus of PROFILEmiami. The discussion explored the next generation in real estate, how Miami’s market cycle impacts the job market, what asset classes are poised for growth, how new employees can add value form day one, 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 was held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing MG Developer’s new luxury condominium and townhome project now under development in Downtown Coral Gables. The evening was hosted by Miami Herbert Business School’s Accelerated MBA in Real Estate program; Dr. Andrea Heusen, Academic Director of Real Estate Programs at Miami Herbert Business School; Alirio Torrealba, CEO of MG Developer; and Demetri Demascus, Co-Founder of PROFILEmiami.

The relaxed and open setting provided 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 set an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders and enjoying sounds by Miami-based DJ DAKAP.

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.