Allen Morris Company, One of Miami's Oldest Development Firms, Launches Sales of 'Ponce Park Residences' In Coral Gables
In a City already renowned for its luxury residential, the Allen Morris Company, one of the most renown real estate firms in the Southeast U.S., has launched the sales of Ponce Park Residences in Coral Gables. Ponce Park Residences is an ultra-luxury mixed-use, one-of-a-kind boutique condominium community featuring 58 two- to five-bedroom residences. Residences will range in size from 1,900 sq ft to 6,500 sq ft for penthouse residences, and will offer oversized 11’ deep balconies.
In a City already renowned for its luxury residential, the Allen Morris Company, one of the most renown real estate firms in the Southeast U.S., has launched the sales of Ponce Park Residences in Coral Gables. Ponce Park Residences is an ultra-luxury mixed-use, one-of-a-kind boutique condominium community featuring 58 two- to five-bedroom residences. Residences will range in size from 1,900 sq ft to 6,500 sq ft for penthouse residences, and will offer oversized 11’ deep balconies each appointed with a fully loaded Summer Kitchen. Complementing Ponce Park’s residential offerings is a full-service Sky Bar, artisanal café, doorman service and an adjacent Michelin Star restaurant. ONE Sotheby’s International Realty will oversee sales which start at $2.4 million. The sales center for Ponce Park Residences will open in February, offering prospective buyers an exclusive look at the residences and amenities.
Located at 3000 Ponce de Leon Blvd., at the intersection of Ponce de Leon Blvd. and University Drive, the eleven-story, 58-residence boutique enclave will also feature 30,000 sq ft of amenities including rooftop pools, jacuzzi, a fully appointed spa, and a fully staffed rooftop bar for residents. The program also includes 25,000 square feet of curated ground floor retail, including a world-renown restaurant that will anchor the project, all a few minutes’ walk from the famed Miracle Mile.
To be located directly adjacent to Ponce Circle Park, the Allen Morris Company will contribute $2 million to help support enhancements and upgrades at the public park which will benefit all Coral Gables residents.
Designed by the globally acclaimed John Cunningham of Zyscovich Architects, with interiors by New York-based Meyer Davis, Ponce Park’s design pays homage to the City’s rich Mediterranean influence, while integrating contemporary elements and every imaginable amenity. Construction is scheduled to begin Q4 2025, with a late 2027 completion date.
“Ponce Park will become a building of timeless elegance”, says W. A. Spencer Morris, President of the Allen Morris Company. “The structure is clad in the finest natural stones, with Venetian plaster accents and custom artisanal metal and wood details throughout, it is truly in a category of its own.”
Ponce Park’s location is truly distinct, set among the pristinely landscaped streets of Coral Gables, the building will be perfectly European, with its interiors designed and curated by the acclaimed New York-based Meyer Davis. Timeless elegance will be Ponce Park’s legacy. Beyond the adjacent Ponce Circle Park, residents will enjoy private serene outdoor retreat areas within the property through thoughtfully designed landscaping.
Additional features of the bespoke residences include 11’-12’ ceilings, private elevators, chef-grade kitchens, Italian wood cabinetry, double waterfall Italian stone countertops and premium appliances, including Sub-Zero, Wolf, and La Cornue. Ponce Park’s smart home technology and cutting-edge automation will be unparalleled, melding artistry with innovation.
“Ponce Park is an iconic expression that will become the new Southern Gateway to Coral Gables. The artful composition, massing detailing, and refined materiality of the building will make it a celebrated and cherished landmark for generations to come,” said John A. Cunningham, Managing Director, of Zyscovich Architects.
“Our vision for Ponce Park was to craft a space that honors the essence of Coral Gables—its lush landscapes, timeless elegance, and vibrant community. Working with a developer who shares our passion for creating timeless, harmonious spaces, we have designed a destination where lush greenery, European-inspired details, and inviting pathways to come together to celebrate community, history, and the art of living beautifully,” adds Nancy Santorelli, Managing Director, Meyer Davis.
“Ponce Park represents a rare opportunity to bring a truly transformative vision to life in the heart of Coral Gables,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “This project is a harmonious blend of timeless design, unparalleled luxury, and an extraordinary location. It offers buyers the chance to experience a level of exclusivity and elegance that will redefine urban living in one of the nation’s most coveted neighborhoods.”
For more information about Ponce Park Residences or to inquire about purchasing a unit please fill out the form below:
The Calta Group Locks Down $30 Million Construction Loan For Coral Gables Townhomes 'Via Veneto'
The Calta Group, a real estate, development, and construction company led by brothers Ignazio and Gaetano Caltagirone, announced today that they have closed on a $30 million construction loan from Banesco USA for Via Veneto.
The Calta Group, a real estate, development, and construction company led by brothers Ignazio and Gaetano Caltagirone, announced today that they have closed on a $30 million construction loan from Banesco USA for Via Veneto. The financing will fuel the development of Via Veneto, a collection of 10 ultra-luxury townhomes located in the heart of Coral Gables. Groundbreaking for this iconic project, which pays homage to Coral Gables' glorious past while introducing state-of-the-art grandeur, is slated for Spring 2025.
The sophisticated boutique project will feature 10 three-story townhomes, each offering more than 5,500 square feet of living space. Each residence offers four oversized bedrooms, four and a half baths, and expansive entertainment and living areas. Additional features include gourmet kitchens designed by Mia Cucina, renowned for its high-end Italian furnishings, and thoughtfully designed outdoor spaces with private terraces and summer kitchens overlooking a picturesque courtyard, providing an ideal blend of indoor and outdoor living.
Drawing inspiration from the neoclassical Mediterranean colonial style, Via Veneto’s exteriors combine timeless southern European elegance with modern luxury. Architectural details such as recessed entry porticoes, wrought-iron-inspired balconies, and intricate stonework complement Coral Gables' historical charm.
Each residence is uniquely distinguished by its own entry garden and façade. Within the landscaped development, residents will enjoy a trellised arched entryway, a paved motor court, and private carports alongside expansive four-car garages.
Priced from $5.7 million, Via Veneto is designed by renowned architect Nelson de Leon with interiors by Sensi Casa. The modern Mediterranean townhomes offer the added convenience of an elevator accessing all three levels.
“This construction loan represents a monumental milestone in making Via Veneto a reality,” said Gaetano Caltagirone, Co-Founder of The Calta Group. “We are proud to partner with Banesco USA, a respected leader in construction lending, to bring to life the most sophisticated project ever built in Coral Gables. Via Veneto is more than a development; it represents a culmination of our life experiences, passion, and a quest to exceed any level of sophistication Coral Gables has ever seen. This project is a legacy, a landmark that will become as iconic as The Biltmore Hotel, designed to fulfill the needs of an influx of discerning buyers attracted to this vibrant area.”
Banesco USA, an independent Florida state-chartered bank with $4.17 billion in assets and six locations between South Florida and Puerto Rico, has a strong reputation for serving a diverse clientele including the commercial and real estate sectors, small and middle-market businesses, and operating companies.
“At Banesco USA, we are committed to fostering exceptional projects that enrich the communities we serve,” said Calixto García-Vélez, President and CEO at Banesco USA. “Via Veneto exemplifies innovation and elegance, and we are proud to collaborate with The Calta Group to bring this exceptional development to Coral Gables.”
“We are proud to partner with The Calta Group on Via Veneto,” added John Cedres, Vice President – Corporate Lending Officer at Banesco USA. “This investment reflects our confidence in the strength of the Coral Gables market and The Calta Group’s track record of delivering exceptional developments that resonate with high-end buyers.”
Advisory services were provided by Jason Shapiro of CRE Capital Group.
Located at the intersection of Sevilla Avenue and Palermo Avenue, at 915 Palermo Avenue, Via Veneto offers unparalleled access to Coral Gables’ iconic landmarks, including The Biltmore Hotel, Venetian Pool, and Miracle Mile, celebrated for its boutique shopping, dining, and cultural attractions. Residents will also benefit from proximity to top-rated schools, parks, golf courses, recreational facilities, and Miami International Airport, making it an ideal choice for luxury buyers seeking convenience and sophistication.
Marketing and sales for Via Veneto are exclusively handled by Judy and Nathan Zeder, the high-powered mother/son duo with The Jills Zeder Group of Coldwell Banker Realty – the nation’s number one team as recognized by the Wall Street Journal.
Check Out This Cocoplum Estate Which Just Sold For $8.3 Million, A Record Non-Waterfront Price Per Square Foot
The real estate market in the exclusive community of Cocoplum recently saw a record-breaking sale of a non-waterfront home for $8.3 million. The property at 180 Isla Dorada Blvd set a new high for price per square foot in the Islands of Cocoplum.
The real estate market in the exclusive community of Cocoplum recently saw a record-breaking sale of a non-waterfront home for $8.3 million. The property at 180 Isla Dorada Blvd set a new high for price per square foot in the Islands of Cocoplum. The seller of the property was Angel Nicolas, representing himself with Compass and his partners from Pumayna. The buyers, represented by Monica Slodarz with Compass, purchased the home under an LLC owned by Francisco Aristequieta.
This stunning turnkey contemporary home offers 5 bedrooms and 5.5 bathrooms spread across 5,391 square feet under AC. The property features high ceilings, recessed lighting, hardwood floors, and floor-to-ceiling windows that flood the home with natural light. The Mia Cucina kitchen is a chef's dream with top-of-the-line appliances, an island, and a pantry.
The home also includes a formal dining room, home office, library/den, or media/recreation room. The primary suite boasts a Mia Cucina walk-in closet and a luxurious marble bathroom with a soaking tub, double shower, and dual vanity. The other bedrooms have custom closets and ensuite bathrooms with elegant finishes.
Outside, the private yard features an expansive pool and a summer kitchen, perfect for entertaining guests or enjoying the beautiful Florida weather. This sale represents the epitome of luxury living in one of Miami's most coveted neighborhoods.
Credit: Jheimany Montoya
MIKA By Michelin-Starred Chef Michael White Opens In The Plaza Coral Gables
Chef Michael White, recognized for six Michelin stars and a James Beard Award, among other prestigious accolades, has opened his first standalone Florida restaurant – MIKA – on Thursday, Dec. 12. Celebrating the bounty of the Mediterranean Riviera, White draws inspiration from the coasts of Italy, France and beyond.
Chef Michael White, recognized for six Michelin stars and a James Beard Award, among other prestigious accolades, has opened his first standalone Florida restaurant – MIKA – on Thursday, Dec. 12. Celebrating the bounty of the Mediterranean Riviera, White draws inspiration from the coasts of Italy, France and beyond to unite his signature style of cooking with South Florida’s exceptional seafood and produce in this new dining concept, located in The Plaza Coral Gables.
Envisioned as a staple neighborhood restaurant, guests will experience a fresh iteration of White’s remarkable culinary journey, which is most notably marked by him having earned a coveted two-star Michelin rating as the creator and founding chef New York City’s esteemed Italian establishment Marea. MIKA combines chic sophistication with a relaxed, welcoming ambiance, offering the perfect setting for anything from a casual dinner with friends to a business gathering or a stylish evening out. It is a place where guests are family, invited to enjoy authentic food in a setting that honors the hospitality of home.
Last Wednesday, a slew of celebrities attended a soiree to celebrate MIKA’s grand opening with A-listers in attendance included Derek Jeter and his wife Hannah, NBA player John Wall, DJ Cedric Gervais, of Real Housewives fame Nicole Martin, Mayor Francis Suarez, Mayor Vince Lago, Byredo-Founder Ben Gorham and model Devon Windsor, as well as some of the top names in hospitality, entertainment, and real estate including Dave Grutman, Shareef Malnick, Chris Paciello, Steve Boucher, Colin Cowie, David Martin, and Nitin Motwani.
The menu at MIKA blends delicate crudos, house made pastas, and perfectly grilled proteins, all prepared to showcase the seasonality and quality of each ingredient. Signature dishes, such as langoustine carpaccio, fusilli with octopus and bone marrow, and bistecca alla fiorentina will be featured alongside new creations tailored for Miami’s palate. Complementing the plates are classic cocktails, such as spritz-style libations and craft Italian beers, along with an impressive wine collection housed in a striking 1,700-bottle cellar, featuring Italian, French, and American selections.
Alongside White are owner-partners Alex Pirez and Matt Safchik. Pirez is a prominent partner with two of Miami’s leading hospitality groups – Groot Hospitality and Major Food Group – known for his collaborations at renowned venues like Komodo, Swan, Gecko, and the Goodtime Hotel, and responsible for Major Food Group’s expansion in Miami from New York. Safchik is a seasoned food and beverage operator and former Vice President of Food & Beverage Development for Wynn Resorts. The partnership trio chose Coral Gables because it was an opportunity to serve a truly local audience and contribute to this burgeoning pocket of the local food culture.
“Having both my home and business in Coral Gables, I’ve always dreamed of creating a place the community could call its own,” said Pirez, who was heavily involved in the design. “It’s a privilege to partner with Chef White and bring his legendary coastal-Riviera dishes to this special part of Miami that is near and dear to my heart.”
Central to the dining experience are MIKA’s striking interiors by international award-winning Bishop Design. The design of MIKA draws from timeless Mediterranean traditions. Spanning 8,195 square feet, the space features a palette of nature’s tones elevated by a variety of textural layering. A stylish bar and lounge lead to an intimate 100 seat main dining room. Exceptional natural stones, distressed wood, chukum-inspired walls, and burnished metals create a dynamic interplay in the soft light. Leather and velvet accents invite touch, while arched motifs, dome shapes, and tall coffered ceilings offer a timeless nod to classical architecture. Handcrafted lighting pieces lend a bespoke quality, each with unique artisanal patterns. For private gatherings and special occasions, a spacious 36-seat private dining room with a dedicated outdoor lounge is available.
MIKA is located at 3005 Ponce de Leon Blvd, Suite 248, Coral Gables, and is now accepting reservations. MIKA is open for dinner Tuesday – Saturday. Lunch and additional dinner services will begin in early 2025.
Images via Daniel Zuliani
Six Michelin-Starred Chef Michael White Set to Open MIKA at The Plaza Coral Gables
Six Michelin-starred Chef Michael White, creator and founding chef of Marea, one of New York City’s most esteemed restaurants, is set to open MIKA, his first standalone restaurant in Florida. Located in Miami’s Coral Gables, the restaurant’s menu will feature his classic Riviera style.
Six Michelin-starred Chef Michael White, creator and founding chef of Marea, one of New York City’s most esteemed restaurants, is set to open MIKA, his first standalone restaurant in Florida. Located in Miami’s Coral Gables, the restaurant’s menu will feature his classic Riviera style while celebrating South Florida’s exceptional bounty of local seafood and produce. Nestled within The Plaza Coral Gables, the new placemaking neighborhood destination for upscale shopping, dining and entertainment, MIKA will open its doors later this year.
MIKA will feature White’s classic Riviera style while celebrating South Florida’s exceptional bounty of local seafood and produce. The menu will include innovative carpaccio-style crudos, exceptional handmade pastas, and perfectly grilled proteins paired with some of White’s most legendary dishes like langoustine carpaccio, fusilli with octopus and bone marrow, and rosemary sea salt bistecca alla fiorentina.
While White is known for his fine dining, MIKA will be a fresh concept that unites his skillset with a focus on humble hospitality. As a result, the restaurant will be an inviting and sophisticated neighborhood restaurant offering unapologetic food in a convivial setting.
White has teamed up with partners Alex Pirez -- founder of the luxury design-development firm Mocca Group and a restaurant investor responsible for Major Food Group’s Miami expansion -- and Matt Safchik – a seasoned food and beverage operator from Miami -- to bring this new culinary experience, MIKA, to Coral Gables. The partnership trio chose Coral Gables because it was an opportunity to serve a truly local audience and contribute to this burgeoning pocket of the local food culture.
Chef Michael White is a culinary icon whose journey has earned him six Michelin stars — including a coveted two-star rating at Marea, where he perfected his signature style of coastal cooking informed by nearly a decade spent living and cooking in Italy and studying classic culinary techniques.
A prodigy of his craft and dedicated disciple of Mediterranean coastal cuisine, White is known for his menus that celebrate the bounty of the Mediterranean Riviera drawing inspiration from the coasts of Italy, France and beyond. Awarded almost every significant recognition in the industry, his accolades include: Six Michelin stars, a three-star New York Times review and James Beard Award. Throughout his legendary career, he has helmed the kitchens at some of the most respected restaurants in the country including Spiaggia, Fiamma Osteria, Alto, Convivio, Osteria Morini and Ai Fiori.
Alta Developers Coral Gables Turnkey Condo 'Cassia' Converts to Contract
Cassia, the latest luxury condominium development from Alta Developers in Coral Gables, has just transitioned to contract, marking a significant milestone for the highly anticipated project. With prospective buyers formalizing their commitments to this innovative lifestyle, excitement is building as Cassia prepares to open its state-of-the-art sales gallery.
Cassia, the latest luxury turnkey condominium development from Alta Developers in Coral Gables, has just transitioned to contract, marking a significant milestone for the highly anticipated project. With prospective buyers formalizing their commitments to this innovative lifestyle, excitement is building as Cassia prepares to open its state-of-the-art sales gallery showcasing the exquisite living experience that awaits residents.
Situated in the vibrant Merrick Park District at 4011 Salzedo Street, Cassia is set to become a focal point of this prestigious neighborhood, offering 174 fully furnished residences. With one, two, and three-bedroom units ranging from 662 to 1,461 square feet, and prices starting at $700,000, Cassia provides a turnkey living experience designed to cater to diverse lifestyles. Cervera Real Estate is exclusively managing the sales for these exclusive residences.
"We are thrilled to announce Cassia's transition to contract, marking a significant step forward in bringing this visionary project to life," said Raimundo Onetto, Principal and CEO of Alta Developers. "The demand for our unique offering—a fully furnished residence in the prestigious Merrick Park District—is truly exceptional, highlighting the appeal of our stylish and flexible living concept."
Cassia's approach to luxury living is truly unique, offering fully furnished turnkey residences that cater to frequent travelers or seasonal residents. The development features flexible rental options for ultimate convenience, along with world-class amenities designed for relaxation and recreation. From segmented lobbies to an executive lounge, fitness studios, and a wellness center with a fully equipped spa, Cassia provides residents with a resort-like lifestyle in one of South Florida's most desirable neighborhoods.
Inspired by Coral Gables Garden City Vision, Cassia pays tribute to the founders' vision of creating a lush, garden-like city. Named after the Cassia trees that bloom throughout Coral Gables, the project's design reflects the city's status as "Tree City USA," showcasing a commitment to beautiful greenery and natural surroundings.
"With Cassia, we have created a residence that not only embraces the spirit of Coral Gables but also sets a new standard for luxury living," said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate. "The transition to contract is a testament to the market's enthusiasm for this unique development, which combines beautiful design, flexible ownership options, and an unbeatable location."
For those interested in experiencing the luxury and convenience of Cassia, the sales center is located at 4201 S LeJeune at the Altara Avenue crossroad, with the development set to rise at 4011 Salzedo Avenue. Don't miss the opportunity to be a part of this exceptional living experience in one of Coral Gables' most sought-after neighborhoods.
Alta Developers Launches Sales of Flexible Rental Condo 'Cassia' In Coral Gables
Alta Developers, led by Raimundo Onetto, has launched sales of Cassia, a fully furnished luxury turnkey condominium located in the heart of Coral Gables. Nestled in the fashionable Merrick Park District in the heart of Coral Gables, at 4011 Salzedo, Cassia will rise 12-stories and feature 174 residences.
Alta Developers, led by Raimundo Onetto, has launched sales of Cassia, a fully furnished luxury turnkey condominium located in the heart of Coral Gables. Nestled in the fashionable Merrick Park District in the heart of Coral Gables, at 4011 Salzedo, Cassia will rise 12-stories and feature 174 residences, including one, two and three-bedroom units spanning between 662 and1439 square feet. All units will be beautifully designed and feature well-appointed furniture and furnishings from RH. Prices start from $700,000 with sales being exclusively managed by Cervera Real Estate, a trusted name in the South Florida real estate market.
Ideal for those who travel frequently or reside seasonally, Cassia offers flexible rentals where owners enjoy the conveniences of versatile stays.
"Through Cassia, we aim to create a stylish living experience in the Merrick Park District that seamlessly integrates the surrounding Coral Gables lifestyle. All the while allowing residents to enjoy their apartment as little as or much as they’d like,” said Raimundo Onetto, Principal and CEO of Alta Developers. “With every detail meticulously curated, from the exceptionally designed and crafted RH furniture, to the unparalleled location and array of amenities and of course, proximity just 15 minutes from Miami International Airport, Cassia represents the epitome of contemporary luxury living in one of South Florida's most coveted and pedestrian friendly locations."
The name Cassia stems from the eponymous trees blooming across Coral Gables in Spring and Fall that are likened to gorgeous pink bouquets perched atop long, slender trunks. The name is an ode to the vision of Coral Gables’ founders, who imagined a Garden City with lush green avenues winding through a residential city, punctuated by civic landmarks with playful architecture. Today, that vision endures as Coral Gables has been designated Tree City USA for the past 34+ years.
Residents of Cassia will experience an array of world-class amenities designed to elevate everyday living. From a welcoming front desk reception to a slate of hotel amenities, Cassia ensures convenience and comfort for its residents and guests. Among its amenities are an outdoor garden adorned with Cassia trees, a serene pool area with an outdoor barbecue, and a state-of-the-art wellness center with a fully equipped spa complete with a treatment room, steam room, dry sauna and an indoor pool.
Just mere steps away from the Shops at Merrick Park, Cassia residents can indulge in a premier shopping and dining experience with over 100 retailers and restaurants, including luxury brands such as Neiman Marcus, Nordstrom, Gucci, and Tiffany & Co. Additionally, Merrick Park features esteemed fitness and wellness establishments such as Equinox Fitness, SoulCycle, and Elemis spa.
"From its location just steps away from the Shops at Merrick Park to its impeccably crafted RH furnishings, this project stands as a true gem in the market. We are thrilled to once again partner with Alta Developers as the exclusive sales and marketing firm for this project, which we believe will be something truly special," said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate.
For more information about Cassia Coral Gables or to inquire about purchasing a unit please fill out the form below:
Ugo Colombo's CMC Group Secures $69.9 Million Refinancing Loan For 4000 Ponce Home of The Collection
Miami-based luxury real estate development firm CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce / The Collection, a nine-story Class-A mixed use office and retail development in the heart of Miami’s elite Coral Gables neighborhood.
Miami-based luxury real estate development firm CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce / The Collection, a nine-story Class-A mixed use office and retail development in the heart of Miami’s elite Coral Gables neighborhood. Developed by veteran developer and CMC Group Founder Ugo Colombo in 2002, the Mediterranean-style building also is home to The Collection, one of the most successful luxury car dealerships in the United States, with brands including Ferrari, Aston Martin, Porsche, Maserati, Alfa Romeo, McLaren and Audi. Located at the confluence of Ponce de Leon Boulevard and Bird Road in Coral Gables, 4000 Ponce features 150,000 SF of Class A office space and 32,000 SF of prime ground-floor retail. The building is more than 90% leased to tenants including Steinway & Sons, Coldwell Banker, Hemisphere Media Group, Korn Ferry, Evensky & Katz, Pure Barre and Jetset Pilates.
“Our ability to secure this refinancing for 4000 Ponce is a testament to the building’s enduring value and strategic significance in the Coral Gables market,” said developer Ugo Colombo, Founder of CMC Group. “As the anchor of Coral Gables’ Southern Business District, 4000 Ponce not only boasts a premier walkable setting adjacent to The Shops at Merrick Park, but also a top-tier tenant roster including The Collection’s flagship location, which has called the building home for more than 20 years. With this refinancing, 4000 Ponce continues to set the standard for being one of the most prestigious business addresses in Miami, reinforcing its position as a cornerstone of sophistication and quality in the market.”
JLL Capital Markets worked on behalf of the borrower, CMC Group, to secure the five-year, floating-rate senior loan through City National Bank of Florida (CNB) Senior Vice President and Real Estate Banking Executive Karen Richardson. The JLL Capital Markets Debt Advisory team representing CMC Group was led by Senior Managing Director Paul Stasaitis, Associate Paul Adams, and Analyst Nicole Barba. Jim Shindell and Hannah Lidicker of Bilzin Sumberg represented CMC Group.
“This debt placement demonstrates that lenders highly value the fundamentals, such as a location that has blossomed into an upscale live, work, play urban neighborhood with convenient access to transit. But more importantly, the sponsor has demonstrated a long history of successful office occupancy and an operating business that leads in its industry space. We are experiencing the emergence of astute lenders who recognize that our local office markets are different than national themes and that every asset should be viewed singularly on its merits,” said Paul Stasaitis.
“CMC Group has been one of Florida’s most prolific real estate firms for more than 30 years, and 4000 Ponce has been a centerpiece of commercial activity in Coral Gables since its development. Our decision to finance the asset aligned closely with our dual focus on relationship banking and providing capital to clients that are fueling Florida’s real estate market, which is among the nation’s strongest,” according to Gary Fitzgerald, Executive Vice President and Real Estate Banking Executive at City National Bank of Florida.
Developed in 2002, 4000 Ponce offer a grand lobby, common areas and elevators enhanced by marble, Venetian stucco, cherry millwork, and bronze, while its exterior stands out for the iconic Mediterranean-style architecture that distinguishes ‘The City Beautiful.’ Each floor of office space contains approximately 30,000 rentable square feet, with flexible floor plans for both full-floor users and multi-tenant use. The smart building is equipped with the latest systems for fully-integrated broadband communications service, high-speed internet and data network service, and features ample on-site parking in an attached garage with a ratio of three spaces per 1000 SF, with a special visitor parking area on the mezzanine level.
4000 Ponce is surrounded by an abundance of executive housing and is adjacent to The Shops at Merrick Park, one of the South Florida’s most coveted shopping districts. Tenants enjoy the frequent service of the Coral Gables trolley which stops in front of the building and provides access to Miracle Mile, as well as the nearby MetroRail station. The property is also within walking distance from US-1 and is approximately 20 minutes away from Miami International Airport.
CMC Group’s South Florida development portfolio includes luxury residential towers including Bristol Tower, Santa Maria, Epic Residences and Hotel, Grovenor House, Porto Vita and Brickell Flatiron. CMC Group’s most recent developments include Onda Residences, which is delivering this Summer in Miami’s Bay Harbor Islands; Vita at Grove Isle, an ultra-luxury boutique condominium under construction on the private island of Grove Isle in Miami’s Coconut Grove neighborhood; and the newly unveiled Four Seasons Private Residences, also in Miami’s Coconut Grove.
MG Developer Partners With Interior Designer Nina Takesh On 'The George' In Coral Gables
MG Developer, a leading real estate development firm headquartered in Coral Gables and Los Angeles based Nina Takesh, founder of the eponymous design firm Nina Takesh Designs, have formalized an agreement for “The George,” an ultra-luxury 13 townhome development.
MG Developer, a leading real estate development firm headquartered in Coral Gables and Los Angeles based Nina Takesh, founder of the eponymous design firm Nina Takesh Designs, have formalized an agreement for “The George,” an ultra-luxury 13 townhome development poised to be the crown jewel of the master-planned “Biltmore Square” enclave; named after the Founder of Coral Gables, George Merrick. MG Developer acquired the last parcel of land available in Coral Gables’ Biltmore Square area at the end of 2023 and is anticipated to break ground by the 4th quarter of 2024. This townhome collection is set to become a landmark development in Coral Gables and will complete MG’s master-planned community, Biltmore Square.
Los Angeles-based Interior Designer Nina Takesh will lead the interior design for “The George,” MG Developer’s latest ultra-luxury townhome project in Coral Gables. With a global client base and over one million followers across her social media channels, Nina has designed for celebrity clients such as Jennifer Lopez, Gwen Stefani, and Madonna, to name a few. Nina collaborates with top brands and serves as an ambassador for Jenn Air. Her YouTube channel, Red Elevator, highlights her design expertise and passion, solidifying her reputation as a global design icon.
Takesh’s approach includes personalized consultations to capture clients' visions and preferences, followed by the creation of sophisticated and functional design concepts. Her team will meticulously plan room layouts, select all high-quality finishes, fixtures, and furnishings, and devise comprehensive lighting schemes to enhance the ambiance of each space. Throughout the project, Takesh will collaborate closely with architects and contractors to ensure the seamless execution of her design vision.
Additionally, she will oversee project management to maintain timelines and budgets, adding final styling touches for client approval. To engage the community and showcase the development's progress, Takesh will implement a strategic social media campaign across platforms like Instagram, YouTube, Facebook, Pinterest, and TikTok.
Nina Takesh Designs and MG Developer are committed to delivering superior excellence in The George’s interior design, which will reflect the property’s unique personality and the discerning lifestyle of its Coral Gables residents.
For more information about The George or to inquire about purchasing a unit please fill out the form below:
The Allen Morris Company Receives Commission Approval For Ponce Park Residences Coral Gables Condo
The Allen Morris Company, led by Allen and Spencer Morris, have received commission approval for Ponce Park Residences, a luxury condo project set to rise in the heart of Coral Gables. Located on the crown jewel site at the intersection of the renowned Ponce De Leon Boulevard and University Drive in Coral Gables.
The Allen Morris Company, led by Allen and Spencer Morris, have received commission approval for Ponce Park Residences, a luxury condo project set to rise in the heart of Coral Gables. Located on the crown jewel site at the intersection of the renowned Ponce De Leon Boulevard and University Drive in Coral Gables, Ponce Park Residences is positioned to become the next most iconic building in The City Beautiful. On May 21 the Coral Gables commission voted a unanimous 5-0 in support for Ponce Park Residences, which was designed by John Cunningham and pays homage to the Mediterranean influences of Coral Gables while creating an active pedestrian arcade that blends seamlessly into a new city park. Project architect John Cunningham designed the timeless Alhambra Towers which is also owned and developed by The Allen Morris Company and has served as one of the most iconic buildings on the Coral Gables skyline. Ponce Park Residences will also feature landscape design by Naturalficial. Sales are set to launch summer 2024 and will be overseen by ONE Sotheby’s International Realty.
Ponce Park Residences will consist of approximately 20,000 SF of retail & restaurant space, which will house two world-renown restaurants and a world-class wellness spa. The tower will house 57 ultra luxury condo units. The units will include the finest Italian kitchens & countertops, 12’ deep balconies with summer kitchens in every unit and 11’-12' clear ceiling heights. The building’s rooftop deck boasts 30,000 SF of amenities including multiple pools, a cold plunge, a hot tub and a fully staffed, private rooftop bar with views of South Gables and Biscayne Bay.
The project will provide residents a boutique urban lifestyle experience and access to over 100 shops and restaurants located at the $1 billion mixed-use The Plaza Coral Gables directly across the street as well as the Miracle Mile corridor located a short walk away.
The Allen Morris Company will also contribute $2 million in public improvements and assume responsibility for the re-design of Ponce Circle Park, The City’s central park. The total park improvements will total over $9 million.
Fouquet’s Hotel & Residences, Miami Design District has unveiled more than 40,000 square feet of amenities designed by RDAI, the Paris-based studio behind Hermès stores worldwide. The 143-residence development pairs rooftop leisure and wellness spaces with direct access to an 85-key Fouquet’s hotel.