Fortune International Group and Blue Road Partnership Closes On Land For Next Residences For $16 Million

Fortune International Group, in partnership with Blue Road, has closed on a 1.74-acre site at 13899 Biscayne Boulevard for $16 million, paving the way for the future development of Nexo Residences. Nexo Residences is one of the first condo projects with short-term rental capability in the rapidly evolving city of North Miami Beach.

“The transaction is another positive step toward bringing Nexo Residences to fruition, following an extremely successful sales launch and approximately 50 percent of units reserved,” said Edgardo Defortuna, President and CEO of Fortune International Group. “We continue to see strong interest from buyers and investors who are witnessing North Miami Beach’s transformation and want to own a part of its growth as a thriving destination.”

Slated to convert reservations to contracts end of August, Nexo Residences presents 254 move-in-ready condominiums with full home-sharing capabilities, coupled with resort-style amenities. With exclusive sales and marketing by Fortune Development Sales, Nexo Residences’ units will be delivered fully furnished.

Priced from the low $500,000s, studios to four-bedroom townhomes range from about 525 to 2,190 interior square feet. Each homeowner has the choice to rent his/her residence for short-, seasonal or long-term durations without listing limitations, making it a coveted property type for investors, while enjoying the option to utilize it at their own discretion or for personal leisure.

“Understanding the consumer demand to be at the nexus of everything, the project unites activated amenity spaces with an ideal location that allows residents to take advantage of the experiential offerings on property and within the neighborhood,” added Jorge Savloff, CEO of Blue Road.

Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a three-story arrival lobby and lounge; a two-story tech hub with a café; coworking spaces; a business center; luxury pool deck outfitted with a resort-inspired pool with loungers; two fully equipped summer kitchens; and a rooftop observatory deck with 360-degree views. Entertainment offerings include an outdoor children’s playground; multi-purpose clubroom and private event area; and a fitness center with a yoga studio and virtual trainer. The property will also be pet friendly.

Nexo Residences is in proximity to a plethora of business and leisure offerings in Miami, Bal Harbour, Aventura, North Bay Village, Sunny Isles, Hollywood Beach, and beyond. The property is set along the main thoroughfare of Biscayne Boulevard, minutes from the Intracoastal, and is nearly equidistant to Miami International Airport and Fort Lauderdale-Hollywood International Airport. Owners and guests can easily shop at brands like Whole Foods and Target, or indulge in fine dining, shops, and entertainment at surrounding retail centers. The property is also near popular outdoor recreational areas and green spaces, like Oleta River State Park and Haulover Park.

For more information about Nexo Residences, private showings or purchasing/ leasing information please fill out the form below:

AKAI Estates Sells Record Breaking Home For $15 Million In Southwest Ranches

The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates. Previously, the highest sold property in Southwest Ranches was for $11.5 million at 15990 Griffin Road.

With the nation experiencing a major housing shortage, South Florida remains the hottest market in real estate, in part due to the opportunity it presents to obtain a premium property with land, such as the one at AKAI Estates. This sale solidifies the type of quality estate buyers are looking for in this current market which is why South Florida will continue to see these sales throughout neighborhoods like Southwest Ranches, which continue to attract noteworthy individuals migrating to South Florida for the better climate, tax incentives, and more.

“We are thrilled to continue to see the out-of-state, and local, buyer interest in AKAI Estates,” said Alex Yokana, Developer of AKAI Estates. “South Florida and specifically Southwest Ranches have been top of mind for many high net worth individuals and families when considering where to base themselves and this property sets itself apart from the limited inventory available.”

The model selected by the buyer will feature six bedrooms and eight and a half bathrooms within three floors of open space. The 15,983 square foot estate beautifully merges indoor and outdoor living spaces. For entertainment, the pre-construction estate will include a 4,491 square foot swimming pool with a customized two bedroom guest house, a spa and full size basketball court. The estate’s upscale kitchen boasts appliances by Miele.

AKAI Estates will feature 16 estates and is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development. The Alex and Joe Team from compass represented the buyer.

“When looking for a new estate, AKAI Estates was the perfect location that provided my family and I with the seclusion and level of luxury we were looking for," said the AKAI Estates buyer. "We initially thought Miami Beach would be our choice, but Southwest Ranches and AKAI Estates delivered on everything we were seeking, including allowing me to work directly with design consultants and world-renowned architects to bring my architecturally impactful property to life."

Southwest Ranches is popular with celebrities, athletes and business executives because it offers convenient access to Miami and Fort Lauderdale with plenty of privacy and rarity which is exactly what AKAI Estates, the luxury single-family community in Southwest Ranches, is offering. As part of a prestigious suburban landscape, the 44-acre community offers five distinct spectacular models, each delivered on two acres of private property which makes AKAI Estates even more unique.

Kolter Urban Reveals Selene Oceanfront Residences Penthouse Collection In Fort Lauderdale Beach

Kolter Urban has revealed the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 N. Seabreeze Blvd in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach. Douglas Elliman Real Estate leads the sales efforts for Selene Oceanfront Residences with penthouse residences priced from $10.8 million.

“The penthouse collection at Selene Oceanfront Residences is a unique offering on Fort Lauderdale Beach. With expansive interior and outdoor spaces alongside with sweeping oceanfront views, the property’s design elements have been thoughtfully curated to reflect the tropical-modern style Fort Lauderdale Beach is known for,” said Bob Vail, President of Kolter Urban. “We have seen a tremendous uptick in market demand and Selene’s Penthouse Collection is the ideal culmination of what the market is demanding in luxurious living.”

Designed by the award-winning Kobi Karp Architects with interiors by ID & Design International, Selene Oceanfront Residences’ penthouse collection offers four unique floor plans with two residences per floor, designed to the highest standards of quality and craftsmanship. The modern, flow-through penthouse floorplans range from 5,892 square feet to 6,630 square feet of interior and exterior living space. The South Tower floor plan offers four bedrooms, five and a half bathrooms, a family room and a media room, while The East Tower floor plan features three bedrooms, four and a half bathrooms, and a spacious living room.

Selene will offer over 5,300 square feet of restaurant space at the base of the building, providing an unrivaled oceanfront dining experience. Selene blends contemporary architecture together with a host of indoor and outdoor resort-style amenities, including two elevated pool terraces with a resort-style pool, a lap fitness pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar.

Kolter brings over 25 years of successful development experience to each new residential property, including regional achievements such as 100 Las Olas in Downtown Fort Lauderdale, The Ritz-Carlton Residences in Sarasota, and Hyde Park House in Tampa, among many other notable properties. The company not only delivers high-quality design and construction, but developments that provide a unique and amenity-rich lifestyle that anticipates the needs of residents and shapes how people will live in the future.

For more information about Selene Oceanfront Residences, private showings or purchasing/ leasing information please fill out the form below:

Ari Pearl's PPG Development Delivers The Kobi Karp-Designed Slate Hallandale Beach

Ari Pearl has delivered the Kobi Karp-designed Slate Hallandale Beach, a recently completed high-rise luxury rental property that offers an unparalleled elevated living experience in Hallandale Beach, Florida. The project was developed by PPG Development and owned in partnership with BH3 Management. The 26-story luxury rental community with 250 modern residences is located at 101 Diplomat Parkway, Hallandale Beach, FL 33009.

Designed by Kobi Karp Architects & Interior Design, Slate Hallandale Beach offers an elevated living experience beyond comparison, delivering thoughtfully designed floor plans ranging from one to four bedrooms, welcoming residents to bask in luxurious living. Featuring a sophisticated blend of sustainability and modern grandeur, the building enhances the lifestyle of residents through more than 20,000 square feet of resort-inspired amenities and first-class services in the heart of Hallandale Beach. Leasing is underway with immediate availability for occupancy at the completed development, which began accepting reservations in spring 2022.

Slate boasts a cutting-edge, sustainable design to maximize both comfort and privacy. Every residence at Slate features stunning views with spacious open-floor plans, sweeping 10-foot ceilings and expansive terraces with floor-to-ceiling glass windows and doors for seamless indoor and outdoor living. Well-appointed, modern design elements are incorporated throughout the interiors with sleek finishes, top-of-the-line Samsung energy efficient appliances, quartz stone waterfall edge kitchen islands, luxurious bathrooms with floating vanities, glass-enclosed showers and soaking tubs in some units. A limited selection of penthouse units boast 14-foot ceilings and breathtaking views of the Atlantic Ocean and Intracoastal Waterway.

“Slate’s opening represents another milestone for Hallandale Beach and for South Florida as the state continues to allure residents with its fantastic beaches, world-class dining and entertainment and unparalleled residential offerings,” said Ari Pearl, founder and CEO of PPG Development. “Hallandale Beach has always been a desirable location full of possibilities, but never had a development of this caliber offering expansive, resort-inspired amenities and stylish modern residences combined with the convenience and flexibility of living in a rental community. This state-of-the-art development sets the bar even higher, offering thoughtfully designed homes with exceptional finishes and a wealth of outstanding amenities rarely found outside of condominiums.”

Beyond the residences, Slate’s collection of curated amenities and professional staff provide an array of distinctive lifestyle enhancements and experiences for children and adults, spanning from wellness to relaxation to business. A state-of-the art fitness center offers a cardio room with top-of-the-line equipment including Hydrow rowers and Echelon cycling bikes, a strength conditioning room with resistance machines and free weights, and a training room for individual workouts with high-end equipment including a Pilates reformer and chair, Echelon Reflect smart fitness mirror, Nexersys boxing trainer, boxing bag, TRX suspension system and more. An expansive outdoor pool with cabanas, a spa soaking hot tub, concessions wait staff and outdoor tennis courts provide the ultimate outdoor oasis for fun in the sun. Residents can unwind and recharge in the spa lounge, which has a sauna, steam room and private massage treatment rooms.

Rounding out the offerings are a game lounge and kid’s playroom, golf simulation room, business center and conference room, movie theater, event space, wine cellar with personal lockers available for reservation, as well as a dedicated pet area and grooming station, a dog park, an electric car-charging station, and a bicycle station. On-site valet, a concierge and a 24-hour doorman provide residents and their guests with exceptional security and service. The development will also overlook a brand new 18-hole golf course designed by Greg Norman along with an exclusive country club.

“Every single inch of each common area and residence at Slate is impeccably designed with beautiful condo finishes that appeal to the most discerning taste,” said Randy Weisburd, COO of Atlantic Pacific Companies, who’s handling the leasing and management of the property. “Breathtaking views, spacious open-floor plans, outdoor terraces, expansive ceilings, sleek finishes, top-of-the-line Samsung appliances and generous closet space are just a few of the standout elements that make Slate unlike any other community in South Florida. We could not be happier with this exceptional development and we look forward to welcoming residents into their new homes and new community at Slate Hallandale Beach.”

Redevelopment Of Hollywood's Bread Building Site Secures $83 million Construction Loan

In partnership with Bridge Investment Group, Fort Lauderdale-based BTI Partners has secured an $83 million construction loan for a development in downtown Hollywood. The site was home to the long-neglected Hollywood Bread Building on Young Circle. The building was demolished last year. Canadian Imperial Bank of Commerce is the lender. Cushman & Wakefield Equity, Debt & Structured Finance team brokered the transaction, which closed on Friday, Aug. 19th.

BTI Partners and equity partner Bridge will build 362 market-rate apartments and about 16,000 square feet of retail space on Young Circle. Located at 1727-1745 Van Buren St.,1700-1716 Harrison St., and 1740-1760 S. Young Circle, the redevelopment of the site is an important step in the revitalization of the west end of Downtown Hollywood anchored by the 10-acre ArtsPark at Young Circle.

“The new Hollywood Bread Building development will continue to inject new life into Downtown Hollywood and is an important milestone to the future redevelopment of a new and revitalized Young Circle,” said Noah Breakstone, CEO of BTI Partners. “Overlooking ArtsPark, easy access to amazing beaches, and close proximity to South Florida’s largest employment hubs, the new mixed-use development will be a tremendous asset for the city and residents looking to live, work and play in Hollywood’s east urban core.”

BTI Partners, a leading developer of master-planned communities and residential properties across Florida, and Bridge Investment Group, a real estate investment manager headquartered in Salt Lake City, Utah, with over $42 billion in assets under management throughout the country, acquired the site for $11 million in June 2021.

“Bridge is excited to bring a development of this quality to Young Circle for Hollywood residents to enjoy,” said David Coelho, Chief Investment Officer of Bridge Development and Opportunity Zones. “We are grateful for all of the support we received from residents, community leaders, and elected officials. We look forward to continuing construction and turning our vision into reality.”

This project is part of BTI Partners’ and Bridge’s larger effort to continue to revitalize Downtown Hollywood. BTI Partners is also in the planning and approval stages of a second project to replace a rundown strip mall a few steps away from the Bread Building with twin modern towers on the east side of Young Circle. The second project will include residential living, shops, restaurants, office space and a skywalk connecting the two towers. Both projects together will represent a direct investment of over $500 million in Hollywood's Young Circle neighborhood.

Cushman & Wakefield Equity, Debt & Structured Finance team, including Steve Kohn, Chris Lentz and Chris Moyer, played a key role in identifying CIBC as the ideal capital source.

“We are pleased to have been involved in the financing of this game-changing development, which will help meet the demand for more housing opportunities in Hollywood as its strategic location continues to attract residents and businesses to the city,” said Kohn, whose team advised BTI Partners on arranging the joint venture with Bridge as well as on securing the construction loan.

Attorneys Luis Flores, Michael Denberg and Sophia Rub of Saul Ewing Arnstein & Lehr represented the developer in closing the transaction.

"We are proud to be part of a development team that is focused on bringing new life to downtown Hollywood, which has so much to offer," said Denberg, Managing Partner of Saul Ewing’s Fort Lauderdale office. "The new Hollywood Bread Building will bring pedestrian activity to the ArtsPark and to the many businesses on Young Circle eager to grow and thrive. This is the perfect urban location to create a highly-desired live, work, play and enjoy environment."

Cipriani Residences Miami Reveals First Look At Interiors By 1508 London

Cipriani Residences Miami, the luxury hospitality brand’s first ground-up residences in the United States, and developer Mast Capital have revealed a first look at the luxury condominium towers interiors designed by the internationally renowned firm 1508 London. 1508 London worked in collaboration with the Cipriani family to design the tower’s interiors to capture the spirit of the Cipriani brand, recognized for its distinguished style, world-class service and four generations of history and tradition. Cipriani Residences Miami’s interiors will feature a design language consistent with Cipriani’s understated elegance reminiscent of yacht design, while reinventing luxury in the Brickell neighborhood which is known for its high-rise buildings and walkability.

Cipriani Residences Miami is also 1508 London’s first project in Florida, following the opening of the firm’s debut North American hub in Miami. The tower elevates the studio’s existing high-profile portfolio, which includes its work with a roster of luxury brands, such as the Four Seasons, its transformation of Winston Churchill’s former London offices into OWO Residences by Raffles and its design of the world’s largest private yacht.

"The interior design of Cipriani Residences Miami demonstrates a fundamental richness that recalls the timeless elegance of four generations of the Cipriani family. 1508 London has envisioned an offering that captures both the inherent spirit of Cipriani and the sophisticated lifestyle of Miami,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “Owners will be delighted with distinctive aesthetic details such as the delicate edge trim on the bespoke Italian leather furniture, the scent and placement of fresh flowers, the gentle diffused light from Venetian chandeliers, and the magnificent spaces clad in artisan walnut.”

The interiors for Cipriani Residences Miami are an authentic interpretation of the brand. With subtle nods in the choice of furnishings, materials, finishes and color palette, the design is an amalgamation of features directly inspired by Cipriani’s most beloved properties.

“We like interiors that are sophisticated, timeless and functional, with attention to quality of materials and details,” says Giuseppe Cipriani, CEO of Cipriani. “Collaborating for the first time with this design team has been an exciting process.”

The design intent for Cipriani Residences Miami is best expressed by the double-height lobby, which complements the bright and airy architecture by Arquitectonica. The team envisioned a modern take on Venetian design for the space, with timber accents, Italian terrazzo flooring and a color palette that draws from the brand’s restaurants, including their signature blue tones and rich hues like walnut and camel. Designed with a sense of grandeur and moments of intimacy, the lobby is intended to seamlessly transition from day to night, with lounges and bookcases to create warmth and greenery to establish a connection to the outdoors. All the upholstery and light pendants will originate from Italy, such as an authentic Murano glass chandelier that will hang in the main entryway.

“In working with this iconic brand, we had the unique task of creating a new lifestyle using decades of exquisite source material, so we were quickly overcome with inspiration,” said Leo Bertacchini, Design Director at 1508 London. “We carefully wove together a design that would be both derivative of the brand’s flagship properties and unique to this building. It was important to us that residents feel immersed in the Cipriani lifestyle and also have a sense of place in the heart of Miami’s Financial District.”

The design of the 397 residences at Cipriani Residences Miami honor the curved, glass architecture of the tower. Exuding the timeless sophistication of the brand’s classic aesthetic, they offer generous floor plans, 10-foot ceilings, floor-to-ceiling glass windows, expansive terraces accessible from the living room and primary bedroom and panoramic views of Biscayne Bay, the Brickell skyline, and Coconut Grove. The open eat-in chef kitchens feature custom Italian cabinetry modeled after Cipriani’s renowned style, as well as top-of-the-line integrated Wolf Sub-Zero appliances and Art Deco-inspired light pendants. Primary bathrooms include a grand, stand-alone bathtub, glass-enclosed shower and separate water closet, with a vanity comprising premium Italian cabinetry, Dornbracht fixtures and a back-lit mirror.

The one- to four-bedroom residences at Cipriani Residences Miami range from 1,213 square feet to 3,495 square feet, with prices starting from $1.4 million. Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales.

Renderings via The Boundary

For more information about Cipriani Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

Over $5 Million In Crypto Sales At Diesel Wynwood After Partnering With FTX US As Project Reaches 40% Sold

Despite fluctuations, cryptocurrency is leaving its mark on the real estate industry. Diesel Wynwood Condominium has seen an influx of interest from crypto buyers since partnering with FTX US in May. To date, the team has done more than $5 million in crypto transactions.

Diesel Wynwood, the first Diesel-branded luxury residential development in the world, partnered with FTX, a leading U.S.-regulated cryptocurrency platform, to serve as a provider for handling digital currency conversions for the project's residential sales deposits and transactions. This marked FTX US’ first collaboration with a fashion-branded condominium and another milestone for Diesel, which is pioneering luxury residential living in Wynwood.

Since launching sales in November 2021, Diesel Wynwood has seen growing interest from cryptonaires, tech titans, artists, and locals alike. Nearly half of the boutique building’s 159 units have gone into contract and the building is now over 40% sold. Residences are priced from $500,000 to $6 million. ONE Sotheby's International is handling sales and marketing for the building and Steve Potres is the agent responsible overseeing crypto sales.

Located in the trendy Wynwood Arts District, Diesel Wynwood is developed by Bel Invest, an international real estate investment and development firm, and designed by Zyscovich Architects, a Miami-based design, architecture, and urban planning firm. The residence rises eight stories and comprises 159 residences ranging from micro-studios to three bedrooms. Elevated amenities include a rooftop pool deck and lounge, state-of-the-art fitness center, wine cellar, European spa, and more.

Groundbreaking is expected in Q4 2022.

For more information about Diesel Wynwood, private showings or purchasing/ leasing information please fill out the form below:

The Estate Companies Obtains Site Plan Approval For Soleste on the Bay Luxury Waterfront Rental Development

The Estate Companies (EIG) has obtained unanimous site plan approval for Soleste on the Bay, a 759,439 square-foot, 28-story luxury waterfront rental community with 363 units, 17,000 square feet of commercial space and 645 parking spaces at 16375 Biscayne Blvd. in North Miami Beach. The city commission voted unanimously in favor of the project on Aug. 16th. Groundbreaking is slated for Q4 2022. The Estate Companies was represented by Land Use Counsel, Ethan Wasserman, of Greenberg Traurig, LLP.

This is The Estate Companies’ second major investment in North Miami Beach. Located directly next door to Soleste on the Bay, construction is underway on Soleste NoMi Beach, a 23-story rental community with 367 units and 2,708 square feet of ground floor commercial space. The project broke ground in October 2021.

Tenants can select from a variety of studios, one-, two- and three-bedroom units ranging in size from approximately 550-1,250 square feet.

Like all projects within the Soleste Living brand portfolio, Soleste on the Bay will be a highly amenitized development with a vast collection of health and wellness offerings and social components, including a 10th floor amenity deck with two resort-style pools, spacious sundeck, game room, yoga room, spinning room, lounge, state-of-the-art fitness center and cinema.

The 2.15-acre waterfront property is located on the south side of the Royal Glades Canal with water views to the north and east. The site offers easy access to the 163rd Street Causeway, which connects to US-1 and A1A and all major arteries. The project is also in close proximity to Greynolds Park and within minutes to the beach and two of Florida’s premier shopping destinations, the Aventura Mall and legendary Bal Harbour Shops.

The Estate Companies is one of Florida’s largest and most active multifamily development firms with more than 4,000 rental units and 153,000 square feet of commercial space in the pipeline throughout the tri-county region. The firm recently completed and sold Miami’s first large-scale, ground-up opportunity zone development, Soleste Grand Central in Downtown Miami. Development is also nearing completion on Alture Westland, a hotel conversion in Hialeah, and Soleste Spring Gardens in Miami’s historic health district. The Estate Companies recently completed and sold Miami’s first large-scale opportunity zone development, Soleste Grand Central in Downtown Miami. In addition to two projects in North Miami Beach, the firm has projects in various stages of development in Dania Beach, Spring Gardens, Hollywood, Riviera Beach, Lauderhill, Pompano Beach and West Palm Beach, among others.

Former Plaza Construction CEO Brad Meltzer Joins Two Roads Development As Partner And President

South Florida-based real estate development firm Two Roads Development announced Brad Meltzer has joined the firm as Partner and President, further strengthening its growth trajectory. In this role, Meltzer will oversee real estate development activities, as well as identify new market opportunities.

Meltzer comes to Two Roads Development with an educational background in architecture and more than 30 years of construction experience. Prior to joining Two Roads Development, Meltzer was most recently the Chairman and CEO of Plaza Construction, a leading a top national construction firm where he oversaw award-winning projects across various asset classes from inception to completion including Miami’s iconic One Thousand Museum by Zaha Hadid Architects.

"We are thrilled to expand our leadership team and welcome Brad, who played an integral role in helping us deliver Biscayne Beach," said Reid Boren, Managing Partner of Two Roads Development. "His robust network and industry background will help further our momentum in current and future projects. He will work with our team to keep our projects focused on attention to design and detail throughout each phase of the building process."

His portfolio of work encompasses a wide range of project types, including condominium, multifamily, hospitality, office, and retail. Meltzer specialized in delivering high end projects such as One Thousand Museum by Zaha Hadid, the four tower Paraiso District by Arquitectonica and the Ritz Carlton Residences Miami Beach by Piero Lissoni. In South Florida, Meltzer has overseen more than a dozen projects that exceed 40 stories including multiple projects that exceeded 700 feet in height.

“I am honored to have this opportunity to join the team at Two Roads Development,” said Brad Meltzer. “I look forward to mentoring and leading a team of professionals while promoting a culture of transparency, trust, and accountability. Our ultimate goal is to create projects that we can all be proud of.”

Highly engaged in industry and community organizations, Meltzer sits on various local and national boards, including Voices for Children Board of Directors, Gulliver Prep Board of Trustees, Chair of the University of Miami School of Construction Management Industry Advisory Board, University of Miami MRED+U Advisory Board and Tulane School of Architecture Advisory Board.

He holds a Master of Architecture from Tulane University School of Architecture.

MG Developer Celebrates Grand Opening Of Gables Village Showroom in Coral Gables

MG Developer has officially opened the showroom for their newest and most exclusive project, “Gables Village,” a 48-residence collection inspired by the province of Seville, Spain. The intimate ribbon cutting ceremony was attended by Mayor Vince Lago, and several City commissioners, LESTE, VYV, Linkvest Capital, ONE Capital, investors for the development, as well as ONE Sotheby’s, the exclusive broker, for Gables Village. The new sales center is located at 2990 Ponce de Leon Boulevard in Coral Gables.

MG Developer created a sophisticated Seville-themed ambiance for the event and featured Spanish traditions including a cigar-maker, and entertainment while serving Cava and fine Spanish wines, decadent delicacies, and desserts, for all the notable guests to enjoy the official opening celebrations of the new Gables Village gallery, which is located on Ponce de Leon Boulevard. MG also featured an impressive documentary-style film showcasing their trajectory as developers in the City Beautiful with never-before-seen aerial shots of Coral Gables.

The event, culminated with remarks made by Coral Gables’ Mayor Vince Lago; Alirio Torrealba, CEO of MG Developer; Gables Village architect, Maria de la Guardia of De La Guardia Victoria Architects & Urbanists; and Daniel de la Vega, President of One Sotheby’s International. Mark Trowbridge, President of the Coral Gables Chamber of Commerce was the Emcee for the event.

“We are thrilled to be here with all of you today in this stunning new gallery, getting a glimpse of our future. We are very proud to be a part of bringing Gables Village to life in our City,” said, City of Coral Gables, Mayor Vince Lago. “We have never seen a project of this magnitude, receive such praise since it was first introduced to the City. MG Developer understands the importance of building residences that fall in line with our City’s rich history, tradition and aesthetic values, which our City is known for. We are all eager to see this vibrant community come to fruition.”

The $50 million development will be completed by 2024 and will pay homage to George Merrick’s legacy, and original vision, for this parcel of the City Beautiful in a classic, yet modern way.

“We are so excited about opening our first showroom as we get closer to breaking ground on Gables Village,” said Alirio Torrealba, CEO, MG Developer. “I want to give a special thanks to our partners that entrusted in us. These partnerships solidify our vision for building luxurious residences in one of the most sought cities in the world. We are excited about Gables Village, the City’s future and growing our partnerships,”

“This gallery provides buyers with a preview and chance to see, touch and feel all of the modern touchpoints and luxurious finishes they can soon find in their home. It will truly inspire people to want to be in Coral Gables and be part of this new luxurious enclave.”

The project itself is located at 535 Santander Avenue and will include townhomes, duplexes, lofts, flats and an archway with raised residences above ground level, creating a distinct welcoming feeling into the Gables Village enclave. It will be set throughout 17 lots, replacing the existing rental apartments bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street.

Inspired by Merrick’s seven villages, Gables Village will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and bordered by gardens inspired by the alcoves in the Plaza de España. Units will vary in style and sizes including, one-bedroom flats to four- bedroom townhomes that range size, from 1,750 sq. ft. to 3,100 sq. ft. The village will also boast recreational amenities, including a multipurpose room, a pool, and a Wellness Center for residents to enjoy. Construction for the project starts in the Fall of 2022 and will be completed in 2024.

“We take a lot of pride in building in the City Beautiful and the communities we build are for the people that enjoy the sophisticated lifestyle Coral Gables has to offer. We develop luxury residences that inspire, and this new gallery does just that. As soon as you walk in, you feel in awe and right at home at the same time,” added Torrealba.

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