Work has officially begun on The George Residences, the final phase of MG Developer’s Biltmore Square community in Coral Gables. Located at 717 Valencia Avenue, the boutique project will comprise 13 ultra-luxury townhomes and marks the culmination of MG Developer’s multi-phase vision to bring new residential architecture to one of South Florida’s most established neighborhoods.
Below are several aerial photos provided by the developer to YIMBY, highlighting the groundwork and layout of the forthcoming townhomes. Cement trucks and a concrete pump are visible on-site as crews prepare to pour the foundations.

Credit: MG Developer.

Credit: MG Developer.

Credit: MG Developer.
The milestone coincides with the unveiling of new interior and exterior renderings, offering a first look at the design and scale of the townhome collection. Designed by De la Guardia Victoria Architects & Urbanists, with Maria de la Guardia serving as lead architect, the residences will blend Mediterranean-inspired architecture with contemporary finishes.

Credit: MG Developer.
Each home will span more than 5,000 square feet and feature private courtyards, loggias, summer kitchens, and four-car garages equipped with EV charging stations. Interiors will include Italian millwork, marble countertops, solid mahogany doors and windows, and high-end fixtures from Sub-Zero, Wolf, and Waterworks. Smart-home technology will integrate lighting, music, and security systems.

Credit: MG Developer.

Credit: MG Developer.

Credit: MG Developer.
In a statement, Alirio Torrealba, CEO of MG Developer, said, “Breaking ground on The George is a defining moment not just for MG Developer, but for Coral Gables as a whole. This project represents the apex of our architectural and cultural vision, an homage to George Merrick’s legacy that merges timeless design with a modern sensibility.”

Credit: MG Developer.

Credit: MG Developer.
Earlier this year, MG Developer secured a $41 million construction loan from Pine Bay Capital, supporting the project’s buildout and underscoring continued institutional confidence in Coral Gables’ luxury residential market.

Credit: MG Developer.

Credit: MG Developer.
Sales and marketing for The George are being led exclusively by Ryan Serhant and Jorge Fernandez of SERHANT. New Development. “The George is a rare offering, a boutique collection of residences that captures the spirit of Coral Gables’ tree-lined charm while delivering a cosmopolitan level of luxury,” said Serhant.
Residences at The George are priced from $6.275 million, with completion anticipated in the second quarter of 2027.
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