Florida East Coast Realty has announced that the City of Coral Gables has signed two new leases totaling nearly 10,500 square feet at 2020 Ponce, a 14-story, 130,000-square-foot Class A office condominium tower located in the heart of Coral Gables.
The City will occupy 6,870 square feet on the 12th floor, along with 3,597 square feet on the ground floor of the building. The property was originally developed by Florida East Coast Realty and is positioned within the city’s central business district.
“This lease underscores the continued demand for high-quality office space in the heart of Coral Gables,” said Austin Hollo, Chief Operating Officer of FECR. “The City’s decision to locate at 2020 Ponce reflects the project’s strong appeal to both public- and private-sector users.”
Currently, the final full-floor office opportunity remains available on the building’s eighth floor. The space totals 16,424 square feet and includes a wraparound terrace offering unobstructed views of the Miami skyline. The floor is being marketed for lease or purchase by Savills, with Donna Abood and Peyton Dowd overseeing activity.
“The last full-floor space at 2020 Ponce offers a truly unique opportunity for a business looking to establish a presence in one of South Florida’s most desirable submarkets,” said Donna Abood, Vice Chairman and Co-Head of Florida at Savills. “With its scale and layout, the space is ideally suited for a headquarters-style office.”
Designed in a modern Mediterranean style, 2020 Ponce features column-free floor plates intended to maximize layout flexibility. The property includes private and wraparound balconies and ground-floor retail space. The building is located within walking distance of Alhambra Circle, Miracle Mile, and Giralda Plaza, providing proximity to Coral Gables’ primary commercial and dining corridors.
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