Coral Gables

Torose Equities Acquires Coral Gables Class A Office Building In Partnership With Lndmrk Development And Terranova

8:00 am on August 26, 2023 By Oscar Nunez

A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development, and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets. 255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby, and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.

Construction Tops Off On University Of Miami’s Centennial Village In Coral Gables

8:00 am on August 13, 2023 By Oscar Nunez

Coastal Construction Group (Coastal), one of the largest privately held construction companies in the Southeast, has topped out the University of Miami’s Centennial Village, a state-of-the-art student residence that will accommodate over 2,000 students. This is the fourth construction project Coastal has topped out for the University of Miami, including the Thomas P. Murphy Design Studio Building, which won the title of 2018 Building of the Year by World Architects.

Columbus Center Unveils Completed Renovations At 1 Alhambra Place In Coral Gables

8:00 am on July 28, 2023 By Oscar Nunez

Columbus Center, a Class A office complex at 1 Alhambra Plaza in the heart of Coral Gables, has proudly unveiled its recent multi-million-dollar renovation. The modernization, which breathes new life into the first-floor lobby, sixth-floor terrace, and exterior facade of the 261,867-square-foot property, has been meticulously executed. Boasting an array of amenities, the multi-use property offers an on-site gym, the popular Bay 13 Brewery and Kitchen, Micocos Café, ample parking, round-the-clock security, on-site management, dual conference facilities, and a private rooftop terrace.

The Village at Coral Gables Slated for 2025 or 2026 Delivery at 535 Santander Avenue, Coral Gables, Florida, 33134

7:00 am on July 7, 2023 By Colt Dodd

The Village at Coral Gables is slated for a 2025 or 2026 delivery. The venture, costing close to $68 million to complete, will offer 48 units on a 2.6-acre build site.

The Calta Group Acquires Site At 915 Palermo Avenue In Coral Gables For Residential Redevelopment

7:30 am on May 5, 2023 By Oscar Nunez

The Calta Group, a real estate powerhouse led by brothers Ignazio and Gaetano Caltagirone and Igor Blatnik, recently announced the acquisition of a Coral Gables multifamily development for an impressive $12 million. The 32-unit rental property at 915 Palermo Avenue enjoys a prime location near the iconic Venetian Pool and the historic Biltmore Hotel—two of Coral Gables’ most cherished landmarks.

Hines Acquires Life Time Living-Branded 495-Unit Gables Station Residential Complex In Coral Gables

8:00 am on September 5, 2022 By Oscar Nunez

Hines Global Income Trust (HGIT), an investment arm of global real estate firm Hines, acquired Gables Station, a 14-story multi-family complex designed by Gensler and located at 225 South Dixie Highway in Coral Gables, for $430 million. The development, which completed construction last year, features 495 Life Time Living® residences. This acquisition is the second largest single-asset multifamily sale in South Florida, reaffirming HGIT’s and Hines’ bullish stance on the future of the market. Since the pandemic, Hines has committed approximately $1.8 billion across three prime developments and acquisitions in South Florida. Willowick Residential, Hines’ boutique multifamily property management firm, will assume the role as property manager for the asset.

Construction Completes On Villa Valencia At 515 Valencia Avenue In Coral Gables

8:00 am on July 10, 2022 By Oscar Nunez

Construction is complete on Villa Valencia, 13-story luxury residential high-rise building at 515 Valencia Avenue in Coral Gables, Miami-Dade County. Designed by local architect Hamed Rodriguez Architects with Miami-based L&ND as the landscape architect and developed by Miami-based Location Ventures, the approximately 154-foot-tall structure comprises a distinguished collection of just 39 luxury condominiums ranging from two to three-bedroom units. The development integrates the revolutionary Delos’ DARWIN Home Wellness Intelligence network which provides advanced air purification, water filtration, lighting solutions and enhanced sleep systems. Villa Valencia recently received its Temporary Certificate of Occupancy (TCO); closings are currently underway, and residents have begun to occupy their residences. Winmar Construction served as the general contractor.

Shoma Group Acquires 2.5-Acre Site Near Coral Gables To Develop Two 18-Story Mixed-Use Towers Designed By MSA Architects

8:00 am on May 1, 2022 By Oscar Nunez

Miami-based developer Shoma Group (Shoma) has purchased a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. The property, bound by Douglas Road to the west and Metrorail’s elevated railway to the south, will be cleared to make way for Shoma One, a two-towered 18-story mixed-use development designed by MSA Architects with 391-unit apartment community and a Shoma Bazaar food hall. The development is scheduled to break ground in January 2023 and is expected to be completed in 18-24 months with an estimated cost of $220 million to build.

Mediterranean-Themed 11-Story Mixed-Use Development Designed By MSA Architects Proposed In Coral Gables

8:00 am on April 24, 2022 By Oscar Nunez

An 11-story Mediterranean-themed mixed-use development designed by MSA Architects has been proposed for 3808 Southwest 8th Street in Coral Gables. FRC Realty Inc., an entity linked to Chicago-based real estate developer Fifield Realty Corp, submitted plans for a 227,670-square-foot building to be considered by Coral Gables’ Development Review Committee, which includes 103 residential units and amenities spread across 105,946 square feet of space, approximately 11,350 square feet of retail space, 7,241 square feet of office space and a garage integrated into the podium for up to 177 vehicles. Witkin Hults + Partners is listed as the landscape architect and Kimley Horn is the civil engineer.

ANF Group Inc. Selected As General Contractor For 15,000-Square-Foot Theatre Arts Building At University Of Miami’s Coral Gables Campus

8:00 am on April 11, 2022 By Oscar Nunez

Davie, Florida-based ANF Group, Inc., a full-service construction firm providing construction management, general contracting, development, and design-build services, has been selected as the general contractor for the construction of a new 15,000-square-foot ground up Theater Arts Building on the University of Miami’s Coral Gables Campus. Designed by Miami-based Mateu Architecture, the 2-story building will feature a theatre, concessions, wardrobe and dressing rooms, acting and dance classrooms, voice studios, a student lounge, and supporting spaces. A 1,000-square-foot IT Hub/Data Room will also be located within the space program of the new Theater Arts building. The project is currently in the pre-construction stages, and is expected to break ground in the third quarter of 2022.

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