Luxury

City Commission Approves Ponce Park Residences At 3000 Ponce De Leon Boulevard In Coral Gables

The Allen Morris Company, led by Allen and Spencer Morris, has received commission approval for their luxury condominium project, Ponce Park Residences, slated for development in Coral Gables. Located at 3000 Ponce de Leon Boulevard, at the intersection with University Drive, this development is poised to become a significant architectural addition to the city. The project, designed by John Cunningham, Managing Principal of Zyscovich’s Orlando office in Winter Park, Florida, and known for his work on the Alhambra Towers, features Mediterranean architectural influences and integrates an active pedestrian arcade leading to a new city park. On May 21, the city commission unanimously voted 5-0 in favor of the project.

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Developers Close On $141.5 Million In Financing For NoMad Residences Wynwood

Related Group and Tricap have secured $141.5 million in financing for NoMad Residences Wynwood. The project, underway in Miami’s Wynwood Arts District, received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. The nine-story condominium tower commenced construction in October 2023 following its September groundbreaking. Located at 2700 Northwest 2nd Avenue near the Wynwood Walls, the building is designed by Arquitectonica, with interiors by DesignAgency.

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