Miami-based firm’s 4241 Aurora to bring high-end residences, retail and office space to city’s Arts and Innovation District
MIAMI, FL (Sept. 28, 2022) – Constellation Group and The Boschetti Group are poised to bring much-needed new high-end residences, retail and office space to the Merrick Park neighborhood of Coral Gables. The Miami-based firms submitted plans to the city for the mixed-use 4241 Aurora at the entrance of Merrick Park.
The proposed development is located in the city’s burgeoning Arts and Innovation District. Designed by renowned architects Bernardo Fort-Brescia and Raymond Fort of Arquitectonica, 4241 Aurora would include 70 luxury residential units, approximately 10,000 square feet of retail and 20,000 square feet of office. Arquitectonica also designed a 5,000-square-foot park for the project with beautiful landscaping, hardscape and public art.
During the planning stages, Constellation held a voluntary neighborhood meeting to present 4241 Aurora and get feedback from residents.
“Neighborhood residents expressed tremendous enthusiasm for our development,” Constellation Principal Eduardo Otaola said. “We are catering to the strong demand for larger luxury residential units at a significantly lower density than what is allowed on the site. The public park component enhances the flow and walkability of Merrick Park’s entrance and the proposed retail space on the ground floor.”
Land-use attorney Jorge Navarro, a Shareholder in the Miami office of Greenberg Traurig, is representing Constellation in the approval process.
Constellation is separately developing another Arquitectonica-designed mixed-use project in the Merrick Park neighborhood. That seven-story development will include approximately 70,000 square feet of office and retail as well as a rooftop amenity area. The proposed project replaces small office buildings that were constructed in the 1950s.
“We are following the city’s lead with its creation of the Arts and Innovation District, a former industrial area that is being transformed through effective and proper development,” Boschetti Group Principal Jose Boschetti said. “Our thoughtful, well-designed developments will help this unique district reach its vast potential.”
About Constellation Group:
Constellation Group is a commercial real estate investment firm based in Miami offering a family office approach to real estate investments. Specializing in multifamily, office and retail, Constellation seeks to execute on yield and return driven investment strategies. The firm operates with the mission to consistently generate safe and superior returns, while offering unparalleled fiduciary standards that provide a strong foundation for long-lasting generational wealth to its investors.