The event featured Miami’s top real estate agents and brokers in MG’s newest sales gallery, The Village at Coral Gables

MG Developer, the most active developer in Coral Gables, hosted a panel including some of South Florida’s top luxury realtors, alongside moderator, Chiquinquira Delgado, actress and TV host, to discuss their experiences and strategies in South Florida’s hot and rapidly changing real estate market.

The panel included, Karen Elmir, CEO of The Elmir Group, Angel Nicolas, Founder and Principal Agent of The Nicolas Group at Compass and Oscar Teran, Principal of The Oscar Teran Group.

Panelists shared their insight and experiences about how the real estate market has evolved within their agencies, in addition to some of the strategic tactics they use to overcome some of the challenges from the pandemic, hike in interest rates, the war in Ukraine, the current economy, as well as how it affected South Florida. Including the pandemic-fueled growth and need for real estate and the insatiable demand within the destination.

“This is a new Miami,” said Elmir “There are major companies coming in from New York that are looking for homes for their employees that are driving demand and absorbing new construction. In the past two years alone, neighborhoods like the Miami Design District have been transformed by people that have literally come from all over the world.”

Panelists also revealed that some of the most attractive investments in Miami today are Airbnb’s, spec homes in good locations as well as affordable multifamily buildings.

Miami continues to be a major draw for sophisticated audiences across states like New York, Chicago, and California because it does not have a state income tax, there are far lower Covid restrictions, Miami has warm weather all year round, it has a great cultural, culinary and art scene. And now, it also has a booming “tech industry”.

“People are not looking at South Florida to be in the party scene, they are coming to Miami to raise their families and they’re moving to Coral Gables, Coconut Grove, Pinecrest and South Miami,” said Nicolas.

The event was held at MG Developer’s newest showroom, for the Village at Coral Gables, a new 48 luxury residence enclave, spread amongst an expansive 17-lot area bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street. When completed in the 4^th quarter of 2024, it will comprise of townhomes, villas, lofts and flats that range in size, from 1,750 square feet to 3,100 square feet. Inspired by George Merrick’s seven villages, The Village at Coral Gables, will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists. The exclusive broker for The Village at Coral Gables is One Sotheby’s International Realty, for more information.

One of the most expansive and exclusive enclaves to be built in the City Beautiful hosts ribbon cutting event for its sales gallery with Mayor Lago, key dignitaries, and partners  

MG Developer announces the grand opening of its showroom for their newest and most exclusive project, “Gables Village,” a 48-residence collection inspired by the province of Seville, Spain. The intimate ribbon cutting ceremony was attended by Mayor Vince Lago, and several City commissioners, LESTE, VYV, Linkvest Capital, ONE Capital, investors for the development, as well as One Sotheby’s, the exclusive broker, for Gables Village.  

MG Developer created a sophisticated Seville-themed ambiance for the event and featured Spanish traditions including a cigar-maker, and entertainment while serving Cava and fine Spanish wines, decadent delicacies, and desserts, for all the notable guests to enjoy the official opening celebrations of the new Gables Village gallery, which is located on Ponce de Leon Boulevard. MG also featured an impressive documentary-style film showcasing their trajectory as developers in the City Beautiful with never-before-seen aerial shots of Coral Gables.  

The event, culminated with remarks made by Coral Gables’ Mayor Vince Lago; Alirio Torrealba, CEO of MG Developer; Gables Village architect, Maria de la Guardia of De La Guardia Victoria Architects & Urbanists; and Daniel de la Vega, President of One Sotheby’s International. Mark Trowbridge, President of the Coral Gables Chamber of Commerce was the Emcee for the event.  

“We are thrilled to be here with all of you today in this stunning new gallery, getting a glimpse of our future. We are very proud to be a part of bringing Gables Village to life in our City,” said, City of Coral Gables, Mayor Vince Lago. “We have never seen a project of this magnitude, receive such praise since it was first introduced to the City. MG Developer understands the importance of building residences that fall in line with our City’s rich history, tradition and aesthetic values, which our City is known for. We are all eager to see this vibrant community come to fruition.” 

The $50 million development will be completed by 2024 and will pay homage to George Merrick’s legacy, and original vision, for this parcel of the City Beautiful in a classic, yet modern way.  

“We are so excited about opening our first showroom as we get closer to breaking ground on Gables Village,” said Alirio Torrealba, CEO, MG Developer. “I want to give a special thanks to our partners that entrusted in us. These partnerships solidify our vision for building luxurious residences in one of the most sought cities in the world. We are excited about Gables Village, the City’s future and growing our partnerships,” 

“This gallery provides buyers with a preview and chance to see, touch and feel all of the modern touchpoints and luxurious finishes they can soon find in their home. It will truly inspire people to want to be in Coral Gables and be part of this new luxurious enclave.” 

Located at 2990 Ponce de Leon Boulevard, the new Gables Village gallery is now open Monday through Friday from 10 a.m. to 5 p.m., Saturdays, from 11:00 a.m. to 3:00 p.m. and Sundays from 12:00 to 4:00 p.m. You can also schedule an appointment by calling 786.833.6398. 

The project itself is located at 535 Santander Avenue and will include townhomes, duplexes, lofts, flats and an archway with raised residences above ground level, creating a distinct welcoming feeling into the Gables Village enclave. It will be set throughout 17 lots, replacing the existing rental apartments bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street.  

Inspired by Merrick’s seven villages, Gables Village will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and bordered by gardens inspired by the alcoves in the Plaza de España. Units will vary in style and sizes including, one-bedroom flats to four- bedroom townhomes that range size, from 1,750 sq. ft. to 3,100 sq. ft. The village will also boast recreational amenities, including a multipurpose room, a pool, and a Wellness Center for residents to enjoy. Construction for the project starts in the Fall of 2022 and will be completed in 2024. 

“We take a lot of pride in building in the City Beautiful and the communities we build are for the people that enjoy the sophisticated lifestyle Coral Gables has to offer. We develop luxury residences that inspire, and this new gallery does just that. As soon as you walk in, you feel in awe and right at home at the same time,” added Torrealba.  

MG Developer, led by Alirio Torrealba, is the City’s most active residential developer having completed its newest project, Althea Row, which nearly sold-out in less than 90 days. MG will soon wrap-up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralina-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture. 

For more information, please visit www.MGDeveloperMiami.com. 

MG Developer, Coral Gables’ most active developer of luxurious residences in the City Beautiful, announces the acquisition of a parcel of land at 33 Alhambra in Coral Gables’ Northside entrance, to build a new mixed-use apartment community named Alhambra Parc, with 33-units and retail on the ground floor. This acquisition was made in partnership with VYV, a real estate development group with headquarters in Peru, that also partnered with MG Developer to build Gables Village.

“VYV is grateful and feels very proud of the joint venture that it has built with MG and our plans are to grow in South Florida with the support of MG,” said Cesar Paniagua, Director of VYV.

Knighthead Funding, LLC, a private mortgage lender based in New York, provided the loan. Executive Directors Jeffrey Donnelly and Dmitry Levkov of Colliers International financed this project.

“We are truly proud to further our partnership with MG Developer and VYV for this second site in Coral Gables,” said Brian Sullivan, Vice President of Knighthead Funding, LLC. “We are also very proud to be growing our portfolio of properties in South Florida.”

“We are excited to be partnering with Knighthead Funding for another project in Coral Gables,” said Alirio Torrealba, CEO of MG Developer. “We are grateful to our partners for trusting in our vision for the City Beautiful, and our commitment to elevate the City with each and every project we build,”

The new development will rise close to Downtown Coral Gables’ financial district and will be in walking distance to Giralda Plaza and several restaurants, shops and entertainment venues.

The acquisition further anchors MG Developer’s presence in Coral Gables. Alhambra Parc will complement the existing Biltmore Square enclave, and Gables Village which is in its pre-sale phase and has a new sales gallery is located at 2990 Ponce de Leon Boulevard, Suite 101. When completed in 2024, Gables Village will consist of duplexes, townhouses, and condominiums and integrate gardens and courtyards throughout an entire block, with 50 percent of the site to include lush landscaping and hidden parking garages.

MG Developer actively enhances Coral Gables’ culture and rich traditions with niche properties that fit within the city’s aesthetic values and tradition.

For more information about MG Developer, visit mgdevelopermiami.com.

MG Developer, known as one of the most active developers in The City Beautiful, announces it secured an $11 million loan by Knighthead Funding, LLC for the acquisition of the 111,026 square foot parcel at 535 Santander Avenue in the heart of Coral Gables.

Knighthead Funding, LLC provided the 12-month loan, with full-term interest only.

“We are proud to be MG Developer’s lending partner to purchase this unique parcel and are looking forward to seeing how this project further elevates Coral Gables,” said Brian Sullivan, Vice President of Knighthead Funding, LLC.

Plans for the notable new development called Gables Village, the 48-unit Seville-inspired residential community, will pay homage to George Merrick’s legacy and history in the form of shaded tree-lined streets, plazas, parks and fountains. MG Developer’s CEO, Alirio Torrealba, plans to revive George Merrick’s original vision for this parcel of the city in a classic, yet modern way.

“We are truly grateful to partner with Knighthead Funding for trusting in our vision and providing the loan to acquire the property where the neighborhood of Gables Village will be built and will further enhance the beautiful city we live in, while honoring George Merrick’s legacy. We have no doubt we will make our partners, residents, and neighbors proud of this new enclave,” said Alirio Torrealba, CEO of MG Developer.

Now in its planning stages, the project is expected to be completed in 2024. The village will consist of duplexes, townhouses, and condominiums set throughout 17 lots, featuring one-bedroom flats to four-bedroom townhomes that range in size, from 1,750 sq. ft. to 3,100 sq. ft.

The acquisition furthers MG Developer’s presence in Miami, complementing the existing Biltmore Square, a luxury village development in the heart of Coral Gables.MG Developer actively enhances Coral Gables’ culture and aesthetic with niche properties that fit within the city’s aesthetic values and tradition.

For more information about MG Developer, visit mgdevelopermiami.com.

Beatrice Row, in Coral Gables, Florida was designed by De La Guardia Victoria Architects & Urbanists and developed by MG Developer 

MG Developer proudly announces that its award-winning, Georgian style project, Beatrice Row, has now won Palladio Award for most outstanding residential multi-family project. The Palladio Awards is the first and only national awards program for residential, commercial and institutional projects that demonstrate excellence in traditional design. Designed by renowned firm de la Guardia Victoria Architects & Urbanists, Inc., this sophisticated row of grand townhomes is located in the, Biltmore Square neighborhood in Coral Gables, Florida.

Beatrice Row was formerly awarded the Addison Mizner Award, The Congress of New Urbanism Award and now the Palladio Award.

The 19th annual Palladio Awards, which was held at the Biltmore Hotel in December 1-2, honored and recognized 14 firms across the country for their outstanding work and achievement in traditional design: five in the commercial, institutional, and public architecture category and nine for residential work. All winners were selected for enhancing the beauty and humane qualities of the building, through the creative interpretation and adaptation of classical and traditional design principles developed through 2,500 years of Western architectural tradition, while taking its environment into consideration.

“We take great pride in all of the developments we build. They are a true labor of love, and Beatrice Row is one of those luxury developments, that not only complements the beautiful aesthetics of the City Beautiful but it also inspires creativity in the community,” said, Alirio Torrealba, CEO of MG Developer.

“MG Developer has built truly exemplary residences in Coral Gables, and Beatrice Row elevated the standard for luxury living in Coral Gables. We are not surprised that this award-winning row of residences has garnered another impressive recognition, with the latest Palladio Award. We are truly proud of this award and international recognition Beatrice Row has brought to our City Beautiful, blending in perfectly with Coral Gables’ rich culture, history, environment and aesthetic beauty. I congratulate them,” added Vince Lago, Mayor, City of Coral Gables

Beatrice Row is a three-story residential community of luxury townhomes boasting over 5,500 square feet. With a distinct level of elegant ‘row’ living, each townhome offers four bedrooms, four bathrooms and a powder room throughout three levels. The first level offers a 4-car garage with service area, as well as a walk-in laundry room, library and full bath. The second level serves as the home’s principal social floor, leading to a magnificent entryway displaying meticulously designed staircase, gourmet kitchens with refined custom cabinetry, Carrara countertops and premium appliances that create the ideal setting for high-end contemporary living. Other details such as private elevators, smart home automation, and expansive covered terraces accentuate the comforts of an opulent lifestyle. The third level of the home features the master suite with spa and a full bathroom decorated with arches.

The grand townhomes’ main entry and doorways are found directly on the sidewalk. Upon entry, guests are welcomed into a foyer area that has a beautifully decorated curving staircase that connects every floor and leads to the Piano Nobile on the second level.  As with Renaissance-era architecture, the Piano Nobile is where the main living spaces are and include the living room, dining room, kitchen, family room as well as a garden terrace.  Expansive arched windows in the living area allow the rays of light to reflect through the staircase which illuminates every floor accessible by a private elevator. The living room balconies provide views of the lush green canopies of the mahogany trees on the street as well as the magnificent Ficus

“We are very proud to have received the Palladio Award, especially for Beatrice Row. This project was unique in scope and serves a distinct affluent market,” said, Maria de la Guardia, Chief Architect, De La Guardia Victoria Architects & Urbanists, Inc. “When the developer told us they wanted to build a special European-inspired enclave following the footsteps of George Merrick’s vision for the City, we knew right away all of the design elements required to create a luxurious multi-family development worthy of worldly recognition.”

Located at 744 Biltmore Way, the Townhouse street elevation runs the length of the block from corner to corner in the manner of the English Terrace housing, much like the renowned Royal Crescent in the City of Bath and the terrace row homes in London.  Beatrice Row features a textured brick base, carved stone details and hand-crafted bronze-finished balconies.

For more information about MG’s projects, visit http://www.mgdevelopermiami.com/. For sales of MG’s developments, contact Berkshire Hathaway Home Services – EWM Realty at (305) 460-6719.

Metro Parc will be a 10-story residential apartment rental building with 560-units

Led by Alirio Torrealba, MG Developer, known as Coral Gables most active developer, held its first groundbreaking in the City of Progress for the construction of a 10-story apartment rental building in Hialeah, named Metro Parc. This groundbreaking event also marks the company’s launch of its new multifamily residential division of rental buildings, which is in a long-term partnership with Baron property Group, a New York based development company led by Matthew Baron, that has more than a decade of experience in the multifamily housing. There are more rental communities planned in this partnership.

Metro Parc will be a 3.26-acre project that will consist of two, mixed-use tower buildings that will feature 560-units of rental apartments comprised of studios, one-bedroom/one bath, and two bedroom/ two bath ranging from 500 square feet to 1000 square feet. Amenities will include co-working spaces, an outdoor kitchen, a pool, gym, resort style landscaping and will also have retail spaces on the ground level as well as ample parking and a food marketplace to give the young population and families a new place for their new life.

“We are truly excited about moving into the Hialeah market and sharing our expertise of building luxury and high standard of living and lifestyle into a growing City,” said, Alirio Torrealba, CEO and Founder of MG Developer. Hialeah is the sixth largest city in Florida, and MG Developer has a track record of delivering high-quality residential developments that enhance neighborhoods.

“This is an exciting milestone for the City of Hialeah,” said Mayor of Hialeah Carlos Hernandez. “High-quality housing options are key to the city’s success and projects like Metro Parc among others that our administration have brough into the City provide that. Moreover, Alirio Torrealba and his team at MG developer are experienced in building authentic, quality communities, and have a deep appreciation for a city’s history, culture, while supporting local businesses. They are among the city’s long-term partners that will provide a thriving future for Hialeah.”

Located between 955 East 24th Street and 980 East 26th Street, Metro Parc will be conveniently located two blocks from the metro rail and Tri-Rail Transfer Station bringing a new type of chic urban lifestyle to the transient-oriented community. This site is also in walking distance to Hialeah Medical Services, near Amelia Earhart Park; and is only a mile from Hialeah’s up-and-coming Arts District, which will deliver a vibrant cultural and entertainment scene with galleries, breweries, restaurants, and shops.

MG Developer recently announced it will also be groundbreaking on a 50-residence enclave in Coral Gables, called Gables Village. Additionally, the developer also announced that within 90 days of completion of Althea Row, a luxurious set of five 3-story town houses, it nearly sold out. In the summer of 2022, MG Developer, will also be completing Biltmore Row, a set of 3-story, 10 residential townhomes that will complete the Biltmore Square Community in Coral Gables. MG’s prior developments include Biltmore Parc Condominiums, and a variety of luxury townhomes including, Beatrice Row, 444 Valencia, Villa Blanc, The Ponce Townhomes, and custom homes in South Miami Ave and Coconut Grove.

For more information about MG Developer, visit, www.mgdevelopermiami.com.