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.