Allen Morris Co. has officially broken ground on Ponce Park, a highly anticipated mixed-use development poised to become a new landmark in the heart of Coral Gables.
Located at 3000 Ponce de Leon Boulevard, the project marks a major milestone for the City Beautiful, blending contemporary design with the Mediterranean character that defines the historic neighborhood. The groundbreaking was commemorated with two celebrations at the Ponce Park Sales Gallery, welcoming city officials, real estate leaders, and community members to mark the start of construction.
Executives from Allen Morris Co. were joined by representatives from ONE Sotheby’s International Realty and city leadership to highlight the vision behind the nearly five-year project. Designed by Zyscovich Architects with interiors by internationally acclaimed firm Meyer Davis, Ponce Park will introduce 58 bespoke residences ranging from two to five bedrooms, with floor plans spanning approximately 1,900 to more than 6,500 square feet.
The 11-story development will feature private elevators, expansive terraces with summer kitchens, Italian-crafted kitchens, and ceiling heights of up to 12 feet. Residents will enjoy a comprehensive suite of amenities, including a rooftop pool and lounge, spa, fitness studio, serene meditation courtyard, and panoramic views overlooking Coral Gables.
At street level, Ponce Park will bring 25,000 square feet of curated retail, anchored by a world-class restaurant, reinforcing the walkable, lifestyle-driven nature of the neighborhood. As part of its commitment to the surrounding community, Allen Morris Co. will also collaborate with the City of Coral Gables on $11 million in improvements to Ponce Circle Park, further enhancing the public realm.
Sales for the development are being handled exclusively by ONE Sotheby’s International Realty, with residences starting at $3.1 million. Construction is now underway, with completion anticipated in early 2028.
For more information, visit www.poncepark.com.
