The $50 million development will be completed by 2024
Coral Gables’ most active developer, MG Developer is about to break ground on its newest enclave, Gables Village, a 48-unit Seville-inspired residential community that 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 Beautiful in a classic, yet modern way.
Located at 535 Santander Avenue, the $50 million village will consist of duplexes, townhouses, and condominiums 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.
Now in its planning stage, Gables Village will integrate gardens and courtyards throughout an entire block, with 50 percent of the site expected to include lush landscaping and hidden parking garages featuring an artistic component that complements the entire Coral Gables area. The assembly of the project pays homage to the city’s past while building for modern-day luxurious comforts.
“As our projects evolve and move through the planning and design phase, we remain committed to working closely with the City of Coral Gables to deliver communities that fall in line with the City’s aesthetic values, which are truly rich in historic and cultural traditions,” added Torrealba. “Furthermore, we create welcoming homes from the inside out, and places that people from the entire community can enjoy and appreciate.”
The development 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. 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 will start in 2022 and will be completed in 2024.
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.MGDeveloper.com.
About MG Developer
MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm is a subsidiary of MG Capital and provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. As a member of the Coral Gables community, MG Developer is committed to the beautification of the city and supports its Art in Public Places program, recently commissioning an original stone sculpture at Balboa Plaza called “A Midsummer Night’s Dream.” The firm is an advocate of public exhibitions throughout Coral Gables that enhance the area’s unique lifestyle and design and is also a proponent of philanthropic efforts and organizations that elevate the city’s standard of living, including the Coral Gables Community Foundation and FundaHigado.