In the first quarter of 2022, the Coral Gables residential real estate market has experienced inventory at an all-time low. MG Developer, Coral Gables’ most active real estate developer, can attest to the current demands. Its recently completed Althea Row, located in the historical Biltmore area of Coral Gables, sold 80% of its homes in less than 60 days of completion.

New buyers in South Florida are looking for newly built, high-quality residences. Proximity to restaurants, nightlife, and shopping largely influence buying decisions as well as ‘walkability’. For those who seek a low-density, semi-urban lifestyle, Coral Gables is the perfect fit.

Downtown Coral Gables has expanded in the last two years to keep up with the increasing demand. Retailers are opening more boutiques and shops along Miracle Mile, as well as new restaurants for more dining options. The city government is focused on attracting new, higher-end residential developments to provide more housing options.

As the pandemic is coming to an end, the near-term and long-term outlook for Coral Gables is seemingly brighter now than ever in the city’s 100-year history.

“The pandemic accelerated the demand for homes in South Florida. This was a trend that was building up for over a decade and now that big tech and finance companies are moving here, they are bringing people with higher-paying jobs that are driving the demand for high-end luxury homes, particularly in Coral Gables” said Ron Shuffield, President and CEO of Berkshire Hathaway HomeServices EWM Realty. “Our supply is at a historic low level of two months when we need to have six to nine months of healthy supply. Since the supply is decreasing, and the demand is increasing, we are seeing a significant appreciation of home prices”

MG Developer will soon be delivering 10 more luxurious residences called Biltmore Row. At approximately 6000 square feet, the three-story townhomes will have four to five bedrooms. They are one of a kind beautiful Spanish revival-inspired, contemporary-styled residences in the heart of Coral Gables.

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

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Althea Row interior

Opening soon in the city’s brand-new Biltmore Square community off Anderson Road and Valencia Avenue, Althea Row evokes a new standard of luxury residential living in the City Beautiful that is unmatched in its architectural designs and interior finishes. Offering an exclusive set of five residences that are close enough to Downtown Coral Gables’ renowned amenities yet tucked away near the Granada Golf Course and the city’s tree canopies, Althea Row – named after the mother of Coral Gables founder George Merrick – is a product of the original design and vision for the City Beautiful that honors its past while shaping its future.

Althea Row is more than just a beautiful living space that includes three floors with a private elevator and 4 car garage. Each 4-bed and 4.5-bath residence makes it unique and functional with an array of high-end finishes. A practical layout starting with a beautiful front garden, a coralina porch, balconies and an expansive terrace flow from an elegant kitchen in the heart of your home. Transitioning to the outdoors from its luxurious dining area, the majestic loggia set along the home’s terrace allows you to enjoy Coral Gables’ tropical weather, placing you in a relaxing and secluded retreat.

Built with sophisticated stone coral architecture, brown clay barrel roof tile, a cast aluminum balustrade in a dark walnut finish and exterior copper lanterns that greet residents with the warmest of welcomes, Althea Row’s elements derive from the distinct Spanish colonial architecture designed by the award-winning Maria de la Guardia. Drawing upon traditional and streamlined classical, regional and contemporary influences to reflect authentic details and proportions, each residence brings a sophisticated sense of place for the 21^st century.

Coral Gables, FL

Taking it beyond anything else offered in Coral Gables, Althea Row is only a few minutes away from the celebrated Gables Waterway, originally navigated by George Merrick. This, and other recreational amenities abound near Althea Row, such as the elegant Biltmore Hotel and its 23,000-square-foot swimming pool along with its 18-hole championship golf course designed by Donald Ross. Also, just a short distance is the historic Venetian Pool, designed with a Mediterranean Revival style and serving as the largest freshwater pool in the United States.

Whether out on the town or at home, Althea Row’s dynamic location and thoughtful design easily complement the city’s appeal and a lifestyle that modern urban dwellers look for in a home. With so much to offer, Althea Row truly raises the standard in classic Gables living.

Once you take a look, you’ll agree… the renderings are worth 1,000 words, but the real thing says everything. To book your tour of Althea Row’s new model residence, call 305.422.1189 or visit MG Developer’s sales office at 718 Valencia Avenue, Coral Gables, FL 33134. Follow on Instagram at @BiltmoreSquare and @MGDeveloper, Facebook @MGDeveloperCoralGables, and Twitter @MG_Developer.

Photos courtesy of MG Developer

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As a sponsor of Illuminate Coral Gables, MG Developer is honored to help elevate the city’s culture and history while setting it apart from any other place else in South Florida.

Photo Credit: MG Developer

Illuminate Coral Gables (ICG), one of South Florida’s most transformative public art initiatives with gleaming art, is that bit of magic. Operating under the Coral Gables Community Foundation and supported by MG Developer, ICG takes the intentional use of light and technology to transform public art by day into inspiring works at night. Curated by Lance Fung with Catherine Cathers, Jennifer Easton and Rosie Gordon-Wallace, ICG is created for specific outdoor locations throughout Coral Gables, adding an element of intrigue and sophistication that residents can enjoy during an evening stroll or meeting with friends and family for a night out.

“Coral Gables has always had something different that makes it one of the most dynamic and interesting places to live, work and play,” says MG Developer CEO Alirio Torrealba. “We’re here to build beautiful residences that complement the city’s design, but we’re also here to create world-class communities and support local businesses that make this The City Beautiful. The people are what make this community, and it’s our pleasure and honor to be a part of this initiative that elevates the city’s culture and history while setting it apart from any other place else in South Florida.”

Photo Credit: MG Developer

On display from February 12 to March 14, ICG brings eight fantastic projects including video projections, sculpture and art installations by a stellar group of 15 local, national and international artists including Kiki Smith and Cai Guo-Qiang.

Smith’s project, Blue Night, brings 42 suspended mirrored renderings of animal constellations from both the Northern and Southern Hemispheres over Giralda Plaza, a pedestrian-centric shopping corridor with unforgettable restaurants and music performances. Reflecting light through transparent blue backgrounds and holographic vinyl that denotes the stars comprising each constellation, the piece has an Augmented Reality (AR) component that enables viewers to see ghosted constellation images and asterism on their devices throughout the day and night, offering a unique conversation piece before or after dining at Giralda’s fine restaurants.

Cai Guo-Qiang’s Fireflies, making its debut in South Florida, is an interactive and mesmerizing public artwork with lighted pedicabs that roam through the city’s downtown, adding color and joy with handmade Chinese silk lanterns. Based out of Giralda Plaza and Miracle Mile, guests can enjoy riding through a mobile work of art and seeing Coral Gables from a new perspective, taking in its classic architecture, modern boutiques, and effortless lifestyle.

With an extensive variety of functional art in and around the city’s business district, Coral Gables is having a shining moment in culture and community, inviting everyone to visit and make their home in what continues to be the City Beautiful.

Photo Credit: MG Developer

MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. MG Developer has reignited George Merrick’s vision of Building Beautiful as a member of the Coral Gables community and is committed to the beautification of the City and supports its Art in Public Places program.

In December of 2018, MG Developer dedicated an original stone bench, “A Midsummer Night’s Dream” to the City of Coral Gables at the inaugural dedication to the City’s Art in Public Places, Public Art in Private Development program, furthering MG’s mission of enhancing arts and culture in the community. Soon, it will add another piece of public art in the City’s Balboa Plaza. With a resurgence of art and culture, Coral Gables is showing its neighboring cities and global guests that it can also offer a trove of creativity that produces an array of works found nowhere else in South Florida. For additional information, visit www.mgdevelopermiami.com.

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In 2015 a new developer to Coral Gables broke ground on his first luxury project, Biltmore Parc. In 2017, it announced that one of the first of a number of their Coral Gables-based developments, the townhouse community on Valencia Avenue was 100 percent sold out. In December of 2020, MG Developer, a company founded by Alirio Torrealba, began building its 8th property in the city and despite the pandemic, MG’s mission for the City Beautiful never wavered. In fact, MG Developer remained focused on building beautiful homes that provide authentic sophisticated luxury living without compromising any detail. Since the company’s first project, they have been creating a number of new developments that not only complement the city’s character, but that truly elevate its standard of living in a variety of ways.

Biltmore Row’s distinct façade

Photo Credit: MG Developer

During these changing times, the company has been diligently working at finalizing its master-planned community -- Biltmore Square, a modern addition to the classic charm of Coral Gables, which will be completed in 2022. “Our new townhome residences in Coral Gables’ Biltmore Square enclave are the perfect place for newcomers to settle in and enjoy warm weather, ample indoor and outdoor space, all while being in proximity to the city’s core of luxury lifestyle amenities,” says Alirio Torrealba, CEO and Founder of MG Developer. From golf to shopping and dining, residents of Biltmore Square get to enjoy all the privileges of sophisticated living.

Ron Shuffield, President and CEO of Berkshire Hathaway Home Services (BHHS) EWM Realty, the highly-respected realty company now leading sales and marketing for MG’s Althea Row and Biltmore Row, said, “MG Developer has done remarkable things and is an integral part of the Coral Gables community. We look forward to watching the company’s vision for the city evolve.” The realty company that has been seeing a great deal of interest from Northerners, believes MG’s developments are a match for those looking for an ideal location, luxury living, privacy as well as access to shopping, dining and cultural attractions.

MG Developer has reignited George Merrick’s vision of Building Beautiful with the dedication of “A Midsummer Night’s Dream” to the City of Coral Gables. This original stone bench is the inaugural dedication to the City’s Art in Public Places, Public Art in Private Development program, furthering MG’s mission of enhancing arts & culture in the community. Balboa Plaza, where the bench is located, is situated across from the Biltmore Square community. In the background is MG’s award-winning Beatrice Row development.

Photo Credit: MG Developer

MG’s stunning residences at Biltmore Square include: the 32-unit Biltmore Parc, the award-winning nine-unit Beatrice Row, the five-unit Althea Row (coming this year) and the 10-unit Biltmore Row (coming 2022), are all within walking distance of Downtown Coral Gables yet secluded enough to enjoy the area’s lush landscapes and quaint neighborhood. Offering a modern, yet classic flair to the city’s international architecture, Biltmore Square’s Georgian-style blocks mark the community’s latest addition of luxury townhomes in Coral Gables.

The latest collection of combined 15, 4-bedroom/4.5 bath elevatored residences – ten at Biltmore Row, and five at the adjacent Althea Row, are ideally located on the tree-lined Anderson Road in Coral Gables. The grand, oversized townhomes range from 4,500 square feet to 5,500 square feet, and are priced starting from $3.4 million. These residences present a unique opportunity to enjoy living in walking distance to the Giralda Plaza, Miracle Mile, Riviera Country Club, and The Biltmore Hotel.

All of MG’s contemporary enclaves offer their own unique charm and distinct design elements. In Coral Gables, MG developed Valencia Townhomes, The Ponce, Villa Blanc, and the first phase of Biltmore Square, which includes Biltmore Parc and the award-winning Beatrice Row residences. MG is now building Biltmore Row and about to finalize construction on Althea Row.

Biltmore Row’s kitchens seamlessly transition outdoors

Photo Credit: MG Developer

Currently, MG Developer is the most active developer in Coral Gables. Most recently, Colliers International announced that a finance team led by Jeffrey Donnelly and Dmitry Levkov structured more than $16 million in equity financing for the combined 15 residences of Biltmore Row and Althea Row.

MG Developer’s role in supporting the Coral Gables lifestyle through distinct residences and unique art has brought an added layer of originality to the city’s charm and appeal for all residents to enjoy. It’s all part of the vision to building beautiful. “Our vision was and still is to establish enclaves within this historic city and create the next chapter for residents to take part in” concludes Torrealba.

For more information, visit: www.mgdevelopermiami.com or 718 Valencia Avenue, Coral Gables, FL 33134, 305.460.6719 #BuildingCityBeautiful

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