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.

The post Coral Gables Residential Real Estate In Q1 2022 Predicts A Bright Future For The City Beautiful appeared first on Haute Residence by Haute Living.

Photo Credit: Cozy Salazar Interiors

Cozy Salazar Interiors is based and accomplishes plenty of work in the historic and charming Coral Gables area of Miami. Haute Design recently inquired about the tight-rope act of elevating and innovating design in such a historic area.

Haute Design: Working in Coral Gables, how do you maintain the look/feel of a home within the Gables vibe while making it unique as well?

Cozy Salazar: The houses in Coral Gables are all special in their own way! We love working on renovations, specifically in Coral Gables, that restore the charming aspects of a home to its former glory rather than trying to make them look like new construction. Whether that be preserving an old mantle, decorative ceiling, exterior arches etc. There is so much history here and we love playing into that. If we are working on a renovation with French or Spanish architecture and influence, we try to pay homage to that in the interior and respect the intention the original owners had for the space.

Photo Credit: Cozy Salazar Interiors

We do this in several ways by adding millwork that correlates with the style of the home, sourcing specific wallpapers for that space, leaning into furniture and decor that feels relevant, or, when working on the exterior, adding natural stone, updating front doors and windows, redesigning the pool, and/or investing in great landscaping. It saddens me a little to see a charming Coral Gables home renovated either too modern or in a contradicting style to its bones. Paying respect to what is already in place during a renovation is important in maintaining the “City Beautiful’s” rich history and charm.

Photo Credit: Cozy Salazar Interiors

The post Cozy Salazar Interiors Heightens Charm in Coral Gables Area appeared first on Haute Residence by Haute Living.

April Donelson and Alirio Torrealba

Photo Credit: Romain Maurice

Haute Living presented the latest installment of its Haute Leaders Dinner Series in collaboration with MG Developer and Pedini Miami at the brand new Althea Row Residences in Coral Gables. Haute Living's exclusive network of the best of the best business leaders from multiple industries throughout the country continues to expand. The Haute Leaders Dinners consistently turn out to be magical evenings where these leaders of their respective industries can connect and network in a laid-back and pleasing atmosphere. The latest installment of the Haute Leaders Dinner, hosted in collaboration with MG Developer and Pedini Miami, was no exception.

MG Developer is based in Coral Gables and has been responsible for the development of "Biltmore Square" since its founding in 2015. MG Developer is committed to excellence and is proud to be part of the growth of "The City Beautiful". Their work with The Biltmore Square is a testament to the enhancement of the traditional beauty of the Coral Gables neighborhood.

Pedini Miami provides customers with Italian-designed furnishings of the highest standard and style. Their process gives clients the most personalized and trustworthy service in the industry while keeping them informed each step of the way. The Pedini Miami design team aims to create the ideal design solution, mixing superlative functionality and design, with top-spec materials for the ultimate living statement.

Alirio Torrealba, David Rousso, Seth Semilof

Photo Credit: Romain Maurice

MG Developer's recent Coral Gables project, Althea Row, was revealed in full display to all present at the Haute Leaders Dinner. The gorgeous multi-story residence that hosted the event served as the model home for residences in Althea Row. Guests were welcomed with glasses of wine as they appreciated the stunning setting that would serve as the evening's gorgeous backdrop.

Chef Manuel Garcia

Photo Credit: Romain Maurice

The gorgeous meal was provided courtesy of ZUCCA's Head Chef, Manuel Garcia. ZUCCA is located in the iconic Saint Michelle Hotel in Coral Gables. The Italian fine dining restaurant offers authentic regional Italian cuisine, artfully executed. As an appetizer, guests were served foie gras cylinders with quince puree, with prune and spiced brioche dust on the side. The entree for the evening was a beautiful braised wagyu beef cheek with truffle polenta. To cap off the spectacular meal, Chef Garcia provided an exquisite "dulce de leche" panna cotta with chocolate and hazelnut soil and coffee mousse.

Photo Credit: Romain Maurice

The evening resulted in a great experience where a community of industry leaders was able to connect and enjoy themselves in one of the most beautiful homes at the heart of Coral Gables.

April Donelson, Anita Tzinker, Daniel Tzinker and Seth Semilof

Photo Credit: Romain Maurice

Kirk Ivy and Elena Ivy

Photo Credit: Romain Maurice

Yvette Horsley, Andrea Gutierrez, Erik Haase, Emily Wriston, Stefano Balli

Photo Credit: Romain Maurice

Peter Ancona, Dr. Paul Durand

Photo Credit: Romain Maurice

Giovanna Ingletto and Guest

Photo Credit: Romain Maurice

MG Developer and Hinda Yassin

Photo Credit: Romain Maurice

The post Haute Living, MG Developer, And Pedini Miami Host A Magical Haute Leaders Dinner In Coral Gables appeared first on Haute Residence by Haute Living.