Luxury Living Reaches New Heights: Alhambra Parc Launches Premium Residences in Coral Gables
A New Chapter in Coral Gables Luxury Living
In a significant move that further enhances Coral Gables' luxury real estate landscape, MG Developer and Vertical Developments have unveiled their latest prestigious project, Alhambra Parc. Located at the prime address of 33 Alhambra Circle, this sophisticated development represents a thoughtful blend of residential luxury and mixed-use functionality, setting new standards for urban living in one of Miami's most coveted neighborhoods.
Architectural Excellence and Strategic Partnership
The collaboration between industry leaders marks a milestone in Coral Gables' development scene. With MG Developer's Alirio Torrealba at the helm, backed by a substantial $14.5 million preconstruction loan, the project demonstrates strong financial foundations. The partnership with One Sotheby's International Realty for marketing and sales brings world-class expertise to this exceptional development.
Distinctive Design and Premium Offerings
Crafted by the renowned Coral Gables-based Bellin & Pratt Architects, Alhambra Parc presents an architectural masterpiece that harmoniously integrates with the city's sophisticated aesthetic. The development offers:
- 78 meticulously designed residences
- Flexible floor plans ranging from 860 to 2,800 square feet
- One-, two-, and three-bedroom configurations
- Starting prices from $1.1 million
- 13,000 square feet of premium office space
- 18,000 square feet of carefully curated retail space
World-Class Amenities
Alhambra Parc elevates the concept of luxury living with an impressive array of amenities designed for modern lifestyles:
- Two expansive rooftop decks offering panoramic views
- Resort-style pool and spa facilities
- Thoughtfully designed children's playroom
- Contemporary coworking spaces
- Exclusive resident's lounge
- State-of-the-art fitness center
Strategic Development and Market Impact
The development represents a significant investment in Coral Gables' future, with MG Developer acquiring the 1.1-acre site for $19.2 million in 2022. This project joins an impressive portfolio of developments in the area, including MG's boutique townhouse project, the George, featuring 13 exclusive residences. The developer's vision extends beyond Coral Gables, with ambitious plans for a 340-foot, 147-unit waterfront luxury tower in North Bay Village, demonstrating their commitment to South Florida's luxury real estate market.
Insights
What makes Alhambra Parc unique in the Coral Gables market?
Alhambra Parc distinguishes itself through its strategic location, mixed-use design, and comprehensive amenity package. The development's combination of residential, office, and retail spaces creates a dynamic living environment that caters to modern urban lifestyles.
How does this development compare to other luxury projects in the area?
While developments like Ponce Park (58 units) and Cassia (174 units) offer alternatives, Alhambra Parc's 78 units provide an intimate living experience with the advantages of a full-service luxury building. Its size strikes an ideal balance between exclusivity and community.
What investment potential does Alhambra Parc offer?
Given its prime location in Coral Gables, high-end amenities, and the strong track record of MG Developer, Alhambra Parc represents a compelling investment opportunity in one of Miami's most stable and prestigious real estate markets.
Why choose Coral Gables for luxury development?
Coral Gables continues to attract premium developments due to its strong property values, excellent schools, sophisticated dining and shopping options, and proximity to Miami's business districts, making it an ideal location for luxury residential projects.
