Alhambra Parc: A New Era of Luxury Living Comes to Coral Gables
Premium Development Unveils Sophisticated Urban Sanctuary
In a significant move that's set to reshape Coral Gables' luxury real estate landscape, MG Developer and Vertical Developments have officially launched sales for their highly anticipated Alhambra Parc development. Located at the prestigious 33 Alhambra Circle, this sophisticated 78-unit condominium project represents a harmonious blend of luxury living and urban convenience.
Distinctive Design and Versatile Living Spaces
Designed by the renowned Coral Gables-based Bellin & Pratt Architects, Alhambra Parc offers an impressive range of living options tailored to discerning buyers. The development features thoughtfully designed one-, two-, and three-bedroom residences ranging from 860 to 2,800 square feet, with prices starting at $1.1 million. This variety of floor plans ensures that potential residents can find their ideal space within this exclusive community.
World-Class Amenities for Modern Living
Understanding the evolving needs of luxury homeowners, Alhambra Parc introduces an extensive array of premium amenities designed to enhance residents' lifestyle:
- Two expansive rooftop decks offering panoramic views of Coral Gables
- Resort-style pool and spa facilities
- State-of-the-art coworking spaces for the modern professional
- Dedicated children's playroom for families
- Elegant resident's lounge for social gatherings
- 13,000 square feet of premium office space
- 18,000 square feet of carefully curated retail space
Strategic Partnership and Development Expertise
The project represents a powerful collaboration between industry leaders. MG Developer, under the leadership of Alirio Torrealba, has demonstrated their commitment to the project by securing a $14.5 million preconstruction loan. The development team has enlisted One Sotheby's International Realty to spearhead marketing and sales efforts, leveraging their extensive expertise in the luxury real estate market.
Market Context and Future Growth
The launch of Alhambra Parc comes at a strategic time in Coral Gables' development landscape. The project joins other significant developments in the area, including Allen Morris Company's Ponce Park (58 units) and Alta Developers' Cassia (174 units), indicating strong market confidence in the region. MG Developer's acquisition of the 1.1-acre site for $19.2 million in 2022 underscores their commitment to prime real estate investments in the area.
Insights
What makes Alhambra Parc unique in the Coral Gables market?
The development stands out for its prime location, extensive amenities package, and versatile unit sizes that cater to different lifestyle needs. The combination of residential, office, and retail space creates a truly integrated living experience.
How does this development compare to other luxury condos in the area?
Alhambra Parc offers larger unit sizes than many comparable developments, with high-end finishes and amenities that set new standards for luxury living in Coral Gables.
What investment potential does Alhambra Parc offer?
Given MG Developer's track record, the prime location, and the growing demand for luxury residences in Coral Gables, Alhambra Parc represents a significant investment opportunity in one of Miami's most prestigious neighborhoods.
The launch of Alhambra Parc not only marks a significant milestone for MG Developer and Vertical Developments but also represents a new chapter in Coral Gables' luxury real estate market. With its strategic location, premium amenities, and thoughtful design, the development is positioned to become a landmark address for discerning buyers seeking the perfect blend of luxury, convenience, and sophisticated urban living.
