FIRST OF MG DEVELOPER’S NICHE LUXURY CORAL GABLES DEVELOPMENTS ACHIEVES TCO AND 100 PERCENT SELL-OUT

Remaining units at 444 Valencia now completed and sold-out;
Biltmore Parc nears completion and will soon have TCO as well

 

MG Developer, a Coral Gables-based niche luxury boutique developer, today announced that 444 Valencia is the first of a number of their Coral Gables-based projects to secure TCO and is 100 percent sold out. The townhouse community is located at 444 Valencia Avenue, Coral Gables, and distinguishes itself through striking design elements in each residence.

Designed by Nelson de Leon at Locus Architecture, a well-recognized Coral Gables-based architecture firm, 444 Valencia consists of three- and four-bedroom, three-story units that are approximately 4,500 square feet, and priced from $1.8 to $2.2 million. Each unit includes a four-car garage, a feature that has proven very appealing to individuals with multiple, or ‘trophy,’ vehicles that must be garaged, among numerous other amenities.

Closely behind is Biltmore Parc, a 32-residence luxury condominium community located at 718 Valencia Avenue. Biltmore Parc has completed construction and is in the process of securing TCO.  It is almost 50 percent sold.  

Biltmore Parc is an example of the developer’s unique approach of completing construction and securing TCO, ahead of finalizing sales.

“Reaching these important milestones, both for the remaining units at 444 Valencia and Biltmore Parc, reflects the demand for newer luxury niche products in Coral Gables,” said Alirio Torrealba, Chief Executive Officer of MG Developer. “We look forward to continuing the sales process with the now-completed Biltmore Parc. The decision to finalize construction before finalizing sales is an approach that we have embraced, and one that reflects our confidence in Coral Gables.”

Each of these communities enjoys an idyllic location in the heart of Coral Gables, just west of the Miracle Mile, steps from Salvador Park, the Coral Gables Country Club and the iconic Biltmore Hotel in Miami.

 

Biltmore Parc features two- and three-bedroom condominiums with dens, and large expansive terraces featuring Nanawall folding glass. It also offers privileged owners a Premier Membership at the historic Biltmore Hotel’s club. T.A. Builder, a top general contractor based in Coral Gables, leads the high-level construction for Biltmore Parc, while Bellin & Pratt Architects, also based in Coral Gables, were the visionaries behind the architectural design. Artefacto provided the finishing touches and design for the development’s stunning lobby.

Torre Construction & Development, an experienced Coral Gables, LEED certified construction company, spearheaded the construction for 444 Valencia and is also leading construction for MG Developer’s Beatrice Row, an exclusive nine-residence townhomes community in the heart of the Gables, which will also be completed before sales are concluded. It is currently is more than half-way completed.

“The suite of niche properties offered by MG Developer has something for every discerning buyer looking for a boutique-style luxury residence in the heart of the Gables, be it condominium or townhouse,” adds Jenny Ducret, Chief Operating Officer of MG Developer.  “All of our developments are within walking distance to many of the city’s historic attractions, as well as the main shopping and dining districts of Coral Gables.  We are confident that each of these developments meets the needs of those buyers looking for a home that provides ultimate luxury, comfort, and convenience in a beautiful city.”

With each of their project’s proximity to each other, MG Developer’s vision for Coral Gables includes ‘Biltmore Square,’ a communal area that will serve as a central hub for Biltmore Parc, Beatrice Row, Biltmore Row, and Althea Row.  All MG Developer projects are steps away from the city’s sophisticated nightlife, iconic culinary scene, and dynamic art and cultural venues.

Biltmore Parc, as well as its sister project, Beatrice Row, are marketed exclusively by Fortune International Realty.

For additional information about MG Developer’s projects, visit www.MGDeveloperMiami.com, or for sales, contact Daniel Guerra, Vice President of Development Sales for Fortune International Realty, at (305) 338-0126 and DGuerra@FIR.com.


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1 Comment on "FIRST OF MG DEVELOPER’S NICHE LUXURY CORAL GABLES DEVELOPMENTS ACHIEVES TCO AND 100 PERCENT SELL-OUT"

  1. Expected. Nelson De Leon is a phenomenal architect, with inspired vision but with his feet on the ground, and Venny Torre at Torre Development is incredibly prudent and always delivers well and on time. Known them both for over 30 years, and integrity is ingrained in their character. Congratulations, Nelly!

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