A company with ties to the owner of the Jose Cuervo tequila brand hopes to revive the former Old Spanish Village development in Coral Gables.
Agave Ponce has presented plans to the City Commission for a 254-unit luxury condo project with office space and a five-star hotel, the Miami Herald reported. The former owners of the 6.8-acre site, Ponce Circle Developers, had received approval to build Old Spanish Village in 2006. That project would have included a mix of residential, retail and office buildings, but it stalled during the recession.
Only a vacant bank building and construction fence remain on the development site.
Agave Ponce CEO Hector Fernandez is an executive at Mexico City-based Grupo JB, which owns the Jose Cuervo brand. The company has previous development experience in Coral Gables, most notably with office building 396 Alhambra Circle. [Miami Herald] — Eric Kalis