Jose Cuervo-tied company plans Gables project

Miami /
Feb.February 05, 2014 12:00 PM

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


Related Articles

arrow_forward_ios
John Ruiz with 530 Arvida Parkway
John Ruiz sells waterfront Gables Estates home for discounted $30M
John Ruiz sells waterfront Gables Estates home for discounted $30M
Clockwise from top left: Timothy Wheat, John Hugeunard, Catie Naranjo, Coraly Rodriguez and Wells Waller
Movers & Shakers: JLL’s John Huguenard and Wells Waller move to Miami
Movers & Shakers: JLL’s John Huguenard and Wells Waller move to Miami
Park Grove at 1 Park Grove Lane in Miami (Google Maps)
Park Grove tops Miami-Dade’s weekly condo sales
Park Grove tops Miami-Dade’s weekly condo sales
One Thousand Museum, Continuum South Tower and The Surf Club Four Seasons (Illustration by The Real Deal with Getty, Google Maps)
Miami-Dade condo sale prices finish 2022 strong
Miami-Dade condo sale prices finish 2022 strong
A photo illustration of One Paraiso (left) and Arte Surfside (right) (Getty, Google Maps, Arte Surfside)
Arte Surfside tops Miami-Dade’s weekly condo sales
Arte Surfside tops Miami-Dade’s weekly condo sales
Location Ventures’ Rishi Kapoor, Florida East Coast Realty’s Tibor Hollo and a rendering of the project (Hamed Rodriguez Architects/Location Ventures)
Location Ventures closes on $36M Coral Gables development site
Location Ventures closes on $36M Coral Gables development site
A photo illustration of CGI Merchant’s CEO Raoul Thomas and 1100 Biscayne Boulevard in downtown Miami (left), 550 Biltmore Way in Coral Gables (middle) and 3480 Main Highway in Coconut Grove (right) (Getty, Google Maps, LoopNet)
CGI Merchant allegedly owes vendors more than $200K: lawsuits
CGI Merchant allegedly owes vendors more than $200K: lawsuits
Fisher island, Continuum South Tower, Estates at Acqualina and rendering of Ritz-Carlton Residences (Google Maps, Ritz-Carlton)
Miami-Dade condo sale prices continue to dip in November
Miami-Dade condo sale prices continue to dip in November
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...