A developer in Coral Gables is going to test the city’s appetite for office condominiums with a new project.
The Solution Group’s development affiliate Ofizzina 1200 paid about $6.7 million for a 29,000-square-foot property at 1200 Ponce de Leon Boulevard, according to Tuesday’s written statement from a company spokesperson. The 47-unit project is also called Ofizzina 1200. The Mediterranean-style building would have a total of 97,000 square feet of office space, two retail units on the ground floor and 335 parking spaces.
Corwil Architects designed the building. The developer is seeking site plan approval from the City of Coral Gables. It hopes to begin construction in fall 2015 and finish the building by early 2017.
“We strive to make every project we undertake unique and to provide buyers with superior design in well-located neighborhoods,” The Solution Group president and Ofizzina 1200 managing principal Camilo Lopez said. “The strategy has worked with both condominiums and townhomes, and now we are applying it to Ofizzina 1200.” — Eric Kalis