Mediterranean Village at Ponce Circle lands zoning approval

$500M development will include a hotel, office space, retail and residential

TRD MIAMI /
Jun.June 24, 2015 02:15 PM

Developer Agave Ponce received final zoning approval from the city of Coral Gables for its 6.7-acre mixed-use development.

Mediterranean Village at Ponce Circle will include a five-star hotel, Class A office space, high-end retail, 229 townhomes and condos, a rooftop restaurant and parks. RTKL is the project’s architecture and design firm.

More than 50 percent of the former Old Spanish Village site will be dedicated to open space, including rooftop green space, and developers have committed to including public art throughout the project, according to a press release About 2,700 parking spaces will be underground.

“We have before us a truly unprecedented opportunity to add tremendous value to urban life in the city of Coral Gables by transforming a neglected site into a dynamic community hub, and to do so in a sustainable way,” Dan Freed, vice president in RTKL’s Miami office, said in a statement.

Agave announced plans for the $500 million development in February 2014. The company’s CEO is tied to Mexico City-based Grupo JB, which owns the Jose Cuervo brand. The company has developed properties in Coral Gables before, such as the office building at 396 Alhambra Circle. — Katherine Kallergis

 

Related Articles

arrow_forward_ios
From left: Phil Gutman, Camilo Lopez and Herve Barbera, with Ofizzina

Bar Invest Group buys office condos in Coral Gables, plans new HQ

Masoud Shojaee and 3650 Bird Road (Credit: Google Maps)

Shoma plans two-tower rental project near Coral Gables

Greystar’s Bob Faith, The Mile (Credit: BuzzBuzzHome)

Greystar sells The Mile apartments for $40M

6855 Sunrise Drive (Credit: Google Maps)

Financier drops $13M for waterfront Coral Gables estate

Liz Hogan and 21 Casuarina Concourse

The biggest piece of land in Gables Estates just hit the market for $50M

A rendering of CocoWalk (Credit: iStock)

Sweetgreen expanding to Florida with first locations in Miami

5400 Hammock Drive and Timbaland (Credit: Getty Images)

Timbaland drops $8M on Coral Gables mansion

506 Sunset Drive and Justise Winslow (Credit: Getty Images)

Justise Winslow scores Coral Gables home

arrow_forward_ios
Loading...