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
Manny Machado & 9261 School House Road (Credit: Harry How/Getty Images)

Baseball player Manny Machado buys Coral Gables spec mansion for $7M

Baseball player Manny Machado buys Coral Gables spec mansion for $7M
535 Casuarina Concourse and Howard Wolofsky

Educational software firm founder buys Gables Estates home for $6M

Educational software firm founder buys Gables Estates home for $6M
185 Los Pinos Ct, Coral Gables and Jane Fraser (Realtor, Citibank)

Bad investment? Citibank president sells waterfront Coral Gables home for $5M

Bad investment? Citibank president sells waterfront Coral Gables home for $5M
Rishi Kapoor with Forum Coral Gables

Co-working virtually: Coral Gables space rolls out memberships

Co-working virtually: Coral Gables space rolls out memberships
Jeffrey A. Schwartz and 5201 Oak Lane in Coral Gables (Excel Sports Management; Realtor)

Slam dunk: Sports agent buys Coral Gables home for $5M

Slam dunk: Sports agent buys Coral Gables home for $5M
Paseo de la Riviera and Brent Reynolds

Developer completes $225M Paseo de la Riviera mixed-use project

Developer completes $225M Paseo de la Riviera mixed-use project
115 Arvida Parkway in Gables Estates, Irene Sáez (Credit: Gianni Ferrari/Cover/Getty Images and Douglas Elliman)

Ex-Venezuelan politician who won Miss Universe sells Gables Estates mansion

Ex-Venezuelan politician who won Miss Universe sells Gables Estates mansion
6312 Riviera Drive and Jeff Conry (Realtor)

Lift off: Charter airline prez buys waterfront Coral Gables mansion for $15M

Lift off: Charter airline prez buys waterfront Coral Gables mansion for $15M
arrow_forward_ios

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

Loading...