Office condo tops off after 80% of the units sell

The 16-story Ofizzina development in Coral Gables is expected to be finished in fall

Apr.April 08, 2017 10:00 AM

The Ofizzina development at 1200 Ponce de Leon Boulevard in Coral Gables

Updated, 1:30 p.m. May 24: Construction crews topped off a 16-story office condominium in Coral Gables called Ofizzina after the co-developers sold 80 percent of the units.

Co-developers TSG and BF Group expect Beauchamp-Ocean Contractors to finish construction of the condo office building in fall.

The development at 1200 Ponce de Leon Boulevard will have 54 offices, three ground-floor spaces for retail stores and 300-plus parking spaces.

One Sotheby’s International Realty agents Saddy Delgado, Lourdes Alatriste and David Carrion-Levy were tapped to sell the remaining $21 million worth of inventory, which includes the 11th floor, two mezzanine units, two suites and two retail spaces – all totaling more than 27,000 square feet.

The architectural design of Ofizzina by Corwil Architects will feature a classic Mediterranean façade. MKDA  designed the interior common areas.

“We are proud to reach this pinnacle milestone, bringing us one step closer to unveiling Ofizzina,” Camilo Lopez, CEO and managing partner of TSG, said in a prepared statement. “Our vision was to move beyond the traditional meaning of the nine-to-five workplace.”

The property’s amenities will include a private rooftop lounge, an espresso bar, a fitness center and electric vehicle charging stations.

Related Articles

1515 Sunset Drive and Facundo Bacardi

Bacardi-owned company sues construction firm for defects and delays at Coral Gables office development

Paseo de la Riviera and Industrious CEO Jamie Hodari  

Industrious to open at Paseo de la Riviera in Coral Gables

999 Ponce and Benjamin H. Silver  

Downtown Coral Gables office building asks $40M

500 Marquesa Drive (Credit: Realtor)

Former hedge funder sells waterfront home in Coral Gables for $8M

The Mile, Robert Given and Troy Ballard

Greystar looks to sell luxury rental building The Mile near Coral Gables

Manny Machado and Chad Carroll with 20 Tahiti Beach Island Road (Credit: Getty Images and Douglas Elliman)

Buyer revealed: Baseball player Manny Machado buys Tahiti Beach Island manse

Chad Carroll with 20 Tahiti Beach Island Road (Credit: Redfin)

Tahiti Beach Island manse sells for half its original ask

AmTrust office building at 2701 Ponce de Leon in Coral Gables

AmTrust Bank building sells in Coral Gables