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

 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Office rents rise across SoFla

Here’s why office rents are going up in South Florida

601 Leucadendra Drive (Credit: Zillow)

Manufacturing CEO sells Gables Estates mansion for $12M

From left: BGI Capital’s Kenneth A. Baboun and Robert Barthelmess, 299 Alhambra Circle, Local Ventures' Rishi Kapoor (Credit: Google Maps, BGI)

Developer snags $12M loan for co-working project in Coral Gables

475 Biltmore Way, Somi Center with Douglas Mandel and Benjamin Silver

California investor searching for higher yield buys medical office building portfolio

Rendering of the Plaza Coral Gables

Pinstripes bowling alley inks lease at The Plaza Coral Gables

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