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Calta launches sales of Coral Gables townhome project
Prices for the 10 Via Veneto townhouses start at $5.5M
Calta Group launched sales of Via Veneto, a planned Coral Gables luxury townhome development.
The developer, led by Italian brothers Ignazio and Gaetano Caltagirone, tapped mother-son duo Judy and Nathan Zeder of the Jills Zeder Group at Coldwell Banker Realty to lead sales, according to a press release.
Via Veneto will include 10 three-story townhomes, each spanning 5,500 square feet with four bedrooms, four bathrooms and one half-bathroom, the release shows. Prices start at $5.5 million. The developer plans to break ground in the fourth quarter, with construction slated to be completed in 2026, the release shows.
Coral Gables-based Calta commissioned architect Nelson de Leon to design the project.
The developer initially sought to build 12 units on the site at 915 Palermo Avenue. They bought the two-building, 32-unit apartment complex on the site for $12 million in April of last year.
Coral Gables is a popular area for luxury developers looking to capitalize on South Florida’s pandemic boom. MG Developer, led by CEO Alirio Torrealba, scored a $67.5 million construction loan in July for its Village at Coral Gables project, a 48-unit planned development that includes townhomes, lofts, condos and villas.
Calta Group has a range of projects in the works across South Florida. The developer spent $47.2 million on an assemblage in Miami’s Allapattah neighborhood, where it plans to build a mixed-use project with workforce units. In April of last year, the Caltagirones also secured a $60 million construction loan to build a planned 180-unit apartment building in Hollywood.