Calta launches sales of Coral Gables townhome project

Prices for the 10 Via Veneto townhouses start at $5.5M

Calta Group Launches Sales of Coral Gables Townhome Project
Calta Groups' Ignazio and Gaetano Caltagirone and Renderings of 10 Via Veneto townhouses (Calta Group)

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.  

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Calta Group Launches Sales of Coral Gables Townhome Project
Renderings of 10 Via Veneto townhouses (Calta Group)

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.