Constellation Group and Boschetti Group Break Ground on Cora Merrick Park Condo

• Constellation Group and Boschetti Group launched a 74-unit luxury condo project
• Development focuses on wellness-driven living and design
• Prices range from $900K to over $4M, with delivery set for 2028

What the groundbreaking means for Coral Gables development

A new boutique luxury project is underway in Coral Gables as Constellation Group and The Boschetti Group break ground on Cora Merrick Park. The 74-unit development targets high-end buyers seeking a more curated and wellness-focused residential experience. Located in the Merrick Park neighborhood, the project benefits from strong walkability and proximity to retail, dining, and office assets.

What the wellness concept means for positioning

Cora Merrick Park is being positioned as one of the first wellness-focused condo developments in the area. The project is pursuing WELL certification, emphasizing features like air and water purification, non-toxic materials, and recovery-focused amenities. Managing Principal Eduardo Otaola said the project is designed to “integrate wellness into everyday living,” highlighting a growing shift in buyer preferences toward health-focused environments.

What the amenities and design say about demand

The building will include a full suite of high-end amenities, including a spa, fitness center with recovery zones, rooftop pool, and even a rooftop padel court. Residences will feature premium finishes, smart layouts, and private outdoor spaces, aligning with expectations in the luxury segment. This type of product reflects increasing demand from affluent buyers relocating to South Florida, particularly those seeking lifestyle-driven assets.

What this means for developers and investors

For Constellation Group and The Boschetti Group, the project builds on their presence in Coral Gables and reinforces their focus on boutique luxury developments. The pricing and positioning suggest confidence in continued demand from high-net-worth buyers, especially in supply-constrained, high-barrier-to-entry neighborhoods.

What to watch as the project moves forward

With delivery expected in 2028, the project’s success will depend on sustained migration trends and luxury condo demand. For investors, the takeaway is clear. Wellness-focused residential developments are emerging as a new niche within the luxury market, offering differentiation and pricing power.