MG Developer Launches Sales & Breaks Ground on The George, the Final Phase of Biltmore Square in Coral Gables

Key Points:

• MG Developer launches construction and sales for The George Residences, a 13-townhome luxury collection in Coral Gables.

• Each home spans 5,000+ sq. ft., with prices starting at $6.275 million and completion set for Q2 2027.

• The project is backed by a $41 million construction loan from Pine Bay Capital, with sales led by Ryan Serhant’s SERHANT. New Development.

MG Developer has officially broken ground on The George, the final phase of its acclaimed Biltmore Square master plan in Coral Gables. Positioned as the developer’s most luxurious project to date, The George completes a decade-long transformation of the historic neighborhood into one of South Florida’s most sought-after residential enclaves.

The Project: The George Residences

• Located at 717 Valencia Avenue, The George features 13 ultra-luxury townhomes designed by Maria de la Guardia of De la Guardia Victoria Architects & Urbanists.

• Residences blend Mediterranean-inspired architecture with modern details such as private courtyards, loggias, summer kitchens, and 4-car garages with EV charging.

• Interiors include Italian millwork, marble countertops, mahogany doors, and smart-home automation for lighting, sound, and security.

Financial Backing and Market Confidence

• Earlier this year, MG Developer secured a $41 million construction loan from Pine Bay Capital, reflecting institutional confidence in Coral Gables’ luxury segment.

• Prices start at $6.275 million, with delivery expected in Q2 2027.

• The project positions MG Developer at the forefront of South Florida’s high-end townhome market, where demand remains strong despite broader housing market pressures.

Sales and Marketing

• Sales are exclusively handled by Ryan Serhant and Jorge Fernandez of SERHANT. New Development, signaling the firm’s continued expansion into South Florida’s luxury sector.

• According to Serhant, The George “captures the spirit of Coral Gables’ tree-lined charm while delivering a cosmopolitan level of luxury.”

Strategic Importance for MG Developer

• The George marks the final phase of Biltmore Square, a signature MG Developer community that has redefined Coral Gables luxury living.

• With more than $1.8 billion in total portfolio value and 4.3 million square feet of active developments across South Florida, MG Developer continues to expand its footprint in markets like Doral, Hialeah, and North Bay Village.

The George cements MG Developer’s status as one of Coral Gables’ premier luxury builders, blending architectural heritage with modern sophistication. With institutional backing, global marketing partners, and limited inventory, the project is positioned to attract high-net-worth buyers seeking exclusivity and long-term value in South Florida’s most historic enclave.