MG Developer Tops Off The Village at Coral Gables as Luxury Residential Sales Soar

Key Points

• Topping-off milestone reached, signaling structural completion and momentum in this boutique 48‑unit enclave

• Record-setting sales: A villa fetched $4.8 million ($1,675/sq ft)—the highest price per square foot for new construction in Coral Gables

• Limited remaining units, with move‑ins expected later this summer and sales starting at $2.65 million

The Village at Coral Gables—a new, architecturally rich development inspired by 19th-century Spanish‑colonial style—has officially topped off, marking a key milestone in Coral Gables’ ongoing legacy as “The City Beautiful.”

Developer & Design Vision

• MG Developer, led by CEO Alirio Torrealba, is behind the project—blending Mediterranean Revival design, Seville-inspired courtyards, and Merrick’s “Village Project” ethos

• The architecture by De La Guardia Victoria Architects & Urbanists combines historic reference with modern luxury, with interiors styled by Jenny Ducret & Roxana Victoria

Construction & Sales Milestones

• Topping‑off occurred in 2025, with structural completion achieved ahead of schedule

• Back in November 2024, the project already hit 60 percent sales during topping‑off

• A record-breaking $4.8 million villa sale (at $1,675/sq ft) set a new high-water mark for new construction in Coral Gables

• Remaining residences start at $2.65 million, with move-ins slated for summer 2025

Product Mix & Location Advantage

• The enclave includes:

  • 24 flats

  • 4 three‑story lofts

  • 16 three‑story townhomes

  • 4 two‑story villas

• Situated in Coral Gables’ themed “villages,” it's located within an architecturally cohesive, walkable, premium district

• Amenities include a wellness clubhouse, fitness center, plunge pool, library, conference room, and high-speed Wi‑Fi—blending residential comfort with productivity and lifestyle appeal

Demand Remains Strong

The Village at Coral Gables stands as a high-touch example of how luxury real estate with historic homage can command premium pricing and investor confidence. With topping-off achieved, record-setting sales, and limited inventory, this enclave signals strong upward momentum in South Florida’s ultra-luxury sector.