Quintín Ultramarinos Secures Retail Lease At Ponce Park In Coral Gables For 5500 SF

The property involved in this transaction is a retail asset located at 3000 Ponce De Leon Boulevard in Coral Gables. The building spans 5,500 square feet and is positioned in a market with a rental asking price of $95 per square foot. This asset will be occupied by Quintín Ultramarinos, an established restaurant known for its Spanish cuisine, and is part of the Ponce Park development, which includes an 11-story luxury condominium and approximately 25,000 square feet of retail space. Ponce Park is anticipated to be completed in early 2028.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 3000 Ponce De Leon Boulevard
• Market: Coral Gables
• Landlord: The Allen Morris Company
• Tenant: Quintín Ultramarinos
• Lease Type: NNN Lease
• Asking Rent: $95/ft
• Square Footage: 5,500
• Brokers: Lyle Stern, Daniel Cardenas & Michael Sullivan - Vertical Real Estate

Quintín Ultramarinos is set to open in 2028 as part of Grupo Paraguas’ expansion in the U.S., marking their second location following the Miami debut of Amazónico. This partnership is with D.ream International. Vertical Real Estate acts as the exclusive retail leasing broker for the Ponce Park development.