MG Developer has officially broken ground and launched sales for The George Residences, the final and most exclusive development within the award-winning Biltmore Square community in Coral Gables. This ultra-luxury townhome collection signifies the culmination of a decade-long vision to redefine high-end living in the prestigious city.
Key Takeaways
- The George Residences is the final development in Biltmore Square, located at 717 Valencia Avenue.
- It features 13 ultra-luxury townhomes, with prices starting at $6.275 million.
- Completion is anticipated in the second quarter of 2027.
- The project is designed by Maria de la Guardia, blending Mediterranean and contemporary styles.
- Sales are exclusively handled by Ryan Serhant and Jorge Fernandez of SERHANT. New Development.
A New Era of Luxury Living
Alirio Torrealba, CEO of MG Developer, described the groundbreaking as a "defining moment" for both the company and Coral Gables. He emphasized that The George is an homage to George Merrick’s legacy, merging timeless design with modern sensibilities. The project aims to elevate the already distinguished neighborhood with its architectural and cultural vision.
Architectural Excellence and Exclusive Features
Designed by acclaimed architect Maria de la Guardia, The George Residences boast a unique blend of Mediterranean-inspired architecture and contemporary luxury. Each townhome exceeds 5,000 square feet and includes features such as private courtyards, loggias, summer kitchens, four-car garages with EV charging stations, and integrated smart-home automation for lighting, music, and security. Interior finishes are equally impressive, featuring Italian millwork, marble countertops, solid mahogany doors and windows, and premium appliances from Subzero, Wolf, and Waterworks.
National Prominence and Expert Sales
The sales and marketing efforts for The George are led by Ryan Serhant and Jorge Fernandez of SERHANT. New Development. This partnership underscores the project’s national prominence and positions it as a distinguished address in South Florida. Serhant commented that The George offers a "rare offering, a boutique collection of residences that captures the spirit of Coral Gables’ tree-lined charm while delivering a cosmopolitan level of luxury."
Financial Confidence and Future Outlook
Earlier this year, MG Developer secured a $41 million construction loan from Pine Bay Capital, reflecting strong institutional confidence in the Coral Gables ultra-luxury market and the developer’s robust brand. The George Residences are expected to be completed by Q2 2027, marking a significant addition to Coral Gables’ luxury real estate landscape.