Allen Morris Co., a prominent real estate developer in the Southeast, has officially broken ground on Ponce Park, a new mixed-use development located at 3000 Ponce de Leon Blvd. in downtown Coral Gables. The project aims to blend contemporary design with Coral Gables’ Mediterranean architectural heritage, promising to be a significant addition to the city’s luxury living landscape.
Key Takeaways
- Allen Morris Co. has commenced construction on Ponce Park, a mixed-use luxury development in Coral Gables.
- The project features 58 high-end residences and 25,000 square feet of retail space.
- Significant community improvements to Ponce Circle Park are planned as part of the development.
- Completion is anticipated in early 2028, with residences starting at $3.1 million.
A New Era of Luxury Living
The groundbreaking ceremony, held at the Ponce Park Sales Gallery, marked the culmination of nearly five years of planning. The event featured remarks from key figures including W.A. Spencer Morris, President of Allen Morris Co.; W. Allen Morris, Chairman and CEO; Daniel de la Vega, President of ONE Sotheby’s International Realty; and Javier Bellon, Sales Director at Ponce Park. Coral Gables Mayor Vince Lago and Vice Mayor Rhonda Anderson also expressed their enthusiasm for the project’s potential to transform the area.
"We’ve always believed that great projects should elevate the people and communities they touch, and that philosophy guided every decision behind Ponce Park," stated W.A. Spencer Morris. "Our hope is that future residents feel not just impressed by their experience at Ponce Park but genuinely inspired by the place they’ll call home."
Design and Amenities
Ponce Park is designed to be an 11-story tower offering 58 bespoke residences, ranging from two to five bedrooms and spanning from 1,900 to over 6,500 square feet. The development boasts interiors by Meyer Davis and architectural design by John Cunningham of Zyscovich Architects. Residences will feature high ceilings, private elevators, Italian kitchens, expansive terraces with summer kitchens, and a blend of modern and classic European aesthetics.
Residents will have access to a range of amenities, including a rooftop pool, sky bar, artisanal cafe, spa, meditation courtyard, fitness studio, and a private rooftop lounge with panoramic views. The ground level will include 25,000 square feet of retail space, anchored by a high-end restaurant, situated near The Plaza Coral Gables and Miracle Mile.
Community Impact and Timeline
Beyond the development itself, Allen Morris Co. is committed to enhancing the surrounding community. The company will collaborate with the City of Coral Gables to implement $11 million in improvements to the adjacent Ponce Circle Park. Construction is now underway, with an estimated completion date in early 2028. Sales for the residences, which start at $3.1 million, are being managed exclusively by ONE Sotheby’s International Realty.