The project comes only three months after MG Developer’s previous project in The City Beautiful, Villa Blanc

Left to Right: Nelson de León, Fernando Pinto, Alirio Torrealba, Venny Torre

Following the successful groundbreaking of Villa Blanc, MG Developer maintains its status as Coral Gables’ most active developer with the groundbreaking of The Ponce. Offering a robust combination of English and Spanish architecture, The Ponce illustrates a soulful European resort with simple, yet timeless elegance.

Located at 3400 Ponce, the four-unit development designed by Nelson de León includes three bedrooms, two bathrooms and one half bathroom throughout 2,538 square feet of modern living with a touch of old-world Caribbean personality. With an ideal location on one of the most recognized and important thoroughfares in Coral Gables, The Ponce brings residents within walking distance to Merrick Park and Miracle Mile, where they can also enjoy trolley rides through the business district. Prices start at $1.175 million.

“We’re proud to begin construction of our latest contribution to Coral Gables, which is a reflection of its diversity and originality as an aesthetically conscious city,” said Alirio Torrealba, CEO of MG Developer. “The Ponce brings a luxurious style of living near the heart of Coral Gables with a bold design that complements the history and culture of Coral Gables while enhancing its future.”

The intimate afternoon event marked the fifth consecutive development for MG Developer in Coral Gables, each with its own unique architectural character. The firm’s upcoming projects, including Biltmore Row and Althea Row, will complete MG’s signature community known as Biltmore Square.

For more information, please visit www.MGDeveloperMiami.com.

About MG Developer

MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm is a subsidiary of MG Capital, and provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. As a member of the Coral Gables community, MG Developer is committed to the beautification of the city and supports its Art in Public Places program, recently commissioning an original stone sculpture at Balboa Plaza called “A Midsummer Night’s Dream.” The firm is an advocate of public exhibitions throughout Coral Gables that enhance the area’s unique lifestyle and design and is also a proponent of philanthropic efforts and organizations that elevate the city’s standard of living, including the Coral Gables Community Foundation and FundaHigado.