The Allen Morris Company, led by Allen and Spencer Morris, have received commission approval for Ponce Park Residences, a luxury condo project set to rise in the heart of Coral Gables. Located on the crown jewel site at the intersection of the renowned Ponce De Leon Boulevard and University Drive in Coral Gables, Ponce Park Residences is positioned to become the next most iconic building in The City Beautiful. On May 21 the Coral Gables commission voted a unanimous 5-0 in support for Ponce Park Residences, which was designed by John Cunningham and pays homage to the Mediterranean influences of Coral Gables while creating an active pedestrian arcade that blends seamlessly into a new city park. Project architect John Cunningham designed the timeless Alhambra Towers which is also owned and developed by The Allen Morris Company and has served as one of the most iconic buildings on the Coral Gables skyline. Ponce Park Residences will also feature landscape design by Naturalficial. Sales are set to launch summer 2024 and will be overseen by ONE Sotheby’s International Realty.
Ponce Park Residences will consist of approximately 20,000 SF of retail & restaurant space, which will house two world-renown restaurants and a world-class wellness spa. The tower will house 57 ultra luxury condo units. The units will include the finest Italian kitchens & countertops, 12’ deep balconies with summer kitchens in every unit and 11’-12' clear ceiling heights. The building’s rooftop deck boasts 30,000 SF of amenities including multiple pools, a cold plunge, a hot tub and a fully staffed, private rooftop bar with views of South Gables and Biscayne Bay.
The project will provide residents a boutique urban lifestyle experience and access to over 100 shops and restaurants located at the $1 billion mixed-use The Plaza Coral Gables directly across the street as well as the Miracle Mile corridor located a short walk away.
The Allen Morris Company will also contribute $2 million in public improvements and assume responsibility for the re-design of Ponce Circle Park, The City’s central park. The total park improvements will total over $9 million.
