Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has completed demolition at the future site of Ponce Park Coral Gables, paving the way for the start of site work and vertical construction. A newly rebuilt sales gallery to the same quality and standard as the original is set to open on-site in the coming weeks. With construction underway completion is anticipated in early 2028.
The demolition follows a December groundbreaking and closing of a $132.5 million construction loan from Bank OZK for Ponce Park, an ultra-luxury condominium development in the heart of Coral Gables that will redefine boutique luxury living. Located at 3000 Ponce de Leon Blvd., at the intersection of Ponce de Leon Blvd. and University Drive, Ponce Park will introduce world-class retail and residential offerings that honor Coral Gables’ Mediterranean roots through contemporary design.
The 11-story tower offers 58 bespoke two- to five-bedroom residences ranging from 1,900 to more than 6,500 square feet. At ground level, the development will introduce 25,000 square feet of curated retail anchored by a world-class restaurant, all just steps from The Plaza Coral Gables and Miracle Mile.
Designed by John Cunningham with interiors by the internationally acclaimed Meyer Davis, each home will feature 11- to 12-foot ceilings, private elevators, Italian-crafted kitchens, expansive terraces with summer kitchens and interiors that blend modern refinement with classic European-inspired details. The project also features landscape design by Naturalficial.
Residents will enjoy access to a suite of amenities including a rooftop pool, sky bar, artisanal cafe, spa and serene meditation courtyard, fitness studio and a private rooftop lounge offering panoramic views of the Southeast Gables. Acclaimed Madrid dining institution Quintín Ultramarinos from Grupo Paraguas will open at the project in 2028.
As part of its commitment to enhancing the surrounding community, Allen Morris Co., in partnership with the City of Coral Gables, is undergoing a $11 million renovation of Ponce Circle Park next door to the project, which will transform the neighborhood streetscape.
The residential component, exclusively represented by ONE Sotheby’s International Realty, offers pricing starting at $3.1 million.
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Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has completed demolition at the future site of Ponce Park Coral Gables, paving the way for the start of site work and vertical construction. A newly rebuilt sales gallery to the same quality and standard as the original is set to open on-site in the coming weeks.