Alhambra Parc

Alhambra Parc is a pre-construction mixed-use condominium planned for 33 Alhambra Circle in downtown Coral Gables, developed by MG Developer in partnership with Vertical Developments. Financing coverage from June 2026 describes an eight-story building with 74 residences above nearly 18,000 square feet of ground-floor retail and about 13,768 square feet of office space, on a roughly 1.1-acre site next to Miracle Mile. Bellin Pratt & Fuentes Architects designed the Mediterranean-style building, Carlos Guevara Architects is handling the residence interiors, and Raymond Jimenez of Raymond Nicolas designed the common areas and amenities. Sales launched in February 2025 through ONE Sotheby's International Realty. In June 2026 the developers closed a $100 million construction loan from Benmark Capital, arranged by Berkadia, and said 22 residences had been presold. At that time they said they planned to break ground in fall 2026 and complete the building in 2028, and reported starting prices of about $1.2 million. No groundbreaking had been publicly reported as of late October 2026, so buyers should confirm the construction schedule with the sales team. Floor plans include one-bedroom, one-bedroom plus den, two-bedroom plus den and three-bedroom plus den residences, along with penthouses. Planned finishes include ceilings up to 10 feet, Italian kitchen cabinetry, quartz counters and backsplashes, premium appliances, porcelain flooring, private terraces, walk-in closets and spa-style primary baths with soaking tubs. Amenities call for two rooftop decks with a resort-style pool and spa, the Paraiso Garden with outdoor kitchens, a yoga garden, a private ground-level park, a fitness and wellness center, a residents' lounge and clubhouse, coworking spaces, valet parking and 24-hour concierge. For buyers weighing a new-construction condominium in downtown Coral Gables, join the waitlist on this page for pricing updates and floor plan releases, and check back here for available residences as the project moves toward construction.