The Village at Coral Gables

The Village at Coral Gables is a 48-residence Mediterranean Revival condominium at 504 Malaga Ave, Coral Gables, FL 33134, developed by MG Developer under CEO Alirio Torrealba and designed by De La Guardia Victoria Architects & Urbanists. The developer credits Roxana Victoria Interiors for the interiors, and ONE Sotheby's International Realty handles exclusive sales. Early reporting used 535 Santander Avenue. The project fills a full city block of about 2.6 acres bounded by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street, two blocks west of South Le Jeune Road. It topped off in November 2024 and is still new construction, with completion and closings not yet confirmed. The mix is 24 flats, 16 townhomes, 4 lofts and 4 villas. The count was cut from 52 to 48 to make room for more open space. The flats have two bedrooms plus a study, 2.5 baths and covered loggias and balconies. The townhomes are three-story homes with three or four bedrooms, a private elevator and an attached two-car garage. The lofts are three-story, two-bedroom homes with a garage. The villas are two-story, three-bedroom Spanish-colonial homes, also with attached two-car garages. Developer-supplied MLS interior areas run from 1,698 square feet for a flat to 3,246 square feet for a townhome. The buildings rise to four floors on the Santander side and two on the Malaga side. They are arranged around courtyards and fountains inspired by Seville's Plaza de Espana, and garages sit on rear alleys so no cars park in the green areas. The developer lists a residential lounge, fitness center, pool with a sun-bed area, clubhouse, business center and gardens. PROFILEmiami described the clubhouse as nearly 4,000 square feet. The flats add bike parking, package storage, an EV charger, emergency backup power, FOB access and hurricane-rated windows and doors. The developer places the site 0.8 mile from Miracle Mile, 0.9 mile from the Biltmore Hotel, 1.2 miles from the Shops at Merrick Park and 2.6 miles from the University of Miami. MG Developer assembled the site in 2022 for $15.85 million and secured a $67.5 million construction loan from Churchill Real Estate in July 2023. The project was 60% sold when it topped off. Join the waitlist on this page for completion updates, and check current listings at The Village at Coral Gables.