Ponce Park Residences Update in Coral Gables

Under the leadership of Allen and Spencer Morris, the Allen Morris Company has received commission approval for an exciting new project: Ponce Park Residences. This luxury condo development is set to become a significant addition to the heart of Coral Gables. Situated at the prestigious intersection of Ponce De Leon Boulevard and University Drive, Ponce Park Residences is poised to become an iconic building in "The City Beautiful."

On May 21, the Coral Gables commission unanimously voted 5-0 in favor of Ponce Park Residences. Designed by the esteemed architect John Cunningham, the project pays homage to the Mediterranean influences that define Coral Gables. Cunningham, renowned for his design of the timeless Alhambra Towers—another landmark owned and developed by The Allen Morris Company—brings his expertise to create a structure that blends seamlessly into a new city park. The project also features landscape design by Naturalficial, enhancing its aesthetic appeal.

Ponce Park Residences will feature approximately 20,000 square feet of retail and restaurant space, including two world-renowned restaurants and a top-tier wellness spa. The tower will house 57 ultra-luxury condo units designed by Meyer Davis. Each unit will boast the finest Italian kitchens and countertops, 12-foot deep balconies equipped with summer kitchens, and clear ceiling heights of 11 to 12 feet. The rooftop deck will offer 30,000 square feet of amenities, including multiple pools, a cold plunge, a hot tub, and a fully staffed private rooftop bar with stunning views of South Gables and Biscayne Bay.

Residents will enjoy a boutique urban lifestyle with access to over 100 shops and restaurants located at the $1 billion mixed-use development, The Plaza Coral Gables, directly across the street. Additionally, the Miracle Mile corridor, known for its vibrant shopping and dining options, is just a short walk away.

The Allen Morris Company is committed to enhancing the community. They will contribute $2 million in public improvements and take on the responsibility for the redesign of Ponce Circle Park, the city's central park. The total investment in park improvements will exceed $9 million, ensuring a beautiful and functional space for all residents to enjoy.

Sales for Ponce Park Residences are set to launch in the summer of 2024.