Transforming Coral Gables: The Rise of Ponce Park

A Bold New Chapter in Coral Gables

As the sun sets over the historic streets of Coral Gables, a significant transformation is underway that promises to redefine luxury living in this iconic neighborhood. Allen Morris Co., a prominent real estate developer in the Southeast, has completed the demolition at the future site of Ponce Park, a landmark project poised to elevate the area’s boutique luxury market.

Vision Meets Reality

Located at the intersection of Ponce de Leon Boulevard and University Drive, Ponce Park is envisioned as an ultra-luxury condominium that pays homage to Coral Gables’ Mediterranean roots while embracing contemporary design. With the completion of demolition, the project is set to transition into the critical phase of site work and vertical construction, following a groundbreaking ceremony held in December.

A Commitment to Excellence

Backed by a substantial $132.5 million construction loan from Bank OZK, Ponce Park aims to introduce not only exquisite residential offerings but also an impressive retail component that includes 25,000 square feet of curated shopping options. A standout feature will be a world-class restaurant from the acclaimed Madrid dining institution, Quintín Ultramarinos, which is anticipated to open its doors in 2028.

Luxury Redefined

Ponce Park will feature an 11-story tower housing 58 bespoke residences, ranging from two to five bedrooms and spanning from 1,900 to over 6,500 square feet. Each home is designed with an emphasis on luxury and sophistication, boasting 11- to 12-foot ceilings, private elevators, and Italian-crafted kitchens. Residents will appreciate expansive terraces equipped with summer kitchens, perfect for entertaining while soaking in the stunning views of the Southeast Gables.

Architectural Elegance

Designed by the renowned architect John Cunningham, with interiors curated by the globally recognized Meyer Davis, the aesthetic of Ponce Park harmonizes modern refinement with classic European-inspired details. Complementing this architectural marvel is Naturalficial, responsible for the exquisite landscape design, ensuring that the outdoor spaces are as inviting as the interiors.

Unparalleled Amenities for the Discerning Resident

Beyond its stunning residences, Ponce Park will offer a suite of luxurious amenities designed to enhance the lifestyle of its residents. A rooftop pool and sky bar will provide a serene escape, while an artisanal café and spa will cater to everyday indulgences. Additionally, a meditation courtyard and a state-of-the-art fitness studio will promote wellness, creating a holistic living experience.

Community Commitment and Future Vision

In tandem with the development of Ponce Park, Allen Morris Co. is committed to enhancing the local community. In partnership with the City of Coral Gables, the firm has initiated an $11 million renovation of Ponce Circle Park, aiming to revitalize the neighborhood’s streetscape and public spaces. This commitment to community enhancement not only reflects a dedication to architectural excellence but also to the well-being of Coral Gables’ residents.

Exclusive Living Awaits

The residential component of Ponce Park is exclusively represented by ONE Sotheby’s International Realty, with pricing starting at $3.1 million. As the project progresses toward its anticipated completion in early 2028, it is set to become a hallmark of luxury, sophistication, and community spirit in Coral Gables.

Editorial note: This article was created by A Bit Lavish Miami’s Magazine as an original editorial reinterpretation based on publicly available reporting. Original source: profilemiamire.com. Read the original article here: https://profilemiamire.com/miamirealestate/2026/7/14/allen-morris-co-completes-demoltion-for-ponce-park-coral-gables.
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