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MG Developer Secures $67.5 Million Loan to Build The Village at Coral Gables 

The property is set for completion by the second quarter of 2025.

MG Developer, a real estate developer based in Coral Gables, has recently closed a construction loan worth $67.5 million with Churchill Real Estate to finance the Village at Coral Gables project. The groundbreaking ceremony for the development is anticipated to occur this month.

The Village at Coral Gables, a 48-residence collection of townhomes, lofts, villas and flats, is exclusively sold by One Sotheby’s International Realty. The project’s assembly will pay tribute to Seville, Spain’s aesthetic beauty and lifestyle and continue the legacy of Coral Gables’ founder, George Merrick, and his vision for “The City Beautiful.” This new enclave is designed to honor the city’s past while offering modern-day luxurious comforts for discerning buyers.

“We are truly excited to now be entering the construction phase of The Village at Coral Gables,” Alirio Torrealba says, CEO of MG Developer. “It’s been a true labor of love from the initial planning phase to now. I couldn’t be prouder to be partnering with Churchill to provide the financing for this highly anticipated community. We are looking forward to a fruitful and long-term relationship for more projects in the future that will continue to elevate the City of Coral Gables.”

The upcoming Village at Coral Gables development will be situated across 17 lots, encompassed by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The properties will feature diverse styles and sizes, including luxurious two-bedroom flats with a study room and balcony and charming four-bedroom townhomes spanning from 1,750 to 3,100 square feet. The project will also incorporate beautifully landscaped gardens, courtyards and fountains, taking cues from alcoves in the Plaza de España.

“We are thrilled to partner with MG Developer for the financing of The Village at Coral Gables,” Jeff Rosenfeld says, who, along with Sean Robertson, Co-Heads Originations at Churchill Real Estate. “MG Developer has a strong track record of delivering exceptional projects, and we are excited about MG bringing this highly anticipated development to life. We are excited to support MG Developer in their commitment to elevating The City Beautiful and look forward to our continued partnership and future projects.”

The recreational amenities in The Village at Coral Gables are thoughtfully designed, including a wellness clubhouse spanning nearly 4,000 square feet, an indoor and outdoor terrace lounge ideal for events and gatherings, a fitness wing, a luxurious plunge pool, and a library and conference center. These amenities are perfect for residents who enjoy remote work and require high-speed Wi-Fi and a large monitor screen for virtual meetings. With its impeccable design, this village raises the bar for modern living.

The showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings selected from RH (Restoration Hardware). The showroom is open Monday through Friday from 10 a.m. to 5 p.m., Saturdays from 11:00 a.m. to 3:00 p.m., and Sundays from 12:00 to 4:00 p.m. Located at 2990 Ponce de Leon Boulevard, Suite 101. Prospective buyers can also schedule an appointment by calling 786.833.6398.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.