Under Construction

Alhambra Parc

Alhambra Parc is an eight-story mixed-use development at 33 Alhambra Circle in downtown Coral Gables, steps from Miracle Mile.

Official Website
2028
Completion
74
Units
8
Floors
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Details

33 Alhambra Circle, Coral Gables. 8 floors and 74 residences. Completing 2028. Financed with $100M from Benmark Capital in June 2026.

Residences

One- to three-bedroom residences of 860 to 2,800 square feet. 2 penthouses. 10-foot ceilings.

Amenities
  • Art collection
  • Bar
  • Cabanas
  • Co-working
  • Concierge
  • Conference room
  • Fitness center
  • Garden
  • Kids club
  • Library
  • Outdoor kitchen
  • Park
  • Pool
  • Residents' club
  • Rooftop pool
  • Sauna
  • Spa
  • Steam room
  • Sun deck
  • Yoga studio
The story so far
Announced May 2024Plans filed for an 8-story Mediterranean-style mixed-use development at 33 Alhambra Circle in Coral Gables
floridayimby.com
Sales launched Feb 2025Sales launched Feb 2025 (from $1.1M, ONE Sotheby's); unit count corrected 74→78 per The Real Deal / PROFILEmiami
therealdeal.com
Broke ground 2026 est.
Financing secured Jun 2026$100M three-year construction loan from Benmark Capital, arranged by Berkadia; 22 units presold for $41.9M
commercialobserver.com
22 residences presold Jun 202622 of the 74 condos presold for a combined $41.9 million, per Commercial Observer
commercialobserver.com
Under construction
Expected opening 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 16, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

Alhambra Parc is an eight-story mixed-use development at 33 Alhambra Circle in downtown Coral Gables, steps from Miracle Mile. Developed by MG Developer and Vertical Developments with architecture by Bellin & Pratt, the project pairs 74 luxury one-, two-, and three-bedroom residences with roughly 18,000 square feet of ground-floor retail and about 14,000 square feet of office space. Amenity and common-area design is led by Raymond Jimenez with interiors by Carlos Guevara, delivering a boutique Mediterranean-inspired address in one of South Florida's most supply-constrained luxury submarkets.

Companies and contacts

Every firm on Alhambra Parc, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is Alhambra Parc located?

Alhambra Parc is located in Coral Gables.

When will Alhambra Parc be completed?

Alhambra Parc is under construction, with completion expected in 2028.

Who is developing Alhambra Parc?

MG Developer, Vertical Developments is the developer behind Alhambra Parc.

Who designed Alhambra Parc?

Alhambra Parc was designed by Bellin Pratt & Fuentes Architects.

How big is Alhambra Parc?

Alhambra Parc rises 8 stories with 74 residences.