Under Construction

Alhambra Parc

Coral Gables · Mixed-Use

Alhambra Parc is a landmark mixed-use development at 33 Alhambra Circle in downtown Coral Gables, Florida, and MG Developer's tenth project in the city.

Official Website
Last verified Jul 6, 2026
2.5 yrs to delivery
43%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2028
Completion
78
Units
8
Floors
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The story so far
Announced 2025 est.
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
Financing secured Jun 2026$100M construction loan closed June 2026 (Commercial Observer, TRD, Florida YIMBY); GFA estimated from 8 floors
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.
About the project

Alhambra Parc is a landmark mixed-use development at 33 Alhambra Circle in downtown Coral Gables, Florida, and MG Developer's tenth project in the city. The eight-story building pairs 74 luxury residences with roughly 13,000 square feet of office space and about 18,000 square feet of ground-floor retail, bringing a refined live-work-shop environment to the heart of the Gables. Developed by MG Developer with Vertical Developments, Alhambra Parc reflects the Mediterranean-influenced character of its surroundings while delivering contemporary boutique condominium living in one of South Florida's most prestigious downtowns.

Journal Coverage
Alhambra Parc has been covered in 1 article on Markets of Tomorrow.
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 78 residences.