Villa Valencia was recently highlighted on The Real Deal article titled “South Florida by the numbers: Spotlight on Coral Gables.<\/p>\n
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\u201cSouth Florida by the numbers\u201d is a web feature that catalogs the most notable, quirky and surprising real estate statistics.<\/em><\/p>\n <\/p>\n Time waits for no town, even one bold enough to call itself \u201cThe City Beautiful.\u201d Coral Gables is in the midst of a dramatic overhaul; transforming it from an old-fashioned neighborhood into a fresh, modern, walkable village, while maintaining its historic splendor. Obvious signs include the lovely pedestrian-friendly Giralda Plaza between Ponce de Leon Blvd and Galiano Street (featuring hip bars and restaurants), as well as a forest of construction cranes building new commercial, residential, and hotel offerings along Coral Gables\u2019 main thoroughfares. While many are excited for this long-awaited renovation, others are concerned that it is \u201ctoo much too soon,\u201d and could threaten the legacy of a city known for slow and strictly controlled development. We explore the changing face of Coral Gables in this edition of \u201cSouth Florida by the numbers.\u201d<\/p>\n <\/p>\n 3<\/strong>: Number of city blocks the massive, $600 million Plaza Coral Gables project will comprise once completed, spreading across 7 acres on Ponce de Leon Boulevard, just south of Miracle Mile. The project, the largest in Coral Gables history, will encompass 242 hotel rooms, 164 apartments and lofts, 160,000 square feet of retail, 445,000 square feet of office space and 2,000 parking spaces.\u00a0Miami Herald\u00a0<\/a><\/p>\n <\/p>\n $45 million<\/strong>: Construction loan secured by developer Rishi Kapoor to build Villa Valencia, one of many new condominium projects targeting buyers who are expected to downsize from homes in Coral Gables, South Miami, Coconut Grove and Pinecrest. Kapoor paid $16 million last year for the site at 515 Valencia Avenue, which will house 13 stories and 39 units once completed.\u00a0TheRealDeal\u00a0<\/a><\/p>\n <\/p>\n $68 million<\/strong>: Listing price of a Coral Gables mansion headed for auction in March, expected to become one of the highest-priced residential sales in Miami-Dade County history. The 14,000-square-foot, nine-bedroom, nine-and-three-half-bathroom home has 574 feet of water frontage on a 1.24-acre lot. It features a protected canal dock that can accommodate a 200-foot-plus mega-yacht with a separate sewer system and fresh water filling station. The home also has an outdoor summer kitchen, pool and separate captain\u2019s quarters adjacent to the dock.<\/p>\n <\/p>\n