Four mixed-use developments totaling 407 residential units are actively tracked in Coral Gables, Florida, with three projects already under construction and a fourth announced as of early October 2026.

What projects are under construction in Coral Gables right now?

Three Coral Gables mixed-use developments broke ground before October 2026: Ponce Park (58 units, developed by Allen Morris Company), Alhambra Parc (74 units, developed jointly by MG Developer and Vertical Developments), and CORA Merrick Park (74 units, a collaboration between Constellation Group and Boschetti Group). A fourth project, Ponce 8 — a 201-unit development by Shoma Group — has been announced but is not yet under construction.

  • Ponce Park: 58 units, Allen Morris Company
  • Alhambra Parc: 74 units, MG Developer and Vertical Developments
  • CORA Merrick Park: 74 units, Constellation Group and Boschetti Group
  • Ponce 8: 201 units, Shoma Group (announced, construction pending)

When are these Coral Gables developments expected to open?

Most of the four projects are targeting completion in 2028, meaning Coral Gables residents could see the bulk of these 407 new units enter the market within roughly two years. The compressed timeline across multiple simultaneous projects signals that developers view the Coral Gables market as strong enough to absorb significant new supply in a short window.

Which Coral Gables neighborhoods are seeing the most pressure?

Development activity is concentrated in two distinct Coral Gables submarkets: Downtown Coral Gables, anchored by the Ponce de León Boulevard corridor, and the Merrick Park submarket to the south. CORA Merrick Park's location near the Village of Merrick Park retail district adds a luxury residential layer to an area already defined by upscale shopping, while Ponce Park and Ponce 8 intensify density along the city's main commercial spine.

  • Downtown Coral Gables corridor hosts Ponce Park and the 201-unit Ponce 8
  • Merrick Park submarket hosts CORA Merrick Park, adjacent to the Village of Merrick Park
  • Alhambra Parc adds density near the Alhambra Plaza commercial node

What does this development wave mean for Coral Gables' urban character?

The simultaneous activation of four mixed-use projects reflects sustained investor confidence in Coral Gables as a high-demand urban market, even as South Florida broadly contends with affordability pressures and rising construction costs. The pipeline's concentration in walkable, transit-adjacent corridors suggests developers are betting that Coral Gables' Mediterranean-revival streetscape and proximity to Metrorail's Douglas Road and Coconut Grove stations remain powerful draws for prospective residents.

Original market data and project tracking were reported by OFTMW Development Tracker.