The Final Piece of the Gables: MG Developer Secures $41M for Ultra-Luxury Townhomes at The George
Source: MG Developer
Reported By: Caroline Dalal
A Landmark Legacy Nears Completion
MG Developer is writing the final chapter in Coral Gables’ most elegant residential story. With a $41 million construction loan secured from Pine Bay Capital, the Miami-based developer is set to bring The George—the culminating development in its acclaimed Biltmore Square series—to life.
Located at 717 Valencia Avenue, The George is more than just an address. It's a deeply considered homage to George Merrick, the founder of Coral Gables, envisioned as a sophisticated architectural tribute that bridges timeless Mediterranean style with present-day grandeur. With 13 ultra-luxury townhomes, the development promises to raise the bar yet again for Coral Gables real estate.
A Team Tailored for Distinction
In true MG Developer fashion, The George brings together a best-in-class team of visionaries, each renowned for their work at the intersection of luxury, heritage, and innovation.
Architecture: Maria de la Guardia of De la Guardia Victoria Architects & Urbanists
Interiors: Nina Takesh, known for her refined global aesthetic
Sales & Marketing: Led by Ryan Serhant and his SERHANT. New Development division
“This financing milestone reaffirms our belief in the timeless vision behind The George. With world-renowned broker Ryan Serhant and his team leading sales, interiors by Nina Takesh, and architecture by De la Guardia Victoria Architects & Urbanists, we've assembled a best-in-class team that reflects a continued love and contribution to the legacy of Coral Gables and its founder.”
Alirio Torrealba, CEO of MG Developer
The Art of Living Well in Coral Gables
Over the past decade, MG Developer has steadily reshaped the city’s luxury housing landscape with award-winning projects like Beatrice Row, Biltmore Row, and The Village at Coral Gables. Each has elevated the neighborhood’s architectural identity, blending historic inspiration with modern indulgence.
The George will continue that legacy, offering:
Residences over 5,000 square feet in size
Ceiling heights up to 12 feet and sculptural staircases with skylights
Custom Italian millwork, solid mahogany windows and doors, and marble countertops
Smart home integration, including custom automation for lighting, sound, and security
Premium appliance packages from Subzero, Wolf, and Waterworks
Outside, each home includes a 4-car garage, EV chargers, generator-ready systems, and beautifully designed loggias, summer kitchens, and private courtyards, ideal for entertaining under the South Florida sun.
Elevated Sales, National Reach
Sales for The George are now underway, led by Ryan Serhant, whose national media presence and global clientele bring a distinct layer of prestige to the project.
“This is one of the most architecturally significant and emotionally compelling projects our team has encountered,” said Serhant, CEO of SERHANT. “The George is the final jewel in the Biltmore Square legacy, and we are honored to represent it. It’s a rare opportunity to own a piece of Coral Gables luxury that elegantly defines its future.”
Residences start at $5.9 million, with total projected sales expected to reach $90 million. Completion is scheduled for Q2 2027.
More Than a Home—A Statement
By placing the final jewel in its Biltmore Square crown, MG Developer isn’t just building homes—it’s shaping the next chapter of Coral Gables’ legacy. As historic charm meets cutting-edge functionality, The George represents a future that’s as rooted in craftsmanship as it is in quiet, enduring luxury.