A new Coral Gables real estate project is in the pipeline. In fact, Codina Partners is looking to start site preparation this year for a brand new luxury project. It will be aimed for those looking to “right-size.” The new project, Regency Tower Coral Gables, will be located between Valencia and Almeria Avenues.
Codina got the land back in October. This new Coral Gables real estate project will feature an undetermined number of two to five bedroom units. In fact, they will range from 1,500 to 10,000 square feet. However, most will be around 2,000 square feet.
The new complex will feature conventional units that can be leased annually. In addition, it will also feature “Sky Homes” which will feature leases of five to ten years. These Sky homes will range from 3,000 to 10,000 and will occupy the top five floors of the building.
The target market for this new project is “empty nesters.” It will present an alternative to a traditional condominium while still maintaining regular services and amenities. A second market is those looking to relocate to Miami.
This brand new luxury condo will feature a restaurant, a “Zoom room,” a medical room, dog walking service, dog spa, gym, movie theater, lap pool, club room, and more.
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