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1505 Ponce
A subdivision of Coral Gables.
Total Homes : 87
Gated : No
Club Membership : No
No-Fee Community : No
1505 Ponce Map
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Discover the Lifestyle of 1505 Ponce Homes
1505 Ponce is an approved mixed-use condominium development planned along Ponce de Leon Boulevard in Coral Gables. The approximately 1.6-acre site occupies the southeast corner of Ponce de Leon Boulevard and Menores Avenue, placing it along the North Ponce corridor with convenient access to Downtown Coral Gables, Miracle Mile, Giralda Plaza, restaurants, shops, offices, and public transportation.
The approved concept calls for a 16-story residential building with 80 condominium residences and seven live-work units, complemented by retail, landscaped open space, and pedestrian-oriented improvements at street level. Buyers following 1505 Ponce Homes for Sale should consider the project a future development rather than an active new-construction sales opportunity, as its development timeline has been interrupted since the original approvals were secured.
About 1505 Ponce
1505 Ponce encompasses property at 1505 Ponce de Leon Boulevard along with 122 and 126 Menores Avenue. The approved development plan combines condominium residences with live-work units and commercial space in a mixed-use setting.
The residential program was deliberately planned at a lower density than the maximum that could have been pursued on the site. The approved concept includes 80 conventional condominium residences plus seven live-work units, for a total of 87 residential units.
The building was designed at 16 stories, with the tower positioned away from the Ponce de Leon Boulevard frontage to create additional open space along the street. The project also incorporates landscaped areas intended to strengthen the pedestrian connection between the development and the surrounding North Ponce neighborhood.
The site is served by the Coral Gables Trolley along Ponce de Leon Boulevard, providing another transportation option for reaching destinations throughout the city.
History of 1505 Ponce
The 1505 Ponce property has been considered for redevelopment for more than two decades. An earlier plan known as The Plaza at Coral Gables received approvals in the 2000s for a mixed-use project incorporating residential and commercial uses, but that development was not built.
A substantially different 1505 Ponce proposal emerged in 2022. The City of Coral Gables approved the Planned Area Development and mixed-use site plan in July of that year, allowing the 16-story residential and commercial concept to move forward. Additional approvals involving transferable development rights followed later in 2022.
The approximately 1.6-acre property was subsequently acquired for about $35.6 million in late 2022. At that stage, plans called for 80 condominium residences, seven live-work units, retail space, landscaped open areas, and improvements along Ponce de Leon Boulevard.
The development did not advance into construction as originally anticipated. The original developer’s involvement ended amid broader financial difficulties, and the property later became the subject of foreclosure litigation.
Because of that history, the 2022 approvals remain important for understanding the development potential and architectural concept at 1505 Ponce, but they should not be interpreted as confirmation of an active condominium launch. Future ownership or development activity could result in changes to the project before construction begins.
Amenities
The approved 1505 Ponce plans contemplated a residential amenity program along with substantial landscaped and public-facing open space. Planned features included:
- Swimming pool
- Pool deck and outdoor lounge areas
- Fitness facilities
- Resident social and gathering spaces
- Landscaped terraces
- Approximately 30% of the site devoted to open space
- Landscaped pedestrian areas along Ponce de Leon Boulevard
- Ground-floor commercial and restaurant-oriented space
The commercial spaces and public-facing landscaped areas are components of the mixed-use development rather than private condominium amenities.
The location also puts the site close to Downtown Coral Gables destinations such as Miracle Mile, Giralda Plaza, restaurants and shops along Ponce de Leon Boulevard, and the city’s network of parks and public spaces. A Coral Gables Trolley stop along the corridor provides public transportation through the surrounding area.
Key Details
- Community type: Future mixed-use condominium development
- Property type: Condominiums and live-work residences
- Address: 1505 Ponce de Leon Boulevard, Coral Gables, FL 33134
- Additional property: 122 and 126 Menores Avenue
- Site area: Approximately 1.6 acres
- Approved building height: 16 stories
- Approved condominium residences: 80
- Approved live-work residences: 7
- Total approved residential units: 87
- Original 2022 developer: Location Ventures
- Original architect: Hamed Rodriguez Architects
- City approval: 2022
- Development status: Approved concept; not currently established as an active condominium sales program
- HOA/condominium fees: Not established for an active sales program
- Gated status: Not identified as a gated community
- Club membership: No required club membership established
- Transit: Coral Gables Trolley service along Ponce de Leon Boulevard
- Major nearby roads: Ponce de Leon Boulevard, Douglas Road, Le Jeune Road, Coral Way, and SW 8th Street
Nearby Communities
Villa Valencia is an established boutique condominium community at 515 Valencia Avenue and is covered by Echo Fine Properties. Its contemporary residences and location near Downtown Coral Gables make it a useful existing comparison for buyers interested in newer boutique condominium living near the Ponce corridor.
Gables Plaza is an established condominium community in Coral Gables and is covered by Echo Fine Properties. It provides another existing ownership option for buyers comparing condominium properties around the central Coral Gables area.
Biltmore Parc is a boutique condominium community at 718 Valencia Avenue and is covered by Echo Fine Properties. Its location near the Biltmore and central Coral Gables provides an established alternative while the future of 1505 Ponce continues to develop.
Work with Echo Fine Properties
Follow 1505 Ponce for future development, ownership, construction, and residential sales updates while exploring established condominium opportunities throughout Coral Gables with Echo Fine Properties. Our team can help you compare current listings with future projects along the Ponce de Leon Boulevard corridor.
1505 Ponce Homes for Sale FAQs
Where is 1505 Ponce located?
1505 Ponce is located at 1505 Ponce de Leon Boulevard at Menores Avenue in Coral Gables. The site is along the North Ponce corridor, north of the city’s central business district and Miracle Mile. Restaurants, shops, offices, Downtown Coral Gables, and trolley service are accessible from the surrounding area.
How many residences are planned at 1505 Ponce?
The approved 2022 development concept includes 80 condominium residences and seven live-work units. That creates a total approved residential program of 87 units within a 16-story mixed-use building. These figures describe the approved concept and could change if a future developer revises the project.
Is 1505 Ponce under construction?
1505 Ponce should not currently be considered an active condominium construction project. Although Coral Gables approved the mixed-use development in 2022, the original development effort later stalled and the property became involved in foreclosure proceedings. Future development activity will depend on the property’s ownership, financing, permitting, and any revisions to the approved plans.
What amenities are planned at 1505 Ponce?
The approved concept contemplated a pool, fitness facilities, resident gathering spaces, landscaped terraces, and substantial open space. Ground-floor commercial uses and landscaped pedestrian areas were also incorporated into the mixed-use plan. Because the project has not moved forward under its original development schedule, the final amenity package should be confirmed if a new residential program is launched.
Will condos at 1505 Ponce be available for sale?
The approved plan calls for condominium residences, but an active sales launch has not been established. Pricing, floor plans, condominium fees, deposit requirements, and completion dates should not be assumed from the earlier development proposal. Those details will need to be confirmed if and when 1505 Ponce moves forward under an active development and sales program.
