Discover the Lifestyle of Alhambra Parc Homes

Alhambra Parc is a new mixed-use condominium development planned for 33 Alhambra Circle in Downtown Coral Gables. Developed by MG Developer in partnership with Vertical Developments, the project combines residences with ground-floor retail and office space in a location just a few blocks from Miracle Mile.

The building draws on the architectural character associated with Coral Gables while introducing contemporary residences, rooftop recreation, landscaped spaces, and services designed for condominium living. Buyers exploring Alhambra Parc Homes for Sale will find a pre-construction option within walking distance of many of Downtown Coral Gables’ restaurants, shops, offices, and cultural destinations.

About Alhambra Parc

Alhambra Parc is planned as an eight-story mixed-use development with 74 condominium residences. The project is designed by Bellin Pratt & Fuentes Architects, with residential interiors by Carlos Guevara and amenity spaces by Raymond Nicolas principal Ray Jimenez.

The condominium collection includes one-, two-, and three-bedroom configurations as well as penthouse residences. Floor plans incorporate terraces or balconies, high ceilings, contemporary kitchens, and large windows that bring natural light into the living spaces.

Beyond the residential portion of the property, Alhambra Parc is planned with nearly 18,000 square feet of retail space and approximately 13,768 square feet of office space. This mixed-use format connects the building with the commercial character of Downtown Coral Gables rather than functioning as an isolated residential tower.

History of Alhambra Parc

Alhambra Parc represents another Coral Gables project from MG Developer, a firm with several residential developments throughout the city. MG Developer acquired the approximately 1.1-acre development site at 33 Alhambra Circle in 2022 and later partnered with Vertical Developments on the project.

Pre-construction sales launched in 2025. The project reached another significant milestone in June 2026 when the development team secured a $100 million construction loan from Benmark Capital, with Berkadia arranging the financing.

Earlier development and marketing materials described Alhambra Parc as having 78 residences. More recent financing information associated with the construction plan identifies 74 condominiums, reflecting an updated residence count as the project moves toward construction.

Amenities

Alhambra Parc is planned with indoor and outdoor amenity spaces spread throughout the property, including extensive rooftop recreation.

Planned amenities include:

• Two rooftop decks
• Resort-style swimming pool
• Spa
• Fitness and wellness center
• Yoga garden
• Paraiso Garden
• Outdoor kitchens
• Private ground-level park
• Residents’ lounge
• Clubhouse
• Coworking and business spaces
• Children’s play area
• Landscaped green spaces
• Valet parking
• 24-hour concierge service
• Package storage

The Downtown Coral Gables location adds another layer to the setting. Miracle Mile and the surrounding streets provide restaurants, cafés, shops, galleries, offices, and entertainment within the broader neighborhood, while additional parks and recreational destinations are found throughout Coral Gables.

Key Details

• Community type: New mixed-use condominium development
• Property type: Condominiums
• Address: 33 Alhambra Circle, Coral Gables, Florida 33134
• Planned residences: 74
• Building height: Eight stories
• Bedrooms: One- to three-bedroom residences, plus penthouses
• Developer: MG Developer and Vertical Developments
• Architect: Bellin Pratt & Fuentes Architects
• Residential interiors: Carlos Guevara
• Amenity design: Raymond Nicolas
• Retail space: Nearly 18,000 square feet
• Office space: Approximately 13,768 square feet
• Development status: Pre-construction
• Construction financing: $100 million construction loan secured in June 2026
• Location: Downtown Coral Gables near Miracle Mile
• Major nearby roads: Alhambra Circle, Ponce de Leon Boulevard, Miracle Mile/Coral Way, Le Jeune Road, and US-1

Condominium association fees and final operating costs should be confirmed through current sales and condominium documents as the development progresses.

Nearby Communities

Giralda Place is an established nine-story condominium and mixed-use development at 275 Giralda Avenue in Downtown Coral Gables. With 33 residences and a central location near restaurants, shops, and Miracle Mile, it provides a useful existing-building comparison for buyers considering Alhambra Parc.

The George Residences is a boutique collection of 13 townhomes on Valencia Avenue in Coral Gables. Its low-density format offers a different residential experience from Alhambra Parc while maintaining convenient access to the city’s central shopping, dining, and recreational destinations.

Work with Echo Fine Properties

Explore Alhambra Parc as the development moves toward construction, or compare available and upcoming residences throughout Coral Gables with Echo Fine Properties. The team can help buyers review current availability and evaluate Alhambra Parc alongside other condominium and townhome options in the city.

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