Alhambra Parc Coral Gables: 33 Alhambra Circle Condos

Coral Gables has a neighborhood guide on my site, but until now it had no building pages. Alhambra Parc is where I am starting, because it is a new downtown project that has just moved from announcement to construction financing.

What Alhambra Parc is

Alhambra Parc is a mixed-use project at 33 Alhambra Circle in downtown Coral Gables. The reported plan is eight stories on a site of about an acre, with condominium residences alongside retail and office space in the same building. The developers are MG Developer and Vertical Developments. The architect is Bellin & Pratt Architects, interior design is by Carlos Guevara, and the amenity spaces are designed by Ray Jimenez of Raymond Nicholas.

Scale matters here. Eight stories is not a Brickell tower. For buyers who want a new building in Coral Gables without a high-rise feel, that is the point.

Where it stands today

In June 2026, the developers closed a construction loan of $100 million with Benmark Capital, arranged by Berkadia, as reported by The Real Deal, Florida YIMBY, Commercial Observer and others. Financing is a real milestone, but it does not guarantee a delivery date, and I am not going to give you one. No completion date has been confirmed in the coverage I have seen.

One thing I want you to know up front. Published sources disagree on the residence count. Recent coverage says 74 residences, while earlier marketing materials cite 78. Mixes and counts often shift as a project is refined, so before you rely on any number, I will confirm the current plan directly with the sales team.

The residences and amenities

The residences are reported as one, two and three bedroom homes plus penthouses, with terraces. Marketing materials describe two rooftop decks with a pool, spa and outdoor kitchens, a garden space, a fitness center, a business center with coworking space, a residents’ lounge and a children’s playroom. As with any pre-construction project, amenities are a plan, not a promise, and they can change as the design is finalized.

Why Coral Gables, and why this location

Alhambra Circle sits close to the Miracle Mile and the restaurants and offices of downtown Coral Gables. If you want to walk to dinner, work close by, and still be minutes from the University of Miami and Coconut Grove, that is the appeal. My Coral Gables neighborhood guide goes deeper on what living here is like day to day.

Coral Gables has a strong sense of its own character, and new condo projects in its downtown are not something you see every year. That is part of why I am tracking this one.

Who it makes sense for

Buyers who want a primary residence or a second home in Coral Gables with a modern building and a manageable scale. Buyers moving from Europe or Latin America who want a quiet, established, tree-lined city rather than a beach or a financial district. And buyers who like pre-construction and are comfortable waiting while the building goes up.

It may not suit you if you need to move in soon, or if you want a waterfront view. I will tell you honestly if I think another building fits your goal better.

How I help you buy here

The project is sold by ONE Sotheby’s International Realty. I want to be clear that I am not the listing broker, and I will confirm what access and buyer-side arrangements I can offer you before you commit to anything. What I can do is represent your interests as a buyer: compare this building to others in Coral Gables and across Miami, read the purchase contract and deposit schedule with you line by line, and connect you with a mortgage broker, a CPA and a real estate attorney who work with international clients.

If you are buying from abroad, start with my guides on how to buy Miami real estate as a foreign national and financing a Miami property as a non-resident. I can also run the whole process in French or Spanish.

If you are comparing Coral Gables with a more urban option, my Brickell pre-construction page covers that side of the market.

Let’s talk

Call or WhatsApp me at (786) 238-0927, or email julien@luxemiamirealty.com. Tell me what you want from a Coral Gables home, and I will tell you plainly whether Alhambra Parc is worth your time.

A note on the financing, deposit and ownership topics above: I am a licensed real estate agent, not a CPA, tax advisor, or attorney. This page is general information, not tax, legal, or financial advice, and it creates no liability for me or Luxe Miami Realty. Pre-construction terms, deposit schedules, timelines and pricing are set by the developer and change often, and every situation is different, so please confirm the specifics with the developer and anything tax or legal with a qualified CPA and attorney before you act. I am glad to connect you with trusted professionals in my network.