The Venetian Coral Gables is a project that was intentionally put on the back-burner when real estate slowed-down in Miami.
The developer/builder opted to weather-out the downturn, rather than accept reservations on the Venetian Coral Gables. He postponed the start of construction, opting to wait for the real estate market to bottom out. I think it was wise to wait. The idea was to have the Venetian be very high-end … with every upgrade and amenity possible. Starting constuction as the domestic real estate market was feeling the pinch, seemed unwise.
So many of the construction projects that were slated to be built in Miami a couple of years back were ditched… or forced into using lower end finishes … They sat empty… or teetered on or fell into either foreclosure or short sale.
The end result is that there are very few upscale townhouse/villa options in existence now in Miami… yet many buyers looking at upscale townhomes as the ideal.
We have gotten so many calls over the past couple of months, from both buyers and agents, looking finished townhomes and villas in Miami … If the Venetian was already built, we could have sold them easily. But it’s not. This is a pre-construction project … open now to taking reservations.
Most of the calls I’ve gotten want completed projects…ready to move in. The Venetian hasn’t yet started construction, nor have we broken ground. There is a distinct lack of luxury townhomes in Coral Gables … We are getting calls for finished luxury townhomes … and don’t have any to speak of ( in Coral Gables or in Miami!). They simply don’t exist.
It’s a shame that so many of the projected high-end townhouse projects were discontinued and abandoned. I am hoping that by opening up the Venetian now for buyers to reserve pre-construction , that we can move forward on this… If you are pondering real estate, and where the market is headed, and thinking about selling your home and downsizing… but this not being the ideal environment for that … perhaps this might be an option. If buying at pre-construction pricing is something you might like to explore, or if you think moving from a single family home into something less problematic that would allow you more freedom to pack up lock up and travel…. will you call me please? Or send me a note here.
The Venetian Coral Gables was a GREEN pre-construction project of luxury villas to be built in the heart of residential Coral Gables, slated for occupancy in 2012. And by the looks of it, we anticipate pushing occupancy 2013…. We look forward to breaking ground as the economy turns the corner… and in the meantime now opening this to pre-construction pricing to buyers who would like to reserve a villa.
The Venetian Coral Gables will be on Sevilla, near the Biltmore … at the south edge of the historic Venetian Pool. The views will be of the courtyards, the tree canopy, the historic Venetian Pool, and the Biltmore Hotel. And each of the villas will be unique and different, with open free-flowing interiors, terraces and balconies … and private outdoor utilizable rooftops for relaxing and entertaining.
There will be 20 villas in total, each of them 4 stories high, with individual private residential elevators. Each will be completed and finished by the developer… with stone flooring throughout … They will NOT be “decorator ready”. Most new construction projects come ‘decorator ready’…. but not the Venetian. “Decorator Ready” is a fancy way of saying “without flooring or finished interior paint” … which means that the buyer has to pay additional amounts for flooring, interior paint, and finishes. The term has always struck me as rather odd.
No… the Venetian townhomes will notbe decorator ready. (Thank goodness!) Each of the villas will be finished to the nines…. many of them will have fireplaces, wine cellars… entertainment areas … and all will have stone floors… and top of the line finishes. All will have open stairwells, and a sleek, modern look, impact windows and doors, private 2-3 car garages (individual for each townhome). As a buyer, the only thing you might possibly want to add might be a rooftop spa tub or possibly a generator. (Each of the townhomes will come generator ready… and with plumbing in place for the outdoor spa as well.)
Kitchens and baths will all be Italian designed … with top of the line appliances from Miele and SubZero. Mia Cucina in Miami is installing them… and as a buyer, you will have design options and choices so as to have whatever design/color you prefer. On the rooftop level, there will be a pergola and an outdoor summer kitchen. Also on the rooftop level will be indoor entertainment areas … and guest powder room.
There will be 7 Villa designs/floorplans, each ranging from 3,500-3,800 square feet (under air), with additional outdoor terraces and balconies, literally everywhere you look. The enclave is the brain-child of architects Bellin and Pratt… with their European lifestyle design options for the high end consumer in Coral Gables. Each villa will be beautifully designed to appeal to the luxury buyer, with intricate attention to detail, quality, flow and finishes. Rooftop terraces with outdoor summer kitchens and optional jacuzzis will make for the quintessential Miami lifestyle, with luxurious entertaining, and private enjoyment of the inviting outdoor spaces. Each villa will have it’s own private elevator, a 2-3 car garage, be prewired for electronic control, and be natural gas generator ready … and each will be Green Certified and Energy Star Rated.
Please don’t hesitate to call either Vicki Restivo (305) 793-1365 or Alexandra Restivo (305) 632-0164 at EWM Realtors…. listing agents for the Venetian Coral Gables. There are so few options now in Miami to buy pre-construction … and if you are looking at the possibility of a townhouse/villa as an alternative to condo living… and thinking that it might be nice to untangle yourself somewhat from having to maintain and oversee a home and grounds and all that that entails …. (without feeling confined by condo living) … we would be pleased to chat with you about The Venetian Coral Gables Villas. Moving into a condo is not for everyone…. and I for one certainly understand that. Reserving a villa, pre-construction, might provide option to explore … Pricing for the finished units will run from $1.675.000 to $1.975.000.
You’ll be in the heart of historic, residential Coral Gables… with that ‘walkability’ factor…. and the lifestyle that affords. If you’re thinking about being able to travel more… come and go as you please… downsize but still have space to breathe … and enjoy the luxury you’re accustomed to… we would be delighted to talk with you more about the Venetian. Reserving pre-construction, would let you ride the real estate market out for a while … and wait a bit before listing and selling the property you’re currently living in. It’s an option that might just work … Please don’t hesitate to call. Alexandra and I would love to talk with you …
