Villa Valencia’s Developer In Bisnow
December 19, 2019.
Villa Valencia developer and CEO of Location Ventures, Rishi Kapoor was featured in Bisnow Predictions For South Florida CRE In 2020.
From the article:
So 2019 is drawing to a close, having given the world of commercial real estate things we expected – like a booming industrial market – and things we didn’t (WeWork and opportunity zones were among the greatest flops of the decade). Bisnow asked some South Florida real estate pros what 2020 may bring. Here are their thoughts:
Rishi Kapoor, CEO, Location Ventures:
“Pointing to various indicators, the fortress submarkets of Miami’s luxury condo inventory are the prominent choice in 2020, compared to areas of oversupply. Foreign buyers will remain a challenge, despite promising pockets from target countries in Latin America; the true stability is in the end-user, who traditionally purchases a primary residence rather than investment product, and is more likely to focus on lifestyle moves in the market. This is why more protected submarkets, such as Coral Gables, will be a strategic play, as we’re seeing a wave of retirees or empty nesters, coupled with growing families, seeking to place roots in a neighborhood with a thriving business environment, limited top-tier condo product and a historic record for stability.”
Located on the private side of Coral Gables at 515 Valencia Avenue, the building’s estate-sized residences will range from three to six bedrooms ranging from 2,616 – 6,263 square feet and start at $1.65 million, with finishes selected to bring contemporary style and timeless craftsmanship into perfect harmony. The development will rise 13 stories and feature open floor plans with 10-foot ceilings, 10-foot exterior sliding doors, 8-foot European wood interior doors, impact-glass door and window systems and more, with views of the city and golf course. This first-of-its-kind project in the area is anticipated to be move-in ready by summer 2021.
Situated on the private side of Coral Gables, Villa Valencia features thirty-nine luxury condominium residences that offer a rich city lifestyle with the privacy of the boutique living. The residences at Villa Valencia, each with at least one corner exposure, rise to 13 stories, crowned with two lower penthouse levels and one grand penthouse in the sky.
A sense of place. An air of history. A feeling of belonging. No other residential experience in South Florida provides all of this quite like Villa Valencia. In the heart of Coral Gables – a deeply rooted community of exceptional beauty and wonderful people – a unique lifestyle offering is taking shape.
Read more from the article here.