# MG Developer

> MG Developer is a Coral Gables real estate firm founded in 2014 by Alirio Torrealba, a former Venezuelan auto-dealership magnate who traded showrooms for construction sites. The company builds boutique, Spanish Colonial-inspired condos and townhomes that echo the city's 1920s founder, George Merrick - and has quietly grown into a South Florida pipeline worth more than $500 million, from luxury Coral Gables residences to 900-plus transit-oriented apartments in Hialeah.

- **Founded:** 2014
- **Headquarters:** Coral Gables, Florida, United States
- **Founders:** Alirio Torrealba (Founder & CEO)
- **Team size:** About 32 employees
- **Products:** Biltmore Parc, The Village at Coral Gables, The George, Metro Parc & Metro Parc South (Hialeah), Biltmore Square collection
- **Notable:** Grew from a single 32-unit condo (Biltmore Parc) to a South Florida pipeline exceeding $500 million in roughly a decade, The Village at Coral Gables reached 60% sold and topped off ahead of schedule, Completed eight projects to date

## Products & services

- **Biltmore Parc** — The company's first project: a five-story boutique condominium near the Biltmore Hotel with 32 Mediterranean-inspired residences priced roughly $1.2M-$2.0M, designed by Bellin & Pratt.
- **The Village at Coral Gables** — A 48-residence community at 504/508 Malaga Avenue - townhomes, lofts, villas and flats inspired by George Merrick's Spanish Colonial architecture, designed by De La Guardia Victoria Architects & Urbanists. Reached 60% sold and topped off ahead of schedule; prices from about $2.2M.
- **The George** — A 13-unit luxury townhome development at 717 Valencia Avenue in Coral Gables, backed by a $39M construction loan in 2025.
- **Metro Parc & Metro Parc South (Hialeah)** — Transit-oriented multifamily: Metro Parc is a two-tower, 559-unit project co-developed with Baron Property Group; Metro Parc South adds a 10-story, 347-unit building backed by a $105M construction loan.
- **Biltmore Square collection** — A cluster of boutique Coral Gables residences including Beatrice Row, Biltmore Row, Althea Row and The Ponce, extending the Biltmore-area design language.
- **Alhambra Parc** — A Coral Gables mixed-use development co-developed with Vertical Developments, backed by a roughly $100M construction loan.

## Achievements

- Grew from a single 32-unit condo (Biltmore Parc) to a South Florida pipeline exceeding $500 million in roughly a decade
- The Village at Coral Gables reached 60% sold and topped off ahead of schedule
- Completed eight projects to date
- Alirio Torrealba named Business Leader of the Year by the Coral Gables Chamber of Commerce
- Featured in Miami Today's Book of Leaders (2025)
- MG Foundation donated $2 million to modernize the emergency room at Baptist Health Doctors Hospital

## Latest updates

- **2026-06** — MG Developer and Vertical Developments secured a roughly $100M construction loan for the Alhambra Parc mixed-use project in Coral Gables.
- **2025-09** — The Real Deal profiled Torrealba as MG Developer's South Florida pipeline surpassed $500 million.
- **2025-07** — Landed a $39M construction loan to build The George, 13 townhomes on Valencia Avenue.
- **2025-04** — Secured a $105M construction loan for the 347-unit Metro Parc South in Hialeah; groundbreaking scheduled for Q2 2025.
- **2024-11** — The Village at Coral Gables reached 60% sold and topped off ahead of schedule.

## Links

- Website: https://mgdevelopermiami.com
- LinkedIn: https://www.linkedin.com/company/mg-developer
- Twitter/X: https://twitter.com/mg_developer
- Facebook: https://facebook.com/mgdevelopercoralgables

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Profile page: https://yespress.io/mg-developer
Published by YesPress — https://yespress.io
Last updated: 2026-08-19