MMG EQUITY PARTNERS FURTHERS EXPANSION INTO RESIDENTIAL SECTOR WITH
APPROVALS FOR MIXED-USE RETAIL AND RESIDENTIAL DEVELOPMENT IN WEST KENDALL
Leading Retail Owner and Developer Leverages Expertise to Deliver Coral Nest Mixed-Use Community with 38 Luxury Townhomes and 24,536 SF of Retail
MIAMI (Feb. 25, 2025) – MMG Equity Partners has received zoning and land use approvals from Miami-Dade County for Coral Nest, a mixed-use retail and townhome development at the northwest corner of Southwest 26th Street/Coral Way and Southwest 144th Avenue in West Kendall, Miami. The Miami-Dade County Commission unanimously approved the project on Feb 20th. The firm plans to break ground in the third quarter of this year.
This thoughtfully designed 6.5-acre project features 24,536 square feet of prime retail space on the front 3.5 acres along Coral Way; it will include an Supermarket and a quick service restaurant. The 38 luxury two-story townhomes will be situated on the rear three acres, which complement the retail on the front and the single-family homes bounding the site. MMG has partnered with C4 Legacy Builders Group, led by Pedro Hernandez, for the development of the residential portion.
Coral Nest will offer a range of spacious, contemporary three- and four-bedroom residences ranging from 1,885 to 2,039 square feet with eight 3-bed/2.5-bath units, 22 4-bed/2.5- bath units, and eight 4-bed/3-bath units, all with garages. The luxury townhomes will start at $650,000 range with pre-sales commencing in the third quarter.
“This project is a testament to MMG’s community-centric ethos, and the approvals today are a a product of working together with the local community,” stated Marcos Puente, principal acquisitions and development, MMG Equity Partners. “After a year of deliberate and collaborative efforts, we are happy to move on to the next steps to deliver this quality project to the West Kendall neighborhood.”
The development is situated in a higher income suburb of Western Miami Dade County; nearby amenities include a number of highly rated schools within the immediate neighborhood, a high-volume Publix-anchored shopping center, popular local bar and eateries Finka Table & Tap and Vice City Pizza, and the brand new Baptist Emergency room directly across the street. The project is only minutes away from the 836 Dolphin Expressway 137 th Avenue exit.
This project is part of the MMG’s strategic expansion into the residential sector. As a recognized leader in retail development, the firm has a proven track record of successful execution in commercial real estate. This natural progression into mixed-use and multifamily development aligns with evolving market demands. With a deep understanding of retail dynamics, MMG is uniquely positioned to integrate residential and commercial components seamlessly, ensuring a symbiotic relationship that benefits both residents and businesses. The firm is currently working on multifamily developments in North Miami, Plantation, and Homestead.
“While retail will remain a core focus for us, a significant portion of our efforts today are focused on multifamily and mixed-use development,” stated Gabriel Navarro, managing partner, MMG Equity Partners. “In several instances, the projects entail adding a residential component adjacent to shopping center we already own. At others, we are demolishing older or obsolete retail to achieve the property’s highest and best use.”
About MMG Equity Partners
MMG Equity Partners is a privately-owned real estate investment company focused on long-term ownership,
management, development, and acquisition of commercial properties in Florida. MMG is also the sole owner
and developer of Tamarack Resort, a four-season and ski resort master planned for 2,200 residential units
in Idaho. Prior to MMG, its principals led Navarro Discount Pharmacies. For more information about MMG
Equity Partners, please visit www.mmgequitypartners.com
About C4 Legacy Builders
Founded as a full-service construction company specializing in new residential developments. C4 Legacy
Builders Group brings over 25 years of experience in delivering upscale single-family and multifamily home
communities, along with mixed-use projects that seamlessly integrate retail and residential spaces. C4
Legacy Builders' highly skilled team of professionals honors and elevates the character of neighborhoods by
creating homes that leave a lasting legacy for families. Working closely with architects, designers,
engineers, and permitting officials, C4 Legacy Builders expertly navigates every stage of the development
process from due diligence to project delivery. C4 Legacy Builders' unwavering commitment to innovation,
exceptional craftsmanship, and sustainable practices ensures that every project exceeds client expectations
and also enriches communities while establishing enduring legacies.
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