The Avenue Hotel & Residences Coral Gables, a Parisian-inspired neo-classically designed boutique tower and hotel on San Lorenzo Avenue in Coral Gables, offers short-term rental opportunities for its 48 residences. Developed by Roger Development Group, a Coral Gables-based family-owned, fully integrated real estate development and management company, The Avenue Coral Gables Hotel & Residences is an 8-story boutique building and condo hotel. Groundbreaking is slated for Fall 2023, with the hotel and residences anticipated to be completed in early 2025.
Designed by Bermello Ajamil & Partners with fully-furnished interiors by celebrated interior designer Adriana Hoyos Design Studio, The Avenue Coral Gables Hotel & Residences boasts thoughtful and luxurious one- and two-bedroom layouts outfitted with contemporary Italian kitchens and baths by Italkraft and Subzero and Wolf appliances. The residences range from 598 to 1,200 square feet, with prices starting from $730,000 to over $1.3M.
The property is completed by 3,861 square feet of ground-floor luxury retail space. Amenities include a front desk reception and a slate of hotel services to make daily life easier and more enjoyable. Valet parking, newspaper and package delivery are a few of the dozens of services available to homeowners. An outdoor hammock garden, resort-style pool deck on Level 9 with a summer kitchen and family dining area, are just some of the amenities that residents can enjoy.
Located at 351 San Lorenzo Avenue, The Avenue Coral Gables Hotel & Residences is situated within walking distance to the upscale shops and fine dining restaurants of Merrick Park. Equinox Fitness, SoulCycle, and Elemis spa are also located in Merrick Park. Buyers to date have been an eclectic mix of young professionals, young and older families as well as buyers both foreign and domestic.
“We are excited to offer short-term rental opportunities for our homeowners. With the ability to earn revenue on their investment when they are not in residence, our buyers can enjoy the unique quality of life that living in the Merrick Park district offers in a brand-new, state-of-the-art boutique building. Our short-term rental program provides a convenient way for homeowners to generate income while having the flexibility to use their property as little or as much as they’d like,” said Oscar Roger, President & CEO of Roger Development Group.
The Avenue Coral Gables Hotel & Residences offers a unique opportunity for investors to own a luxury residence in one of Miami’s most sought-after neighborhoods while enjoying the benefits of short-term rental income.