The Calta Group has acquired a Coral Gables, FL multifamily development consisting of 32 rental apartments located at 915 Palermo Avenue for $12 million. Located in close proximity to the iconic Venetian Pool and the historic Biltmore Hotel, two of the most distinguished landmarks in the city, The Calta Group plans to redevelop this prime location with a luxury boutique residential offering that will enhance its surrounding neighborhood.
Gaetano Caltagirone, President of The Calta Group commented on their acquisition: “We continue to pay attention to opportunities that create value-added potential for our expanding portfolio. With this acquisition we are excited to create a development that will set a new standard for luxury living in Coral Gables area.” He added “We look forward sharing more information about our plans soon.”
