“On Douglas Road, two Miamis meet — one that rushes, one that exhales.”
Eight stories above Douglas Road, where the tree-canopied grid of the “City Beautiful” loosens into the open run toward Brickell, a single ivory-toned building holds the line between two tempos.
Step out one door, and Miracle Mile is a three-minute walk; step out the other, and Downtown is a fifteen-minute drive. This is Seventeen Gables — a collection of 120 luxury condos for sale in Coral Gables, rising at 1715 Douglas Road as the tallest residential address in East Gables.
Seventeen Gables — Two Miamis, One Address
Seventeen Gables was conceived around a deliberate contradiction: the calm of Coral Gables and the velocity of greater Miami, held in one building. The development is led by BAM Property Development and Ascendra Capital, a partnership the team frames as “Miami development, Manhattan approach.” BAM’s founder, Mayer Berkovits, has assembled a nationwide portfolio of nearly 5,000 multifamily units over the past decade, including the 86-unit trophy rental at 670 Pacific Street in Brooklyn — sold for $69.2 million in 2018, directly across from the Barclays Center — as well as a six-unit condominium in SoHo.
Ascendra Capital, led by chief investment officer David Steinberg, brings the institutional discipline that lets the partners do something the market rarely sees: break ground concurrently with the sales launch, backed by a $60 million construction loan from Dwight Mortgage Trust. For a buyer, that detail is not trivia. It means the building was already physically underway when the first contracts were written, which removes a meaningful slice of the usual pre-construction uncertainty.
There is editorial intent here, not just financing. The team set out to make attainable ownership credible in a city where most new Coral Gables product begins at two million dollars and climbs — a gap this building was designed to fill rather than chase.
The Building & Architecture
Caymares Martin A&E Design serves as the architect of record. Founded in 2006 by Olenia Martin and Jose Caymares, the South Florida firm has put more than $250 million of built work into the Miami landscape, and at Seventeen Gables it draws on the classical proportions of the historic Gables — arched ground-floor arcades, a restrained ivory facade, balconied bays — then opens the interiors to floor-to-ceiling impact glass and contemporary, light-filled plans.
Interiors are by Asprea Studio, the New York and Miami practice founded in 2018 by Karen Asprea, a Pratt Institute–trained designer who earned her footing under the late high-rise architect Costas Kondylis before building her own firm; her lobby and amenity palette leans on warm oak, travertine-toned stone, and sculptural lighting rather than the cold gloss that dates so quickly.
The result reads more like a factory of daylight than a tower of glass: nine-foot ceilings, open layouts that flex between one-, two-, and three-bedroom configurations, and balconies on select residences that look out across the Gables tree canopy toward the Miami skyline. It is eight stories by design, not by limitation — a scale that keeps the building human even as it claims the high point of its neighborhood.
Residences & Pricing
Seventeen Gables offers 120 residences across eight floors, ranging from efficient one-bedroom homes to a single three-bedroom plan, with several den configurations in between for buyers who want a home office or guest room without jumping a full bedroom tier.
Every residence carries floor-to-ceiling impact glass, quartz countertops, European Shaker cabinetry, and a full Bosch appliance suite — with integrated Fisher & Paykel refrigeration in select homes.
Bathrooms are spa-calibrated, with floating vanities and designer fixtures; smart-home control of lighting and climate is standard throughout. These are the homes available to buy at the most accessible entry point of any new-construction address in the heart of Coral Gables.
- 1 Bed / 1 Bath: Approx. Interior: 557–720 sq. ft. | Price from: mid-$600,000s
- 1 Bed + Den / 1–1.5 Bath: Approx. Interior: 755–860 sq. ft. | Price: upon request
- 1 Bed + Den / 2 Bath: Approx. Interior: 850 sq. ft. | Price: upon request
- 2 Bed / 2 Bath: Approx. Interior: 810–990 sq. ft. | Price from: mid-to-high $800,000s
- 2 Bed + Den / 2 Bath: Approx. Interior: 1,024–1,080 sq. ft. | Price: upon request
- 3 Bed / 2.5 Bath: Approx. Interior: 1,428 sq. ft. | Price: upon request
Pricing reflects the building’s deliberately accessible positioning, with most residences priced below the $1 million threshold and premium east-facing layouts reaching beyond $1.2 million. As with any pre-construction release, figures move as inventory is absorbed and higher floors come online; current availability should be confirmed with the sales team.
Amenities & Services
The amenity program is organized for the way residents actually live rather than the way a brochure photographs, and it is anchored by a third-floor deck that functions as the building’s social center.
- Third-floor amenity deck — resort-style pool with in-pool lounging steps, a landscaped sun shelf, private cabanas, and an outdoor bar and social area for unhurried weekends.
- Resident club room & amenity kitchen — a social lounge with an entertainer’s kitchen and sculptural lighting, sized for a dinner party rather than a token “lounge.”
- Wellness & fitness — a fully equipped fitness center with a dedicated personal-training studio, a sauna and wellness retreat, and an outdoor yoga terrace.
- Co-working center — dedicated desks, private booths, and an A/V-ready conference room, built for the executives and remote professionals increasingly choosing the Gables.
- Outdoor recreation — a half-basketball/pickleball court, a tennis practice wall, a children’s play zone, and a dedicated dog park within the landscaped grounds.
- Daily services — 24-hour valet parking, controlled-access entry, smart package management, resident and bicycle storage, and a building-management app for day-to-day requests.
What ties it together is restraint: the wellness floor is genuinely usable rather than a wall of single-use therapy gadgets, which suits a building whose pitch is everyday quality over spectacle.
Location & Lifestyle
Seventeen Gables sits at the working seam of Coral Gables and the wider city.
- Miracle Mile is roughly 0.3 miles on foot, The Shops at Merrick Park about 0.5 miles, and the Douglas Road Metrorail station around 0.3 miles away — close enough that a car becomes optional for daily life.
- By road, Miami International Airport is about 4 miles, Coconut Grove 2 miles, Downtown Miami and Brickell roughly 5 miles, and Miami Beach about 8 miles, putting the airport inside a typical 15-to-20-minute window outside peak hours.
- The dining is the real argument for the address. The Gables has quietly become one of Miami’s strongest restaurant neighborhoods, with the Michelin-starred Shingo and the Bib Gourmand–recognized Zitz Sum within the walkable core, alongside long-standing rooms like Caffè Abbracci, the French bistro fare of Bouchon, and the pasta counter at Luca Osteria.
- Culture is equally dense: the Coral Gables Museum, Actors’ Playhouse at the Miracle Theatre, the Lowe Art Museum at the University of Miami, the Venetian Pool, and Fairchild Tropical Botanic Garden are all within a short radius.
- The corporate gravity matters too — Apple, Amazon, Bacardi, Cisco, FIFA, and Baptist Health all hold a presence here, which underwrites both resale demand and a deep, year-round rental pool.
- For families, the catchment includes Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables Senior High, with Ransom Everglades and the University of Miami nearby.
One honest note: this is an inland address — there is no bay, ocean, or Intracoastal frontage, and buyers whose non-negotiable is water views should look elsewhere. Douglas Road itself is a busy commercial corridor rather than the hushed, oak-shaded interior streets the Gables is famous for, and the building’s eastern edge brushes up against the City of Miami line.
The trade is intentional: connectivity and price in exchange for waterfront drama.
A Saturday in the Gables
The neighborhood does not perform on a Saturday morning the way South Beach does.
By eight, it is mostly delivery vans and the first dog-walkers on Salzedo, and the only real activity is the line forming at Threefold Cafe, the Australian-style spot that locals will tell you is worth the wait and a stranger will tell you is not — the flat whites are excellent; the patience required is real.
By mid-morning, the canopy of suspended umbrellas over Giralda Plaza throws colored shade across the brunch tables, and the pace settles into something closer to a European side street than a Miami block. Lunch is a decision more than a meal: the counter at Luca Osteria if you want to be seen, the back tables at Caffè Abbracci if you have decades of regulars to greet, or a quiet plate at Bulla if you simply want the patatas bravas without ceremony.
Afternoons bend toward the green — a loop around Granada Golf Course, an hour at the Venetian Pool, or the long shaded walk into Fairchild if the heat relents. The honest catch is parking: Miracle Mile fills by evening, and the search for a space on a Friday night is a recurring local sport with no winners.
By dusk, the choice resolves into the building’s central premise. Step one way and the Gables exhales — a slow dinner, a gallery opening, the tree-lined quiet. Step the other, point the car at Brickell, and the night never closes.
Investment Perspective
The case for Seventeen Gables rests less on a single headline number than on where it sits in the market. According to CondoBlackBook’s Q3 2025 luxury report, the combined Coral Gables and Coconut Grove submarket has been Miami’s fastest-selling luxury-condo market, posting the shortest days on market and the lowest inventory of any neighborhood analyzed — a velocity signal that has held for ten consecutive quarters even as the wider Miami market drifted toward a buyer’s footing.
Layer onto that the Miami Association of Realtors’ broader finding that Miami condo values have nearly doubled over the past decade, and the structural pull of the Gables becomes clear: limited new supply, durable demand, and a corporate base that keeps both buyers and tenants in the neighborhood.
What sets Seventeen Gables apart is its price and product. The headline Coral Gables pre-construction names sit well above it: Ponce Park Residences, the Allen Morris Company project on Ponce de Leon Boulevard, opens around $2.4 million for two- to five-bedroom homes; Villa Valencia, Location Ventures’ Mediterranean tower, sold out as an ultra-luxury three- and four-bedroom product; and Regency Parc, Codina Partners’ new arrival, is a rental building rather than for-sale ownership.
Seventeen Gables is the one offering true ownership in the heart of the Gables, starting in the mid-$600,000s — a one-bedroom entry point that simply does not exist among its named peers. For a buyer who wants a deeded Coral Gables address without a two-million-dollar commitment, the competitive field is thin by design.
On rentals: ownership permits leasing with a 30-day minimum, which rules out nightly short-term platforms but opens the building to the seasonal and corporate tenant pool the Gables reliably produces.
Frequently Asked Questions
When will Seventeen Gables be completed?
The development broke ground in 2026 with construction launched concurrently with sales, and completion is estimated for the fourth quarter of 2027. Because the building was already underway and fully financed at the sales launch, buyers face less of the start-up risk common to pre-construction. Plan for a standard pre-construction runway when arranging financing and occupancy.
Can residences be rented out?
Yes. Owners may lease with a 30-day minimum, which accommodates seasonal and corporate tenants but excludes nightly short-term rentals, such as Airbnb rentals. Final rental terms depend on the HOA documents being finalized before closing, so confirm the current policy with the sales team before signing.
How do the floor plans differ across the building?
The collection runs from one-bedroom homes of 557–720 square feet up to a single three-bedroom plan of 1,428 square feet, with den layouts bridging the gap for buyers who want extra flexible space. Lower one-bedroom plans are the most accessible entry point; the larger two-bedroom-plus-den and three-bedroom plans, and east-facing exposures, command the premium tier.
Who designed the interiors?
Interiors are by Asprea Studio, the New York– and Miami-based practice led by Karen Asprea, working with Caymares Martin A&E Design as architect of record. The palette favors warm woods, stone, and sculptural lighting over high-gloss finishes, with the intent of aging gracefully rather than trend-chasing.
Is Seventeen Gables a sound investment?
The logic is built on scarcity and demand rather than a single statistic: the Gables consistently ranks among Miami’s quickest-moving, lowest-inventory condo submarkets, new supply in East Gables is limited, and the neighborhood’s corporate and academic employers sustain both resale and rental interest. Add an ownership entry point unmatched among its Coral Gables peers, and the value argument is structural.
How does it compare to other Coral Gables condos?
Most new Coral Gables products — projects such as Ponce Park Residences and Villa Valencia — target the $2 million-plus, large-format buyer, while Regency Parc is a rental, not a for-sale building. Seventeen Gables is the boutique ownership option starting in the mid-$600,000s. For a full side-by-side, contact a Bogatov Realty advisor.
Seventeen Gables is, in the end, a building about choice — the rare Coral Gables address that lets an owner pick the city’s pace one day and its quiet the next, without moving an inch.
“Step out one way to rush, the other to exhale.”
To explore floor plans and current pricing at Seventeen Gables, or to compare it with other pre-construction condos in Coral Gables, contact a Bogatov Realty advisor or submit an inquiry on this page. Pricing, availability, and specifications are current as of June 2026 and subject to change. Seventeen Gables is a pre-construction development; verify all figures and terms directly with the developer and sales team before purchasing.