Seventeen Gables

About the Project

Seventeen Gables represents one of the more thoughtfully conceived entries in the current wave of Miami luxury development — a project whose appeal lies precisely in what it refuses to do. Rather than chase the headline-grabbing heights and nine-figure price tags of Brickell's supertall moment, BAM Development and Ascendra Capital have staked a quieter, more enduring claim: 117 well-crafted residences on a tree-lined corner of Coral Gables, priced within reach of a buyer the rest of the market has largely abandoned. BAM Development, the New York-based firm led by Mayer Berkovits, brings a track record of urban residential projects across the northeastern United States and an expanding South Florida footprint that includes a 257-unit mixed-use tower in Fort Lauderdale's Flagler Village. Ascendra Capital, led by David Steinberg — whose background spans the workout desk of a multibillion-dollar hedge fund, global restructuring advisory at Borrelli Walsh, and a tenure as chief operating officer of one of New Jersey's largest industrial developers overseeing more than eighteen million square feet of development — contributes the institutional discipline and capital markets acumen that got this project to the finish line faster than most. In February 2026, the partnership closed a 0 million construction loan from Dwight Mortgage Trust, with financing brokered by Isaac Filler and Steve Edelstein of Filler Capital, allowing construction to commence immediately alongside the sales launch — a confidence play that sets Seventeen Gables apart in a market where groundbreaking delays are routine.

The building takes its name from the precise geography of its site: the intersection of Southwest 17th Street and Douglas Road in the heart of Coral Gables — seventeen for the street, gables for the city. It is an address with genuine civic weight. Douglas Road forms one of the great north-south corridors of the Miami urban fabric, and the surrounding blocks carry the unhurried density of a neighborhood that has never needed reinvention. The design team selected to interpret this context is Caymares Martin A&E Design, the Miami-based architecture and engineering firm co-founded in 2006 by Jose Caymares and Olenia Martin. With over 50 million in properties designed across Miami and a philosophy that architecture should speak of its time and place while yearning for timelessness, the firm brings a rare fluency in South Florida's Mediterranean Revival tradition to bear on a building that needs to earn its place rather than simply announce it. The resulting eight-story form draws on Coral Gables' signature design language — arched openings, warm stucco massing, articulated facades — while the floor plates are organized around the logic of contemporary living: open-plan social spaces, generous window lines, and unit configurations that read as homes rather than pied-à-terres.

Interior design is the work of Karen Asprea of Asprea Studio, a New York and Miami practice that has quietly assembled a portfolio of more than 00 million in new construction and complex renovations, with work featured in Architectural Digest, The New York Times, and Mansion Global. Asprea's methodology begins with emotional storytelling — each project is conceived around the feeling a resident should experience upon entering — and layered with natural materials chosen to age well and spaces that evolve with use. At Seventeen Gables, that philosophy translates into residences finished with floor-to-ceiling impact glass, European-style cabinetry, and countertops in engineered stone or quartz. Kitchens are appointed with a Bosch appliance suite, and select homes receive integrated Fisher & Paykel refrigerators and dishwashers that disappear behind panel fronts. Bathrooms take a spa register: floating vanities, designer fixtures, and curated tile packages that prioritize texture and restraint over spectacle. Smart-home technology for lighting and climate control is woven throughout, and select layouts include den configurations that adapt gracefully to the working-from-home calculus that has become permanent for much of the professional class that Coral Gables attracts.

The amenity program is curated rather than encyclopedic, which suits the building's scale and audience. A rooftop pool anchors the offering — the highest vantage point on the building, with views over the Gables canopy and toward Biscayne Bay on clear days. A well-equipped fitness center and a traditional Finnish-style sauna address the health and recovery priorities that have become standard expectations in this price tier. The resident lounge provides a relaxed gathering space calibrated for the kind of informal entertaining that high-rise common rooms so rarely get right, and a dedicated coworking suite gives remote workers and entrepreneurs a professional alternative to the dining table without requiring them to leave the building. Assigned on-site parking — 178 spaces for 117 residences, a ratio that eliminates the daily anxiety common to urban addresses — and approximately 2,000 square feet of ground-floor retail complete an amenity stack that is deliberately lean on spectacle and long on utility. Cervera Real Estate, one of Miami's most established luxury residential brokerages, handles exclusive sales and marketing.

The value proposition of Seventeen Gables is almost unusually straightforward for a Miami luxury launch. Coral Gables is one of the few addresses in Greater Miami that requires no introduction and carries no asterisk — an incorporated city with its own police force, building standards, and tree canopy ordinance that has preserved the neighborhood's character through half a century of regional boom-and-bust cycles. It sits twenty minutes from Brickell, twenty minutes from Miami International Airport, and within walking distance of Miracle Mile, the Gables' main commercial corridor of independent restaurants, boutiques, and galleries. Yet new construction in the neighborhood almost never reaches first-time buyers or value-conscious investors: the recent crop of luxury boutiques has launched with starting prices north of .5 million, and the city's historic supply constraints mean resale inventory is perpetually thin. Seventeen Gables is positioned explicitly as an alternative — with most of its 117 residences priced below million and starting from the mid-00,000s, it offers an attainable entry into one of Miami's most coveted zip codes without asking buyers to compromise on the address, the finishes, or the developer's commitment to delivery. With construction underway and a Q4 2027 completion target, the project moves to market with the kind of groundbreaking certainty that pre-sales listings rarely carry.

Amenities

Location

Coral Gables, FL 33134