Developer Optimistic On Miami Real Estate Market, Begins Construction on Verona Park Condominium

Posted by Cathy Osorio — July 23, 2006

MIAMI, Fla. -- With European and Latin American homebuyers continuing to flock to South Florida, well-priced and well-located new developments are thriving even with stabilizing prices, according to Ariel Enrique Gutierrez, President and CEO of Miami-based Development International Group. The company is currently developing Verona Park, a new luxury condominium community in Coral Gables. The Herald recently presented DIG with Florida’s Best 2006 Platinum Architectural Award and Florida’s Best 2006 Platinum Overall Project’s Award for Verona Park, which is located at 107-13 Mendoza Avenue in Coral Gables. “Miami, and especially the Coral Gables area, continues to have great potential for real estate development, because demand from International buyers remains stronger than ever,” said Gutierrez. “Compared to other major cities around the world – where appreciation rates are skyrocketing even higher than we’ve recently experienced – Miami still offers incredible value.” “We are honored that Verona Park was selected by The Herald for the two awards – we believe this community represents the culmination of a long history of expertise and collaboration to enhance the lifestyle this area offers,” he continued. Verona Park includes 19 one and two bedroom residences featuring private balconies, secured covered parking and many other luxury amenities. The project is being represented exclusively by Keyes Company’s corporate New Development Division. “With Keyes Company’s 80th anniversary this year, the company is a perfect partner as we capitalize on the expertise that can only be obtained by this kind of longevity and success in the area,” noted Gutierrez. “Our company places a high value on long-term, proven track records, because we have one of our own. “We understand how much this experience contributes to our success, as my Father and Uncle, Ariel and Enrique Gutierrez, are also pioneers in the Miami real estate industry,” he added. “Our company developed and designed One Biscayne Tower in Downtown, Brickell Place in Brickell, and my uncle was the architect for the Bacardi building in Miami.” Verona Park is DIG’s latest venture, with recent additional projects including the Dorado Estates, a 150 single-family home community in West Miami Dade and Sol Majorca, a luxury condominium of 11 residences in Coral Gables. “The three recent projects reflect our confidence in continued growth for South Florida,” said Gutierrez. “The main challenges facing developers at this point are the cost of construction materials and labor force.” “We meet these challenges by planning ahead with good solid project management processes, which help to keep a great project timely and on-budget,” he added. For more information about Verona Park, contact Mercedes Holte at mailto:mercedesholte@keyes.com / 786-371-6072 & Carlos Sabando at mailto:casabando@yahoo.com / 786-587-6656. About the Keyes Company / Real Estate, Mortgage and Title (www.keyes.com) Through its successful history as an independently-owned family business, Keyes (www.keyes.com) has become a legend in South Florida real estate and one of the largest firms in the country. Keyes has over 30 offices with the sales power of 2,000 professional associates. Keyes continues to grow, and reported record sales in excess of $4 billion in 2005. Keyes is celebrating 80 years of superior service, blending the traditional values of personal attention and customer service with the skills and utilization of “global approach” marketing systems

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