arts
Wellness-focused Coral Gables condo project nabs $68M construction loan
By Eman Elshahawy at The Real Deal
· June 8, 2026
· 1 min read
Constellation Group and the Boschetti Group scored a $67.5 million construction loan for a wellness-focused condo project in Coral Gables two months after breaking ground. BHI provided the financing for Cora Merrick Park, a 74-unit luxury condo development at 4241 Aurora Street, across from Shops at
Key takeaway 5 million construction loan for a wellness-focused condo project in Coral Gables two months after breaking ground.
Why this matters in The Miami
The Cora Merrick Park project in Coral Gables brings a new luxury condo development to the area, with a focus on wellness. As Miami-Dade County continues to grow and attract new residents, projects like this one will contribute to the evolving landscape of the county's neighborhoods. The fact that construction is expected to wrap in 2028, a year later than originally projected, may be a sign of the challenges faced by developers in the area, including potential impacts from Atlantic hurricanes and sea-level rise. The project's location across from Shops at Merrick Park will also likely have an impact on local businesses and traffic in the area. As the project moves forward, it will be worth watching how it integrates with the surrounding community and whether its wellness-focused design will set a new standard for luxury developments in Miami-Dade County.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 8, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Constellation Group and the Boschetti Group scored a $67.5 million construction loan for a wellness-focused condo project in Coral Gables two months after breaking ground. BHI provided the financing for Cora Merrick Park, a 74-unit luxury condo development at 4241 Aurora Street, across from Shops at
When was this published? This article was first published on June 8, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Eman Elshahawy at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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