MG Developer is a residential property development company founded in 2014 by Venezuelan-native Alirio Torrealba and headquartered in Coral Gables, Florida. Operating as a subsidiary of MG Capital, the firm specializes in luxury residential development across Miami-Dade County, with a focus on townhomes, boutique condominiums, and multifamily rental properties. The company initially concentrated on Coral Gables, completing projects like Biltmore Parc and The Village at Coral Gables, before expanding into Hialeah, Miami, Doral, and North Bay Village. MG Developer's portfolio emphasizes Spanish colonial-inspired architecture with Mediterranean design elements that align with Coral Gables' historic aesthetic. The firm has completed approximately six major projects in its first decade and currently manages a development pipeline exceeding $500 million. Recent projects include Metro Parc, a 559-unit multifamily development in Hialeah completed in partnership with Baron Property Group, and The George, a 13-residence ultra-luxury townhome project honoring Coral Gables founder George Merrick. The company operates with approximately 24-30 employees and has transitioned from small-scale townhome developments to large-scale multifamily projects. Geographic concentration centers on Miami-Dade County markets, with assets primarily in Coral Gables and Hialeah representing the bulk of current development activity. The firm has secured over $90 million in financing across recent projects, positioning itself as one of Coral Gables' most active residential developers.
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