Alhambra Parc

Alhambra Parc is being developed jointly by MG Developer and Vertical Developments. MG Developer is a South Florida homebuilder active in Coral Gables and the surrounding communities, with a focus on residential and mixed-use projects in the region. As with any pre-construction purchase, buyers should confirm project specifics directly with the development team.

Buying pre-construction begins with registering for early access, which is how prospective buyers receive first information on releases, floor plans, and pricing before homes are broadly marketed. Getting in early in a release can matter, since floor plans and preferred layouts are often limited and pricing can be adjusted between phases.

Deposits on new condominiums are typically structured in stages over the construction period rather than paid all at once, with the exact schedule set by the developer. Buyers usually pay in installments tied to milestones, and there is often a period of interim occupancy or use before final closing when title transfers.

In Florida, buyers of a new condominium unit have a 15-day rescission period under FS 718.503, allowing cancellation within that window after signing or receiving the required condominium documents. Specific deposit terms and closing details for this project will be confirmed by the builder.