A new sales gallery is being promoted for Seventeen Gables, an eight-story condominium project planned near the eastern edge of Coral Gables.
BAM Property Development and Ascendra Capital announced the gallery at 120 Aragon Avenue as construction proceeds on the development associated with 1715 Douglas Road, also identified in official project marketing as 1715 SW 37th Avenue in Miami. The developer’s website lists the gallery and describes the project as a collection of one-, two- and three-bedroom residences with amenities including a pool, fitness center, sauna, resident lounge and co-working space.
The project is being marketed by Cervera Real Estate. Asprea Studio is identified as the interior designer, and Caymares Martin A&E Design is listed as architect of record. The development’s website says the building will rise eight stories and presents the project as one of the tallest residential buildings in East Gables.
The developers secured a $60 million construction loan from Dwight Mortgage Trust in February 2026. Commercial Observer reported that the financing covered a 0.9-acre site and that the developers paid $14.3 million for the property in 2023. The same report said the loan increased an earlier $8.5 million acquisition loan.
The financing announcement described the project as a 117-unit condominium. The current developer website, however, lists 120 residences. That discrepancy should be resolved through the city’s approved plans, recorded condominium documents or the project’s formal offering documents before buyers or neighbors rely on either number.
The gallery announcement says the project is expected to be completed in the first quarter of 2028. That date has not been independently confirmed here through a city construction schedule or permit record. Project marketing also says prices begin in the mid-$600,000s, but it cautions that pricing, specifications and amenities may change and that buyers should rely on the formal offering documents.
For Coral Gables, the project adds another condominium proposal to an active development pipeline. The city maintains a public development-project map and directs residents to its public-record process, but the available city webpage does not itself provide the project’s permit history or approved unit count.
The next useful reporting step is to examine those records and determine how the approved project compares with its marketing materials. That review should also establish the construction status, parking and retail commitments, traffic impacts and any conditions imposed by the city. The Gazette should seek responses from the developers, city staff, the sales broker and neighbors before presenting the project as a completed or fully verified development milestone.
