26TwentySix Ponce, a 5,400 square-foot building at 2626 Ponce de Leon Boulevard in Coral Gables, has begun its makeover. Developer AJP Ventures in partnership with Juan Carlos Mas of Mas Group purchased the property late last year with the intent to reposition the single-use building into a multi-tenant building. Anthony's Coal Fired Pizza will be the anchor tenant; it will be Anthony’s 34th location in the US. Two other commercial spaces—occupying 3,000 square feet—are now available for lease.
26TwentySix Ponce was originally built in 1948 and is being redesigned by Bellin+Pratt. SouthPointe Construction, Inc. is handling the renovations. Among the enhancements are a modern storefront facade, floor-to-ceiling glass, as well as retractable windows on one side. Work will take approximately three months—half the time it would normally take a developer—with occupancy expected in May.
“We are repositioning the asset so that it has a more flexible use,” noted Alberto J. Pérez, principal of AJP Ventures, “especially in this prime location, right on the corner of Ponce and Almeria, within the CBD. The presence of over 120 multinationals within walking distance coupled with an established single-family home community immediately surrounding almost guarantee daytime and evening traffic, making it ideal for retail or a restaurant.”
For leasing information, contact Connie Hull at FIRC Group, Inc. at 305.860.2300.
About AJP Ventures
AJP Ventures specializes in developing commercial projects in the Coral Gables area, where the company is headquartered. With a current portfolio of almost $40 million, the firm has evolved from being primarily landowners to multifaceted developers that build, renovate, manage and broker commercial and residential properties in established sub-markets. AJP Ventures recently topped off The Building, (www.thebuildingonponce.com), a distinctly modern and Green office building, also in Coral Gables.
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