Empira plans 161-unit luxury multifamily project in Coral Gables, pays $18M for dev site

Empira Group bought a development site in Coral Gables for $18 million, with plans for a 161-unit luxury multifamily project.  The deal marks the Swiss firm’s continued investment and growing pipeline of projects in Miami-Dade County since making its market debut three years ago.  Empira wants to build The Aurelian, a 12-story building with 5,000 square feet of public space and a park, on the 1.2-acre site at 912-921 East Ponce de Leon Boulevard, according to the firm’s news release.  Designed by Behar Font, the project will include a 248-space garage, a gym with a yoga studio, pool, outdoor lounge […]This article originally appeared on The Real Deal. Click here to read the full story.