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Florida & Gulf Coast  + South Florida  + Apartments  | 
The Calta Group has acquired a Coral Gables, FL multifamily real estate development for $12 million

The Calta Group Acquires Coral Gables Multifamily Development for $12M

The Calta Group has acquired a Coral Gables, FL multifamily real estate development consisting of 32 rental apartments located at 915 Palermo Avenue for $12 million.

The approximately one acre property is located in close proximity to the iconic Venetian Pool and the historic Biltmore Hotel, two of the most distinguished landmarks in the city.

With its prime location, The Calta Group plans to redevelop the site with a luxury boutique residential real estate offering that will enhance the surrounding Coral Gables neighborhood.

“We continue to pay close attention to the Coral Gables market for opportunities that create value-added potential for our expanding portfolio. With this acquisition, we are excited to create a development that will set a new standard for luxury living in the area,” said Gaetano Caltagirone, President of The Calta Group. “We look forward to sharing more information about our plans for this property in the near future.”

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition
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