What is the latest status of the project “Ponce 8”?

The status recorded for “Ponce 8” is planned.

What is the budget and commercial profile for the project “Ponce 8”?

Taiyo normalizes the budget of “Ponce 8” to USD 13300000.

Where can I verify the source and access all details for “Ponce 8”?

This Taiyo project page references The Real Deal along with the original URL (https://therealdeal.com/miami/2026/05/14/shoma-group-pays-13-million-for-coral-gables-dev-site/). Taiyo standardizes official data into a consistent, searchable project profile.

Ponce 8

Sector: Commercial • Location: Coral Gables, Florida, United States

Source: The Real Deal

Project

Planned

Ponce 8 is a proposed 16-story luxury residential apartment project in Coral Gables, Florida, consisting of 201 units and 18,000 square feet of commercial space. The project includes 81 units designated for households earning no more than 120% of the area median income, in compliance with the Live Local Act affordable and workforce housing law. The development site was purchased by Shoma Group for

Status: Prospective
Sector: Commercial, Road, Residential
Location: Coral Gables, Florida, United States of America
Updated: 22 Jul 2026
Source: The Real Deal

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Project Information

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The project “Ponce 8” is an infrastructure initiative in the Commercial sector, located in Coral Gables, Florida, United States. Taiyo aggregates data on it from The Real Deal.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Ponce 8 is a proposed 16-story luxury residential apartment project in Coral Gables, Florida, consisting of 201 units and 18,000 square feet of commercial space. The project includes 81 units designated for households earning no more than 120% of the area median income, in compliance with the Live Local Act affordable and workforce housing law. The development site was purchased by Shoma Group for $13.3 million, financed by a $14 million mortgage from Benworth Capital Partners. The project is designed by PPKS Architects.
Original sector	Development
Budget

Location

Country	United States of America (USA)
State	Florida
City	Coral Gables

Source

Source	The Real Deal
URL

More Details

Record type	Project
Sector	Commercial, Road, Residential
Article published date	2026-05-17

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