Allen Morris Sets '08 Start for 215,000-SF Office

CORAL GABLES, FL-The locally based Allen Morris Co. has reached an agreement with developers to build the office portion of the Old Spanish Village development. An Allen Morris Co. spokesperson tells GlobeSt.com that construction is expected to begin summer 2008 on the proposed 15-story, 215,000-sf office building, to be called Ponce de Leon Towers, at 2801 Ponce de Leon Boulevard. The project, which will replace an existing 37-year-old office building on the site, is expected to be completed in 2010.

The building is part of the Old Spanish Village development, a seven-acre development on the eastern curve of Ponce Circle Park being undertaken by Ponce Circle Developers, a joint venture of the Sanchez Group Inc. and the Mas Group. The project will consist of condominiums, townhomes, office space, retail space in a village setting with cobblestone streets, old Spanish street lamps, landscaping and fountains.