Codina Partners Secures Financing For Regency Parc in Coral Gables

Amid a difficult lending environment marked by soaring interest rates and increased regulatory oversight, securing traditional financing has become a formidable challenge for developers. Codina Partners has announced that it has successfully obtained financing for its Regency Parc project. In discussing the financial structuring of the project, Mr. Armando Codina, Executive Chairman of Codina Partners and the driving force behind Regency Parc, explained, “The money-centered banks have been practically shut down by the regulatory environment, the regional banks have been paralyzed, and our very important local banks are being hurt.” Given these circumstances, Codina emphasized the importance of expanding financing options and credited the longstanding relationship with Goldman Sachs for enabling a loan tailored to the project’s specific needs.

Ultra-Luxury Living, Redefined

Regency Parc will comprise 126 total units, including 2 guest suites, and offer 12 unique floor plans in addition to 2 exclusive full-floor Skyhomes. The unit mix is designed to appeal to high-end renters seeking space, privacy, and comfort rarely found in multi-family developments:

Only the largest residences—those exceeding 3,400 SF—will be offered for long-term leases ranging from 5 to 10 years, affording residents a rare opportunity for stability in an ultra-luxury rental setting. Pre-leasing for the remainder of the residences will begin approximately six months prior to the project’s 2025 completion.

A Personal Vision Turned Reality

Mr. Codina revealed that his personal connection to the project is both deep and lasting. “I have been personally involved in every inch of the design of this building, as this will be our new home,” he stated. The Codina family will relocate from their long-time single-family residence into the top-floor Skyhome, a gesture that signals confidence in the project’s vision and execution.

Codina explained the inspiration for the project as a solution for individuals looking to “right-size” without compromising lifestyle: “My motivation was to come up with a way for people to simplify their estates by liquidating their large and costly single-family homes while still preserving the spirit of that style of living in an ultra-luxury residential rental tower.”

Lifestyle, Security, and Peace of Mind

Beyond the residences, the building will offer a high-touch, lock-and-leave lifestyle in a location outside flood and evacuation zones, addressing growing concerns around climate resiliency. The structure has been carefully planned to provide maximum security, convenience, and luxury, attracting a demographic that includes empty-nesters, families, entrepreneurs, and out-of-state residents.

On the ground floor, plans are underway for a world-class restaurant on the southwest corner of the property. While negotiations are still in early stages, several highly regarded restaurants have expressed interest, and a formal announcement is expected as the project progresses.

A Rare Offering in a Premier Location

Regency Parc stands poised to reshape the ultra-luxury rental market in Coral Gables. With expansive floorplans, full-floor residences, and a unique lease structure catering to affluent, long-term renters, the project aims to fill a void in high-end urban living.

As Mr. Codina concluded, “Regency Parc will be a class-defining project—bringing to the ultra-luxury rental market an exclusive tower with few residents, but a plethora of high-level amenities that are difficult to attain and maintain in a single-family residence.”