Codina Partners has wrapped construction on Regency Parc, an ultra‑luxury rental tower in downtown Coral Gables that delivers 126 branded “Sky Residences” with asking rents starting around $8,200 per month. The building is pitched to affluent locals and empty‑nesters who want single‑floor living, hotel‑style services and plenty of privacy without the hassle of running a full‑scale house.
According to the South Florida Business Journal, the tower reached completion this month and is marketing “upscale apartments” from about $8,200 per month. The development’s Coral Gables address is listed as 2601 Salzedo Street on the Regency Parc website, which notes that pre‑leasing is underway and move‑ins have already begun.
Codina and the project website say Regency Parc offers a dozen different floor plans, with two‑ to four‑bedroom layouts designed to feel more like single‑family homes than typical apartments. According to Codina Partners, building amenities include a resort‑style pool deck, a rooftop wellness pavilion, a private screening room and an orchid garden tucked into a landscaped courtyard.
Who Is Moving In
Developer Armando Codina plans to make the penthouse his own residence, and the early resident list features local business figures who preferred trading lawn crews and roof repairs for turnkey city living. In a profile that included resident perspectives, Coral Gables Magazine described Regency Parc as “a home in the sky” for longtime Gables residents.
City Approvals And The Public Park
On the regulatory side, city commission records show Coral Gables amended the project’s Planned Area Development so the building could secure a temporary certificate of occupancy before the adjacent public park is finished. The approval requires Regency Parc to post a $622,000 performance bond to guarantee that the park is ultimately completed, according to the ordinance and cover memo on the City of Coral Gables Legistar record.
What Regency Parc Signals
Codina has positioned Regency Parc as a long‑term, build‑to‑hold project and created an in‑house property management arm to run it, a step the firm says is meant to keep service standards consistent for residents over time. Engineering and vendor partners describe the tower as about 20 stories tall, according to a case study from Trane, and the project highlights a broader South Florida trend: ultra‑luxury rentals catering to people who want the scale and services of a mansion without the upkeep that usually comes with it.
