The Calta Group is quickly expanding its multifamily division after acquiring a Coral Gables apartment complex from Shoma Group co-founder Maria Lamas. A Calta affiliate paid $12 million for Venetian Flats, a two-building property with 32 units at 915 and 920 Palermo Avenue, according to records and Vizzda. The buyer obtained a $7.8 million mortgage from Terrabank. The deal breaks down to $375,000 per apartment. The seller, an entity managed by Lamas, bought Venetian Flats for $8.2 million in 2021, records show. Coral Gables attorney Anibel Duarte-Viera represented Lamas when she acquired and sold the property. The buildings were completed in 1963 and 1964 on nearly one acre, records show. The property is near the Venetian Pool and the Biltmore Hotel. Founded in 2010 by Italian brothers Ignazio and Gaetano Caltagirone, Coral Gables-based Calta is also partnering with Miami-based Gilu Development to build Revv Hollywood, an eight-story apartment building in Hollywood.

1. Miami International Airport, Miami Beach and Coconut Grove.
   Miami International Airport, Miami Beach and Coconut Grove.

2. Miami International Airport, Miami Beach and Coconut Grove.

More than 100 VIP guests joined on Thursday, to celebrate the official unveiling of Via Veneto, a highly-anticipated collection of 10 elegant townhomes located in the heart of Coral Gables. Event-goers were treated to an up-close look at the sleek finishes and refined features that will define daily living at the sophisticated boutique development and were the first to see the debut of the Via Veneto Sales Gallery while enjoying an evening of delectable hors d’oeuvres and cocktails by noted Coral Gables restaurant Tullio. Developed by The Calta Group, a real estate, development, and construction company led by Ignazio and Gaetano Caltagirone, Via Veneto is the essence of opulence. Situated at the crossroads of Sevilla and Palermo at 915 Palermo Avenue, residents will be walking distance to many of the area’s treasured landmarks such as The Biltmore Hotel, Venetian Pool, Desoto Plaza and the world famous Miracle Mile with its dazzling array of boutiques, off-Broadway shows, musical performances art galleries and fine restaurants. Nearby, the City Beautiful’s finest private and public schools, parks, recreational facilities, golf courses and tennis courts await. Adding to this exceptional lifestyle is the proximity to Miami International Airport, Miami Beach and Coconut Grove.

• Miami International Airport, Miami Beach and Coconut Grove