OLD SPANISH VILLAGE DEVELOPERS IMPLODE 2801 PONCE

DEMOLITION OF CORAL GABLES’ FIRST HIGH-RISE CLEARS WAY FOR NEW MIXED-USE DEVELOPMENT

CORAL GABLES, FL (July 1, 2008) On June 28th and 29th, Ponce Circle Developers LLC made history when they hosted the dramatic, heart pounding implosion of 2801 Ponce, a 13-story office building in Coral Gables. With 90 lbs. of explosives, Dykon Explosive Demolition Corp. brought down a significant portion of the city’s first high-rise and followed it up with an additional 20 lbs. of explosive material to completely demolish the building the following morning. In its place will be the 16-story Ponce de Leon Towers by The Allen Morris Company, integrated into the separately owned Old Spanish Village, a $350 million ‘new urbanism’ development.

AT 7:30 am, as area residents, members of the press, police and fire rescue, city officials and members of the development team watched from a secured area, 2801 became a pile of rubble in an instant. A private VIP breakfast was held across the street at Christy’s Restaurant following the spectacle.