The Real Deal Miami

Merrick Manor reaches more than 50 percent sales

227-unit project broke ground in November after launching sales in early 2013

March 11, 2016 09:45AM
By Katherine Kallergis

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Renderings of Merrick Manor

Renderings of Merrick Manor

Merrick Manor, a luxury condominium in Coral Gables, has presold more than 53 percent of its units.

The 10-story, Mediterranean-style development sold more than 120 of 227 units, according to a spokesperson. Four of the units are reservations, while the remaining are under contract.

Merrick Manor broke ground in November after launching sales in early 2013. It was approved by the Coral Gables Board of Architects a year before that.

Astor Companies is developing the mixed-use project, which is across the street from the Village at Merrick Park. When completed in 2018, Merrick Manor will also include 19,000 square feet of retail space. Residential units will range from one to five bedrooms, and from 550 square feet to more than 3,000 square feet. They will feature Italian kitchens, Bosch appliances and quartz countertops. Steven G is handling the interiors.

Prices range from the high $400,000s to more than $1 million.

Miami-Dade County property records show that Astor paid $4.2 million for the site at 301 Altara Avenue in 2012. The privately held real estate development firm focuses on multifamily properties.

Nearby to Merrick Manor, Roger Development Group is planning a boutique condominium tower at the Shops at Merrick Park in Coral Gables. Laguna House, a 10-story, 13-unit luxury project, launched sales in December.