An $80 million preconstruction luxury condo project in Coral Gables, dubbed Merrick Manor, sold 60 percent of its 174 units in less than 60 days, after launching sales in January, the developer, the Astor Companies, announced today.
“The fact that we have reached the 60 percent reservation milestone so quickly is a testament to the strength of Miami’s real estate market and the fact that buyers are now turning their attention to desirable areas outside of downtown,” Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the development’s exclusive sales and marketing brokerage, said.
The 10-story project will be comprised of one to four-bedroom units, with pre-construction prices from the mid-$200’s to $1 million. The 471,000-square-foot building’s amenities will include a 10,000-square-foot and entertainment space complete with an outdoor kitchen, barbeque, bar/lounge area, fitness center, a business center/shared office space with computer-ready desks and multimedia screens and 24-hour front desk concierge and valet service. –Christopher Cameron