Merrick Manor reaches more than 50 percent sales

Miami /
Mar.March 11, 2016 09:45 AM

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.


Related Articles

arrow_forward_ios
The Coral Gables property (Compass / One Sotheby's)
Wealth manager buys waterfront Coral Gables mansion for $15M
Wealth manager buys waterfront Coral Gables mansion for $15M
Jose Mas with 100 Arvida Parkway and Armando Codina with 70 Casuarina Concourse (MasTec, Game Properties, Codina Partners)
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
The six-bedroom Coral Gables house. (Compass / Zignavisual Photography, Del Toro Insurance)
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
Ubiica’s Alejandro Salazar and Rodrigo Gana with 1533 Sunset Drive. (Google Maps)
Ubiica, Maven buy Coral Gables office building, parking lot for $9M
Ubiica, Maven buy Coral Gables office building, parking lot for $9M
The Collection CEO Ken Gorin and developer Ugo Colombo. (Getty, Spring Engineering)
Ugo Colombo’s The Collection nabs $65M construction loan for second Coral Gables dealership
Ugo Colombo’s The Collection nabs $65M construction loan for second Coral Gables dealership
J. Michael Arrington with the property (Getty, James Irwin / ONE Sotheby’s International Realty)
TechCrunch founder buys waterfront Coral Gables home
TechCrunch founder buys waterfront Coral Gables home
Marc Anthony and 300 Costanera Road (Getty, Mint Studios Miami)
Marc Anthony sells waterfront Coral Gables estate for $22M
Marc Anthony sells waterfront Coral Gables estate for $22M
8325 Cheryl Lane, Miami
Hedge fund executive pays $12M for Coral Gables spec mansion
Hedge fund executive pays $12M for Coral Gables spec mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...