Texas developer submits plans for mixed-use tower near Merrick Park

Terrace Mountain Investors bought the acre site last year for $11M

TRD MIAMI /
Sep.September 26, 2016 12:45 PM

A Texas-based developer wants to build a 10-story, mixed-use tower in Coral Gables.

Terrace Mountain Investors IV submitted plans to the city for the Henry, a project planned for a 1-acre site near the Shops at Merrick Park, at 4015 to 4131 Laguna Avenue. The developer submitted plans for the 152,212-square-foot development with 122 residential units, 10,014 square feet of retail space, 2,572 square feet of office space, and 229 parking spaces, according to the South Florida Business Journal.

Behar Font & Partners’ plans for the project include an amenity deck on the rooftop with a pool and club room, and a fourth-floor garden deck on top of the parking garage. Units would range from 689 square feet to 1,762 square feet.

Terrace Mountain Investors, led by Frank Trabold, bought the development site, which currently includes two office buildings, for $11 million in 2015. It’s also three blocks west of developer Ugo Columbo’s The Collection dealership and the site of his Collection Residences, a mixed-use project that hasn’t progressed since Masoud Shojaee has pulled out of his joint venture with Colombo.

Closer to Merrick Park, Hersha Hospitality Trust plans to build a 135-room, $35 million hotel on vacant land at 4241 Aurora Street. Roger Development Group is also building Laguna House, a 10-story, 13-unit luxury condo at the Shops at Merrick Park. [SFBJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
Diane Von Furstenberg, Brookfield Properties Bruce Flatt, and the DVF store in the Shops at Merrick Park (Getty, Google Maps)

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park
1091 Galiano Street, Dolores Urdapilleta of Urdapilleta Real Estate, and Landy Toledo of Marcus & Millichap’s Miami office (Credit: Google Maps)

Coral Gables apartment building sells for $11M

Coral Gables apartment building sells for $11M
South Florida rents are starting to fall (Credit: iStock)

South Florida rents starting to fall, especially in Coral Gables

South Florida rents starting to fall, especially in Coral Gables
21 Casuarina Concourse

Cisneros family sells Gables Estates properties for major price chop

Cisneros family sells Gables Estates properties for major price chop
Rendering of Belmont Village Coral Gables and Baptist Health South Florida CEO Brian L. Keeley

Baptist, Belmont gain approval for luxury senior living in Coral Gables

Baptist, Belmont gain approval for luxury senior living in Coral Gables
Luis Castillo, Eric Williams, Danny Finkle and 6701 Red Road

Whole Foods-anchored retail in Coral Gables sells for $47M

Whole Foods-anchored retail in Coral Gables sells for $47M
23 Tahiti Beach Island Road and 4965 Southwest 82nd Street

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate
Chandler Joel Reedy, 300 Casuarina Concourse (Credit: Google Maps)

Private equity investor buys Gables Estates waterfront home

Private equity investor buys Gables Estates waterfront home
arrow_forward_ios

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

Loading...