Aug312012

Mixed-Use, High Rise Approved in Coral Gables

Photo: Courtesy GablesHomePage.com

On the heels of Village of Merrick Park changing its name to Merrick Shops, the Miami Herald is reporting that the Coral Gables City Commission approved a “mixed-use, 180-unit rental apartment complex and retail property extending 100 feet above the ground along Le Jeune Road” on Tuesday. The new project will be called, Merrick Manor.

The project is slated to be completed in 18 months time and endeavors to be a seven-story building of 72 feet fronting LeJeune and 10 floors and 100 feet at the opposite side of the property, along Laguna Street, according to the Miami Herald. Merrick Manor would feature apartments ranging from 790 to 1,200 square feet. Additionally, the project envisions providing spaces to businesses with 11,740 square-feet of retail and 5,946 square-feet of office space along with street level improvements.

I know first hand how tight the rental market is in our neck of the woods. I believe additional inventory will be welcomed in our community. I hope solid businesses line the street level as that is always good for all involved– provided that traffic and parking have truly been vetted out. Convenience is key for these retail models to flourish!

Considerable information is available on the City of Coral Gables’ website.

As a top producer with over 20 years experience, I invite you to contact me if you are interested in listing your Coconut Grove or Coral Gables home for sale. Thinking of buying a Coral Gables or Coconut Grove home for sale? Benefit from the Strength of My Experience and call me today.

305.710.1010 | [email protected] | facebook.com/CaroleSmithRealtor

Affiliated with EWM REALTY International | Christies International of Coral Gables

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