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.
If you are considering buying or selling in Coconut Grove or Coral Gables, please feel free to contact me and benefit from the Strength of My Experience.
305.710.1010 | csmith@veryspecialhomes.com | facebook.com/CaroleSmithRealtor
Affiliated with EWM REALTY International | Christies International of Coral Gables
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