1.02 acre development site of 153 rental units and 15,000 sf of retail
Located in an untapped micro-neighborhood adjacent to Merrick Park and Coral Gables, one of Florida’s most affluent communities
Acquisition
May 2017
Investment Opportunity
Off-market transaction at an attractive cost basis
The site offers the prestige and amenities of adjacent Coral Gables, while benefiting from the City of Miami’s flexible urban zoning
The site is adjacent to Miami’s metro rail and is located one stop from University of Miami and three stops from Brickell / Downtown, Miami’s primary employment hub
Proximity to the entertainment centers of Merrick Park, Coral Gables and Coconut Grove provides quick access to world-class restaurants, shops, cultural attractions and parks
Execution
Mast is in the conceptual design phase and has retained Arquitectonica, a premier architecture firm with deep Miami residential experience (e.g., Brickell City Centre, Icon Brickell, One Miami), to design the project