Coral Gables, FL Preconstruction

Berkadia has successfully facilitated the sale of 1715 Douglas, a prime 0.87-acre development parcel situated at 1715 Southwest 37th Avenue in the vibrant core of Downtown Coral Gables, just steps from Miracle Mile.

The property was acquired by BAM Development, which holds site plan approval to construct an eight-story, 120-unit Class A multifamily mid-rise community featuring 178 parking spaces.

The architectural vision for the building embraces a contemporary style with a sophisticated color scheme of white and dark gray smooth stucco. The design incorporates multiple balconies framed by dark aluminum railings and structural concrete elements. Residential units will feature sliding glass windows and doors, enhancing the modern aesthetic and promoting indoor-outdoor living.

Located in a thriving market with convenient access to major hubs such as Brickell and the Miami Health District, 1715 Douglas is poised to set a new benchmark for upscale urban living in Coral Gables.

Urban 301 Madeira LLC, an Aventura-based firm, recently secured a $59 million loan for a residential project. Dubbed "301-341 Madeira" by Coral Gables city records, the complex would measure nine stories above grade and offer 145 apartments. Amenities would include a swimming pool, fitness center, and all residents lounge.

That of those 145 apartments, nine would be ground-floor, live/work units. The 100-foot-tall building would host a fourth-floor amenity deck, featuring a swimming pool, fitness center, and residents’ lounge.

There would also be 227 parking spots (about 1.5 per unit) and a 5,270-square-foot public park. 

As noted, Urban 301 Madeira LLC is the developer. It received the $59 million loan from City National Bank of Florida. Behar Font & Partners is the architect. 

Despite what the name suggests, 301-341 Madeira would occupy the 1.45-acre plot at 301 to 335 Madeira Avenue, Coral Gables, FL, 33134, in Miami-Dade County.

Revitalized Plans Unveiled for Merrick Parc: Twin Towers to Rise 31 Stories Near Coral Gables

MG Development, in collaboration with New York-based Baron Property Group, has submitted updated designs for Merrick Parc, a transformative twin-tower development near Coral Gables and the Douglas Road Metrorail Station. Originally proposed as two 19-story rental buildings with 450 units, the revamped project now features 31-story towers (361 feet tall) with 806 residential units, significantly increasing density while enhancing pedestrian-friendly design elements.

Key Project Highlights:

• 806 luxury residential units (nearly double the initial plan)
• 819 parking spaces and an 865-space garage
• 16,750–17,000 sq. ft. of ground-floor retail/commercial space
• Over 60,000 sq. ft. of open space, including shaded walkways and greenery
• Prime location: 3898 Shipping Ave, adjacent to Coral Gables and major transit

Strategic Expansion & Design Enhancements

Designed by Behar Font & Partners, the towers now prioritize linear unit layouts, expanded retail space, and pedestrian-oriented streetscapes with shade trees. The developers assembled the site in 2022, acquiring parcels for 19.5million (3898 Shipping Ave) and 16 million (adjacent lots).

Financing & Broader Portfolio

• Secured $24 million in financing from New York’s S3 Capital for the initial phase.
• MG Development, led by Alirio Torrealba, is also advancing Metro Parc in Hialeah - a three-phase, 1,526-unit apartment complex.
• Baron Property Group, founded by Matthew Baron, is co-developing multiple projects with MG.
• Additional ventures include The Village at Coral Gables, a 48-unit mixed-use complex at 535 Santander Ave.

The developers have requested a pre-application meeting with Miami-Dade County to refine plans based on official feedback. This marks a major step forward for a project poised to reshape a rapidly growing corridor. For renderings and design details, Behar Font & Partners serves as the lead architect.

With its transit-adjacent location and expanded scale, Merrick Parc reflects the surge in high-density, mixed-use development near Coral Gables—catering to demand for urban living, retail, and connectivity.