Coral Gables, FL Preconstruction

Berkadia announced it has arranged the sale of 1715 Douglas, an 0.87-acre development site located at 1715 Southwest 37th Avenue in the heart of Downtown Coral Gables, within walking distance to Miracle Mile, six million square feet of office space, and two million square feet of retail.

BAM Development acquired the development site, which is site plan approved for an 8-story, 120-unit Class A multifamily mid-rise development with 178 proposed parking spaces.

1715 Douglas has a strategic location in the thriving South Florida market. Coral Gables is experiencing a wave of growth that has easy access to major hubs like Brickell and the Miami Health District. As demand for sophisticated living spaces grows, 1715 Douglas will set a new standard for sophistication in the heart of Coral Gables.

The building’s design features a warm undertone, a color palette spanning white and dark grey smooth stucco walls, multiple balconies guarded by dark aluminum handrails, and structural concrete frame sections. The residential level windows incorporate sliding glass windows and doors, all packaged within a contemporary aesthetic.

1715 Douglas is strategically positioned at the heart of Downtown Coral Gables, providing easy access to many amenities. Within walking distance, residents can explore over 120 restaurants and enjoy the upscale shopping at Merrick Park.

Additionally, the property benefits from its proximity to key transportation hubs, including the Miami International Airport, Doral, Wynwood, and Coconut Grove, all within a short 30-minute drive. The Douglas Road Metro Rail Station further enhances connectivity, linking Coral Gables to Brickell, Downtown Miami, and Dadeland, and offering convenient access to an additional 16 million square feet of office space—all within a 20-minute commute.

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.

MG Developers hopes to start construction on Merrick Parc, a multi-million-dollar residential complex in Miami, Florida. It purchased the 43,785-square-foot site for $19 million. If approved, the development will offer two 20-story buildings comprising more than 190,000 square feet of new construction.

In total, the venture will offer 450 units and cost $204 million to build, according to the South Florida Business Journal. Amenities will include a swimming pool, social lounge, gym, and business center. The premises also features a parking garage with space for 288 vehicles.

The Next Miami notes that Merrick Parc will offer more than luxury homes. It’ll also offer 32,200 square feet of office space, as well as more than 6,300 square feet of ground floor retail space. The retail space will offer stores and dining options for those in the area.

Developers hope to break ground on Merrick Parc by the first quarter of 2023. Behar Font & Partners is the architect. Other entities associated with this project include Baron Property Group and Colliers International. S3 Capital offered $13 million in equity financing to make the venture possible.

Merrick Parc’s address is 3898 Shipping Avenue, Miami, Florida, 33146, in Miami-Dade County. Sources note that it’s near the Douglas Road Metrorail station and north of GW Carver Middle School.