Developer Baron Property Group is one step closer to realizing a long-anticipated project in Miami. The firm, now working in partnership with LargaVista Companies, secured $30 million in construction financing for Merrick Parc. While the venture is not close to starting vertical construction, the loan bodes well for the development’s future.
Original plans for Merrick Parc in 2022 called for two 20-story towers that would feature about 450 residences. Now, updated plans call for two 32-story towers that would host 806 units. The venture would be split into two phases, with each phase yielding one tower.
Renderings of the community’s layout. Image via Floridian Development
The first phase is set to deliver 415 units, while the second phase will contain the remaining 391 units. Homes will be a mix of studio to three-bedroom floorplans. The majority will be market-rate apartments, while 101 will be designated as workforce housing. The City of Miami reserves workforce housing for households earning within 60 to 140 percent of the area median income, which was $87,200 as of May 2025.
Aside from the residential aspect, Merrick Parc will feature 16,750 square feet of retail space, 13,065 square feet of open-air space, and 819 parking spots in a multi-level parking podium.
Merrick Parc will occupy 3898 Shipping Avenue, Miami, Florida, 33146, in Miami-Dade County.
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