HKS Real Estate Advisors has successfully closed on a substantial $21 million loan for Merrick Parc, a groundbreaking multifamily development in Coral Gables. This significant financial achievement underscores HKS’s expertise in navigating complex real estate…
The City of Miami’s Urban Development Review Board has received an application seeking warrants, waivers and approvals for the development of Merrick Towers, two 20-story mixed-use buildings that will yield a combined 387,568 square feet of space at 3898 Shipping Avenue. Designed by Atelier305 and developed by 3898 Shipping Avenue LLC, the two structures will rise to approximately 226-feet, and will consist of 268 residential units, 32,300 square feet of office space and 6,342 square feet of ground floor retail. The property is located near Coconut Grove at the intersection of Shipping Avenue and Southwest 39th Avenue, and is within walking distance of the Douglas Road Metrorail Station and the Shop at Merrick Park.