A First Look Inside Mercedes-Benz Places Revealed at the Concours Club

Mercedes-Benz Places in Miami, the inaugural North American branded residential project, has unveiled its first look inside, marking a significant milestone in luxury living in Brickell. Developed by JDS Development Group in partnership with Mercedes-Benz, this mixed-use development merges modern living spaces with innovative mobility concepts, setting new standards for urban living.

The project, announced on February 26, 2024, has already seen remarkable success, with record sales of over 100 condominiums sold within the first four days on the market. The launch event, held at The Concours Club before the Formula 1 Miami Grand Prix, offered guests an exclusive preview of the residences' interiors, along with a unique conversation hosted by Toto Wolff, Team Principal & CEO of Mercedes-AMG PETRONAS F1 Team, and Michael Stern, Founder and CEO of JDS Development Group. Test drives in Mercedes-AMG GTR cars on the racetrack with professional drivers from Mercedes-Benz USA completed the unique experience of lifestyle in Miami.

Designed to offer a seamless mobility journey, Mercedes-Benz Places in Miami features a private porte cochere and panoramic rooftop pool, providing residents with breathtaking views of the skyline and cityscape beyond. Each residence, ranging from studios to three-bedrooms, is meticulously crafted to reflect modernity and luxury, with floor-to-ceiling windows, deep terraces, and spectacular views of Miami, Biscayne Bay, and the Atlantic Ocean.

Interior designs, created by the experts at Woods Bagot in collaboration with the Mercedes-Benz design team, showcase crisp blacks and whites, warm woods, and significant graphic elements, reflecting the brand's commitment to automotive-detailing, precision, and quality. Custom-designed kitchens and principal baths offer light and dark finish options, integrated Miele appliances, and luxurious marble countertops.

The architectural design, created by award-winning SHoP Architects, embodies Mercedes-Benz's design philosophy of Sensual Purity, combining intelligence and emotion to create clear forms and sensuous surfaces. The cube-shaped mixed-use tower features technical silver, classic black and white elements, and undulating curves, creating distinctive highlights and stimulating contrasts.

Gregg Pasquarelli, Founding Principal of SHoP Architects, highlights the project's investment in the Brickell community, stating, "Mercedes-Benz Places will revitalize public space in the neighborhood of Southside Park while making a statement with its superior quality in design."

Mercedes-Benz Places in Miami represents more than just a development; it embodies a vision for the future of urban living, offering residents a luxurious and connected lifestyle in the heart of Miami's vibrant Brickell district.

Royal Palm Companies Secure $86 Million Financing for Tuscany Village

In a significant stride towards expanding quality residential options in Orlando, Royal Palm Companies led by Dan Kodsi and the Mattoni Group proudly announce the securing of an $86 million construction financing loan and the launch of Tuscany Village, a sprawling 420-unit multifamily complex set to enhance the Sanford area.

Strategically located at the southwest corner of State Road 46 and Upsala Road, Tuscany Village is poised to become a cornerstone community within Sanford, spanning 21 acres with seven four-story buildings. With construction slated to commence in the coming weeks and phased completion expected by 2026, the project is primed to transform the local residential landscape.

The acquisition of the development site at 4201 West First Street in June for $12.7 million laid the foundation for this ambitious venture. Financing for Tuscany Village has been secured through a partnership with City National Bank and Abanca USA, contributing $68 million in loans, and Origin Investments, providing $18 million in preferred equity. Notably, these financial arrangements feature floating interest rates without a rate cap, reflecting confidence in the project despite current economic uncertainties.

Royal Palm Companies, renowned for its innovative approach to real estate development since its inception in 1978, boasts a portfolio of $4.7 billion in developed, repositioned, and under-construction projects, including over 9,500 completed residential units. The collaboration with the Mattoni Group underscores the significance of Tuscany Village, leveraging their combined expertise to ensure the delivery of a top-tier residential community.

Despite challenges such as elevated interest rates, insurance premiums, and regional specifics like high concrete costs in South Florida, the decision to proceed with Tuscany Village reflects the unwavering commitment of Royal Palm and Mattoni Group to innovation, quality, and meeting the evolving needs of Florida's residents.

More than just a development project, Tuscany Village represents a future home for hundreds of families and individuals, meticulously designed to foster a vibrant and connected community. Royal Palm Companies and Mattoni Group are dedicated to bringing this vision to life, positively impacting the Sanford region and the broader Florida housing market.

Todd Michael Glaser Sells Off-Market Commercial Building in Palm Beach For $3.9 Million

Palm Beach-based spec home developer Todd Michael Glaser has sold a commercial building in Palm Beach for $3.9 million. Located at 175 Bradley Pl., just four blocks north of The Royal Poinciana Plaza on Palm Beach Island, the 2,145 SF building was acquired by plastic surgeon Dr. Norman & Mia Rowe and traded for $1,181 PSF. The building was previously used as the headquarters for Todd Michael Glaser’s development firm. Stefano Santoro of Disruptive Real Estate represented the buyer and Fran Frisbie of The Corcoran Group represented the seller. The transaction represents one of eight retail trades on Palm Beach in the first four months of 2024; and of that eight, three were bought by the Breakers.

Crunch Fitness Founder Doug Levine Sells Three Prime Wynwood Commercial Properties for $23.5 Million

Miami-based real estate investor and Crunch Fitness founder Doug Levine has sold three prime Wynwood retail and office buildings to Eric Benaim, the principal of Benaim X Partners, for $23.5 million. Situated at 2324-2328 North Miami Avenue, 38 Northwest 24th Street, the three buildings total 25,855 square feet and are fully occupied. Additionally, the buildings offer approximately 215,000 square feet of development rights. The buildings date back to their original completion in 1928 and 1950. Their recent sale was orchestrated by Dwntwn Realty Advisors, with brokers Devlin Marinoff and Tony Arellano overseeing the listing.

Currently home to tenants such as The Hotel Collection, Backdoor Monkey nightclub and restaurant, a smoke shop, Aroma 360 and Amor Miami Restaurant and lounge, the buildings occupy a coveted position directly across from The Oasis in the heart of Wynwood. With thousands of residential units slated for construction in the vicinity, the location stands poised to become a premier destination for residents and visitors alike.

Eric Benaim and Benaim X Partners have their sights set on preserving the property's historic character while infusing it with new life. With plans to retain the existing structures for the foreseeable future, Benaim intends to enhance the site's cultural significance by commissioning murals to be created for the buildings, further cementing Wynwood's reputation as an artistic destination.

"Benaim X Partners' acquisition of these buildings marks a pivotal moment in contributing to the ongoing revitalization of Wynwood," noted Benaim. "As someone with experience in emerging neighborhoods, I view Wynwood today much like Williamsburg, Brooklyn, a decade ago. Wynwood holds immense promise for both residents and visitors, offering boundless opportunities for living, playing, working, and shopping. We look forward to doing additional deals in Miami and continuing to contribute to the wave of innovation and creativity."

Chef Erhan Özkaya Partners With Gale Miami Hotel & Residences To Bring 3 New Dining Concepts to Downtown Miami

Gale Miami Hotel & Residences and renowned chef Erhan Ozkaya have partnered to bring three new dining concepts to the hotel-condo tower which is nearing completion on Downtown Miami’s Biscayne Boulevard. The project’s grand opening is scheduled for May 2024. Chef Ozkaya brings his esteemed talents to Gale Miami for a variety of dining concepts ranging from an American-style steakhouse, an Italian concept, to a Mediterranean outpost featuring a menu inspired by his Turkish heritage; which will be complemented by concierge catering services tailored for both residents and outside guests.

Chef Erhan Ozkaya's culinary journey is a testament to his love of food and a celebration of his culture. Originally from Iskenderun, Turkey, his passion for cooking began in his grandparents' kitchen, where he first learned to experiment with ingredients and flavors of the local cuisine. Driven to pursue his culinary aspirations, Chef Ozkaya studied Tourism and Hotel Management before refining his skills at esteemed hotels such as Hilton Mersin and Hilton Istanbul. No stranger to Miami’s highly competitive culinary scene, he has worked at legendary hotspots The Bazaar by Jose Andres, Mandolin Aegean Bistro, and elevated the dining landscape as a Corporate Chef for Soho House in Miami and Istanbul. Chef Ozkaya's repertoire spans Italian, Spanish, and Turkish, and many world-wide cuisines. His exceptional talents earned him recognition as the executive chef at Wynwood Diner, which was named the "Best Diner of 2015." Most recently, he played a pivotal role at the world-renowned Joia Beach Club, collaborating with nightlife experts Chris Paciello and Mio Danilovic and further solidifying his ability to bring unique concepts to life.

"Joining forces with Gale Miami Hotel & Residences means adding my own touch to downtown Miami’s already flourishing restaurant scene," says Chef Erhan Ozkaya. “Miami is a melting pot of cultures and flavors, and together with Gale Miami, we will create a culinary destination that celebrates the rich tapestry of Miami's dining scene,” he adds. “The culinary world is all about storytelling, and I can't wait to share the tales of my Turkish heritage and global culinary adventures through the dishes at Gale Miami. This partnership is about more than just food—it's about cultivating something truly exceptional right in the heart of Downtown Miami.”

Chef Erhan Ozkaya's vision will manifest in three exquisite dining concepts at Gale Miami Hotel & Residences. The first restaurant to open in Summer 2024, an Italian concept located on the ground floor with expansive indoor-outdoor seating and a 360 bar. On the 9th floor, guests will have the pleasure of experiencing two unique dining options. The second will be an American steakhouse and lounge will deliver prime cuts and impeccable service in an elevated, timeless setting, followed by a Mediterranean-inspired restaurant with nods to Erhan's Turkish heritage. The Mediterranean restaurant will also feature a retractable roof and an outdoor terrace, showcasing breathtaking views of downtown Miami. Chef Erhan Ozkaya's expertise will extend beyond the restaurants and include concierge catering services for the Gale Miami Conference Center, located on the 8th floor. With distinguished catering and over 20,000 square feet of thoughtfully designed space, the Conference Center is perfect for hosting a variety of events including corporate gatherings, weddings, and cocktail parties, ensuring memorable moments for every occasion.

“Welcoming Chef Erhan Ozkaya to this project ensures that Gale Miami will be at the forefront of the ever-expanding Downtown Miami culinary scene,” says Keith Menin of Sixth Street Miami Partners LLC. "His exceptional culinary talents and reputation made him the perfect choice to conceptualize unique dining concepts that align with our vision for Gale Miami Hotel & Residences,” he adds. “The three dining concepts are sure to be nothing short of spectacular, especially with Chef Ozkaya's passion for storytelling through food and his extensive expertise across various cuisines.”

Reimagining History: The Moore in Miami Design District Unveils Elastika Restaurant

WoodHouse, the visionary development company, has announced the highly-anticipated reopening of The Moore in the Miami Design District, marking the beginning of a new chapter for this iconic landmark. Stepping into its next century, The Moore emerges as a vibrant lifestyle and cultural destination, featuring a private members club, boutique hotel, executive offices, gallery space, and the exciting addition of Elastika, a modern-American restaurant set to open its doors to the public this weekend.

Elastika, nestled on the first floor, introduces a fresh culinary experience under the guidance of acclaimed Executive Chef Joe Anthony. Designed to be more than just a restaurant, Elastika aims to become the heartbeat of the Miami Design District—a place where people gather, dine, and immerse themselves in the rich tapestry of art and culture that defines the area.

Drawing inspiration from Miami’s diverse international community and The Moore’s storied legacy of art and design, Elastika embodies a culinary canvas where carefully curated ingredients and heartfelt cooking techniques converge. The restaurant's namesake pays homage to the iconic Zaha Hadid sculpture, Elastika, suspended majestically throughout the four-story atrium above the dining room—a stunning testament to Miami's boundless creativity.

Brady Wood, Founder & CEO of WoodHouse, shared that “Our vision for Elastika extends beyond the menu. We've transformed the first floor of The Moore into the lobby of the Miami Design District—an inviting destination where people can gather, dine, and enjoy the landmark building and Zaha Hadid's iconic sculpture.”

Elastika’s menu reflects a commitment to sourcing the finest ingredients and close collaboration with local farmers, including Tiny Farm, French Farms, Swank Specialty Produce, and others. Executive Chef Joe Anthony expressed his culinary philosophy, saying, “Our culinary vision is to create vibrant food that is original and thoughtful, yet humble in its roots. By being conscientious about sourcing regenerative and sustainable ingredients whenever possible, we are able to create a distinct style of cuisine while still pushing flavor to the forefront.”

The menu features a range of globally eclectic dishes including the Heirloom Tomato Gazpacho with pickled tomatillos, avocado and fennel pollen focaccia; the Citrus Cured Kingfish Crudo with fermented farro, local kohlrabi and cucumber “aguachile;” a Grass-Fed Bison Tartare, with escabeche aioli, umami crumble and house-made country loaf; Eggplant and Sheep’s Milk Ravioli Serviettes, with spring fricassee, local mushrooms and pine nut froth; Grilled Heritage Pork "Ribeye" with tiny farm's turnips, grilled broccoli rabe and red verjus-cardamom sauce; and the Miso Marinated Beef Tenderloin, with Castle Valley Mill's farro, local herb coulis and carrot "hot sauce."

The design ethos of Elastika seamlessly blends modern sophistication with the building's original architectural elements, creating an ambiance that is both inviting and elegant. Curated by Miami-based art advisor Monica Kalpakian, the restaurant features a collection of contemporary art, including Rob Pruitt’s US (2013) on loan from the late Rosa de la Cruz’s esteemed collection.

Collaborating with hospitality design firm ICRAVE, WoodHouse has transformed the historic atrium into a culinary haven, complete with an expansive bar, plush velvet seating, and a semi-private dining room. The addition of a new skylight floods the space with natural light, while the sidewalk patio offers a charming al fresco dining experience amidst lush greenery.

The history of The Moore, dating back to the 1920s Florida Land Boom, adds another layer of intrigue to Elastika's narrative. Once a furniture showroom and warehouse, The Moore has played a pivotal role in shaping Miami's landscape, hosting numerous high-profile events and exhibitions over the years.

Elastika will be open for dinner from 5 p.m. to 11 p.m. on Fridays and Saturdays, and from 5 p.m. to 10 p.m. Monday through Thursday. Lunch service will commence from 12 p.m. to 3 p.m. Monday through Saturday starting May 3, 2024. For reservations and to learn more visit www.elastikamiami.com.

Oak Row Equities Breaks Ground On 2600 Biscayne Boulevard In Miami's Edgewater Submarket

Oak Row Equities, a vertically-integrated private equity and real estate development company with over $1.6 billion of development in South Florida, have broken ground on 2600 Biscayne Boulevard, a transformative Class AAA multifamily and office tower in the rapidly-maturing Edgewater neighborhood of Miami. Coastal Construction Group, one of the largest general contractors in the Southeast, is the general contractor. Globally-renowned architecture firm Arquitectonica is responsible for the design of the luxurious 41-story building, which will be home to an original public art piece by acclaimed artist Derrick Adams. Vida, a Portland-based full service interior design and interior architecture firm, is designing the interiors. The commencement of construction follows the pre-leasing of 50% of the commercial space, and the closing of a $181M loan from Bank OZK – one of the largest multifamily construction loans to close in South Florida this year.

“We are thrilled to be breaking ground at 2600 Biscayne. We are focused on delivering the highest quality multi-family and office product to the Edgewater submarket,” said Erik Rutter, Managing Partner at Oak Row Equities. “We believe by breaking ground today we will deliver into a supply-constrained market and be well-positioned as the highest quality asset in Miami-Dade County.”

2600 Biscayne comprises an entire city block and is conveniently located one block from the planned Northeast Corridor rail stop. The tower features 187,000 square feet of prime office and retail space and 399 luxurious studio to three-bedroom (plus den) rental residences. With exceptional design, ample private outdoor space, modern finishes, stunning views, and state-of-the-art amenities, these residences will rival new condo construction homes. An elaborate mural will be displayed on the western portion of the facade visible from multiple neighborhoods by celebrated artist Derrick Adams.

"2600 Biscayne will dramatically enhance the caliber of multifamily and office space in Edgewater and really create a new upper tier for these asset classes in South Florida," says David Weitz, Managing Partner at Oak Row Equities. “We are thrilled to be breaking ground on this exciting new project, and are proud to be working with such sophisticated financial institutions who are invested alongside us in South Florida’s bright future.”

"Coastal Construction Group is honored to join Oak Row Equities in breaking ground on 2600 Biscayne Boulevard,” said Patrick Erin Murphy, Executive Vice President of Coastal Construction Group. “We are excited to contribute to the transformation of the Edgewater neighborhood with esteemed partners and look forward to playing a part in delivering this building.”

The residential portion of the tower will begin 135 feet above the ground, ideal for residents looking for the quintessential Miami view. Multiple levels of residential amenities include a pet spa, private lounge, yoga studio, and top-of-the-line fitness center. A wraparound 12th-floor amenity deck will have a lap pool, cold plunge, hot tub, well-appointed cabanas, and BBQ grills. The tower’s 41st floor will feature a coworking lounge and rooftop deck with some of the best views in Miami.

Residents will enjoy a seamless arrival experience via a dedicated residential porte-cochére with lush, covered waiting areas for ride shares. 2600 Biscayne will have EV charging stations and over 600 parking spaces for added convenience.

2600 Biscayne will be Gold Certified National Green Building Standard. The tower’s offices are almost 50% pre-leased and will be located on the first ten floors within a sculptural pyramid-like structure. Office tenants will have access to touchless entry points and elevators to easily divisible floor plates with 14’ ceilings. There will be floor-to-ceiling glass throughout the spaces, private tenant balconies, and a wide range of indoor and outdoor wellness-focused amenities.

Outdoor amenities exclusive for the office tenants include a landscaped rooftop terrace, exclusive padel court, open-air seating, covered picnic areas, an outdoor wellness and yoga deck, and more. Inside, there is a dedicated business lounge, private meeting areas, conference rooms, and an entertainment room with a golf simulator.

Vehicular arrival for office tenants will be via a private porte-cochére and a designated lobby. Dedicated valet and tenant parking will be available along with 24/7 security and access.

Edgewater offers lifestyle amenities such as the lush eight-acre Margaret Pace Park, and robust retail and culinary options. Wynwood, Midtown, and the Design District are moments away. Whole Foods and a Northeast Corridor rail station will be within blocks upon completion. Miami International Airport, I-95, Miami Beach, and Brickell are easily accessible from Edgewater.

ISABELA GRUTMAN TO OPEN HER FLAGSHIP STORE IN THE MIAMI DESIGN DISTRICT

Model, fashion & jewelry designer Isabela Grutman is set to unveil her highly anticipated flagship store, ISA GRUTMAN, nestled within Miami Design District's Paradise Plaza. The store, slated to open its doors to the public in the first week of May, promises a serene retreat for jewelry enthusiasts seeking refined elegance.

Drawing inspiration from the captivating allure of ISA GRUTMAN Jewelry, the store's ambiance exudes grace and sophistication. Designed by Cristina Souza from MC Studio and executed by General Contractor Al Lopez from Concierge Services, every element of the 1,122-square-foot space reflects meticulous attention to detail.

Upon entering the store at 151 N.E. 41 Street, Suite 221, guests are welcomed into a haven of comfort and luxury. Plush beige sofas by Italian designer Baxter, complemented by stone accents from Arca, create an inviting atmosphere. The herringbone floors add a touch of timeless elegance, setting the stage for a memorable shopping experience.

The store's open-concept design features a lounge area surrounded by glass-enclosed jewelry displays, adorned with gold accents and bespoke lighting. This seamless blend of chic minimalism and sophisticated decor mirrors the essence of everyday wearable luxury jewelry.

Isabela Grutman, a native of Brazil, infuses her cultural heritage into every aspect of the store. "I envisioned a space that feels luxurious yet comfortable, where minimalism meets chic sophistication," she shares. "It's a place where everyone—family, friends, clients—can feel welcomed and at ease, embodying the lifestyle of Isa Grutman Jewelry."

The store's opening will showcase several new collections alongside stunning emerald pieces exclusive to the location. Shoppers will have the opportunity to explore the brand's meticulous craftsmanship firsthand, indulging in the world of ISA GRUTMAN.

With a passion for fashion and a commitment to meeting the demand for versatile jewelry pieces, Isabela Grutman aims to transcend the traditional boundaries of the industry. Beyond the brick-and-mortar experience, consumers can also explore her statement pieces online at www.isagrutman.com.

The ISA GRUTMAN store represents more than just a retail space—it's a destination where artistry, culture, and luxury converge. Located at 151 N.E. 41 Street, Suite 221, Miami, FL 3313, the store invites visitors to immerse themselves in the timeless elegance of Isa Grutman Jewelry.

Operating hours are Monday through Saturday from 11:00 a.m. to 8:00 p.m. and Sunday from 12:00 p.m. to 6:00 p.m.

Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

Mast Capital Delivers Avalon Merrick Park Coral Gables Multifamily In Partnership with AvalonBay Communities

Miami-based real estate development firm Mast Capital in partnership with AvalonBay Communities, a publicly traded real estate investment trust that invests in multifamily developments, has delivered Avalon Merrick Park. Situated at 3811 Shipping Ave. in the upscale Coral Gables area, the residential community has 254 luxury rental units and an array of unmatched amenities to accommodate the growing demand for luxury rentals.

“Coral Gables continues to outperform as one of the most highly desired cities and in-demand residential markets across South Florida,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “The delivery of Avalon Merrick Park and the leasing success to date underscores the rising demand for high-quality housing in the Coral Gables market. Our community offers a unique urban and sophisticated setting complemented by spacious residences and lifestyle-driven amenities that create an elevated living experience.”

Avalon Merrick Park offers a variety of floorplans ranging from studios, one-, two-, and three-bedroom apartments spanning from 456 to 1,530 square feet in size. The thoughtfully designed living spaces feature modern kitchens with quartz countertops and stainless-steel appliances boasting tile backsplash, LED lighting, and hard-surface flooring.

Designed by award-winning architecture firm Arquitectonica and constructed by First Florida, the multifamily development offers a robust amenity package that includes an elevated, resort-style swimming pool with infinity edge and ocean views, state-of-the-art fitness center complete with a yoga studio, a resident lounge with coworking spaces and pet spa. Residents will also enjoy Avalon Connect offering high-speed WIFI in both units and common areas, digital resident services including the ability to submit service requests and pay rent online, and lockers for the secure delivery of packages.

Avalon Merrick Park is within walking distance of one of the area’s most acclaimed open-air lifestyle centers, Shops at Merrick Park, home to luxury and designer brands and a variety of upscale dining, shopping, and entertainment options. The residential community is just one mile from the center of Coral Gables, where its iconic pedestrian promenade Miracle Mile is considered a premier destination with dozens of shops, eateries and cafes. The property is also conveniently close to other popular neighborhoods such as Coconut Grove, South Miami, Brickell, and Downtown Miami.

Mast Capital has emerged as one of Florida’s most active real estate development and investment firms, with a diverse portfolio of residential and commercial properties throughout the region. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new-build development of 4,000 residential units in Brickell, Miami Beach, Fort Lauderdale, Palm Beach County, as well as the Orlando, Fort Myers, and Tampa Bay metro areas.