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MG Developer is building a $204 million, two-tower luxury residential multifamily named Merrick Parc in Miami.

MG Developer to Build $204M, 450-Unit Residential Tower Complex in Miami

Coral Gables-based MG Developer is building a $204 million, two-tower luxury residential multifamily in Miami.

MG Developer has partnered with The Baron Property Group to develop Merrick Parc and with Colliers International to finance an initial $24 million tranche with $13 million in equity financing. The initial land acquisition debt financing was provided by S3 Capital.

The mixed-use project will consist of 450 rental units including studios, one- and two-bedroom apartments with parking, retail space for shops and dining venues. The architectural team overseeing the design is Behar & Font.

Merrick Parc will site on a 43,785 square foot site near The Shops at Merrick Park and the University of Miami, bordering Coral Gables. The property is located four miles away from the Tri-Rail station, four miles away from the Miami International Airport, five miles away from Brickell, eight miles away from Wynwood and 13 miles away from Miami Beach.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
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