As The Astor Companies President and CEO Henry Torres puts it, the Miami high-end condominium market is one with “more certainty” in 2019.
Torres, who is just weeks away from completing the 227-residence Merrick Manor in Coral Gables, was featured in a new Miami Today story about the state of Miami’s luxury condo market. He told the publication that buyers who were waiting out 2018 are now moving forward with purchases because “they understand that interest rates are only going to go up, existing inventory is dwindling and there are no new developments being launched” in the near future. Torres added that Coral Gables is a particularly strong market within Miami-Dade County because of the “dramatic” growth in the city.
Coral Gables is experiencing an evolution fueled by large commercial development and a wave of new retailers, which make the City Beautiful an even more attractive residential destination.
Construction of Merrick Manor will be completed during the first quarter of 2019. The project features interior design and furnishings by the renowned Interiors by Steven G.
Why wait years to close on a speculative pre-construction condominium when you can purchase a brand-new luxury residence and move in immediately after closing?
For more information, contact the ONE Sotheby’s International Realty sales team.
Located at 301 Altara Avenue, Coral Gables, FL 33146, the 10-story, 227-residence Merrick Manor is located just steps away from the luxurious Shops at Merrick Park.
For other information about the residences at Merrick Manor, call (305) 779-6870 or visit the project Sales Gallery at 4200 Laguna Street, which is located directly across the street from the project site.
For commercial and retail opportunities available at Merrick Manor, contact Roza H. Radkiewicz of Astor Real Estate Group at (305) 779-5672 or (786) 218-8322 or email firstname.lastname@example.org.