The Citadel Effect: Corporate Execs Seek “Turnkey” Residences in Coral Gables

A new report from Financial Times details how executives from finance giant Citadel are driving intense demand for “turnkey” homes in Coral Gables. Extremely tight supply levels make finding a residence in the City Beautiful quite challenging, however. In the FT article, local real estate agents compare the “Citadel effect” in Miami’s suburbs to that of Google in Venice Beach.

“Citadel bosses moving to the Miami suburbs have been willing to spend more for ‘turnkey’ homes that are ready to move into and require no renovations,” the article states. Coral Gables is the preferred destination for these executives because of its quality of life, schools and manageable commutes – among other factors.

For a short time, Merrick Manor can provide an ideal solution for management-level employees or young professionals seeking a place to live in Coral Gables for under $1 million. The luxury condominium building has just a few move-in ready one-bedrooms remaining, and with three pending sales the window to purchase at Merrick Manor is rapidly closing.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday.