MIAMI-With Merrick Manor already surpassing the 70% sold mark in less than two months since launching, what's driving this accelerated interest in the Coral Gables market and what is attracting buyers to this development versus similar projects located in Downtown Miami, Brickell or Miami Beach.
GlobeSt.com caught up with Peter Torres, vice president of The Astor Companies—the developer of Merrick Manor—to talk about the company's market timing and what is driving the accelerated sales activity. Torres also reveals what types of buyers he's seeing for the first condo project to rise from Coral Gables dirt since the last cycle.
GlobeSt.com: Merrick Manor is the first condo to launch in the Coral Gables market in more than five years. What made you decide that the timing was right to launch?
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