Mast Capital, AvalonBay complete Coral Gables apartments

BySouth Florida Business Journal
May 10, 2024

Mast Capital and AvalonBay Communities (NYSE: AVB) completed the Avalon Merrick Park apartments near the Shops at Merrick Park mall in Coral Gables.

The 20-story tower is located at 3811 Shipping Ave., just across the city line in Miami. It features 254 apartments.

See the gallery for a look at Avalon Merrick Park.

The apartments range from 456 to 1,530 square feet. Asking rent ranges from $2,060 to $6,000.

“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,” said Camilo Miguel, CEO of Miami-based Mast Capital. “Our community offers a unique urban and sophisticated setting complemented by spacious residences and lifestyle-driven amenities that create an elevated living experience.”

The building has a host of amenities, including a pool deck, a fitness center with a yoga studio, a lounge with a billiard table, a grilling area, coworking space, and a pet spa.

It was designed by Miami-based Arquitectonica and construction was completed by Miami-based First Florida Contractors.

Mast Capital acquired the 1.02-acre site from AT&T in 2017 and brought in Arlington, Virginia-based AvalonBay Communities as a partner in 2020.