Mexican investor acquires ground-floor space occupied by nail salon in latest transaction; both deals brokered by ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III
Merrick Manor continues to generate interest from Latin American investors seeking prime commercial real estate within the luxury mixed-use building in Coral Gables. In the latest example, a Mexican investor acquired a 1,130-square-foot space occupied by Anaïs Nails & Spa on Merrick Manor’s ground floor.
The $1.05 million sale, which closed on April 30, 2021, is the second such transaction at Merrick Manor in the past 30 days. In a separate deal, a South American investor purchased a 1,115-square-foot space occupied by Elegance Beauty Salon for $1.03 million.
ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III, the exclusive sales representative for Merrick Manor’s 20,000 square feet of prime ground-floor commercial space, brokered both transactions.
“For Latin American investors, in addition to domestic investors, Merrick Manor is meeting the demand for stabilized luxury commercial real estate in Greater Miami,” Chamizo said. “The fact that the building is located in highly desirable Coral Gables, with brand-new space occupied by a diverse mix of retailers, makes it that much more appealing.”
Anaïs and Elegance are part of the Health and Beauty Corridor at Merrick Manor, which was developed by the Henry Torres-led Astor Companies. Other health and beauty retailers on the building’s ground floor include Body Details, Sweat 440 and Trésor. Chamizo is close to finalizing leases with a dentist and eye doctor to round out the corridor.
In October 2020, Chamizo arranged the sale of a Merrick Manor retail condo to Talent Hub Agency, a talent agency co-owned by Puerto Rican actor, singer, songwriter, composer and television personality Carlos Ponce. The Coral Gables Police Department opened its first substation on the ground floor of the building last year.
Merrick Manor is quickly running out of available commercial space.
A remaining 4,488-square-foot space with over 1,800 square feet of covered terrace is available. This prized corner is ideal for a showroom. It can also be divided into two spaces.
“Our thoughtful approach to target complementary but distinct retailers that serve Merrick Manor’s residents and the surrounding Merrick Park neighborhood is paying off,” Torres said. “Investors and end users are seizing the opportunity for unparalleled Class A real estate in Coral Gables.”
For additional commercial and retail opportunities available at Merrick Manor, contact Chamizo directly at (786) 453-3171 or email Flacommercial@gmail.com.
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative at the 227-residence Merrick Manor. For information about Merrick Manor’s residences, visit www.merrick-manor.com or call the Merrick Manor Sales Gallery at (305) 779-6870.
Miami law firm Rennert Vogel Mandler & Rodriguez is handling Merrick Manor closings on behalf of Astor.
About Merrick Manor:
Merrick Manor is the premier new condominium offering in Coral Gables. The 10-story, 227-residence community and its nearly 20,000 square feet of prime ground-floor retail space is located at 301 Altara Avenue – just steps away from the fashionable Shops at Merrick Park. With a modern twist on the timeless elegance of historic Coral Gables, the “City Beautiful,” the Mediterranean villa-style residences offer a unique selection of floor plans for one to four-bedroom designer-ready residences ranging from 574 to more than 3,400 square feet. Prices for remaining units start from $489,990 and range up to $2.6 million. For more information, visit the project Sales Gallery at 301 Altara Ave., Suite 119, call (305) 779-6870 or email info@merrick-manor.com.
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About Manny Chamizo III, ONE Sotheby’s Global Commercial Director:
Manuel Chamizo III is a seasoned professional with over 35 years of Commercial Real Estate experience. Manny Chamizo is widely recognized as a power broker and leading investment property expert. He was honored as “Best of the Best” by ONE Sotheby’s and named Power Broker by CoStar for his market expertise. Manny Chamizo has generated over $1 billion dollars in total transaction value throughout his career. He has over three decades of experience in all aspects of commercial real estate, including retail, multifamily and land development, as well as industrial sales.
