{"id":297083,"date":"2026-06-05T11:54:09","date_gmt":"2026-06-05T11:54:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/297083\/"},"modified":"2026-06-05T11:54:09","modified_gmt":"2026-06-05T11:54:09","slug":"bpg-secures-further-financing-for-merrick-parc-at-3898-shipping-avenue-miami-florida","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/297083\/","title":{"rendered":"BPG Secures Further Financing for &#8216;Merrick Parc&#8217; at 3898 Shipping Avenue, Miami, Florida"},"content":{"rendered":"<p> <img width=\"777\" height=\"559\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-1.49.19-PM-777x559.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>Image via Floridian Development <\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:00 am on June 5, 2026<\/p>\n<p>Developer Baron Property Group is one step closer to realizing a long-anticipated project in Miami. The firm, now working in partnership with LargaVista Companies, secured $30 million in construction financing for Merrick Parc. While the venture is not close to starting vertical construction, the loan bodes well for the development\u2019s future.<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/2022\/05\/merrick-parc-proposed-for-3898-shipping-avenue-miami-florida.html\" rel=\"nofollow noopener\" target=\"_blank\">Original plans for Merrick Parc<\/a> in 2022 called for two 20-story towers that would feature about 450 residences. Now, updated plans call for two 32-story towers that would host 806 units. The venture would be split into two phases, with each phase yielding one tower.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-40298\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-04-at-1.49.01-PM.png\" alt=\"\" width=\"1200\" height=\"869\"  \/><\/p>\n<p class=\"wp-caption-text\">Renderings of the community\u2019s layout. Image via Floridian Development<\/p>\n<p>The first phase is set to deliver 415 units, while the second phase will contain the remaining 391 units. \u00a0Homes will be a mix of studio to three-bedroom floorplans. The majority will be market-rate apartments, while 101 will be designated as workforce housing<a href=\"https:\/\/www.miamidade.gov\/resources\/housing\/documents\/affordable-housing-resources\/income-%20mortgage-limits.pdf\" rel=\"nofollow noopener\" target=\"_blank\">. The City of Miami<\/a> reserves workforce housing for households earning within 60 to 140 percent of the area median income, which was $87,200 as of May 2025.<\/p>\n<p>Aside from the residential aspect, Merrick Parc will feature 16,750 square feet of retail space, 13,065 square feet of open-air space, and 819 parking spots in a multi-level parking podium.<\/p>\n<p>Merrick Parc will occupy <a href=\"https:\/\/maps.app.goo.gl\/aegveKTHjHPcnC4FA\" rel=\"nofollow noopener\" target=\"_blank\">3898 Shipping Avenue, Miami, Florida, 33146<\/a>, in Miami-Dade County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Image via Floridian Development By: Colt Dodd 7:00 am on June 5, 2026 Developer Baron Property Group is&hellip;\n","protected":false},"author":2,"featured_media":297084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-297083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=297083"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/297084"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=297083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=297083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=297083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}