ROVR Development is pleased to announce it has closed on a $27 million loan for The Fairchild Coconut Grove, the new luxury waterfront condo development rising directly on Biscayne Bay in Coconut Grove. Ocean Bank provided the financing for the project which broke ground in April 2018 with an event with distinguished guests that included Mayor Francis Suarez and Commissioner Ken Russell. Construction at the project is on schedule for completion in Fall 2019.
“The closing of this construction loan from Ocean Bank is a significant milestone for us and an important step towards bringing our project to fruition,” said Oscar Rodriguez, Principal of ROVR Development. “Since breaking ground in April, construction at The Fairchild Coconut Grove has been advancing on schedule.”
“Ocean Bank has a strong history of supporting South Florida development,” said Ralph Gonzalez-Jacobo, Executive Vice President and Head of Lending, Retail Banking and Branch Administration at Ocean Bank. “We have an excellent relationship with the developers and are pleased to provide financing for this exceptional project.”
The Fairchild Coconut Grove was designed by local architect Max Strang in collaboration with interior designer Rafael de Cárdenas. The project features 26 exclusive two to four bedroom residences ranging in size from 1,714 to 4,114 square feet with pricing starting around $1.4 million and ranging up to $4.5 million. Residences are expansive and feature natural stone floors; lanais with views of Biscayne Bay and verdant neighborhood landscapes; gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units. All homes will be pre-wired with Smart technology and Crestron packages.
Amenities are designed by Rafael de Cardenas and include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; full-time porter; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.
One Sotheby’s International Realty is handling the exclusive sales and marketing for the property.
Check out photos of The Fairchild Coconut Grove Sales Gallery.