The Fairchild Coconut Grove has topped off with sales surpassing the 75% in one of the hottest neighborhoods in Miami, Coconut Grove. The luxury boutique condo project is being developed by ROVR Development and was designed as a tropical-modern sanctuary by acclaimed local architect Max Strang.Read More
The FAA has approved the Touzet Studio-designed Grove Central, an innovative $200 million mixed-use project that will use solar panels to produce its own electricity. Grove Central is located at the Coconut Grove Metrorail station and is being developed by Terra Group and Grass River Property.Read More
As the redevelopment of CocoWalk continues, the joint venture behind the project, comprised of Federal Realty Investment Trust (NYSE: FRT), Grass River Property and Comras Company, has announced that it has signed its anchor tenant, co-working company Spaces, to occupy 42,883 SF at the new Class A office building One CocoWalk.Read More
One of the most historic estates in Coconut Grove and the former winter retreat of 1920’s actor Rudolph Valentino, has sold off market for $4,500,000. The Moorish Compound, which is located on a rock bluff overlooking the prestigious South Bayshore Drive, was originally built in 1910 and is made up of a main house with three separate cottages on a 25,000 SF lot.Read More
Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium.Read More
West Coconut Grove, one of the hottest neighborhoods for development in Miami that has seen a massive transformation over the past 3 years, will be getting a massive new mixed-use project on the Grand Avenue corridor. Metronomic is under contract to purchase a 12 property assemblage at 3280-3461 Grand Avenue for $25 million with a closing date set in mid-February 2019. Metronomic, led by Ricky Trinidad, has proposed a $74 million, 297,000 SF mixed-use development that would feature luxury apartments, affordable housing, retail, office space, community parks, public parking and a 44-key hotel. Trinidad hopes receive FAA approval to build a rooftop helipad. The project is designed by Pablo Burgos of Burgos Lanza & Associates and Carl Levin of CLAD Architects.
The project would be built in multiple phases with the first being Metronomic Place, which will feature a boutique office building and the hotel component at 3280 Grand Avenue. Metronomic expects to break ground on Metronomic Place before the end of 2018 after locking down a $6.8 million construction loan financed by Fuse Funding. Metronomic Place will rise 5-stories and will feature the 44-key hotel, 5,000 SF of Class A Office Space, 3,200 SF of ground floor retail. Phase 2 would begin in March after the closing and would include the build-out of the rest of the project to be completed within 2 years. Phase 2 will include 38 furnished micro units, 82 luxury apartments rentals and 40 affordable housing units along with a public area for farmers markets and stage for live performances.
A waterfront mansion located a stones throw from Coconut Grove, that has been made famous as the location for music videos such as Where Da Cash At by Curren$y featuring Lil Wayne, Chevy Ridin’ High by Dr Dre, amongst others by Rick Ross, Tryna, and Fat Joe, is now listed for $12.9 million.Read More
There are few residences that combine high-styled interior design and an expertly curated art collection all while being located in an iconic tower designed by one of this generations top architects, Bjarke Ingels.Read More
Beverly Hills-based brokerage The Agency has picked Boca Raton as its first location in its highly anticipated expansion plan throughout South Florida.
The luxury brokerage celebrated the announcement last week at a private cocktail reception hosted in Faena’s Living Room, where they hit the ground running; contracts were signed and deals were inked on the hotel’s velvet, cheetah-print couches. The celebration followed The Real Deal’s South Florida Real Estate Showcase & Forum where Umansky revealed the finalized location.
The Agency is launching its office at 20 Southeast Third Street in mid-November, according to managing partners Chris Franciosa and Jared Ringel, who are leading the Agency’s expansion in South Florida along with Howard Elfman, the managing broker.
The brokerage was attracted to the “long-term stability” of Boca Raton and its potential for growth. The two-story, 6,700-square-foot office will house the Agency Development Group and the Agency Creates, its creative division.
The Agency plans to expand the business to Broward and Miami Dade, according to managing partners Franciosa and Ringel who joined the Agency from Douglas Elliman and have sold more than $100 million of real estate in their careers. The Agency anticipates about 20 agents joining the Boca office, but Ringel hinted at the possibility of a Miami location already in the pipeline as well.
In addition to its home base in Beverly Hills, the firm has 25 offices in Brentwood, Calabasas, Danville, Malibu, Noe Valley, Venice, Orange County, Pacific Palisades, Palm Desert, Park City, Scottsdale, Sherman Oaks, Turks and Caicos, Los Cabos, Punta de Mita and elsewhere.
It will compete with other high-end brokerages in South Florida like One Sotheby’s International Realty, the Keyes Company and Lang Realty.
Mike Pappas, CEO of the Keyes Co., stated that “Just as the L.A. market is very intense and competitive, so now is the South Florida market with all the major players, both local firms and firms outside of this market.”
Article by: Katya Demina
Habitat at The Grove, a new project matching urban style with luxury living, has been revealed in the heart of Coconut Grove. The brand-new boutique community features 8 townhomes that are designed to blend urban lifestyle with the tropical beauty of Coconut Grove.Read More