Master Brokers Forum: Master Brokers Forum member Sandra Masis presents this fully-furnished Park Grove penthouse; a gorgeous combo residence featuring 3 bedrooms and 2 bathrooms in the brand-new project everyone is talking about. With a bright and spacious floorplan, this residence boasts 1,373 SF of interior space.
Read MoreMajor Food Group To Open Sadelle's In Coconut Grove At Former Tigertail + Mary Retail Condo Which Just Sold For For $5.5 Million
The Related Group and Terra Group joint venture that developed Park Grove in Coconut Grove has sold two retail condos in Park Grove including the former Tigertail + Mary restaurant space. Major Food Group, the restauranteurs behind Carbone and ZZ Sushi Club, will open their Sadelle’s concept at the former Tigertail + Mary space.
Read MoreCheck Out The Newly Completed Park Grove By Terra & Related Group In Park Grove
Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two and Three Park Grove as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas.
Read MoreOne Park Grove, The Third & Final Tower of The Exclusive Park Grove Community Breaks Ground in Coconut Grove
Terra Group and The Related Group celebrated the groundbreaking of One Park Grove, the third and final tower of the elite residential enclave designed by OMA/Rem Koolhaas. The development, architecture and sales teams, as well as elected officials, commemorated the milestone with a shovel-in-hand ground breaking ceremony
Read MorePark Grove Hosts Panel Discussion On The Future of Coconut Grove With Terra and Related Group
Park Grove, led by Miami-based mega-developers Related Group and Terra, hosted a panel discussion on the new developments and future of one of Miami's oldest neighborhoods, Coconut Grove. The Lunch and Learn panel highlighted the evolution of Coconut Grove and new happenings in the retail, culinary, commercial, design and architecture sectors.
Read MorePROFILE Exclusive: Transforming Coconut Grove with David Martin of Terra
PROFILEmiami had the exclusive opportunity to sit down with David Martin, one of the founders of Terra and the mastermind behind Park Grove and Grove at Grand Bay. Find out how he is helping transform Coconut Grove into one of Miami's hottest neighborhoods.
PM: You guys have been integral in transforming Coconut Grove. What do you think of the recent new developments in Coconut Grove and the new energy they have brought?
DM: I think it is about time. I think that the world and the city is realizing a lot of the amazing assets thats Coconut Grove has. It has amazing parks, amazing schools, amazing people. Geographically it is strategically located to a lot of different other neighborhoods as well. Now with the Grove at Grand Bay project that we did, it was big, and now Park Grove with Related, I think that this is developing into a neighborhood with new architecture as well as with some of the old Florida architecture as well. It has a good diversity and design and I think that there is a lot of new restaurants that are coming and a lot of new retail. Coconut Grove is a neighborhood that has a lot of components but it is very quite and peaceful. That quiet innocence is what people are looking for to raise their families, or spend time with their families. A lot of our buyers are empty nesters so they're looking for urbanism and walkability so that tree canopy here and walkability is very important as well.
PM: How did the concept for Park Grove and the partnership between Terra & Related Group come about?
DM: My father (Pedro Martin) and Jorge (Perez) have been very good friends for many years and I have always respected a lot of Related's team so we decided to do this together and we are working to see how we can get the best out of each organization and really put it in place here in Coconut Grove. We are very excited and happy with the partnership. We were both going after the same site and we decided to do it together.
PM: Coconut Grove has seen some great towers be built in recent years. You guys built Grove at Grand Bay next door, what sets Park Grove apart from these other developments? What makes it so unique?
DM: Grove at Grand Bay is 3 acres, this one (Park Grove) is over 5 acres. Park Grove is a little more connected to the retail district and village. The amount of amenities in Park Grove is a significant number so those are some of the unique things. Also the residences, Park Grove's columns are on the exterior of the building while the columns at Grove at Grand Bay are in the interior of the residences.
PM: What is the best feature that residents will enjoy?
DM: Two things, the ceiling heights are pretty significant. Were talking about 12 feet which is an important component. Most of the comparable buildings are 9 or 10 feet. The views and the design of this building is very intellectual and very "amenitized" so I think residents are going to see a lot of see a lot of services here that is unique to other buildings.
PM: What will Park Grove mean to Coconut Grove and Miami in the short & long term?
DM: I think that there is a few things. This development will bring over 200 families to come live and be part of Coconut Grove's urban life. Also the tax revenue from this development is going to create a good financial engine for the city to create projects that will improve people's lives.
PM: Where do you see Coconut Grove's place in Miami in the next 5 to 10 years?
DM: What is interesting about Coconut Grove is that it has very restrictive zoning so I don't see many opportunities. I think that this (Park Grove) is one of the last sites left to really build something of significant scale so most of the Grove is either single family residential or T-5 in the urban district which is 5 stories so overall I think that this is going to be a unique project for many years.
About David Martin & Terra:
Terra is an integrated development firm in South Florida focused on creating sustainable, design-oriented communities that enhance neighborhoods and bring people together. Founded in 2001 by father and son Pedro and David Martin, who have played a significant role in the transformation of South Florida. Terra's portfolio includes luxury high-rises, single family homes, townhouses, retail shopping centers, office space and multifamily apartments, both in urban and suburban areas. Each development is a strategic investment in the region, with the impact on individual communities always carefully considered. Terra has had a recent push in Coconut Grove, Miami Beach, Doral and Weston. Terra has recently developed two new luxury condos that are helping revitalize Coconut Grove, the Bjarke Ingels-designed Grove at Grand Bay and the Rem Koolhaas-designed Park Grove. Terra also developed Glass, a 10-unit condo designed by Rene Gonzalez, in Miami Beach's South-of-Fifth neighborhood. Terra is currently working on Eighty Seven Park, a 70-unit beachfront condo designed by Renzo Piano in addition to other projects.
Read about Park Grove and check out the renderings of the project.
Read about the Park Grove Top-Off.
PROFILE Exclusive: Terra Group Celebrates Park Grove Top-Off With Tour & New Renderings Released
Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the top-off of Two Park Grove as the project continues to transform the Coconut Grove skyline. They also released new renderings of the restaurant which will be by Miami restauranteur Michael Schwartz, which he said will feature a wood-fire grill and will be designed by Meyer Davis. Terra Group also released new renderings of the 5-acre "park" initiative, the lush amenity deck featuring a sculpture park, amphitheater and 5-acres of private, serene, lush landscaping for residents to enjoy, designed by Enzo Enea. According to developer David Martin, residents will notice that 12 foot ceiling height as well as the exterior column exoskeleton design as opposed to interior columns, allowing sweeping glass wall views of Biscayne Bay directly out to the Atlantic Ocean.
"This is developing into a neighborhood with new architecture as well as with the old Florida architecture so it has a good diversity and design. There are a lot of new restaurants that are coming and new retail, so I think that Coconut Grove is a neighborhood that has a lot of components but is very quite and peaceful," said developer David Martin of Terra Group. Stay tuned for our full-interview with David, coming soon.
Check out our in-depth coverage of Park Grove.
New Renderings
Terra Group & Related Group's Joint Venture Park Grove Approaches Top-Off in Downtown Coconut Grove
Park Grove is a 3-tower, LEED Silver certified development in Downtown Coconut Grove, built as a joint venture between Miami powerhouse developers Related Group and Terra Group. Park Grove is designed by Pritzker Architecture Prize winner Rem Koolhaas, whose clients include Tom Ford, Harry Winston, and the Faena Arts Center, in partnership with the Office for Metropolitan Architecture (OMA) and Arquitectonica. The project features 260-condo units across 3-towers, which start at $2 million. One Park Grove and Two Park Grove will be the closes to Biscayne Bay, while the third building, Park Grove Residences, will be on the downtown side of the property. The building will feature a restaurant by Michael Schwartz and 5-acres of lush landscaping throughout the property featuring a sculpture park designed by Enzo Enea. Other amenities include indoor & outdoor yoga spaces, signature spa with steam room and sauna, state-of-the-art gym, luxurious pool with cabanas, wine storage and tasting room, movie theater, adult game room, butler service, nautical concierge for yacht booking, and full-service staff.