Metronomic Reveals $74 Million Mixed-Use Transformation of Grand Avenue in West Coconut Grove

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.

CMC Group Drops Video Tour of A Finished Residence At Brickell Flatiron

Brickell Flatiron, which is the only remaining condo under construction in Brickell, has released a sneak peek of a finished residence showcasing the top-of-the-line materials and finishes hand-picked by developer Ugo Colombo from his native Italy. Hailing from Milan, Ugo is known for his meticulous attention to detail and ability to deliver a bespoke product, whether that means flying in Italian craftsman to lay porcelain tile or importing everything from hardwood doors, marble baths, and terracotta cabinetry from his home country. The interiors are designed by legendary Italian architect, designer and creator Massimo Iosa Ghini of Ferrari and David Bowie fame and the Miami-based Luis Revuelta is responsible for the building’s exterior. Construction crews are aiming to top off the tower in December and will open in mid-2019.

Sales at Brickell Flatiron have been strong as the tower is now 85% sold. In September, a penthouse in the tower sold for a record-breaking $13.2 million, the highest price paid for a condo in the Brickell submarket since 2007. Buyers are coming from major US cities, whereas this time last year, 70% of Brickell Flatiron’s condos were selling to Latin American buyers, whereas today 80% of sales are being inked with local and domestic buyers.

When complete, Brickell Flatiron will stand 736' and will be one of the tallest residential towers in the U.S. Units range from 1 to 5 bedrooms starting at $500,000 and ranging up to $15.5 million for penthouses. Brickell Flatiron's amenities include an 18th floor amenity deck with a resort style pool, 24-hour concierge, billiard and cigar room, wine cellar, valet, electric car charging stations and a 64th-floor rooftop that will feature a Sky Spa, Sky Pool and Sky Gym along with stunning 360 views of Biscayne Bay, Brickell, Downtown Miami, Coral Gables, etc.

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