Slow to the residential boom of Miami is Coconut Grove, but that is all changing with the addition of Park Grove. 

Developers Terra Group and Related Group are joining together to create three towers that will consist of 300 units. The towers were designed by architect Rem Koolhaas.

Currently in it's place is the Coconut Grove Bank, which has been there for many years. The bank will have a smaller space in one of the towers, but will stay in where it is until the first phase of the project is completed. 

The site is located near Grove at Grand Bay, which was once the site of the iconic Grand Bay Hotel. Across from Park Grove will be the new Regatta Park, which will give residents views of Biscayne Bay. 

Groundbreaking is expected early 2015.