Construction on the new Coconut Grove Bank is making progress. The new bank building is expected to open by the first quarter of 2017.

The current six story Coconut Grove Bank on the Park Grove site was built in 1959 and is expected to be torn down as soon as the new bank is completed. 

While the new Coconut Grove Bank is being completed, construction on Two Park Grove is continuing and is in the process of going vertical. Park Grove is being developed by Terra Group and Related Group. Rem Koolhaas of OMA is the architect on the project.