Properties Sold For $23M and Listed For $39.5M In Coconut Grove

May 16, 2016 in Coconut Grove, Miami, Real Estate

A two story building in Coconut Grove, located at 3034 Grand Avenue, which used to be the home of the restaurant Johnny Rockets, has sold for $23 million, according to The Real Deal.

The 22,226 square foot lot, built in 1925, sits across from the mall Cocowalk, which sold for $87.5 million in 2015 and the newly revamped Engle Building, which now includes Panther Coffee, Harry's Pizzeria and Kit & Ace. The building was purchased by L3 Capital from Grove Corner LLC, who paid $10.5 million for the property in 2013.

Further down the street at 3101 Grand Avenue, a 1.35 acre site, which includes a Subway, Kwik Food Store and UPS has been listed for $39.5 million, according to The Real Deal.

Park Grove Going Vertical

May 03, 2016 in Coconut Grove, Condo, Construction, Golden Dusk Photography, Miami, OMA, Rem Koolhaas, Terra Group, Park Grove, Moriarty

The luxury condominium Park Grove is starting to go vertical in Coconut Grove.

Park Grove will have three residential towers, One Park Grove, Two Park Grove and Club Residences. One Park Grove will be a 20 story tower with 64 residential units. Prices for One Park Grove start at $4 million to $8 million and is 30% sold after two months of sales.

Local chef Michael Schwartz of Michael's Genuine Food & Drink and Harry's Pizzeria will open a 3,500 square foot restaurant at Park Grove that will be designed by Meyer Davis Studio.

Park Grove is being developed by Terra Group and Related Group. The architect is OMA and Rem Koolhaas.

Previous construction photos can be viewed here.

Grove At Grand Bay Construction Updates

February 09, 2016 in Coconut Grove, Condo, Construction, Golden Dusk Photography, Miami, Terra Group, Bjarke Ingels, Grove at Grand Bay, Facchina Construction

Since we last looked at Grove at Grand Bay in June 2015, the two twisting towers had just topped out. The two cranes have been removed from the site and while work continues on the interior and exterior of the buildings.

Grove at Grand Bay is being developed by Terra Group and was designed by architect Bjarke Ingels. Only one unit remains in the two towers and it is the penthouse unit being sold for $28 million. Curbed Miami has renderings of the penthouse for sale here. Construction is expected to be completed later this year.

Park Grove Event: Talk On Design & Food (Photos) + One Park Grove Renders

February 01, 2016 in Coconut Grove, Miami, Park Grove, Terra Group, Golden Dusk Photography

Will Meyer, David Martin, Michael Schwartz & Carlos Rosso

On January 28th, Terra Group and The Related Group held an event at the Park Grove sales gallery discussing their plans and concepts for One Park Grove.

The event was curated by Terra Group President David Martin, with Chef Michael Schwartz speaking about the signature restaurant at One Park Grove and Will Meyer of Meyer Davis talking about the concepts and designs of the building. The Related Group's Carlos Rosso was also on hand and spoke about the resurgence of Coconut Grove.

Park Grove is located at 2701 South Bayshore Drive in Coconut Grove and will feature three towers. The third tower, One Park Grove, will be 20 stories with 54 residential units ranging from three to five bedrooms. Pricing for the units start at $2 million.

Recent construction photos can be viewed here.

One Park Grove Renderings

Miami at Night Book Now Available!

January 28, 2016 in Brickell, Downtown Miami, Coral Gables, Coconut Grove, Golden Dusk Photography, Key Biscayne, Miami, Miami at Night Book, Ocean Drive, South Beach

The book Miami at Night is now available for purchase. Miami is one of the United States’ most fascinating cities. While the rest of the country endures snowstorms and cold weather, Miami is always hot and sexy. By day, the sun, sea, and Art Deco architecture highlight Miami’s unique history and heritage. However, it is truly at night when the city comes alive. Miami at Night is a cityscape photography book featuring over 70 photos, including over 40 large panoramic photos the capture the essence of the energy that pulsates through nocturnal Miami. The book tells a unique visual story of the city (Brickell, Brickell Key, Key Biscayne, Coral Gables, Coconut Grove, Downtown Miami, and Miami Beach) through photography at angles and vantage points that are rarely seen by the average Miamian or tourist.

Miami at Night is available for purchase at Amazon, Barnes & Noble, Schiffer Publishing or Golden Dusk Photography.

For more news and information visit www.miamiatnightbook.com

Terra Group Purchases Coconut Grove Parking Garage For $16M

January 27, 2016 in Coconut Grove, Miami, Terra Group

A four story garage in Coconut Grove has been sold to Terra Group for $16 million, according to SFBJ. The garage, located at 3850 Oak Avenue, was sold by Miami Parking Authority with an agreement by Terra Group to make 50 spaces available for public transient parking.

Terra Group is building the nearby condos Grove at Grand Bay and Park Grove.

Park Grove Construction Updates

December 14, 2015 in Coconut Grove, Condo, Construction, Golden Dusk Photography, Miami, Park Grove, Rem Koolhaas, Terra Group, Desimone Engineers, Moriarty

After announcing Park Grove in the Summer of 2014, and starting construction earlier this year, work on the foundation is still taking place. Most of the parking has been removed and the Coconut Grove Bank will remain in operation while the work is done in phases.

Park Grove is being developed by Terra Group and Related Group that will consist of three residential towers and 300 units. Rem Koolhaas is the architect.