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. The retail condo spans 5,731 SF with 1,000 SF of additional outdoor space/ seating and sold for $5,500,000. Fabio and Sebastian Faerman of FA Commercial at Fortune International Realty represented the sellers.
This marks the second transaction in 1 week for FA Commercial in the same building, selling out the commercial units in the park grove residences. The Related-Terra joint venture also sold the retail condo on the ground floor of Park Grove Residences, a three-tower luxury condo development, to a Mexican investment group for $6 million. That space spans just under 10,000 SF. FA Commercial represented the buyer and seller in that deal.