Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District

Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits. Metro Edgewater will rise 32-stories, 373’, and will feature 279 rental units targeted at millennials and young professionals. The project will also feature 4,063 square feet of ground floor retail and a pedestrian promenade along NE 31st Street with lush landscaping and street furniture, designed to act as a gateway for pedestrians from Biscayne Boulevard into the Paraiso District. The parking platform will feature a metal louver screen adorned with geometric artwork by the Miami-born artist Johnny Robles. Metro Edgewater is designed by Pablo Burgos of Burgos Lanza Architects & Planners with landscape architecture by James Socash, all in collaboration with David Polinsky’s Fortis Design + Build. Metro Edgewater will be located at 433-449 NE 30th Terrace and 430-452 NE 31st Street.

Plans Submitted For Paraiso Place To Bring 279 Rental Apartments To Edgewater

Metro Edgewater, LLC., led by Colombian developer Carlos Ortiz, as submitted plans to Miami’s Urban Development Review Board for Paraiso Place, a 279-unit apartment building coming to the recently opened Paraiso district in Edgewater. A hearing has been scheduled for November 20, 2019. The tower, which will be located at 433-449 NE 30th Terrace and 430-452 NE 31st Street, will rise 32-stories, 373’, and will offer rental apartments, a change from the bulk of the Paraiso district which sold as condos. The project will also bring 4,063 SF of ground floor retail and a pedestrian promenade along NE 31st street with lush landscaping and street furniture, designed to act as a gateway for pedestrians from Biscayne Boulevard into the Paraiso District. The plans submitted call for 300 parking spaces although the developers have requested a 30% reduction in parking as per zoning requirements. The parking platform will feature a metal louver screen adorned with geometric artwork by the Miami-born artist Johnny Robles. Paraiso Place is designed by Pablo Burgos of Burgos Lanza Architects & Planners with landscape architecture by James Socash, all in collaboration with David Polinsky’s Fortis Design + Build.

Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf). The acquisition is Phase One of Grand Plaza: A $74 million mixed-use, mixed-income revitalization development aimed at building a stronger, well-balanced and vibrant community. 

Grand Plaza Phase One will consist of multiple new buildings; comprised of 50 affordable housing units, 20 deluxe apartments, 11,000 SF of ground floor retail, and underground residential and public parking. The Grand Plaza development, as planned by Metronomic President Ricky Trinidad, will “extend the vibrancy of a beautiful and historic corridor that connects Miami’s City Hall at the waterfront only blocks away, through the business and entertainment district of Coconut Grove with the City of Coral Gables, also only blocks away.  Grand Plaza is the centerpiece of this important connection.”

Located at 3364-3384 Grand Avenue, the first of the Phase One mixed-use buildings will be built on an 18,789 SF site offering 20, one- and three-bedroom luxury apartments spanning 995-2,486 SF, 49 parking spaces and two retail spaces spanning 2,533-2,744 SF. The five-story rental building will include a car-lift parking garage for residential and public parking, community outdoor plaza, pool and pool deck. The second assemblage of properties within the Phase One development will include a five-story affordable housing development offering quality living for area residents within close proximity to the workplace. Set to rise on a vacant 20,044 SF site located at 3341-3461 Grand Avenue, the 10,117-SF development will consist of 50 one-, two and three-bedroom rental units spanning 570-1,228 SF with 65 private parking spaces and three retail spaces from 1,302-1,412 SF.

“Grand Plaza will be a community-oriented, technology-driven, sustainable and innovative development that will create a significant social and economic impact on the community of Coconut Grove,” said Ricky Trinidad, President of Metronomic. “And as a mission-oriented company, we are committed to creating a well-balanced and thriving corridor along Grand Ave for all its residence to enjoy.”

Upon completion of all phases, the Grand Plaza project will add 12 new buildings in the West Grove that include luxury and affordable housing apartment rentals, street retail, office space, farmers market, entertainment venue, community park plazas, and much more. Designed by architecture firm Burgos Lanza & Associates, the project will offer 38 furnished micro units, 82 luxury apartment rental units, 50 affordable housing apartments, 44 hotel lodging units, and 76 commercial units (office and retail). Additionally, Metronomic has announced plans to facilitate rooftop passenger drone landing/take-off sites pending federal and local government approvals of the technology.

Metronomic will be hosting a groundbreaking event in June 2019 to celebrate the launch of the project.

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.