MEC Development Associates & B Developments Locks Down Construction Financing For Casa Grove, To Break Ground In January

MEC Development Associates and B Developments plan to break ground on Casa Grove in January. The developers who are developing the project as a joint venture recently locked down a $27 million construction loan for the approved luxury apartment tower from Israeli lender Bank Hapoalim (BHI). Casa Grove which will bring 130 rental apartment units to 2900 Southwest 28 Lane. B Developments purchased the 1-acre property in 2015 for $6.1 million. The project is being designed by Itec Design and will rise 12-stories, featuring 200,000 SF of total development including 12,000 SF of commercial space. Units will start at 635 SF and range up to 1,400 SF and amenities will include a 5th floor amenity deck and direct access to the Underline. The transit oriented project is located just a short distance from the Coconut Grove Metrorail Station, offering residents immediate access to the Metrorail. The project will help kick-off the Underline, the new landscaped recreational public space under the metro rail. Public space from Casa Grove will feed into the Underline, providing a seamless connection to the new initiative. Casa Grove is expected to be completed in 2019.

PROFILEmiami first broke then news covering the announcement of Casa Grove in October 2016.

Casa Grove coming to Coconut Grove Metrorail Station

Casa Grove, a Class A multi-family project is coming to Coconut Grove and will be located just a short distance from the Coconut Grove Metrorail Station. Casa Grove will be a 12-story structure featuring 116 residential units and will be designed by Itec Design. The project will help kick-off the Underline, the new landscaped recreational public space under the metro rail. Public space from Casa Grove will feed into the Underline, providing a seamless connection to the new initiative. It will also offer residents immediate access to the Metrorail and is immediately adjacent to the Coconut Grove Metrorail Station. Casa Grove will be located at 2900 S.W. 28th Lane and will be developed in a joint venture by MEC Development Associates, B Developments and Abington Properties.