The Lincoln Coconut Grove has locked down a $58 million construction loan for the luxury boutique condominium with 48 spacious residences in the heart of Coconut Grove, Florida. The project has begun construction and is scheduled to be completed by Q3 2028. Berkadia arranged the 30-month construction loan, which includes two six-month extension options, and was provided by SME Capital.
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The Lincoln Coconut Grove Launches Sales in Miami's Historic Neighborhood
Coconut Grove, known for its lush greenery and vibrant community, is set to welcome a new residential development that blends modern luxury with historic charm. The Lincoln Coconut Grove has officially launched sales, offering 48 meticulously designed condominiums at 2650 Lincoln Ave. Developed by Element Development and LORE Development Group, in partnership with Leste Group and Opportunity Fundo de Investimento Imobiliário, the project seeks to elevate the standard of boutique living in one of Miami’s most cherished neighborhoods.
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GlassHaus Breaks Ground In Coconut Grove At Nearly 50% Sold
GD.8 and Element Development, LLC. have broken ground on GlassHaus, Coconut Grove's newest boutique condo project designed by Varabyeu Partners. The project is reportedly 50% sold. When complete the project will rise 5-stories and offer 23 luxury condominiums. Residences start at $595,000 and range up to $1.2 million, offered in 1, 2 and 3 bedroom layouts that range from 1,080 SF to 2,380 SF. Units will come complete with 11' ceilings with floor-to-ceiling glass windows, Italkraft cabinetry and stone countertops in the kitchen, and a buyer's choice of wood or porcelain floors. GlassHaus will also include a fitness center, electric bicycles, zen garden, resort-style rooftop including pool, summer kitchen and lounge and underground parking. Owners will also receive a membership to the Coconut Grove Sailing Club. Fortune International is in charge of sales and Glasshaus Coconut Grove is expected to be completed in 2019.
“I am very proud and excited that we are breaking ground on schedule,” said Javier Llurch, president of Element Development. “Glasshaus in the Grove is the first of many projects that we have planned along 27th Avenue - a bridge for the North and Center Grove neighborhoods.”
Glasshaus Coconut Grove Is Now 30% Sold, To Break Ground in January
Glasshaus Coconut Grove, which is being developed by GD.8 and Element Development, LLC. and designed by Varabyeu Partners, is expected to begin construction in January. The boutique condo-building is reportedly 30% sold, with 7 of its 23 residences under contract.
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GlassHaus, A Boutique Residential Project in Coconut Grove, Releases New Renderings
Meet GlassHaus, Downtown Coconut Grove's newest residential condo project from GD.8 and Element Development, LLC.. Located at 3161 Center Street, the 5-story GlassHaus will feature 23 contemporary residences designed by Varabyeu Partners. Residences will start at $595,000 and will range up to $1.2 million, equating to around $575 SF. They will come in 1, 2 and 3 bedroom layouts that range from 1,080 SF to 2,380 SF. Units will come complete with 11-foot ceilings with floor-to-ceiling glass windows, Italkraft cabinetry and stone countertops in the kitchen, and a buyer's choice of wood or porcelain floors. GlassHaus will also include a fitness center, electric bicycles, zen garden, resort-style rooftop including pool, summer kitchen and lounge and underground parking. Owners will also receive a membership to the Coconut Grove Sailing Club. GlassHaus' on-site sales center is expected to open in early June of this year and Fortune International is in charge of sales.
