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, Inc. Announces First All-Female Construction Team To Build La Elaina In Little Havana

Miami-based real estate development company Metronomic, Inc. has announced an all-female construction team to build the first of its new infill multi-family development designs, La Elaina Apartments in Little Havana. The townhouse-style duplex building will make history by being the first building in Miami built entirely by women. Located at 857 & 859 SW 14 Avenue, the company plans to break ground on March 7, 2019, just in time to celebrate “Women in Construction Week”.

Promoting positive change in the community, Metronomic is leading the women in construction movement working with numerous sub-contractors to recruit the team of nearly 20+ female employees who are joining together to help break gender barriers in construction. The groundbreaking of La Elaina will also kick off National Women’s History Month. The company has also received support from Director and former President of National Association of Women in Construction’s Miami Chapter, Lucia Soria. She says, “the core purpose of our organization is to continue inspiring women and enhance their success in the construction industry. When women unite, they can accomplish anything, and I am proud to witness a company like Metronomic demonstrating this and making history in Miami.”

Leading the team will be Camila Osorio as Senior Project Manager. Camila has over 14 years of expertise in all aspects of the real estate development process and is currently the project manager for all Metronomic projects in Little Havana. Arlene Melendez will serve as Construction Coordinator with 18 years of construction and development experience in South Florida. The project will be constructed and managed entirely by women, which includes machine operators, excavators, masons, plumbers, electricians, carpenters, painters, and more.

“La Elaina is going to break barriers for women in construction, and we couldn't be happier to spearhead this movement,” says Ricky Trinidad, President of Metronomic, Inc. “We believe an all-female team will create positive change in the community – and hopefully encourage permanent change in a male-dominated industry”.

Designed by local architecture firm CLAD Architecture and Design, the two-unit building will span 5,800 SF and feature six bedrooms and six bathrooms rooms per residence. Each 2,850 SF unit will include an exterior terrace, kitchen, living room, private yard, 2-car covered parking and attractive interior and exterior finishes.

La Elaina is designed to offer larger or multi-generational families’ maximum comfort and convenience by providing separate living environments within the home. It is also suitable for families with special-needs children or relatives that require the special care of a live-in nurse, nanny or caregiver to live in the home, providing separate rooms for treatment and care. The first floor can provide accessibility options for such needs, while the second floor is accessible from the first floor through a private interior stairwell for optional privacy, offering 3 bedrooms with 2.5 bathrooms on each floor totaling 6 bedrooms with 6 bathrooms per unit. This creative layout conveniently provides 2 private and separate living areas in each unit.

The first La Elaina development will be located across the street from the Villas Beny More I apartments, another recently completed town home community by Metronomic Inc. Metronomic Inc. plans to develop additional La Elaina duplex buildings offering the “extended-family lifestyle” model throughout the community of Little Havana and similar communities in Miami where the need for extended family living is strong.

La Elaina is slated to break ground early March and completed by 2020. Full pre-leasing of the project will take place prior to completion of construction.

For more information about La Elaina, private showings or purchasing/ leasing information please fill out the form below:

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.

Metronomic Place Mixed-Use Hotel Designed By CLAD Revealed In Coconut Grove

Metronomic Place, a new mixed-use project coming to 3280 Grand Avenue, has been revealed in Coconut Grove. The project is being designed by local architecture firm CLAD and will feature interiors by One Design Build. Metronomic Place will rise 5 stories and will feature 5,000 SF of office space, 3,200 SF of ground-floor retail and a 44-key hotel. The hotel component will be all suite offering larger rooms with terraces and full kitchenettes. Amenities will include a landscaped roof terrace with pool deck. The project is being developed by Metronomic, Inc. who acquired the former car was property for $4.1 million. The office space will become Metronomic, Inc.'s new headquarters. Metronomic Place plans to break ground in September 2018 with an expected completion in 2019. 

Construction Update: Metronomic's Crowdfunded Plaza Celia Breaks Ground in Little Havana

Plaza Celia, a new boutique mixed-use apartment building in Little Havana named after the late Cuban-born singer Celia Cruz, has officially broken ground. Plaza Celia will rise 4-stories and will feature 16 rental apartment rental units targeted at students and the local workforce with ground-floor retail. Units will come in 1 and 2-bedroom floor-plans and will range in size from 700 SF to 905 SF. Plaza Celia is located at 2640 SW 12th Street and is being developed by Metronomic, Inc. Metronomic, Inc. has been making waves in recent years with their business model of crowdfunding projects. Currently, Metronomic has 2 projects under development via crowdfunding, GroveHaus in Coconut Grove and Plaza Celia. Essentially, Metronomic identifies a development and goes under-contract for the land while developing the project. They then advertise the project on their crowdfunding platform to raise commitments for the crowdfunded financing from individual investors. Once they reach their dollar goal of crowdfunded investment, Metronomic simultaneously closes on the land, crowdfunded financing and additional financing previously committed by private lenders. In 2013 the Securities and Exchange Commission opened the prospects of crowdfunding to real estate investors via the JOBS Act. The JOBS Act stipulates that developers can solicit funds from the public, provided that the investors are accredited, meaning that they have a newt worth over $1 million or make in excess of $200,000 annually. Construction on Plaza Celia is expected to wrap up in Q4 2018.