RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM

Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.

“District 225 is a project of many firsts. Now, with financing in hand, we’re happy to share that the development is also the first of Related’s next-generation Miami-Dade condos to begin vertical construction,” said Jon Paul Perez, Related Group president. “We couldn’t be more pleased with the reception District 225 saw from buyers and the industry. Not only did the project sell out in record time, but it also gave birth to an all-new type of restriction-free development that’s already had many other projects follow in its footsteps.”

Responding to a sustained demand for flexible ownership and living options, District 225 delivers ready-to-rent, fully furnished residences purposely designed, built and licensed to be shared. The project proved to be a success in the Miami market with all units sold within two months of its sales launch. Unique from past condos in the development team’s respective portfolios, District 225 attracted predominantly domestic buyers, including young professionals and remote workers in the new work-from-home era.

“Downtown Miami is going through a rebirth,” says Oscar Rodriguez, founding partner of ROVR Development. “We’re excited to have identified and secured a site that is so central to this neighborhood’s transformation. District 225 is a catalyst for flexible living, offering luxury condominiums at attainable prices in one of the city’s most promising destinations, surrounded by parks, public transportation, entertainment and more.”

District 225 joins downtown Miami as the neighborhood’s burgeoning market experiences a resurgence of new residential high-rises. The increased demand for residential units in the area is a testament to its growth as a cosmopolitan destination that caters to a live, work, play lifestyle. Just a few blocks away, The Related Group also announced The Crosby, another short-term-rental ready development located within the Miami Worldcenter mixed-use development

ROVR Development's Grand Station Apartments Receives TCO In Downtown Miami

Grand Station Apartments, a transformative collaboration between Miami-based ROVR Development and the Miami Parking Authority (MPA), has received its TCO and residents have started to move-in.

The $70 million, 30-story apartment tower, located at 240 North Miami Avenue, features 300 apartment residences, and brings a combination of residential floorplans to MPA’s headquarters, while expanding the existing garage at Courthouse Center with 350 parking spaces.

Led by Principals Oscar Rodriguez and Ricardo Vadia, ROVR is developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.

Designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, Grand Station will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.

Studios, one- and two-bedroom units will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Effective rents range from $1783 to $2300.

“We are very proud to have worked alongside the Miami Parking Authority (MPA) to conceptualize, and ultimately realize this wonderful project,” said Rodriguez. “It creatively maximizes MPA’s space, allowing them to enhance their existing facilities.”

“Transit-oriented developments are key to our city’s urban evolution,” said Vadia. “The building’s accessibility to Miami Dade College, the Health District and downtown as a whole ideally positions Grand Station.”

Grand Station Apartments brings a cosmopolitan flair with a vast array of indoor and outdoor amenities. The development includes an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents extraordinary views of the city scape.

An upscale amenities deck with a variety of Class A finishes features a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community also includes a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.

ROVR Development Launches Pre-Leasing At Grand Station Apartments In Downtown Miami

ROVR Development has launched pre-leasing for Grand Station Apartments, a 30-story apartment tower with 300 residences in Downtown Miami. The first tenants are expected to begin to move-in this summer. The $70 million development is a transformative public-private partnership with the Miami Parking Authority (MPA), bringing a combination of residential floorplans to MPA’s headquarters at 40 NW 3 Street and expanding the existing garage at Courthouse Center with 350 parking spaces.

ROVR Development, led by Principals Oscar Rodriguez and Ricardo Vadia, are developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.

“Downtown Miami was in immediate need of luxury housing that brought residents close to the city’s renowned amenities and transportation options that take them anywhere in South Florida,” said Rodriguez. “Working alongside the Miami Parking Authority, we were able to creatively use their existing space and enhance their own facilities, demonstrating the positive results that ultimately benefit residents when a public-private initiative such as this one takes place.”

Residences come in studios, one- and two-bedroom layouts and will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Net effective rents for residences start at $1,277, $1,427 and $1,963, respectively.

Amenities will include an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents views overlooking Downtown Miami. Grand Station Apartments will also feature an upscale amenities deck with a variety of Class A finishes will feature a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community will also include a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.

Grand Station Apartments was designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, The project will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.

“The delivery of this project next to the region’s most important transit centers is an indicator of the possibilities that exist to improve Miami’s urban core,” added Vadia. “It’s a convenient solution serving local office workers, Miami Dade College students and employees in the Health District, along with other members of our community. We look forward to showcasing Grand Station’s functional amenities and setting a new standard for transit oriented development.”

Grand Station Partners Close On $53 Million Loan For Luxury Rental Tower Project

Grand Station Partners closed on a $53 million loan in early March for Grand Station Tower located at 40 NW 3rd Street in Downtown Miami. ROVR Development, which is led by Oscar Rodriguez and Ricardo Vadia, set-up Grand Station Partners and are building the 30-story, 300 unit building as a public-private partnership with Miami Parking Authority. Kayne Anderson affiliate Saperian Capital is the project’s lender.

The luxury rental tower, which will feature about 4,000 SF of retail space, will also expand the Courthouse Center Garage with 350 additional parking spaces. Grand Station Partners has a 99-year land lease on the site and has the option to extend the lease by an additional 50 years.

Michael Wolk Design Associates, a Miami-based design boutique specializing in residential, commercial, and hospitality interiors, along with furniture collections, designed the Grand Station’s interiors. The firm has had over 40 years of experience designing personalized, luxury interiors for their clients with a united effort to achieve client goals on-time and within budget.

The project’s interiors are inspired by a young urban vibe and were designed with a sophisticated look in mind. Michael Wolk Design Associates selectivity edited the color palette and used black, gray, and tobacco colors. Outdoor terraces were decorated with the furniture from the firm’s Biscayne Collection, which is manufactured by Pavilion. The tower’s social room has its own custom-designed triangle seating bench and award-winning “Gianni Lounge Chairs.”

Grand Station offers a gym, spa, and pool deck among its list of amenities. It is scheduled for completion early next year.

By Isabella Zimmermann

Vertical Construction Underway At ROVR Development's Grand Station In Downtown Miami

Construction teams have passed the 6th floor of vertical construction at Grand Station Partners’ Grand Station apartment tower, located at 40 Northwest 3rd Street in Downtown Miami, also known as Parcel B. Grand Station Partners is a public-private development partnership led by ROVR Development and its principals Oscar Rodriguez and Ricardo Vadia. When complete Grand Station will rise 30-stories, 322’, and offer 300 rental units within walking distance of MiamiCentral Station, Virgin Trains (Brightline) and Metromover. Units will range in size from 463 SF to 957 SF and will come in studio, 1-bedroom and 2-bedroom floorplans. Grand Station will also offer 350 parking spaces and 5,000 SF of retail space. Amenities will include a pool deck with spa, fitness center, social area and rooftop deck. The building was designed by Zyscovich Architects and Ortega is the general contractor. The construction costs of the project are estimated to be roughly $50 million. Grand Station is expected to be completed in the Spring of 2021. ​​​​​​​

The Max Strang-Designed Fairchild Coconut Grove Hits 80% Sold Out With Over $60 Million In Sales

ROVR Development has announced that the Fairchild Coconut Grove is now 80% sold with over $60 million in sales. Just 5 units remain of the 26 waterfront residences which range is size from 2-4 bedrooms and 2,600 SF to over 4,114 SF. The Fairchild Coconut Grove was designed by local architect Max Strang with the project as his fist condominium in south Florida. The Fairchild Coconut Grove topped off in early March 2019 and is slated for completion in the first quarter of 2020.

The tropical-modern sanctuary is the only luxury development directly on Biscayne Bay in Coconut Grove and the sales success speaks to the demand from discerning buyers for a thoughtfully designed, low density building that offers timeless beauty and distinctive, enriching amenities. Building amenities designed by Architectural Digest AD100 designer Rafael de Cardenas and include a Holistic wellness spa with Hammam, steam room, sauna, private fitness studio, rooftop pool with open water views, resident cabanas, sunset deck, outdoor cinema, and more. Sales are being overseen by ONE Sotheby’s International Realty.

For more information about The Fairchild Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

ROVR Development Gearing Up To Break Ground On Grand Station Tower In Downtown Miami This Year

ROVR Development, led by Oscar Rodriguez and Ricardo Vadia, is gearing up to break ground on Grand Station Tower at 40 NW 3rd Street in Downtown Miami after first applying for construction permits in March 2018. Grand Station will rise 31-stories, 322’, and will feature 300 apartment residences and 5,000 SF of retail. The project will also expand the Courthouse Center Garage with an additional 350 parking spaces and the tower will rise over the newly built portion. The developers have set-up Grand Station Partners and plan to launch a public-private partnership with Miami Parking Authority. The project is expected to cost $70 million to develop with Ortega Construction as the general contractor. Grand Station Partners has a 99-year land lease on the site with an option to extend an additional 50 years.

ROVR Development's The Fairchild Coconut Grove Designed By Max Strang Tops Off At 75% Sold

The Fairchild Coconut Grove has topped off with sales surpassing the 75% in one of the hottest neighborhoods in Miami, Coconut Grove. The luxury boutique condo project is being developed by ROVR Development and was designed as a tropical-modern sanctuary by acclaimed local architect Max Strang. Strang fused natural elements and contemporary surroundings of Coconut Grove to create a chic waterfront living experience. The Fairchild Coconut Grove features 26 two to four bedroom residences ranging in size from 2,600 SF to 4,114 SF. Residences feature gourmet chef-inspired kitchens, spa-inspired bathrooms and spacious living areas. The building also offers a selection of high-end amenities which were designed by Architectural Digest AD100 designer Rafael de Cardenas and include a holistic wellness spa with Hammam, steam room, sauna, high-tech gym, lush landscaping, a sunset deck, outdoor cinema, and a rooftop pool with open water views and private cabanas.

The Fairchild Coconut Grove has limited inventory still available with ONE Sotheby’s International Realty exclusively handling sales for the property which is slated for completion in Fall 2019.

Images via Fairchild Coconut Grove / ONE Sotheby’s International Realty

For more information about The Fairchild Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

ROVR Development Goes Vertical With Construction On The Fairchild Coconut Grove

ROVR Development has announced that the concrete pour for the first elevated deck at The Fairchild Coconut Grove has been completed. Cement trucks began the process of hauling in a total of 545 cubic yards of concrete for the day long pour which needed approximately 50 cement trucks as the first elevated deck for the project was formed. Ortega Construction Company, was onsite to supervise the pour and oversee the operation. The Fairchild Coconut Grove, which is located in the quiet Glencoe residential neighborhood at 3581 E. Glencoe Street, broke ground this past summer closed a $27 million construction loan with Ocean Bank. The general contractor for the development is Ortega Construction Company. The project is slated for completion in the fall of 2019

“We continue to move forward on schedule and are thrilled to be going vertical with our project,” said Oscar Rodriguez, Principal of ROVR Development. “The Fairchild Coconut Grove is the only new luxury residential construction rising directly on Biscayne Bay in the Grove, so this pour represents a major milestone for us as well as the community.”

“Ortega Construction is committed to building iconic and quality projects that will stand the test of time and we are excited to be working with ROVR Development to carry out their vision for The Fairchild Coconut Grove,” states Michael Ortega, President and CEO of Ortega Construction Company

Acclaimed local architect Max Strang designed this project which offers curated waterfront living that perfectly fuses contemporary elements with the natural surroundings and character the area is known for. The Fairchild Coconut Grove features 26 exclusive 2 to 4 bedroom residences ranging in size from 1,714 SF to 4,114 SF and a platform of unrivaled amenities and services. The expansive fully finished residences feature lanais with views of Biscayne Bay and verdant neighborhood landscapes; unique gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units.

Architectural Digest AD100 designer Rafael de Cardenas designed the distinctive amenities for the project which include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with open bay views and private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.

One Sotheby’s International Realty is exclusively handling sales and marketing for the property.

For more information about The Fairchild Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

ROVR Development Closes $27 Million Construction Loan For The Fairchild Coconut Grove

ROVR Development is pleased to announce it has closed on a $27 million loan for The Fairchild Coconut Grove, the new luxury waterfront condo development rising directly on Biscayne Bay in Coconut Grove. Ocean Bank provided the financing for the project which broke ground in April 2018 with an event with distinguished guests that included Mayor Francis Suarez and Commissioner Ken Russell. Construction at the project is on schedule for completion in Fall 2019. 

“The closing of this construction loan from Ocean Bank is a significant milestone for us and an important step towards bringing our project to fruition,” said Oscar Rodriguez, Principal of ROVR Development. “Since breaking ground in April, construction at The Fairchild Coconut Grove has been advancing on schedule.”

“Ocean Bank has a strong history of supporting South Florida development,” said Ralph Gonzalez-Jacobo, Executive Vice President and Head of Lending, Retail Banking and Branch Administration at Ocean Bank. “We have an excellent relationship with the developers and are pleased to provide financing for this exceptional project.”

The Fairchild Coconut Grove was designed by local architect Max Strang in collaboration with interior designer Rafael de Cárdenas. The project features 26 exclusive two to four bedroom residences ranging in size from 1,714 to 4,114 square feet with pricing starting around $1.4 million and ranging up to $4.5 million. Residences are expansive and feature natural stone floors; lanais with views of Biscayne Bay and verdant neighborhood landscapes; gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units. All homes will be pre-wired with Smart technology and Crestron packages.

Amenities are designed by Rafael de Cardenas and include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; full-time porter; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.

One Sotheby’s International Realty is handling the exclusive sales and marketing for the property.

Check out photos of The Fairchild Coconut Grove Sales Gallery. 

Check out our PROFILE Exclusive Interview with developer Oscar Rodriguez of ROVR Development.