1920's Actor Rudolph Valentino's Former Coconut Grove Winter Retreat Sells For $4.5 Million

One of the most historic estates in Coconut Grove and the former winter retreat of 1920’s actor Rudolph Valentino, has sold off market for $4,500,000. The Moorish Compound, which is located on a rock bluff overlooking the prestigious South Bayshore Drive, was originally built in 1910 and is made up of a main house with three separate cottages on a 25,000 SF lot. The estate, which is located at 1855 S Bayshore Drive, features 12 bedrooms, 7 full-baths and 2 powder rooms spread over 8,155 SF of living space. The split between the other cottages include a 3 bedroom with 1 bath, a 2 bedroom with 1 bath and a pool loft with bath. Over the years the compound’s architecture has not been touched and represents the true glam embodying the community of Coconut Grove. The buyer intends to upgrade the living areas but will retain the original architecture of the home. Both sides of the sale were represented by Joan Andre of Douglas Elliman.

Rudolph Valentino, who spent his winters at the compound, starred in several well-known silent films including The Four Horsemen of the Apocalypse, The Sheik, Blood and Sand, The Eagle, and The Son of the Sheik.

Ransom Everglades School Breaks Ground On Perkins+Will-Designed STEM Center

Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium. As part of the construction process, Ransom Everglades moved nearly 60+ trees to a temporary tree garden which will be returned upon completion which is expected in 2020.

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.

Check Out This Waterfront Mansion Featured In Music Videos By Lil Wayne, Curren$y, Dr. Dre & Rick Ross

A waterfront mansion located a stones throw from Coconut Grove, that has been made famous as the location for music videos such as Where Da Cash At by Curren$y featuring Lil Wayne, Chevy Ridin’ High by Dr Dre, amongst others by Rick Ross, Tryna, and Fat Joe, is now listed for $12.9 million. The 3-story Mediterranean mansion was built by renowned architect Jorge Hernandez and features 10,836 SF of living area spread over 11 bedrooms and 8 bathrooms. The home offers unobstructed views of Downtown Miami and Biscayne Bay including lavish finishes and amenities. The mansion features living rooms with domed cathedral ceilings, an elevator, entertainment room, full wet bar, guest house with private kitchen, and a four car garage.

3560 Stewart Avenue is currently listed for $12,900,000 with Daniela Fernandez of ONE Sotheby’s International Realty.

LPG for ONE Sotheby’s International Realty

For more information about 3560 Stewart Avenue, private showings or purchasing/ leasing information please fill out the form below:

Check Out This $29 Million Penthouse In Bjarke Ingels' Grove at Grand Bay With Over $1 Million In Art

There are few residences that combine high-styled interior design and an expertly curated art collection all while being located in an iconic tower designed by one of this generations top architects, Bjarke Ingels. Located in Grove at Grand Bay, this newly listed residence is a $29 million penthouse fully furnished offering over $1M in art work from Dorit Levinstein, Romero Britto, Angelo Accardi, David Kracov and SN.

The unit takes up the entire floor at Grove at Grand Bay North Tower located on the lower penthouse. The 11,000 SF unit comes equipped with 6 full bedrooms and 8 baths, maids quarters, movie theater, gym, wet and dry sauna, jacuzzi, massage room, office, two master bedrooms with walk in closets, and a bar.

For Grove at Grand Bay, Terra Group teamed with celebrated Danish architect Bjarke Ingels, of BIG Architects, to bring modern luxury to historic Coconut Grove, Miami’s oldest neighborhood. Terra and Ingels envisioned a residence that would evoke luxury, but also fuse it with distinctly contemporary design. With floor plates that rotate every three feet at every elevation from the 3rd to the 17th floors, Ingels’ design creates two gracefully twisting towers that appear to be turning to capture the view as they rise to the sky. BIG Architects designed the residences and amenity spaces, and Raymond Jungles has designed the property’s landscaping.

2669 S Bayshore Drive, LPH N, Grove at Grand Bay is currently listed for $29,000,000 with Bragi Sigurdsson of Douglas Elliman.

Photos via Douglas Elliman Real Estate

For more information about Grove at Bay, private showings or purchasing/ leasing information please fill out the form below:

Mauricio Umansky’s The Agency Celebrates Opening of Boca Raton Office at Private Faena Reception

Beverly Hills-based brokerage The Agency has picked Boca Raton as its first location in its highly anticipated expansion plan throughout South Florida.

The luxury brokerage celebrated the announcement last week at a private cocktail reception hosted in Faena’s Living Room, where they hit the ground running; contracts were signed and deals were inked on the hotel’s velvet, cheetah-print couches. The celebration followed The Real Deal’s South Florida Real Estate Showcase & Forum where Umansky revealed the finalized location.

The Agency is launching its office at 20 Southeast Third Street in mid-November, according to managing partners Chris Franciosa and Jared Ringel, who are leading the Agency’s expansion in South Florida along with Howard Elfman, the managing broker.

The brokerage was attracted to the “long-term stability” of Boca Raton and its potential for growth. The two-story, 6,700-square-foot office will house the Agency Development Group and the Agency Creates, its creative division.

The Agency plans to expand the business to Broward and Miami Dade, according to managing partners Franciosa and Ringel who joined the Agency from Douglas Elliman and have sold more than $100 million of real estate in their careers. The Agency anticipates about 20 agents joining the Boca office, but Ringel hinted at the possibility of a Miami location already in the pipeline as well.  

In addition to its home base in Beverly Hills, the firm has 25 offices in Brentwood, Calabasas, Danville, Malibu, Noe Valley, Venice, Orange County, Pacific Palisades, Palm Desert, Park City, Scottsdale, Sherman Oaks, Turks and Caicos, Los Cabos, Punta de Mita and elsewhere. 

It will compete with other high-end brokerages in South Florida like One Sotheby’s International Realty, the Keyes Company and Lang Realty.

Mike Pappas, CEO of the Keyes Co., stated that “Just as the L.A. market is very intense and competitive, so now is the South Florida market with all the major players, both local firms and firms outside of this market.”

Article by: Katya Demina

Get a First Look At The Newly Revealed Habitat at The Grove In Coconut Grove

Habitat at The Grove, a new project matching urban style with luxury living, has been revealed in the heart of Coconut Grove. The brand-new boutique community features 8 townhomes that are designed to blend urban lifestyle with the tropical beauty of Coconut Grove. Each villa will feature 4 levels spread over 2,381 SF. Residences feature 3 beds, 3 baths, a two-car garage, two living floors and a rooftop deck ready to be customized to your own vision of outdoor living. Pricing ranges from $839,000 – $939,000 per unit. Habitat at The Grove is being developed by AGM Builders Group and units are being exclusively sold by The Jill Penman Group with ONE Sotheby’s International Realty.

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

Check Out The Newly Completed Park Grove By Terra & Related Group In Park Grove

Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two Park Grove and Club Residences as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas. The towers feature exterior column exoskeleton design as opposed to interior columns, allowing sweeping glass wall views of Biscayne Bay directly out to the Atlantic Ocean. The building’s interiors are designed by Meyer Davis with kitchens and baths by William Sofield. Park Grove’s 3 towers are built around a 5-acre park-style initiative, the lush amenity deck featuring a sculpture park, amphitheater and 5-acres of private, serene, lush landscaping for residents to enjoy, designed by Enzo Enea. Park Grove will also features a new restaurant concept by Miami restauranteur Michael Schwartz, which he said will feature a wood-fire grill and is designed by Meyer Davis. 

Photos by Robin Hill Photography

For more information about Park 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:

Developer Celebrates Plans to Revitalize Coconut Grove with Groundbreaking at Metronomic Place

Miami-based development company Metronomic Inc., led by Ricky Trinidad, broke ground last Thursday for the new, mixed-use office, retail and hotel project on Grand Avenue in Coconut Grove. The groundbreaking ceremony for Metronomic Place was attended by commissioner Xavier Suarez and is set to spearhead the long-awaited revival of this corridor.

The five-story building will have about 5,000 square-feet of Class A office space, 3,200 square-feet of ground floor retail space, and a 44-key boutique hotel. The lobby and hotel interior was developed by local firm One Design Build. Designer Hugo Mijares combined metal, concrete, wood and other raw elements to create a modern industrial design with Old American style. It will also feature an activated “green” rooftop with a pool and garden area that echo the natural aura Coconut Grove in known for. Metronomic Place has an estimated completion date of Winter 2019.

Ricky Trinidad, President of Metronomic, Inc., is a developer and resident himself in West Coconut Grove, and has deep roots to the community. He hopes the project will enhance the vitality of Coconut Grove’s commercial and entertainment core.

He also just closed on a 7,200 square-foot site at 3110 Commodore Plaza called Commodore Place. The boutique hotel will offer loft-style, short-term suites with attractive amenities, a rooftop pool and garden deck area, and a two-story duplexed retail venue on the first floor.

Miguel Pinto of Apex Capital Realty brokered the deal and represented Metronomic Inc. Like Ricky, Miguel is focused on working on projects and deals that enhance communities and positively impact the commercial real estate industry.

As part of Metronomic’s larger plan to revitalize Grand Avenue, they also have over ten new construction projects in the works in Coconut Grove. This includes a large-scale comprehensive development of multiple properties of mixed-income, affordable housing, retail, office, park plazas, and sustainable living concepts.

Article by: Katya Demina