Douglas Elliman Opens On CocoWalk In The Heart of Coconut Grove

Douglas Elliman announces the opening of a new office in Miami’s Coconut Grove located at 3059 Grand Avenue, at the epicenter of CocoWalk, replacing its previous Coconut Grove location. The expansive first-floor location will house the firm’s roster of Coconut Grove agents and operations, with additional office space for new agent recruitment.

“The redevelopment of Coconut Grove’s CocoWalk, one of the most iconic outdoor retail destination’s Miami has to offer, is a testament to the anticipated strength we are continuing to experience in South Florida’s real estate market,” said Jay Phillip Parker, CEO of Douglas Elliman Florida Brokerage. “Buyers are looking to South Florida areas where walkability and convenience is present, CocoWalk represents all the qualities of what consumers are looking for and we are excited to offer our agents a space that provides the accessibility and tools to properly service our existing and new clientele.”

The firm’s new Coconut Grove office will continue to be led by Managing Broker, Martha Pomares, who spearheaded the previous location, and will showcase area developments along with a portfolio of properties for sale throughout South Florida. Designed to encompass the area’s esthetic, the 3,099 square foot space features earth tones, multiple private and communal workspaces with an expansive outdoor terrace equipped to serve as a functional workspace while enjoying the historic backdrop of Coconut Grove.

“Being located in the center of Coconut Grove’s evolving yet historic community, gives our current agents and future prospects the opportunity to have central access to one of the most visited area’s of South Florida,” said Martha Pomares, Managing Broker of Douglas Elliman’s Coconut Grove office. “I look forward to being a part of the continued growth and success of our agents and seeing them prosper in this new state-of-the-art space.”

CocoWalk, known as one of Miami’s most iconic retail centers, began work in May marking the property’s largest and most transformative wave of demolition. Plans for the new CocoWalk include a new mixed-use development combining Class A offices, public spaces, and revamped retail including cafes, restaurants, boutiques, lifestyle, fitness, and entertainment offerings in the heart the city’s thriving Coconut Grove district. The new office location is well-situated within minutes to downtown Miami, Miami Beach and Miami International Airport.

GRAND OPENING OF THE MR. C RESIDENCES COCONUT GROVE SALES GALLERY

David Martin’s Terra and Ignazio Cipriani’s Mr. C hosted the Mr. C Residences Coconut Grove sales gallery grand opening event on February 5. Guests enjoyed live music, hors d’oeuvre and cocktails in the Mr. C Residences Coconut Grove sales gallery adjacent to Fresh Market. The new development marks the first residential project for the Mr. C brand and is set to deliver a next-generation residential experience rooted in service, design, cuisine and lifestyle. 

Residence interiors and amenity spaces are being designed by Meyer Davis, who worked closely with Ignazio Cipriani and the Mr. C team to create an on-brand experience synonymous with old-world European sophistication, cuisine and nautical inspirations. 

At the event, long-time friends David Martin and Mayor Francis Suarez took the stage alongside project leaders, to give thanks and create excitement around the future of Coconut Grove, home to other projects by both Terra and Mr. C. 

Images via World Red Eye.

By Stephanie Warren

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:

Terra and Mr. C Unveil Plans for Next-Generation Development: Mr. C Residences Coconut Grove

David Martin’s Terra and Ignazio Cipriani’s Mr. C have announced a new, high-end residential and mixed-use development in the heart of the reclusive Coconut Grove neighborhood. This is the first large-scale residential project by the Mr. C brand, a 20-story, 151-unit tower at 2655 South Bayshore Drive. 

“We’re excited to bring four generations of the Cipriani’s perfectly serviced lifestyle experience into such a wonderful project and location,” says Ignazio Cipriani, co-founder of the Mr. C brand. “Mr. C Residences Coconut Grove will be a contemporary take on classic European living, offering old world sophistication with modern comfort, combining the maritime tradition of both our brand and Coconut Grove.” 

This marks the third new construction residential development for Terra along South Bayshore Drive in Coconut Grove, and a continued collaboration between developers and hospitality brands to deliver new levels of service, design, cuisine and lifestyle. “People are looking for more thoughtful, full-service solutions set in a prime walkable location for effortless living,” says Martin.

Raymond Fort of Arquitectonica will lead designs for the building and Meyer Davis is curating the nautical-inspired interiors in collaboration with Mr. C founders. In addition to the maritime influences, they will be reintroducing a vibrant, Miami-inspired color palette with blush pinks and muted mustards. Sales are expected to launch this winter. 

Related Group Reveals Plans For New Headquarters At 2850 Tigertail in Coconut Grove

Jorge Perez’s Related Group has revealed plans for a new office building that will also be their new headquarters in Coconut Grove. Located at 2850 Tigertail Ave., the project will rise 8-stories with the top 2 floors dedicated to Related Group. The building is designed by Arquitectonica with interior design by MKDA. 2850 Tigertail will feature 195,575 SF of total development with views of Biscayne Bay from the floor-to-ceiling glass windows and terraces. The building will also feature elevated courtyards, ground floor retail, parking, a roof deck and museum quality art from Jorge Perez’s private collection. The project was originally proposed as a joint venture between Terra and Related Group and became possible in 2017 after the city of Miami rezoned the property from T5-O and T6-12 to T6-8-O. Construction is expected to cost around $34 million.

The Arquitectonica-Designed Redevelopment Of Coconut Grove's Historic Pan Am Airways Base Submitted To City

Grove Bay Investment Group LLC. has submitted plans to the city for the redevelopment and restoration of Coconut Grove’s historic Pan Am Airways base. Construction on the project is already underway on the parking garage portion of the development. The Arquitectonica-design features 2 restaurants, event space, a public rooftop terrace and a baywalk. The historic hangers will be restored and preserved. The proposal is set for review by Miami’s Historic & Environmental Preservation Board on July 2.

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.

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:

The Solar Powered Touzet Studio-Designed Grove Central Locks Down FAA Approval

The FAA has approved the Touzet Studio-designed Grove Central, an innovative $200 million mixed-use project that will use solar panels to produce its own electricity. Grove Central is located at the Coconut Grove Metrorail station and is being developed by Terra Group and Grass River Property. The building will be the first Urban Microgrid in Florida and will feature solar panels which will produce 2 megawatts of power that will be stored in batteries at a rate of 20 megawatts per hour. Grove Central will also feature a geothermal AC system and a waste-to-energy plant that will convert sewage into usable power. The proposal is currently undergoing wind tunnel testing.

One CocoWalk Signs Creative Coworking Pioneer & Operator Spaces As Anchor Tenant

As the redevelopment of CocoWalk continues, the joint venture behind the project, comprised of Federal Realty Investment Trust (NYSE: FRT), Grass River Property and Comras Company, has announced that it has signed its anchor tenant, co-working company Spaces, to occupy 42,883 SF at the new Class A office building One CocoWalk. Spaces’ long-term lease is comprised of 2,029 SF on the building’s ground floor and 40,854 SF on the second and third floors. The anchor tenant brings the 5-story centerpiece office building to 50% leased, with other leases in advanced negotiations. Spaces is an international creative coworking company operating over 160 locations in 80 countries worldwide. This deal marks the third location for Spaces in South Florida. Randy Carballo and Gavin Macphail of JLL in Miami represented the tenant, Spaces, in the lease transaction while the landlord, One CocoWalk, was represented by Tere Blanca, Danet Linares and Juan Ruiz of Blanca Commercial Real Estate.

“As new ways of doing business emerge, the flexibility coworking facilities offer is gaining popularity. Spaces is a great fit for freelancers, energetic entrepreneurs, mobile workers and startups as well as project teams or regional headquarters of well-established companies,” said Jan Sweetnam, Senior Vice President and Chief Operating Officer of Federal Realty Investment Trust. “Coconut Grove, renowned as Miami’s bohemian enclave since the 1960s, appeals to the nomadic, non-traditional mindset of the millennial generation now comprising the lion’s share of the workforce, making it a perfect site for Spaces.”

“South Florida is experiencing an entrepreneurial surge and Coconut Grove is quickly becoming one of the area’s premier destinations for startups to call home,” said Michael Berretta, Vice President of Network Development for IWG, which owns Spaces. “It’s an exciting time to be entering the market and One Cocowalk was a natural choice for our next Spaces location within the region. It embodies the vibrant spirit and ethos of our brand and provides the amenities and type of neighborhood environment that will help further foster our members’ growth and creativity.”

The coworking concept offers tenants a variety of workspace options, from dedicated desks to traditional office configurations to open areas that foster collaboration, on flexible contract terms. Special events and other perks conspire to create a shared work environment that is fun, efficient, inspiring and productive.

One CocoWalk is one of three office buildings under development for the first time in 30 years in the Coconut Grove office market. All three buildings are experiencing strong leasing activity that has solidified the Grove’s position as a highly desirable location for companies seeking class A office space. Amenities at the 85,762 SF One CocoWalk will include dedicated elevators connecting office users with private parking, 24/7 security, and a visitor entrance and lobby as well as access to a full-service gym inside CocoWalk. Perhaps the most unique amenity for tenants will be One CocoWalk’s rooftop terrace and event space, an urban oasis overlooking Coconut Grove’s lush tree canopy and historic brick sidewalks.

The transformation of CocoWalk will create a premier lifestyle destination with experiential retail, dining and entertainment spaces along with public spaces for the community to enjoy. When complete CocoWalk will be home to a total of 100,000 SF of office space and 150,000 SF of experiential retail, dining and entertainment space, along with welcoming public spaces throughout. Completion of the retail and office components are slated for the first quarter of 2020.

“In addition to offering entrepreneurs a fully-amenitized co-working space in the heart of Coconut Grove, the arrival of Spaces will bolster the Grove’s fast-growing daytime population, driving even more foot traffic to area shops and restaurants with CocoWalk at the center of this action. This is a big win for Coconut Grove,” said Tom Roth, principal of Grass River Property.

The upscale shopping center, which first opened in 1990, was purchased in 2015 by Federal Realty Investment Trust (NYSE: FRT), Grass River Property and Comras Company. The JV is now under construction with a redevelopment plan that will enhance CocoWalk’s connection to surrounding streets, aligning the property with the area’s changing demographics and revamping its commercial offerings.

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