Why Park Grove Is The Key To Rebuilding Coconut Grove
High-end real estate, upscale shopping, and fine dining add new life to Miami’s most interesting neighborhood.
Terra Group’s Grove at Grand Bay will have five pools, a pet spa, a personal chef, private elevator access, and gardens by landscape designer Raymond Jungles.
One of Miami’s oldest neighborhoods, Coconut Grove is in the midst of a revival, growing from (as advertised) “Birkenstock to Billionaires,” with an influx of higher-end dining and shopping destinations, yet still maintaining its old-school charm.
Among the luxury residential projects giving the Grove a kick in the class is the Terra Group/Related Group joint venture Park Grove, a 260-unit, three-tower development with residences priced from $2 million and an Enzo Enea-designed sculpture park and a restaurant by Michael Schwartz among its amenities.
“Park Grove is the missing piece that will not only fill that void for needed ultra-high-end luxury condos but also fuse CocoWalk and other retail sectors,” says Dan Hechtkopf, director of luxury sales at Douglas Elliman, of the project, set for completion near the end of 2017.
Terra Group’s Grove at Grand Bay, which is set to be completed this summer, offers five pools, a pet spa, a personal chef creating weekly menus, private elevators to each of the 98 units, and lush gardens from landscape designer Raymond Jungles.
Shopping complex CocoWalk will inevitably get a face-lift as well after its May 2015 purchase by Federal Realty Investment Trust, Grass River Property, and the Comras Company. A tourist stop for years, CocoWalk will welcome a new crop of tenants that cater more toward local needs.
“The Grove was always a place where cool people lived, and others enjoyed coming here and seeing the hippies,” says Grove resident David Collins, who spent eight-plus years on both the Coconut Grove Village Council and as executive director of the Business Improvement District. “In terms of the merchants in Coconut Grove, the condo towers that are going up, it means more people in the restaurants and more people shopping.”
Source: Ocean Drive