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The Groove in the Grove

August 5, 2019

The Groove is back in the Grove, Miami’s most dynamic neighborhood. Where one lives in Miami boils down to understanding each area and what is going up (sometimes down) in each neighborhood. Every month, we will talk about a specific neighborhood and attempt to shed some light on what is happening within its confines. In this case, we will talk about how THE GROOVE IS BACK IN THE GROVE.

While Coconut Grove has been undergoing a transformation in the past years, it still maintains a charm found nowhere else in Miami. It is a bayfront city within a city that is both upscale and casual. With a foot traffic of 70,000 a month,  the Grove is pedestrian friendly which makes it a genuine neighborhood. It has a walkability factor that other areas in Miami don’t provide.

Fast forward to a couple of years from now and the Grove will probably solidify itself as one of the best pockets in Miami.  Coconut Grove will cater to the tourists but its focus will be more on being the hamlet and playground for the locals.

Here is a sneak peek of what is under construction, what has been delivered and what is in the pipeline for the Grove.

Rendering of CocoWalk

Construction Updates

Cocowalk – The reinvention of Cocowalk is curated and planned to include a selection of local, homegrown cool and innovative retailers in lieu of only traditional stores. It also includes the 5 story office building One CocoWalk.  According to a JLL report, Coconut Grove’s Class A office-vacancy rate is around the tiny 1.7%. Boyne Capital just leased at CocoWalk. Construction on CocoWalk is ongoing and will be ready to welcome new by the first half of 2020. Related article.

Rendering of Regatta Harbour

Regatta Harbour – It is being done in phases with the retail area projected for  summer of 2019 and the waterfront restaurants by 2020. Construction on Regatta Harbour began on October of last year and they are moving rapidly. Regatta Harbour will include restaurants, specialty stores, marina services, floating docks and on-site parking. It will also provide marina services with storage slips for more than 400 vessels  (which is now completely assigned with a waiting list) an upgraded and relocated fueling station. Restaurants Afishionado, Hangar 42 and Cut and Dry are set to be in place by 2020. Related article.

Rendering of The Corner at The Grove

The Corner at The Grove – It is located at the intersection of the southeast corner of Grand Avenue and McFarlane Road. The Corner at The Grove is a highly visible and valuable corner across CocoWalk, The Shoppes at Mayfair and the Engle Building. It used to have Johnny Rockets. 1,308-14,44sf spaces with outdoor seating available. Anticipated construction completion in the coming months.

Rendering at The Grove MIA

The Grove MIA – According to their website, “the design intent is to draw from the existing historical Spanish Mediterranean building and Coconut Grove’s surrounding textures to develop a modern interpretation for the complex. The Grove MIA’s renovation of the existing retail buildings along Main Highway and Fuller will maintain it’s character, which is what Coconut Grove is known for”. The existing Mediterranean façade of the building will be preserved, but it will be modernized. Under Phas. At the rear of the complex, where the parking lot is now, will be Phase II, which will consist of retail shops.

Actual photo taken of Mary St taken by Golden Dusk

Mary Street – Class A Office and prime retail located at a gateway to the Coconut Grove village. Designed by Touzet Studio, Mary Street adapted an existing parking structure and converted into a five story, 75,000sf Class A office and retail space. Building is nearly completed. It is across the street from Park Grove. Amenities at Mary Street will include 24-hour security, covered drop-off and valet areas, electric car charging stations, bicycle stations and storage. Jaguar Therapeutic, OXXO Cleaners, Elia restaurant, Workout Spot are among the signed retail tenants. “Our team launched Mary Street to complete the vision of a true live-work-play environment in Coconut Grove,” added David Martin, President & Co-founder of Terra.

Rendering of The Optimum

The Optimum – The Optimum is currently under construction. It is located at 3480 Main Highway. It will provide 40,000 square feet of Class A office space with a signature restaurant on the ground level and rooftop bar brought by Ink Entertainment. Ink Entertainment has been a prominent entertainment and lifestyle company from Canada since 1982. They own properties and work in the four corners of the world. They own Byblos in Miami Beach.

Mr. C Hotel featuring Bellini Restaurant and Bar

Mr C. From the Cipriani family comes this 5-Story 98-room boutique hotel on McFarlane Rd with Bellini restaurant and rooftop bar. Already up and running, Mr C. draws a crowd because of its décor, ambiance, amenities and cuisine. Is it restaurant with a hotel or a hotel with a restaurant? It really doesn’t matter. What matters is that Mr. C is a welcome addition to the neighborhood. Related article.

Rendering of The Grand Plaza

Grand Plaza- It is under construction. It was bought by Metronomic for $74M and is a sustainable, well-balanced, environmentally conscious, community focused, and technology driven new development in Coconut Grove, Miami, Florida”. The first phase includes 50 affordable housing units, 20 market-rate apartments, 11,000sf of retail and underground parking. Grand Plaza will transform the property located at the southeast corner of Grand Avenue and Margaret Street, the current location of Coconut Grove’s Saturday Farmer’s Market. Other aspects of Grand Plaza include the new Farmer’s market which will have a daily marketplace with goods and services from local farmers, artisans and more. Upon completion of all phases, the Grand Plaza project will add 12 new buildings in the West Grove. Related article.

Grove CentralGrove Central is a 883,000-square-foot mixed-use, sustainable development that will include a 23-story tower with 180,000 square feet of office, 40,000 square feet of retail, and 850 parking spaces. Target has signed a lease here and will occupy 49,658 square feet which encompasses six stories of space and five stories of garage. Grove Central is being constructed by Juneau Construction Company for developers Grass River Property and Terra Group.

The Grove will be completely revitalized all the while maintaining an authentic work-live-lifestyle village with a local feel. More on Coconut Grove.

Award-winning The APT Team has been selling and marketing the most exclusive properties and developments in Miami for over a decade. "Addressing luxury living with APT-itude, not attitude" is the telling philosophy of the Team. Go ahead, leverage us and maximize your real estate experience.

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All data is deemed reliable but is not guaranteed accurate. THE APT TEAM AT Douglas Elliman.
© 2019. Douglas Elliman Real Estate. Equal Housing Opportunity. All materials presented herein is intended is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. If you property is currently listed with another real estate broker, please disregards this offer. It is not our intention to solicit the offerings of other real estate brokers. We cooperate with them fully. Broker participation welcome. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, make reference to the documents required by section 718.503 Florida Statutes to be furnished by the Developer to Buyer or Lessee. Not an offer where prohibited by State Statutes. Plans, features and amenities subject to change without notice. All illustrations and plans are artist conceptual renderings are subject to change without notice. This advertisement does not constitute an offer in the states of NY or NJ or any jurisdiction where prior regulations or other qualifications are required. EQUAL HOUSING OPPORTUNITY.