“Our ability to pay off our financing shortly after completion speaks to the strength of One Park Grove’s development and design teams, and to the high-demand we’ve seen for this one-of-a kind iconic development,” said developer David Martin, CEO of Terra. “OMA and Rem Koolhaas had such a powerful vision for this project, and we are thrilled by the response from our owners from across the U.S. and around the world.”
Terra and The Related Group, the partners behind Coconut Grove’s premier bayfront residential tower, One Park Grove, have paid off $112 million in construction financing for the newly completed third and final phase of the luxurious, five-acre Park Grove residential community designed by award-winning architects OMA and Rem-Koolhaas in Miami.
We at the APT TEAM of Douglas Elliman are very proud and privileged to be part of the transformative Park Grove. We still have amazing opportunities but we have delivered the boutique 66 residences known as One Park Grove, culminating with the crown jewel at Park Grove. It takes a village to build a village. What a collaborative effort – from the vision of the incomparable REM Koolhaas and Shohei Shigematsu of OMA to the beautiful interiors by Meyer Davis, the splendid grounds by Enea Design, the flawless design by Wecselman Design of two superb residences, to the execution of developers Terra Group and Related Group, to marketing, contract administrator, punch list and contractor support and of course to Douglas Ellimam Development Group, team leaders, developer partners and bosses, managers and fellow colleagues (current and former). It has been a ride. A personal thank you of course to our Sales Director Annie dela Rosa, to the residents at Park Grove, to our sales team and to all of the collaborative brokers and realtors who have sold here. Let’s still sell some more and welcome your clients home to One Park Grove.