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.
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.
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.
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.
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.
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.
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. 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.
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 Central – Grove 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.