Four Seasons Private Residences Coconut Grove Secures $324M Construction Loan
A Major Milestone for One of Miami’s Most Anticipated Luxury Projects
Four Seasons Private Residences Coconut Grove has officially cleared a major hurdle toward construction after securing a $323.8 million construction loan, signaling strong lender confidence and paving the way for the project to move forward.
The financing was secured by developers CMC Group and Fort Partners, two of the most established names in South Florida luxury development, with the loan provided by Bank OZK, a frequent lender on high-profile luxury condo projects across the United States
Construction Financing Signals Momentum and Execution
Securing construction financing is one of the most critical milestones for any large-scale condominium development. In today’s cautious lending environment, a loan of this size underscores the project’s financial strength, sales performance, and overall market demand.
With financing now in place, Four Seasons Private Residences Coconut Grove is expected to advance confidently into the next phase of development, transitioning from vision to vertical construction.
Over 50% Pre-Sold
Even more telling than the financing itself is the project’s sales performance. Industry sources indicate that more than 50% of the residences were already sold by late 2025, well ahead of projections.
Strong pre-sales not only reduce developer risk but also play a key role in securing construction loans—making this financing a direct reflection of buyer confidence in the project, the brand, and the Coconut Grove condo market.
Prices Surpass $4,000 Per Square Foot
Four Seasons Private Residences Coconut Grove is also making headlines for its pricing. Non-penthouse residences have reportedly eclipsed $4,000 per square foot, positioning the project as the highest price-per-square-foot condominium development on the Miami mainland—a benchmark historically reserved for ultra-luxury oceanfront properties.
This pricing reinforces Coconut Grove’s evolution into one of Miami’s most prestigious residential submarkets and highlights the growing demand for branded luxury living outside traditional beachfront corridors.
A Defining Project for Coconut Grove and Miami Luxury Real Estate
With world-class branding, top-tier developers, strong pre-sales, record-setting pricing, and now construction financing secured, Four Seasons Private Residences Coconut Grove is shaping up to be one of the most significant luxury residential projects in Miami’s current development cycle.
As construction moves forward, the project is expected to further elevate Coconut Grove’s status while setting new benchmarks for luxury condominium pricing and demand on the mainland.
Tech Billionaire Larry Page Drops $173.4M on Two Miami Coconut Grove Estates
In a headline-grabbing real-estate move, Google co-founder Larry Page — widely ranked as the second-wealthiest person in the world — has just spent a staggering $173.4 million on two ultra-luxury homes in Miami’s Coconut Grove neighborhood, according to a report from The Wall Street Journal.
A Major Luxury Real Estate Buy in Miami
According to The Wall Street Journal, Page’s recent purchases include:
A 4.5-acre Biscayne Bay waterfront estate that previously belonged to restaurateur Jonathan Lewis, acquired for $101.5 million after being listed at up to $135 million.
A 17,000-square-foot nearby estate with seven bedrooms, bought for $71.9 million from Sloan and Roger Barnett on Jan. 5, 2026.
These two acquisitions bring Page’s Coconut Grove real-estate expenditures to $173.4 million, underlining the strength of Miami’s ultraluxury market.
Why Miami? Tax Policy and a Billionaire Migration
Real-estate insiders tell The Wall Street Journal that Page’s deals are part of a broader migration of Silicon Valley elites to Florida. This trend has accelerated amid debate over a proposed California wealth tax, which would impose a one-time 5% levy on billionaire assets retroactive to Jan. 1, 2026 — prompting some wealthy individuals to relocate to more tax-favorable states like Florida.
Miami’s appeal extends beyond taxes, though. The city’s luxury housing market has seen record-breaking sales, particularly in the nine-figure range, reflecting national demand among ultrawealthy buyers seeking waterfront estates, privacy, and investment upside.
Coconut Grove: A Hotspot for High-End Buyers
Coconut Grove stands out as one of South Florida’s premier luxury markets, boasting historic estates, deep water access, and lush privacy. Page’s high-profile purchases add to a growing list of elite transactions in the area — including several above $100 million in recent years — cementing the neighborhood’s reputation as a billionaire magnet.
The Bigger Picture: Florida’s Luxury Market Surge
Miami and the broader Florida luxury market continue to outperform many traditional high-end real-estate hubs:
In 2025, Florida recorded 19 sales above $50 million, outpacing New York and California.
Miami alone had four transactions exceeding $100 million, underlining fierce demand at the top tier.
For sellers and brokers alike, the influx of billionaire buyers is reshaping South Florida’s property landscape, with estates in Coconut Grove and beyond achieving unprecedented prices.
What This Means for Buyers and Investors
Whether you’re tracking ultra-luxury trends or contemplating your next investment or relocation:
Tax policy matters: State tax differences are increasingly influencing where high-net-worth individuals put down roots.
Miami remains a global magnet: With elite buyers like Larry Page making significant commitments, the city’s luxury market shows no sign of cooling.
Record sales set benchmarks: Transactions in the nine figures are resetting expectations for waterfront property values across South Florida.
The Lincoln Coconut Grove Officially Launches Sales: Redefining Boutique Living in Miami’s Historic Neighborhood
Nestled in the heart of Coconut Grove, a new luxury condominium project has officially been unveiled. The Lincoln Coconut Grove, developed by Element Development and LORE Development Group in collaboration with Leste Group and Opportunity Fundo de Investimento Imobiliário, offers a refined take on modern living.
Located at 2650 Lincoln Ave., this boutique property presents 48 thoughtfully designed residences, ranging from one to four bedrooms with optional dens, span between 1,323 and 3,073 square feet. The Lincoln also includes six exclusive penthouses, each about 3,000 square feet, feature soaring double-height ceilings and panoramic views of Biscayne Bay, Coral Gables, and the Brickell skyline.
The Lincoln’s design seamlessly integrates with its lush surroundings, drawing on the principles of tropical modernism. Paredes Architects, based in Miami, led the building’s architectural design, while Design Philosophy crafted interiors that marry elegance with practicality. The façade, envisioned by CITE Arquitetura from Rio de Janeiro, mirrors the iconic banyan trees of the Grove with vertical contours and intricate details that offer natural shade, privacy, and framed views.
Inside, residences exude tranquility with a curated palette of soft mauves, blues, and neutrals, accented by bold black and white elements for added sophistication. High-end features include Italian kitchens by Snaidero, Brizo fixtures, Porcelanosa tiles, and premium Miele appliances, ensuring that each home balances beauty and functionality.
The intimate nature of The Lincoln fosters a strong sense of connection among residents. Upon arrival, a grand double-height lobby welcomes guests with a custom chandelier and elegant bronze glass accents. From there, a striking wooden staircase leads to the mezzanine level, where unique amenities await, including a golf simulator, private theater, and event space.
The rooftop oasis offers a serene retreat with a pool deck finished in Italian silver travertine, private cabanas, and outdoor kitchens. A yoga pavilion, known as “Columpio” (Spanish for swing), adds a playful element, while colorful swing sets bring a whimsical touch. Additional amenities include:
A wellness center with saunas, steam rooms, and hot and cold plunge pools.
An owners’ lounge for social gatherings.
A covered dog park with grooming facilities.
The Lincoln’s prime location allows residents to explore Coconut Grove’s finest offerings with ease. From luxury shopping at Cocowalk to Michelin-starred dining at Ariete and Los Félix, the neighborhood brims with opportunities. Popular spots like Sadelle’s and Regatta Grove provide idyllic settings for brunch or cocktails by the marina. Convenient access to the Coconut Grove Metro Station, Miami International Airport, and nearby neighborhoods like Coral Gables and Downtown Miami enhances the appeal for families and professionals alike.
For those looking to experience the perfect balance of modern elegance and timeless charm, The Lincoln Coconut Grove stands as a testament to the enduring allure of this historic Miami neighborhood.
Four Seasons Private Residences Coconut Grove Construction Update
The highly anticipated Four Seasons Private Residences Coconut Grove is making significant strides towards becoming a new landmark in Miami’s luxury real estate scene. The developers, CMC Group and Fort Partners, recently finalized a deal to connect the upcoming 20-story tower to Miami-Dade’s water and sewer system, a crucial step in the project’s progression.
The construction permit application for this new addition to Coconut Grove’s skyline was submitted in December and is currently under review. Once completed, this will be the first standalone Four Seasons residences in Florida, marking a significant milestone for the brand in the state.
In a notable move, the developers launched sales for the 70 residential units in April, bypassing the traditional reservation stage. The response was immediate and enthusiastic, with buyers going straight to contract, underscoring the strong demand for these exclusive properties.
The residences will offer a range of options from two- to four-bedroom units, with sizes reaching up to 3,980 square feet. For those seeking even more space and luxury, four penthouse residences are available, ranging from nearly 6,430 to a sprawling 9,690 square feet. Each unit will feature private elevators and 11-foot ceilings, providing an unparalleled sense of space and privacy.
The design of the Four Seasons Private Residences Coconut Grove is in expert hands. Renowned Florentine designer Michele Bönan is overseeing the interior design, ensuring a sophisticated and timeless aesthetic. The architectural vision is led by Miami-based architect Luis Revuelta, known for his innovative and elegant designs.
As this project moves closer to realization, it promises to set a new standard for luxury living in Miami. With its prime location, world-class design team, and the prestigious Four Seasons name, these residences are poised to become a sought-after address in Coconut Grove.
For potential buyers and investors, the opportunity to own a piece of this exclusive property is both a lifestyle and an investment opportunity. Stay tuned for more updates as this exciting project continues to take shape.
OPUS Coconut Grove Development Unveiled with 14 Exclusive Residences
We are thrilled to introduce OPUS Coconut Grove, the latest gem in the crown of luxury real estate. Nestled in the heart of Miami’s enchanting Coconut Grove, OPUS is a rare offering, limited to just 14 exclusive residences. This pre-construction development is designed to redefine elegance and sophistication, with units starting at $2.5 million, targeting a delivery by the summer of 2026.
The name OPUS is synonymous with pure excellence, unparalleled quality, and exceptional craftsmanship. These principles are the cornerstone of the 14 bespoke homes that make up this development. Renowned architect Kobi Karp and esteemed interior designer Joao Armentano have joined forces to sculpt a living experience that is as luxurious as it is functional. Every element, from the sweeping floor plans to the meticulous interiors, is crafted to harmonize luxury with everyday living.
Situated at 3137 SW 27th Ave, OPUS offers an enviable location within walking distance to the very best of Coconut Grove. From top-tier restaurants and chic retail to vibrant marinas and lush parks, everything is just a stone’s throw away. The development also boasts proximity to some of the highest-rated schools in Miami-Dade County, making it a perfect spot for families.
OPUS is not just a residence; it’s a lifestyle. The building features a six-story boutique structure with 12 residences and 2 penthouses. The amenities are designed with the utmost attention to detail:
Luxurious Amenities: 24-hour concierge, valet parking, and security, a rooftop pool and lounge, private gym and spa, and a climate-controlled wine cellar.
Residence Features: Custom kitchens with Italian cabinetry, Miele & Sub-Zero Wolf appliances, 12 ft high ceilings with floor-to-ceiling glass, and private elevator foyers.
Sustainability and Convenience: All condos are pre-wired for smart home automation and include natural gas, high-speed internet, and dedicated storage units.
The proposed deposit structure ensures a commitment to quality and investor confidence:
20% at contract
10% at groundbreaking (est. Q1 2025)
10% at top-off (est. Q4 2025)
Remaining 60% at closing (est. Summer 2026)
As Coconut Grove continues to rise as a competitive and desirable locale, the opportunity to secure a home at OPUS should not be overlooked. With its limited inventory and high demand, securing a residence at OPUS is more than an investment—it’s a chance to own a piece of paradise in one of Miami’s most sought-after neighborhoods.
Unveiling the Four Seasons Private Residences Coconut Grove: A New Era of Luxury Living in Miami
In a landmark collaboration that underscores the future of luxury residential living, CMC Group, led by visionary developer Ugo Colombo, and Fort Partners, spearheaded by CEO Nadim Ashi, have joined forces with the prestigious Four Seasons brand to launch the Four Seasons Private Residences Coconut Grove. This project marks a significant milestone as it introduces the first standalone Four Seasons residential development in Florida, setting a new benchmark for luxury in one of Miami’s most historic neighborhoods.
The alliance of CMC Group and Fort Partners with Four Seasons is not just a partnership but a convergence of philosophies centered around excellence and visionary foresight in luxury real estate. With each entity bringing a unique strength to the table, this project promises to redefine luxury living in Coconut Grove and beyond.
Renowned Florentine designer Michele Bönan is at the forefront of the interior design, bringing his celebrated aesthetic that merges classic elegance with modern luxury. Complementing Bönan’s interiors, the architectural design by Miami-based Luis Revuelta is poised to make a profound impact on the skyline. His design philosophy harmonizes with Coconut Grove’s lush landscapes, featuring a building façade that curves softly, integrating seamlessly with the surrounding environment while offering breathtaking ocean views of Biscayne Bay.
The Four Seasons Private Residences Coconut Grove will stand 20 stories tall, offering 70 luxurious residences ranging from two to four bedrooms and up to 3,980 square feet. The development will also feature four expansive penthouses, with sizes from nearly 6,430 to 9,690 square feet, setting a new standard for opulence.
Michele Bönan’s design philosophy brings a sense of cohesion between the lush outdoor environment and the elegant interiors. Inspired by the rhythmic beauty of the ocean and the natural charm of Miami, his designs promise a serene living experience that blends the outdoors with the indoors in a symphony of style and comfort.
Residents of Four Seasons Private Residences Coconut Grove will enjoy an array of amenities that include a state-of-the-art gym, a luxurious spa, and a sprawling pool deck. True to the Four Seasons promise, the residence will offer comprehensive services such as a dedicated Director of Residences, concierge, in-residence dining, and personalized housekeeping.
The collaboration signals a promising horizon for real estate and hospitality development. With projects under the Four Seasons flag planned across the United States and Europe, this venture is just the beginning of a new chapter in luxury living. The Four Seasons Private Residences Coconut Grove is not just a place to live; it is a lifestyle, an experience, and a promise of living like no other.
Situated in a neighborhood known for its vibrant culture and exceptional quality of life, the residences promise a community-centric lifestyle enhanced by proximity to top-tier schools, quaint boutiques, and gourmet restaurants. The Four Seasons Private Residences Coconut Grove are set to become a cornerstone of the community, offering a lifestyle that is both luxurious and integrated with the spirit of Coconut Grove.
Grove Central: A New Era of Mixed-Use, Transit-Oriented Development in Miami
Miami’s dynamic Coconut Grove neighborhood is witnessing a transformative era with the completion of Grove Central, a mixed-use multimodal complex. This innovative project by Terra and Grass River Property is now welcoming residents and shoppers alike, setting a new benchmark in urban living and commercial spaces.
Strategically situated at 2800 Southwest 27th Terrace, Grove Central isn’t just another building; it’s an ecosystem. The complex boasts a towering 23-story residential structure with 402 diverse units, including multifamily, workforce, and co-living spaces. Additionally, it features a new public parking garage with 1,250 spaces and a sprawling 170,000 square feet of retail space, truly embodying the essence of a community hub.
What sets Grove Central apart is its seamless integration with Miami’s transportation network. It’s directly connected to the Coconut Grove Metrorail Station and interweaves with The Underline linear park, Miami-Dade’s bus system, and Miami’s trolley network. This integration not only facilitates easy transit but also promotes a more sustainable lifestyle.
The retail component of Grove Central, anchored by big names like Target, Sprouts Farmers Market, Total Wine & More, and others, offers a comprehensive shopping experience. This commercial hub is set to become a go-to destination for both locals and visitors, offering everything from daily necessities to leisure and entertainment.
Under the leadership of Miami-Dade County Mayor Daniella Levine Cava, Grove Central is a shining example of successful public-private partnerships. This project not only generates substantial economic benefits, including job creation and revenue for the county, but also marks a significant stride in enhancing community living standards.
The residential tower at Grove Central, with its wide range of units from cozy studios to spacious five-bedroom units, promises an upscale living experience. Each apartment is a blend of style and functionality, featuring modern finishes, energy-efficient appliances, and breathtaking views of the surroundings.
Residents of Grove Central can indulge in an array of amenities. These include a resort-style rooftop pool, a fitness center, co-working spaces, and leisure facilities like a karaoke lounge, a golf simulator, and more. Each feature is thoughtfully designed to cater to the diverse needs of its inhabitants.
Grove Central is more than just an architectural marvel; it’s a testament to sustainable development. With Florida Green Building Certification, the project incorporates eco-friendly elements like water-resilient plantings and a system for rainwater reuse, aligning with Miami’s green initiatives.
As Grove Central opens its doors, it heralds a new chapter in Miami’s urban development. This project is not just about building spaces; it’s about creating a community that thrives on connectivity, sustainability, and modern living. With its strategic location, diverse offerings, and commitment to the environment, Grove Central is poised to be a beacon of urban development in Miami and beyond.
Kevin Love’s Miami Real Estate Slam Dunk: Inside the NBA Star’s New Multimillion-Dollar Coconut Grove Home
Miami’s Coconut Grove neighborhood, known for its exclusivity and prestige, has recently welcomed a new high-profile resident: NBA All-Star and Miami Heat power forward, Kevin Love. His recent acquisition of a substantial property in this sought-after area marks yet another instance of NBA players investing in multimillion-dollar Miami homes, a growing trend in the world of professional basketball.
Kevin Love’s latest investment is a spec home located northeast of Main Highway, a location that boasts both prestige and prominence within Miami’s vibrant cityscape. This acquisition, facilitated through a trust, saw Love and his wife Kate secure a substantial $6.1 million mortgage from Morgan Stanley. Despite an asking price of nearly $10 million, the final deal was struck at $9.5 million.
The 6,400-square-foot mansion, completed in 2023 on a third-acre lot, is a testament to luxury and comfort. It features seven bedrooms and an equal number of bathrooms, ensuring ample space for Love, his family, and guests. Adding to the opulence is a wine cellar and a swimming pool, making this property a true symbol of luxury living. The home’s previous owners, a company led by Carlos Fontecilla and Justin Drexler, have passed on a piece of real estate that is nothing short of spectacular.
Since his NBA debut in 2008 with the Minnesota Timberwolves, Kevin Love has been a significant figure in basketball. His move to the Cleveland Cavaliers in 2014 and his recent transition to the Miami Heat, with a two-year, $7.9 million contract, highlight his impressive career. This property investment in Miami not only signifies a new chapter in his personal life but also strengthens his connection to the city and the Miami Heat.
The trend of NBA players investing in Miami real estate is not new. Tyler Herro and Victor Oladipo are among those who have recently acquired properties in the city. LeBron James, a former Miami Heat star, has also invested in the area, purchasing a unit at the Estates at Acqualina in Sunny Isles Beach for $9 million. Kevin Love’s recent investment underscores this growing trend, as Miami continues to attract basketball’s elite with its allure of luxury, lifestyle, and leisure.
Financing Secured for New Development in Coconut Grove-Residences in the Grove
Residences in the Grove, a 148-unit luxury condominium at 2835 Tigertail Avenue in Miami’s Coconut Grove area, has received a $43.2 million refinancing loan for construction.
The loan was financed through City National Bank of Florida and KS Finance Corporation. This loan will pay for site preparation and preliminary demolition in order to kick off the project.
The developers for the project include a joint venture with Terra Development and AB Asset Management. The five-story development, designed by Arquitectonica, will have a stunning design centered on a coral rock façade and sustainable features that will effortlessly mix in with Coconut Grove’s current landscape and tree canopy. Also, the building will include about 22,000 square feet of street-level retail space with a health theme.
Tower Amenities:
Gym
Pool
Social Lounge
174 residential units
22,070 square feet of commercial
344 parking spaces (all in the basement)
Residence Features:
Elegant kitchen
Spacious floor plans
10 ft. ceilings
Stainless steel kitchen appliances
Construction is scheduled to begin this year with a completion date in Q4 2023 or early 2025. If you or someone you know have an interest in purchasing at Residences in the Grove, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Nestled in the heart of 
