Opus Coconut Grove Secures $28.8M Construction Loan, Paving the Way for Vertical Development
META Development has reached a major milestone for Opus Coconut Grove, announcing the successful closing of a $28.8 million construction loan from Los Angeles–based Arixa Capital. The funding marks a pivotal step forward in bringing this limited-edition boutique development to life in the heart of Miami’s Coconut Grove.
Financing Milestone with Arixa Capital
The construction loan signals strong confidence in both the project and Miami’s luxury condo market. With traditional lenders tightening standards, developers have increasingly turned to private lenders like Arixa Capital. This financing ensures Opus Coconut Grove has the resources needed to move confidently into the next phase of development, advancing from pre-construction to demolition and vertical building.
According to META Development CEO Andrew Rasken, securing financing validates the firm’s “Go Boutique” philosophy, which emphasizes smaller-scale, design-forward residential projects that cater to discerning buyers seeking exclusivity and craftsmanship.
A Boutique Vision for Coconut Grove
Opus Coconut Grove is designed as a limited-edition collection of residences, blending architectural precision with contemporary elegance. The development reflects Coconut Grove’s character—lush, green, and residential—while elevating the experience with curated design and modern amenities.
Rasken noted that the financing is not only a milestone but also a response to the growing demand for boutique, design-driven residences in Miami, a market that continues to attract both local and international buyers.
What’s Next for Opus Coconut Grove
With financing now fully secured, construction will progress to demolition, site work, and eventually vertical construction. Once completed, Opus Coconut Grove will stand out as a distinctive residential experience in one of Miami’s most sought-after neighborhoods.
Located just minutes from Biscayne Bay and the cultural and dining offerings of Coconut Grove, the development offers future residents both convenience and a lifestyle defined by privacy, luxury, and architectural distinction.
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.
