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.

Luxury Redefined: St. Regis Residences Miami Unveils $45 Million Penthouse

The first of two upper penthouse residences at St. Regis Residences Miami, has recently been listed for a staggering $45 million. This duplex penthouse boasts over 10,000 square feet of sumptuous living space, augmented by a 2,842-square-foot indoor/outdoor private roof deck. The deck is nothing short of an oasis, featuring a pool, spa, and a summer kitchen, all set against the backdrop of Biscayne Bay and Brickell’s breathtaking views.

The visionary developers, Related Group and Integra Investments, have entrusted the architectural design to Robert A.M. Stern Architects (RAMSA) and the interiors to the acclaimed Rockwell Group. This collaboration promises an unparalleled standard in luxury living.

RAMSA, taking their first plunge into South Florida’s residential market, drew inspiration from the majestic ocean liners of the golden age, seamlessly blending it with the contemporary elegance of skyscrapers. The result is a 50-story tower that will house 152 condominium homes, ranging from two to six bedrooms. This includes the penthouses, sky villas, and two exclusive garden villas, each offering a unique living experience synonymous with the St. Regis brand’s historic five-star services.

Nick Pérez, President of Related’s Condominium Division, emphasizes the unparalleled exclusivity and service associated with the St. Regis name. He notes that the penthouse’s debut at the St. Regis Residences, Miami, is a landmark moment for both the development and the Brickell neighborhood, raising the bar for luxury living.

The penthouse units, occupying floors 48-50, feature five bedrooms and seven baths. Each level is graced with outdoor terraces, and the pièce de résistance is the dramatic private rooftop. The Rockwell Group’s interior design marries the grandeur of the Brickell and Astor families with Miami’s relaxed coastal ambiance, creating an extraordinary living environment. The primary bedroom suite is a study in opulence, with features like a midnight bar, dual bathrooms, split stone top vanities, oversized stone showers, and a freestanding bathtub.

Residents of these penthouses will enjoy an exclusive lifestyle with amenities like a private internal elevator, entry foyer on the penthouse levels, soaring 11’6” ceilings in living areas, and custom European stone flooring.

The St. Regis brand’s commitment to excellence extends to its amenities. Residents will have access to over 50,000 square feet of indoor and outdoor spaces, including a professional-grade fitness center, pilates and yoga studio, pickleball court, private marina, world-class spa and wellness center, and an indoor lap pool. The signature butler services enhance the living experience with offerings like deliveries to residences, house car, shoeshine service, and more. The building is nestled within park-like grounds designed by Enea Garden Design, providing a serene environment.

For dining, residents will have access to the iconic St. Regis Tea Room and a private fine-dining restaurant helmed by Michelin-starred chef Fabio Trabocchi. This adds a new dimension to the phrase “dining in,” promising an exceptional culinary experience.

The St. Regis Residences Miami, is not just a development; it’s a testament to luxury living, combining architectural brilliance, exquisite design, and the unparalleled service of the St. Regis brand. It’s where exclusivity meets the zenith of opulence.

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.

$239 Million Construction Loan Secured for Vita at Grove Isle

Miami’s real estate market is witnessing the rise of a new luxury icon: Vita at Grove Isle. Spearheaded by the esteemed CMC Group, under the leadership of visionary developer Ugo Colombo, this project is shaping up to be a beacon of luxury and exclusivity. Recently, the project has reached a significant milestone, securing a substantial $239 million construction loan from Bank OZK. This financial infusion is set to propel the development of this much-anticipated luxury condominium project.

Nestled on the private island of Grove Isle, near the picturesque Coconut Grove, Vita at Grove Isle promises to be an oasis of sophistication and serenity. The project, which ceremoniously broke ground in April 2023, is rapidly taking shape, with its vertical construction progressing steadily towards a late 2025 completion.

Vita at Grove Isle stands out not only for its breathtaking location but also for its architectural magnificence. Planned as a seven-story building comprising 65 waterfront residences, each unit is designed to offer panoramic views of the bay, accentuated by high-quality finishes that speak volumes of luxury and comfort. Adding to this allure, over 70% of the residences have already been pre-sold, underscoring the development’s desirability.

The range of residential options is diverse, including three to four-plus-den-bedroom condominiums, and a dozen penthouses equipped with private rooftop pools. These residences redefine luxury living, with sizes going up to 6,600 square feet and prices starting at $5.7 million, scaling up to $19.5 million for the penthouses.

CMC Group’s partnership with Bank OZK is not just a financial collaboration but a testament to the project’s strong foundation and promising future. The development team includes renowned names such as global architecture firm CallisonRTKL, local S & E Architects, and Italian interior design maestros A++ Architecture. Together, they envision a three-building complex – Mare, Luce, and Sole – that seamlessly integrates boutique living with the island’s natural beauty.

The amenities at Vita at Grove Isle are a blend of comfort, luxury, and convenience. Residents can enjoy a private bayfront pool, a state-of-the-art fitness center, spa, and exclusive club facilities including a pool, bar, and sports courts. Additionally, the development will host a public gourmet restaurant and bar, alongside a private marina, ensuring a life of leisure and luxury.

Special attention is given to privacy and elegance in each residence, with features like private elevators, Italian-designed kitchens, elegant bathrooms, soundproofing, and smart home technology. The expansive waterfront terraces and private rooftop spaces in penthouses are crafted for outdoor living, offering breathtaking views and a sense of tranquility.

Located in a 20-acre gated community, Grove Isle is known for its peaceful environment and stunning views. It’s conveniently close to Miami’s prime shopping, elite schools, and entertainment hubs in Brickell, Miami Beach, and Coral Gables.

The securing of the construction loan, a strategic move facilitated by Bilzin Sumberg, marks a new phase for Vita at Grove Isle. Replacing a previous $38.5 million loan from Bank OZK in 2021, this funding underscores the project’s financial stability and bright future.

In conclusion, Vita at Grove Isle is not just a real estate development; it’s a lifestyle statement, set to redefine luxury living in Miami. With its unparalleled location, exquisite design, and world-class amenities, it’s poised to become one of the most coveted addresses in the city.

1940 Bay Drive: A Vision of Modern Living in Miami Beach

Miami Beach is set to witness a transformative residential project at 1940 Bay Drive, thanks to the innovative vision of 1940 Apartments LLC. This Sunny Isles Beach-based entity, steered by Erwin Sredni, Jonatan Sredni, and Scott Albus, has put forth ambitious plans for a new architectural landmark in the Normandy Isle area.

The proposal outlines the construction of a 5-story multi-family residential building, replacing an existing 23-unit apartment complex. Designed by Revuelta Architecture International, with landscape architecture by Gardner + Semler, this 55-foot-tall structure promises to redefine the area’s skyline. The project will introduce 12 state-of-the-art condominium units, varying in size from 2,807 to 3,019 square feet, marking a significant upgrade in residential living.

Occupying approximately 35,400 square feet, the site currently features a building spanning 29,213 square feet. It is situated in the RM-1 Residential Multifamily Low-Intensity Zoning District, a prime location amidst a bustling residential enclave characterized by multi-unit condominiums and apartment buildings along Bay Drive.

The design team has focused on creating a modern, curvilinear structure that offers a softer edge to the neighborhood’s streetscape. Each unit boasts open-concept living areas, refined lines, and expansive windows to capture the stunning Miami Beach skyline. The exterior will feature smooth white stucco finishes, wood trim slats on balconies, aluminum garage cladding, and brise soleil, complemented by blue-green tinted laminate glass with light gray aluminum framing.

This project extends its aesthetic appeal with comprehensive landscaping plans, aiming to increase landscape coverage and introduce lush green elements. The design envisions a verdant atmosphere, integrating seamlessly with the building’s façade.

In alignment with Miami Beach’s need for effective parking solutions, the project reduces the number of residential units while incorporating on-site parking facilities. This approach is expected to alleviate parking scarcity, minimize traffic impact, and enhance the neighborhood’s quality of life.

Monika Entin from MHE LAW PA represents the developers in this initiative. The Design Review Board of Miami Beach is set to review the submitted plans today, potentially marking a significant step forward in the city’s residential landscape development.

1940 Bay Drive stands as a testament to the evolving architectural and lifestyle aspirations of Miami Beach. This project not only promises luxurious living spaces but also aims to harmoniously integrate with and enhance the surrounding community, heralding a new era of urban development in Miami Beach.

Celebrate the New Year in Miami Style: A Guide to the Hottest Parties of 2023

As we bid farewell to 2023, Miami is gearing up to welcome 2024 with a grand celebration. Below are our favorite New Year’s Eve celebrations that will guarantee fun, entertainment, and a lifetime of memories.

A Star-Studded New Year’s Eve at Fontainebleau

Get ready for an unforgettable poolside bash at the Fontainebleau, headlined by none other than the sensational rapper Cardi B. Adding to the glamour, Offset, will set the stage on fire at the nightclub LIV.

Diverse Celebrations Across Miami

• We Belong Here: Experience an electrifying celebration at the Alfred I. duPont Building featuring artists like Calussa, Kimonos, Nitefreak, and Night Tales.
• Club Rudy’s and Rose Gold’s Takeover: Ian Asher headlines the party at the Kimpton Surfcomber Hotel, promising a night of unforgettable entertainment.

Notable New Year’s Celebrations

• Gene On Earth: Usher in 2024 with a sleek musical performance.
• Nicki Minaj at Y100’s Jingle Ball: Get ready for a night filled with glamour and excitement.
• Magic City Hippies’ Homecoming Bash: Join the decade-long musical journey at this New Year’s Eve celebration.

A Diverse Array of New Year’s Eve Events

From 50 Cent’s performance at M2 to Afrojack’s electrifying set at Daer Nightclub, Miami offers a range of events catering to different tastes. Whether it’s the Arabian Nights theme at the Manor or the eclectic mix at Arlo Wynwood, there’s something for everyone.

Bayfront Park offers a family-friendly environment with free admission, while the Captain’s Ball at the Wharf Fort Lauderdale adds a touch of luxury to your celebrations.

No matter how you choose to ring in the new year, Miami promises a night filled with excitement, music, and unforgettable experiences.

Coral Gables’ 4225 Ponce Development, a Class A+ Commercial and Retail Opportunity

Constellation Group, a distinguished commercial real estate investment and development firm based in Miami, in collaboration with The Boschetti Group, has successfully secured a substantial $33 million construction loan from Miami’s Banesco USA and Abanca. This funding is a strategic investment in the development of a Class A+ boutique office and retail complex at 4225 Ponce de Leon Boulevard, located in the heart of Coral Gables, South Florida’s City Beautiful and Merrick Park district. Renowned for its upscale shopping and entertainment, this area is a hub for economic growth and opportunity.

Eduardo Otaola, the Managing Principal at Constellation Group, highlighted the significance of this partnership and the potential of 4225 Ponce to introduce a unique, boutique-style Class A office environment to Coral Gables. This development is strategically positioned in a market that is currently experiencing limited supply, making it an attractive investment opportunity.

The project involves an eight-story building, spanning approximately 85,000 square feet between 4225 and 4311 Ponce de Leon. This venture is distinguished by its innovative design from the internationally acclaimed architectural firm, Arquitectonica. The luxury boutique-style Class A Office will feature 5,900 square feet of ground floor retail space, extensive parking facilities, 70,000 square feet of premium office space, and a rooftop food and beverage venue of 7,000 square feet, offering panoramic city views.

Amelia Rodriguez, Senior Vice President of Banesco USA, expressed optimism about the sustained economic growth in South Florida and the role of 4225 Ponce in enriching Coral Gables’ status as a prime business and cultural hub. This project aligns with Banesco USA’s vision of investing in innovative and dynamic projects, indicating a strong future for similar endeavors.

Monica Vasquez, General Manager at Abanca, emphasized the transformative nature of this collaboration, aimed at enhancing the urban, cultural, and economic landscape of Coral Gables. This development is a testament to Abanca’s commitment to supporting visionary and impactful projects.

Set to break ground in Q4 2023 and slated for completion in 2025, this project signifies a major revitalization initiative around Coral Gables’ Merrick Park district. It aims to elevate the business and consumer landscape of the area. Interior Architects, Inc. and Naturalificial will play crucial roles in designing the interior and landscape, ensuring a harmonious blend of nature and modernity.

Investors should note the project’s unique features, including four stories of Class A+ office space, a rooftop restaurant with city views, outdoor terraces, ground-floor retail spaces, and a 1,500-square-foot lounge. The addition of a covered pedestrian plaza and paseo with valet parking service is expected to enhance the appeal and functionality of the development, making it a lucrative investment opportunity in a thriving economic zone.

Strategic Utilities Deal for 600 Miami Worldcenter in the Park West Neighborhood

In a significant move underlining its market savvy and strategic planning, a collaboration has been formed between the developers of 600 Miami Worldcenter and Miami-Dade’s Water and Sewer Department. This partnership ensures the provision of utilities for this ambitious project, marking a critical step in its progress.

The 31-story tower, a centerpiece in the Miami Worldcenter development, has moved into the construction permitting phase. This development, handled by the renowned Beauchamp Construction Co., signifies a robust investment opportunity in one of Miami’s most vibrant and growing areas.

Highlights of 600 Miami Worldcenter:

• 615 Residential Units: High potential for sustained rental income or resale value in a thriving market.
• 4,500 Square Feet Full-Service Restaurant: Adds a valuable commercial component, attracting both residents and visitors.
• 6,000 Square Feet Fitness Center: Enhances lifestyle appeal, increasing the attractiveness for potential residents.

The project has already gained momentum with the Urban Development Review Board’s endorsement in July, indicating strong local support and a green light for the forward-moving design and construction phases.

David Arditi’s involvement, representing the developing entity, and the formal utilities agreement recorded on December 19, further solidify the project’s foundation. Aria Development and Merrimac Ventures, standing behind this venture, bring a wealth of experience and a track record of successful developments.

For more information and to discuss investment opportunities, contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Mariners Bay Condo Set to Transform into a 20 Story Development

The Mariners Bay Condo, a familiar name for those who know the area, is set for a transformative makeover. Imagine a stunning 20-story building rising majestically, offering 267 units of luxurious living space. This unnamed development isn’t just a condo; it’s a lifestyle upgrade waiting to happen.

The proposed project will include 12 townhomes and a range of condos from one to three bedrooms. Development amenities include a fifth-floor swimming pool, a state-of-the-art fitness center, spa, children’s playroom and media room. The project also calls for 433 parking spaces.

Set to be located at 12000 N. Bayshore Drive, North Miami, Florida, 33181, this development promises an ideal balance of serene residential living and convenient access to Miami’s vibrant life. It’s a short drive from the beautiful Oleta State Park and just east of I-95.

Plans include revamping the 20-slip marina, adding yet another luxurious touch to this already promising development.

While the project awaits approval, it’s exciting to think about the potential transformation of the Mariners Bay Condo, a structure from the 1980s in need of significant repairs, into a modern haven.