Related Group CEO Lists Coconut Grove Mansion for $33 Million

Related Group’s CEO Jorge Pérez, also known as the “Condo King,” recently listed his Miami home for $33 million. Located in Coconut Grove at 3323 Devon Court in Huges Cove, a gated community south of downtown Miami. Huges Cove features a total of 10 homes, each with custom architecture overlooking Biscayne Bay.

The Venetian-style mansion is sited on 0.92 acres with over 8,000 square feet of living space. With 6 bedrooms and 7 bathrooms, this unique home was built in 1996 as the family home of Pérez. The Venetian style is evident throughout with its beige travertine floors, light, and airy feel throughout, as well as classic touches of Italian artistry.

The property is truly a dream with resort amenities, including an infinity pool, spa, and gardens all on 482 feet of water frontage. The property also features exclusive water rights, a boat dock, and incredible views of Biscayne Bay.

According to tax records, Pérez originally purchased the home for $1.45 million in 1994. More recently, Pérez has sold his Apogee Beach penthouse for $6 million as well as the Related Group sold their Miami headquarters for $24 million.

The Related Group is a development company that started in Miami in 1979. Over the years, they have built iconic towers that have enhanced the Miami skyline. Related has built and managed over 100,000 condo towers. Their current projects include; They are currently working on 1400 Biscayne, District 225, and Baccarat Residences Miami.

If you or someone you know have an interest in purchasing any of the Related Group units, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District

Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.

This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.

Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.

Building Information

• Developer: Related Group and ROVR 
• Architect: Sieger Suarez Architects 
• Interior Designer: Meshberg Group 

Residence Amenities  

• Smart home technology
• Includes integrated audio, video window treatment and lighting systems
• All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
• Fully built-out closets in all residences
• Built in top-of-the-line in-unit washer and dryer
• Flooring selections included with specifications recommended by Meshberg Design
• Pre-wired for high-speed communications and data connection
• Kitchens feature custom Italian cabinetry curated by Meshberg Design
• Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer

Building Amenities

• Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay. 
• Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
• Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
• Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms. 
• Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
• Monitoring Services :24/7 security services and controlled property access.
• The District App :Customized password-protected app for home/away smart-home management.
• Parking :24/7 valet services and self parking.
• Dining :On-site café servicing the residences and recreation areas.
• Electric bikes with charging stations are available for residents on the go. 
• Housekeeping  :On-demand full housekeeping services available at your convenience.
• Climatized receiving  and storage room
• Resort Style pool deck with lounge and recreation room

Unit Distribution

Deposits

• 10% down with executed contract
• 10% 60 days after executed contract
• 10% at groundbreaking (scheduled end 2021)
• 10% at top off (schedule 3^rd quarter of 2022)
• 60% at closing (scheduled 2^nd quarter 2023)

Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.