July 9, 2014
Park Grove is set to rise on a desirable waterfront lot in Miami’s Coconut Grove neighborhood. The luxury development will be situated on a 5.2-acre site and will include 3 exclusive condominium towers, a bank headquarters, retail space and restaurant space. The project is a joint venture between the Terra Group and Related Group. Rem Koolhaas’ OMA is designing Park Grove.
Park Grove will consist of two bayfront, 20-story towers with 72 condos in each and a rear, 20-story tower with 140 smaller condos. The LEED Silver-certified development will offer a large pool, private cabanas, a state-of-the-art fitness center, a wine cellar and a private club for residents.
Currently, one of the two bayfront towers is open for sales. Prices for the 2 to 4-bedroom condos begin at approximately 1,000 dollars per square foot. About 30 percent of the building is sold. The rear tower opened for sales 3 weeks ago, and about 20 percent of the building is already spoken for. Prices in the rear tower start at 900 dollars per square foot.
Construction on Park Grove is scheduled to begin during the first quarter of 2015.
For pre-construction, insider pricing on Park Grove condos, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
