Miami New Construction Spotlight – Park Grove

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Park Grove
Bayfront Residences
2701 Bayshore Drive | Coconut Grove

In this Miami New Construction Spotlight, I’m featuring the newest pre-construction project to hit the Coconut Grove neighborhood: Park Grove.  Designed by Rem Koolhaas’ Office for Metropolitan Architecture and developed by Terra Group and Related Group, Park Grove will sit on Bayshore Drive at the site of the Coconut Grove Bank, providing expansive views of the bay, marina and the village of Coconut Grove.

Described as striking “a thoughtful balance between direct access to downtown Miami and a sense of serenity and separation,”  Park Grove is the ultimate location for those who desire that perfect combination of “upscale bohemian living” in Coconut Grove, with the excitement of Miami’s nightlife at their fingertips.

The project will consist of 3 towers and will be constructed in phases with Towers 2 and 3 being sold first.   Floor plans will range from 1-4 bedrooms with approximately 800 sq ft to nearly 3,000 sq ft.   One of the notable features of Park Grove is that the units will be delivered totally finished (similar to Echo Brickell), with interiors by William Sofield (if you’ve seen Sofield’s work, you know these interiors will be très chic).

Scroll down for photos and more info:

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Features of Park Grove:

  • Developed by Terra Group & Related Group
  • Designed by World-Renowned Architect OMA /Rem Koolhaas
  • Expansive Bay and City Views
  • Certified LEED ® Silver
  • 24-Hour Concierge and Valet Service
  • Nautical Themed Concierge for Booking Yachts, Boats, Sailing Lessons, etc.
  • Butler Service
  • Private Business Center with Meeting Rooms
  • Lush Landscaped Gardens by Enzo Enea
  • Sculpture Garden
  • Artwork by Notable Sculptors and Artists
  • Lobbies and Amenity Area Designed by William Sofield
  • Luxurious Pool with Private Cabanas
  • Bayview Dining Room for Private Events
  • Dedicated Penthouse Pools
  • Wine Cellar and Wine Lockers for Residents
  • Indoor /Outdoor Yoga Spaces
  • Large Conference Room /Boardroom with Video Conferencing Capabilities and Integrated Media Systems
  • Library
  • Fitness Rooms, Reception, and Mail Room for each Residential Tower
  • Bike and Watercraft Storage
  • Residents Lounge for Events
  • Children’s Indoor and Outdoor Play Area
  • Private Screening / Media Room
  • Adult Gaming Room including Billiards and Table Tennis

Amenities include:

  • Private Club to be Accessed by all Park Grove Residents
  • Curated Events and Speaking Appearances by Top Leaders in
  • Diverse Industries, Private Musical Performances by Acclaimed Artists, Private Movie Screenings, and Epicurean Events
  • Concierge Services
  • Large Dining Area and Full Service Kitchen with Acclaimed Chef
  • Library /Lounge Area
  • Social Spaces
  • State-of-the-Art Fitness Center, including:
  • Top-of-the-Line Fitness Equipment and Free Weights
  • Private Training Rooms, including Yoga, Pilates, and Spinning Studio
  • Spa with Personal Treatment Rooms, Steam, and Sauna
  • Men’s and Women’s Locker Rooms

Residence features:

  • 1, 2, 3 and 4 bedroom floor plans
  • 3 buildings (Tower 1, Tower 2, and Park Grove “Club Residences”)
  • Interiors Designed by William Sofield
  • Italian Cabinetry with Glass Doors and Stone Countertops
  • Sub-Zero / Wolf Appliances

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Views from Park Grove:

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There is no question that Park Grove is going to be an incredible project, from the architecture and art to the landscape and interiors.  And as a new “Groveite” myself, I can honestly tell you that Coconut Grove is one of the most special neighborhoods in Miami and a wonderful place to live.  If you’re interested in this project or looking for more information on Coconut Grove or the surrounding neighborhoods in Miami, contact me today at lindsayrubens@avatarflorida.com or 305.799.2124.

Under $500k: Luxury Living at the Ritz-Carlton Residences, Coconut Grove

A1964557_301_15The Residences at The Ritz-Carlton, Coconut Grove
3350 SW 27 Ave., #1603
1 bedroom/1 bathroom/1 half bath | 896 sf | $499,000

After a bit of a hiatus, Under $500k is back! – and this week, I’m featuring a modern and bright 1 bedroom unit at The Residences at The Ritz-Carlton, Coconut Grove.  Tucked away in the heart of Coconut Grove just off of Bayshore Drive, these Ritz-Carlton residences are located in one of Miami’s most exclusive neighborhoods surrounded by nearly two acres of lush tropical gardens and views of Biscayne Bay.  Built in 2002, the property consists of 2 towers (one for hotel guests, another for residents), and the residents’ tower has 22 floors with 115 units.  Residents can enjoy the hotel’s premier amenities, such as a state-of-the-art spa and fitness center, luxurious pool, valet and concierge services, as well as the hotel’s cafe and fine dining.  It’s also worth noting (for all of your dog lovers – like me!) that the Residences are pet-friendly.

The property I am showcasing  is #1603 and it has 1 bedroom, 1 full bathroom and 1 half bathroom.  It has just under 900 square feet and is listed for $499,000 ($554/sf). The property is listed by Mitzi Mitchell of Cervera Real Estate.  The unit features beautiful modern finishes including beige marble floors throughout with Venetian plaster walls. It has a large balcony overlooking sailboats on the bay and a sparkling city skyline at night.  The spacious master bedroom has a walk-in closet and a luxurious en-suite master bathroom with dual sinks, a bath tub, glass-enclosed shower, and ample cabinetry.  The kitchen is light and bright with granite counter tops and stainless steel appliances, and the powder room is a great added bonus for entertaining.

One of my favorite parts about this property is all the gorgeous light fixtures.  While recently decorating my new house, I became obsessed with light fixtures – they’re an easy way to make a dramatic change in a space.  I’ve counted three sparkling light fixtures throughout this property – one in the kitchen, and one in each bathroom.  They are super chic and provide the perfect touch of luxury!  Scroll down to see all the photos, as well as recent sales activity in the building:

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Master Bedroom

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Master Bedroom

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Master Bathroom

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Master Bathroom

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Kitchen

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Powder Room

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Living Room

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Hotel Lobby

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Pool Deck

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Hotel Dining

Below is the sales data for the last 12 months:

Unit Sq Ft #Beds #FullBaths #HalfBaths List Price Sale Price Price/SqFt Date Sold
# 1105 959 1 1 1 410,000 405,000 422.315 5/30/2014
# 1401 2235 3 3 1 1,329,000 1,250,000 559.284 4/22/2014
# 1406 2028 2 2 1 849,000 849,000 418.639 1/8/2014
# 2202 2607 3 3 1 1,750,000 1,675,000 642.501 11/12/2013
# 2203 1831 2 2 1 825,000 750,000 409.612 9/16/2013
# 1603 896 1 1 1 499,000 480,000 535.714 9/6/2013
# 1904 1084 1 1 1 499,000 468,000 431.734 9/4/2013
# 1806 938 1 1 0 399,000 395,000 421.109 8/15/2013
# 1004 2028 2 2 0 799,000 725,000 357.495 8/2/2013
# 1601 2235 3 3 1 1,475,000 1,250,000 559.284 7/2/2013
# 906 2028 2 2 1 795,000 740,000 364.892 7/1/2013

Below are all of the available units for sale in the building:

Unit Sq Ft #Beds #FullBaths #HalfBaths List Price
# 1901 2530 3 2 1 1,599,000
# 1002 2032 3 3 1 1,230,000
# 1204 2028 2 2 1 925,000
# 1603 896 1 1 1 499,000
# 1003 896 1 1 1 495,000
# 1706 938 1 1 1 459,000
# 907 896 1 1 1 450,000

Contact me at lindsayrubens@avatarflorida.com or 305.799.2124 for more information.  Happy weekend!