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‘King of Coconut Grove’ Faces Foreclosure. His Buyers Could Lose Their Homes

A lender is foreclosing on the Coconut Grove properties of developer Doug Cox demanding to take control of two dozen ready-to-move-in houses and prime vacant lots because of his failure to repay a $43 million debt. But the buyers just got a lifeline when Miami-Dade Circuit Court judge appointed a receiver to oversee a tangled web of lawsuits, purchase contracts and fraud accusations centered on Cox.

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Why Miami’s Coconut Grove Neighborhood Has Become A ‘Real Estate Hotspot’

The pandemic accelerated the Grove’s popularity, attracting transplants from New York, Chicago and California due to its proximity to all things great about Miami — including well-regarded private schools, a relatively quick drive to downtown, sophisticated dining, bayside parks and the revitalized Dinner Key pleasure boat marina.

Lemartec Completes Grove Bay Marina Hangars, Strengthening A Historic Miami Landmark

The historic air and sea gateway to Miami has been restored and strengthened with the completion of an important construction project that consists of the retrofit and renovation of two historic steel hangars located in the heart of Coconut Grove. Rebuilding the iconic hangars rather than repurposing the land allows the district to retain the view residents and visitors have enjoyed for decades. CLICK ON THE HEADLINE FOR MORE

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