The construction of Grove Central is finished. The residential tower is open for occupancy, with renters moving in, and the development’s retail component is opening in phases.
In what lawsuits allege was a long-running real estate fraud in Coconut Grove. a judge just approved a settlement among parties with the most money at stake. The $33 million deal omits those who put $20 million down on homes and lots where, their lawsuits allege, the developer fraudulently delayed completion while collecting multiple deposits and obtaining loans on the same properties.
The Coconut Grove Organic Farmers Market could soon be gone, as new development replaces the community’s landmarks, piece by piece. The market, amid lush almond and live oak trees, feels almost immune from encroaching development. But the market’s history is also part of a larger story of a changing Coconut Grove.
A Miami-Dade Circuit Court Judge just approved the bulk sale of one dozen choice, lush lots in the highly desirable real estate market of Coconut Grove. The auction is being held to raise money to help pay back $85 million that buyers, investors and lenders claim they are owed by developer Doug Cox.
According to court records, a court-appointed receiver wants to auction off a dozen prime lots in Coconut Grove. Eight of the lots are still under contract to buyers, some of whom have waited years for their houses to be built as completion dates came and went and nothing happened on the properties.
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
Billionaire Ken Griffin Wants To Move A Historic Home Off His Miami Property. Preservationists Aren’t Happy.
The Citadel founder and CEO is considering relocating the circa-1913 house built by William Jennings Bryan to another location where the public can view it. Locals are concerned about moving an old structure and ‘redacting history.’ CLICK ON THE HEADLINE FOR MORE
Already completed Phase one of The Underline includes urban gardens, basketball courts, bike paths and recreational areas. Phase two currently under construction will include recreational and sports areas from Brickell to Coconut Grove. The third phase already started will join Coconut Grove, Coral Gables and South Miami. CLICK ON THE HEADLINE FOR MORE
South Florida housing prices are expected to rise 3.4% in 2023, according to a newly released Realtor.com forecast. Meanwhile, the volume of sales is predicted to drop by 2% locally. CLICK ON THE HEADLINE FOR MORE
In a unanimous Miami City Commission vote, a restaurant that voters approved nine years ago for city-owned waterfront land got another nine years for completion. The unnamed restaurant is to replace the Charthouse near city hall. CLICK ON THE HEADLINE FOR MORE