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.
Sources say developer Ugo Colombo is teaming up with Nadim Ashi’s Fort Partners on a planned Four Seasons-branded tower in Miami’s Coconut Grove. The development would rise on the site of the Kaufman Rossin office building at 2699 South Bayshore Drive, which is being demolished.
Condo dollar volume last week totaled $115 million with the top 10 deals ranging from $2M to $11M. The priciest sale was a closing of a unit in the south tower at Grove at Grand Bay,
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.
After almost a decade of flat taxes, Miami-Dade would have its second annual rate cut as high inflation sparks calls for relief from the property-tax bills mailed out in the fall.
With its dedication to the craft, guests go on a culinary adventure that celebrates the artistry and precision of sushi-making.