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23-Story, Mixed-Use Project Grove Central Opens In Coconut Grove
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.
Coconut Grove Arts Festival Set To Celebrate 60 Years Of Artistic Expression
Considered one of the top 10 outdoor art shows in the country, the Coconut Grove Arts Festival will once again bring Miami's beloved neighborhood to life as it celebrates six decades of creativity. The three-day festival will feature over 280 internationally recognized, jury-selected artists showcasing their works of art all along Biscayne Bay
Ugo Colombo Scores $239M Construction Loan For Grove Isle Condos
Bank OZK provided the loan to CMC for the seven-story, 65-unit luxury waterfront condominium that is under construction on Grove Isle in Miami’s Coconut Grove. It’s more than 70 percent presold, according to a CMC press release.
On January 7, the epic affair will bring wacky costumes, vibrant floats, creative signs and live bands. Four decades, to be exact, as this year marks its 40th anniversary. The theme for this year is I Can’t Get No DeSantisfaction, sure to raise a few eyebrows and certainly maintain the parade’s reputation as a tongue-in-cheek affair.
Judge Approves Partial Settlement In Coconut Grove Property Dispute
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.
Miami-Dade County’s Vacancies Rise In Luxury Residential Rentals
In what’s referred to as four- and five-star properties, which are more high-end luxury, there has been a bit of a slowdown in absorption in Miami-Dade County. The one and two stars, and even three stars, which are more entry-level rentals, however, remain a very tight inventory.