{"id":214913,"date":"2014-08-20T13:50:25","date_gmt":"2014-08-20T17:50:25","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=214913"},"modified":"2014-08-24T15:52:15","modified_gmt":"2014-08-24T19:52:15","slug":"related-group-terra-group-present-park-grove","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/related-group-terra-group-present-park-grove\/","title":{"rendered":"The Related Group and Terra Group Present ‘Park Grove,’ a One-of-a-Kind Residential by the Bay"},"content":{"rendered":"

Two of Miami’s most prominent real estate firms\u2014Terra Group<\/strong> and The Related Group<\/strong>\u2014have teamed up to create a one-of-a-kind residential\u00a0along Coconut Grove’s spectacular bayfront: Park Grove<\/strong>.<\/p>\n

\"Park<\/a><\/p>\n

Located directly across from Biscayne Bay,\u00a0the development\u2014which will house 298 units within three residential towers\u2014will stand at a\u00a0site that has long been that of Coconut Grove Bank’s headquarters, a 5.2 acre property purchased by the duo for $55 million.\u00a0The project will unfold in three phases, with the current Coconut Grove Bank remaining open during the first phase of construction.<\/p>\n

\u201cAlways a haven for artists, writers and other creative souls, the Grove retains a character found nowhere else. More relaxed than Brickell, more family-oriented than Miami Beach, the charms of this dynamic community are undergoing a renaissance,\u201d said Jorge P\u00e9rez<\/strong>, founder of The Related Group. “[Park Grove]\u00a0will offer a lifestyle that\u2019s perfect for people who appreciate the tropical urban setting.”<\/p>\n

\"Park<\/a><\/p>\n

\u201cMiami continues to blossom into one of the greatest global cities of our time,\u201d said David Martin<\/strong>, president and co-founder of Terra Group. \u201cOur vision for Coconut Grove is to preserve its history and natural landscapes while introducing the caliber of design talent the rest of Miami has been experiencing for years.\u201d<\/p>\n

In order to ensure that the masterpiece’s overall concept reflects\u00a0the neighborhood’s organic beauty and relaxed sophistication, the partners charged four distinguished architects to partake in a riveting contest. Ultimately, Rem Koolhaas<\/strong> took home the gold, beating out competitors Jean Nouvel<\/strong>, Christian de Portzamparc<\/strong>, and Diller Scofidio & Renfro<\/strong>.\u00a0The project will showcase 2,500- to 3,500-square-foot\u00a0residences, whose will be styled by interior designer William Sofield<\/strong>.<\/p>\n

\"Park<\/a><\/p>\n

\"Park<\/a><\/p>\n

\"Park<\/p>\n

\"Park<\/a><\/p>\n

The plans\u00a0also\u00a0showcase a\u00a0two-acre sculpture park designed by Enea Landscape Architecture<\/strong>, a three-story bank and fitness center,\u00a0four two-story smaller structures meant to house a\u00a0plethora of recreational amenities, and a two-story office building. 730 parking spaces will also be made available.<\/p>\n

\"Park<\/a><\/p>\n

\"Park<\/a><\/p>\n

The grand development\u00a0is expected to fully take shape by the end of\u00a02016.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two of Miami’s most prominent real estate firms have teamed up to create a unique development along Coconut Grove’s spectacular bayfront: Park Grove.<\/p>\n","protected":false},"author":51,"featured_media":214931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1582,1749,1],"tags":[5308,265,167,4913,3849],"class_list":["post-214913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-developments","category-hlrn","category-news","tag-biscayne-bay","tag-florida","tag-miami","tag-related-group","tag-terra-group","market-coconut-grove","market-florida","market-key-biscayne-fl","market-miami-fl","style-modern-2","speciality-luxury-real-estate-2","speciality-luxury-residential","speciality-new-construction","speciality-residences-2"],"acf":[],"yoast_head":"\nThe Related Group and Terra Group Present 'Park Grove'<\/title>\n<meta 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