Coconut Grove is getting its first office building since 1989 at 2850 Oak Avenue, which is currently used as a parking garage.
The parking garage was purchased by Terra Group for $16 million at the beginning of 2016. They plan on converting the parking garage into a 75,000 square feet of office space and ground level retail, according to The Miami Herald. The building will be designed by Touzet Studio and is expected to be completed by mid 2018.
Across the street from the building is the under construction condominium Park Grove.