Grove at Grand Bay

TBT - Cocowalk In Coconut Grove Sold For $87.5M

Cocowalk in 2011

TBT (May 5, 2015) - 4 years ago Cocowalk was sold for $87.5 million. The Duffy’s Sports Grill was eventually abandoned and gutted, along with the Hooters Restaurant on the 3rd floor.

The Eastern portion and main rotunda at Cocowalk was completed demolished September 2018 and construction is now underway for the 5 story office One Cocowalk.

The outdoor shopping mall in Coconut Grove called Cocowalk has sold for $87.5 million, according to the Miami Herald

Federal Realty Investment Trust purchased the mall from PMAT Real Estate Investments who bought it for $87 million in 2006.

The mall opened in 1990 across from the Mayfair hotel and was a popular attraction when first opened. In recent years, tenants have left leaving as much as 20% of the space vacant. 

However, Coconut Grove is seeing a resurgence in the area with the addition of Grove at Grand Bay,  Regatta Park, and tenants such as the Clyde Butcher Gallery Coconut Grove, Harry's Pizzeria and Panther Coffee in the Engle Building.

TBT - Grove At Grand Bay Close To Being Topped Out

Grove at Grand Bay In Coconut Grove

Grove at Grand Bay In Coconut Grove

TBT (February 26, 2015) - Four years ago the under construction Grove at Grand Bay was about to top off at 20 stories in Coconut Grove. The two twisting buildings designed by Bjarke Ingels would eventually officially top off in June 2015. The buildings were completed in August 2016. Construction progress photos of the Grove at Grand Bay can be viewed here.

The Grove at Grand Bay is an architectural marvel located in Coconut Grove, Miami. When you drive into Coconut Grove the two twisting towers immediately catch your eye and are gorgeous to look at. At night is when the towers really come to life and the twisting columns are more pronounced and prominent. 

The two twenty story towers were designed by architect Bjarke Ingels and developed by Terra Group. Both the towers are a floor away from being topped out to their maximum height. 

Previous photos of construction can be seen here.

Grove at Grand Bay Receives TCO (Photos)

Grove at Grand Bay Receives TCO (Photos)

Grove at Grand Bay has received its temporary certificate of occupancy and closings will begin this week, according to The Real Deal.  

The two twisting towers designed by architect Bjarke Ingels, is located at 2675 and 2669 South Bayshore Drive. The towers have 98 units and both towers are 20 stories. Interior build outs will be completed in three months and move ins ready in four to six months.

Grove at Grand Bay was once home to the iconic five star Grand Bay Hotel that become abandoned for many years before the property was purchased by Terra Group for $24 million in 2011. 

Construction on the Grove at Grand Bay began in June 2013 and topped off in June 2015. While the two towers were under being built, they lit up the Coconut Grove skyline from the construction lights at night

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Grove at Grand Bay Photos

Grove at Grand Bay Photos

Grove at Grand Bay in Coconut Grove is getting closer to completion. 

The two twisting towers are developed by Terra Group and were designed by architect Bjarke Ingels. 

Construction is expected to be completed by Summer 2016.

Previous construction photos can be viewed here.

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