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Park Grove
Coconut Grove Bank
The Coconut Grove Bank is getting closer to completion and should be ready to open soon.
Once the new bank is open, the original six story Coconut Grove Bank, built in 1959, will be demolished to make way for One Park Grove. One Park Grove is expected to begin construction this Summer.
Two Park Grove and the Club Residences are only a few floors away from topping off.
Photos of the Coconut Grove Bank under construction in August 2016 can be viewed here.
Park Grove in Coconut Grove
Construction is going quickly at Park Grove as The Club Residences and Two Park Grove continue to rise. Both towers are at the 12th floor and will top out at 20 stories. Previously, when we last looked in October 2015, both towers were at the 5th floor.
Park Grove, designed by Rem Koolhaas of OMA, are starting to have the windows installed on the lower portion of the towers. The amenities deck atop of the new Coconut Grove Bank is taking shape and will feature 4 pools.
Previous construction photos of Park Grove can be viewed here.
When we last looked at Park Grove in July, construction was just starting to go vertical on the project located in Coconut Grove.
The Club Residences, located on the North end of the property has reached the 6th floor. Two Park Grove, the middle tower has also reached the 6th floor which will top out at 20 stories.
Construction is also progressing on the new Coconut Grove Bank and is scheduled to open first quarter 2017. As soon as the new Coconut Grove Bank is completed, the current Coconut Grove Bank on the property will be demolished and construction will begin on One Park Grove. On top of the new Coconut Grove Bank, construction has already started on the amenities deck of Park Grove which will feature 4 pools, private cabanas and a signature restaurant by Michael Schwartz.
Read MoreThe New Coconut Grove Bank
Construction on the new Coconut Grove Bank is making progress. The new bank building is expected to open by the first quarter of 2017.
The current six story Coconut Grove Bank on the Park Grove site was built in 1959 and is expected to be torn down as soon as the new bank is completed.
While the new Coconut Grove Bank is being completed, construction on Two Park Grove is continuing and is in the process of going vertical. Park Grove is being developed by Terra Group and Related Group. Rem Koolhaas of OMA is the architect on the project.
Construction on Park Grove
After starting construction a year ago, Two Park Grove is starting to go vertical in Coconut Grove.
In May of this year, the foundation pour took place where 860 tons of steel and 2,600 cubic yards of concrete was poured at Two Park Grove. The foundation pour will support the tower columns of Two Park Grove.
Park Grove is being developed by Terra Group and The Related Group. The project was designed by OMA and is their first residential project in the United States. OMA sourced inspiration from Florida’s barrier islands ideally stacked one on top to resemble the vertical shape of Coconut Palm Trees to create this striking façade. The project’s exterior allows daylight into the units while benefitting from Coconut Grove’s lush greenery and cool breezes from Biscayne Bay.
Park Grove Construction
The luxury condominium Park Grove is starting to go vertical in Coconut Grove.
Park Grove will have three residential towers, One Park Grove, Two Park Grove and Club Residences. One Park Grove will be a 20 story tower with 64 residential units. Prices for One Park Grove start at $4 million to $8 million and is 30% sold after two months of sales.
Local chef Michael Schwartz of Michael's Genuine Food & Drink and Harry's Pizzeria will open a 3,500 square foot restaurant at Park Grove that will be designed by Meyer Davis Studio.
Park Grove is being developed by Terra Group and Related Group. The architect is OMA and Rem Koolhaas.
Previous construction photos can be viewed here.
Will Meyer, David Martin, Michael Schwartz & Carlos Rosso
On January 28th, Terra Group and The Related Group held an event at the Park Grove sales gallery discussing their plans and concepts for One Park Grove.
The event was curated by Terra Group President David Martin, with Chef Michael Schwartz speaking about the signature restaurant at One Park Grove and Will Meyer of Meyer Davis talking about the concepts and designs of the building. The Related Group's Carlos Rosso was also on hand and spoke about the resurgence of Coconut Grove.
Park Grove is located at 2701 South Bayshore Drive in Coconut Grove and will feature three towers. The third tower, One Park Grove, will be 20 stories with 54 residential units ranging from three to five bedrooms. Pricing for the units start at $2 million.
Recent construction photos can be viewed here.
