MIAMI—Coconut Grove is seeing plenty of interest from commercial real estate developers. The latest to launch a multifamily project there is Paragon Group. The full-service commercial real estate development company is partnering with Oxford Universal Design and Build on Grove Place.
Grove Place is an 18-unit townhome community just north of US-1 and 27th Avenue. Essentially, it sits at the entrance of Coconut Grove.
Each urban townhome rises three stories from the largest contiguous piece of land in the area. The project, which is next to the Grove Station Metrorail stop, promises modern luxury living at a fraction of the cost of Downtown Miami residences.
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