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The Grove Finds Momentum in CRE Cycle

MIAMI—Some say Coconut Grove is following Coral Gables' momentum. Find out what's going on there.

By Jennifer LeClaire | Updated on June 26, 2015

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.

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