What to Know
- The evolution of CocoWalk means more offices and retailers – but attracting wealthy residents is also part of the vision.
CocoWalk, known as the heart of Coconut Grove before being demolished three months ago, is remembered by some as a college student stomping ground in the 2000’s and even before that for gaining notoriety as a walkable night time attraction in Miami - setting the tone for future neighborhoods including Wynwood and the design district that would eventually leave the Grove in its shadow.
But now, there’s a group working to get the heart of the grove beating again - with a different approach. The evolution of CocoWalk means more offices and retailers – but attracting wealthy residents is also part of the vision.
Jorge Perez’s Related Group is zoning in with three luxury residential towers called Park Grove outfitted with amenities including a spa.
“It’s the uniqueness of the architecture and the project,” said Related Group President Carlos Rosso. “If you look at the outside all the terraces and the columns, it has things that no other place in Miami has.
Rosso says a 7,600 penthouse in one of the buildings will cost between $15 and $20 million.
David Martin, the co-developer of Park Grove and the President of Terra Group, was born and raised in the Grove and believes attracting these residents will activate the local economy. The goal for the completion of CocoWalk is late 2019 or early 2020.