Miami — A joint venture between Terra and Grass River Property has broken ground on Grove Central in Miami’s Coconut Grove neighborhood. Located at the intersection of US-1 and SW 27th Ave., the mixed-use development will include a 23-story residential tower, 1,250-space public parking garage and approximately 170,000 square feet of retail anchored by Target.
The development will connect to and facilitate privately-funded improvements to the Coconut Grove Metrorail station and integrate directly with The Underline park, Miami-Dade’s bus system and the City of Miami’s trolley network. The project is being developed as part of a Miami-Dade County initiative aimed at improving connectivity between residential living, commercial development and mass transit through private development on county-owned land.
Terra and Grass River Property have entered into a 90-year ground lease with the county, enabling the partnership to build, manage and lease the property. The development — which was designed by Touzet Studio, RSP Architects and Local Office Landscape Architecture — is set for completion in 2023.