Out With The Old, In With The Green

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Out With The Old, In With The Green

September 19th, 2008 categories: Coconut Grove Real Estate

Coconut Grove is on the brink of a major facelift. Pointe Group Advisors has started the ball rolling with their Grove Village project which will transform the old shuttered up buildings on Grand Avenue to a vibrant street complete with apartments, houses, shops, restaurants and a new grocery store. With Bahamian themed architecture, more green space, more jobs created, and a grocery store within walking distance to many Grove neighborhoods, the project is sure to be a hit with Coconut Grove residents.

As if this weren’t already a “Grand” task to undertake, Pointe Group has taken steps to receive LEED certification and accreditation on each and every building. From non-toxic paints and renewable flooring, to energy efficient lighting and cooling – these buildings will help to reduce the strain placed on our environment and provide better conditions for those who live and work inside the buildings.

On the real estate front, there is planned to be 15 single family homes built on Florida Avenue and 21 townhomes on Thomas Avenue. Over time, the Grove Village project is sure to boost home values in the West Grove which never quite saw the increase in values that other areas of Coconut Grove have.

Check back soon for a comprehensive post regarding home prices in the West Grove, and what effect the Grove Village project will have on the real estate market there.

Other posts you might be interested in: Groundbreaking Project in Coconut Grove – Florida’s first luxury GREEN home, Falling Softly, Softly Falling

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This entry was posted on Friday, September 19th, 2008 at 11:19 am and is filed under Coconut Grove Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Karen McCrea said at November 12th, 2008 at 12:43 pm
Dear Riley,
Karen McCrea here…I hope u are right about Pointe Group’s redevelopment improving real estate in the West Grove!!! With the downturn, I got stuck with my cute modern little Bahamian shotgun house on Carter Street. Still have it rented for now.

I wanted to come to your last gathering at Green Streets, but I was in Costa Rica. Will try to make it next time.

Will you please email me and let me know you received this email? Thanks
Karen