Closings Have Begun For Buyers Of Grove At Grand Bay!

Grove at Grand Bay, Coconut Grove

It seems like just yesterday that Terra Group announced plans for 2 new luxury condo buildings in Coconut Grove called Grove at Grand Bay. The 98 unit, 20 story high “twisting towers” are designed by world renowned architect Bjarke Ingels.  I have been blogging about this project since the very first day it was launched back in March 2012. The twisting towers began construction in June of 2013 and topped off in June of 2015. The buildings have been sold out with the exception of David Martin’s (President and Co-Founder of Terra Group) penthouse which is asking $28 million.  I am happy to report that Grove at Grand Bay has received their temporary certificate of occupancy (TCO) which means that they can begin closings for their buyers.

To give you some background on some of the clientele who have purchased there, The Real Deal has reported: “[David] Martin said that about half of buyers are domestic, including empty-nesters looking to leave their homes in the Grove, Coral Gables and Pinecrest. The remaining 50 percent are international buyers relocating to South Florida.”

Closing prices will range from $1,000,000 to $14,000,000 and units range in size from 1,300 to 10,000 square feet.

Last week I had the opportunity to do a walk-thru with one of my clients prior to their closing. The views were spectacular and the finishes were very well done. The luxury amenities will include rooftop pools, spa, gym, pet spa, bicycle space for every unit, butler service, 24 hour concierge and a private dining room. The development is poised to become the first all-residential tower to have a LEED Gold status in Florida. After touring it firsthand, the project certainly lives up to its high expectations.

I have assisted 2 buyers with their condo purchases at Grove at Grand Bay and look forward to many more sales in the future.

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Riley Smith has been the #1 Top Producing Coconut Grove Realtor for over 7 years and knows the market inside and out.  If you would like to buy or sell real estate in Coconut Grove, please contact us at 305-342-1623 or send us a message here.
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