Perez , along with David Martin of Terra Group, jointly developed Park Grove which recently paid off a $112 million construction loan on their last tower. Park Grove is a 5 acre development in the heart of Coconut Grove and consists of a total of 271 residences spread across 3 buildings. Designed by award winning architect OMA – Rem Koolhaas, Park Grove offers residents an incredible lifestyle. Amenities include a 2 acre park designed by Enzo Enea, an outdoor amphitheater, wine tasting room, fitness center, indoor and outdoor lounges, a restaurant by nationally acclaimed chef Michael Schwartz, luxurious pool with private cabanas, library, private game room for adults, children’s play rooms and much more.
The Related Group has made other recent headlines in Coconut Grove with its new Class A office building that has gone up directly behind Park Grove at 2850 Tigertail Avenue. Related will be relocating their headquarters from Brickell to the Grove, and will take the top two floors of this 105,000 square foot building.
There have been two other closed sales so far in 2021 at Park Grove:
Some past notable transactions at Park Grove include billionaire Mike Fernandez who purchased (and subsequently flipped) an upper penthouse at Two Park Grove for $8,000,000, Greenberg Traurig’s Senior Chairman Mathew Gorson purchased a penthouse at One Park Grove for $7,300,000, and pharmaceutical mogul Charles Steifel bought a penthouse at One Park Grove for $8,400,000.
You may also be interested in our recent article analyzing the 2020 Condo Sales In Coconut Grove.