It has been almost a year since the developers of this site next to the Kampong won their battle with the City to build a gated community of 11 single family homes to be called Grove Estates. As of today there has been no construction on the property and no official word as to what exactly the future holds. The current owners paid $7,000,000 for the land back in 2005 and the value has surely dropped over the past year. With an assessed value of $6,500,000 their taxes are running about $130,000 a year.
This is good news for the environmentalists and the Grove-ites who opposed the project. There was concern that the development would interfere with the quiet use and enjoyment of The Kampong located next door to the site.
For more information on Grove Estates, read this article in the Miami Herald.
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