Park Grove, the newest addition to Coconut Grove real estate, is turning
out to be just as popular some of the condos in Edgewater and Brickell with
over 80 percent of the properties in the building sold. With ground-breaking taking place very soon,
the completion of the first tower is expected to be sometime during the first
part of 2017. A couple of well-known
area celebrities who have purchased property at Park Grove include healthcare
CEO, Mike Fernandez and Brazilian race car driver, Emerson Fittipaldi.
Park Grove Overview
Plans show that Park Grove consists of three towers housing
298 residences. The condominium, situated right on Biscayne Bay, has been
pegged as an alternative to the Grove at Grand Bay which has sold out.
The site for Park Grove sits on 5.2 acres of bay front
property at 2701 Bayshore Drive. The location is ideal as it is in the heart of
Coconut Grove across from Dinner Key Marina and within a short walk to shopping
and restaurants. Along with Dinner Key Marina, Coconut Grove is known for its
exclusivity and some of the most beautiful tourist sites including Vizcaya
Museum and Gardens and Barnacle State Park.
Situated next door to the under construction Grove at Grand
Bay, Park Grove must be able to stand on its own in terms of architecture and
it does. The architectural design of Park
Grove’s Towers One and Two resemble the shape of a peanut – albeit a glass
peanut, but still a peanut (aerial renderings). This design of the buildings
allows for extended balconies with each residence. Tower Three (referred to as the
core tower) is more cylindrically-shaped and like the others has a glass
exterior.
Park
Grove Amenities
When we say
that no stone is being left un-turned, we mean that no stone is being left un-turned. The promotional brochures show that some of
the Park Grove amenities include an extensive and amazing art collection (Jorge
Perez is involved so of course art is a major part), 24-hour concierge, valet
and butler service, wine cellars for residents, kids indoor and outdoor play
areas, rooftop pools with private cabanas, a state-of-the-art fitness center
with area dedicated to yoga, integrated media system and library, game room,
business center with meeting rooms, and more.
On top of this, the building is LEED-certified to ensure steps are taken
to protect the environment.
The details of each residence include
10-12 foot ceilings, walls of windows; luxury fixtures and finishes; Sub Zero
and Wolf appliances; Italian cabinetry with glass doors and stone countertops
in the kitchen; walls of windows, spacious bedrooms and over-sized balconies
with unbelievable water and city views; and so much more.
Tower Two at Park Grove features high ceilings
and 20-foot balconies along with all of the amenities mentioned above. The composition of residences includes one,
two, three and four-bedroom units in addition to penthouses. Tower Two is the superior tower of the
compound with 12-foot ceilings in most residences and private pools with the
penthouses.
In Tower Three, the plans show eight
floor plans with a mix of one, two and three bedroom units each with ceilings
reaching 10 feet. Even though Tower
Three houses the most affordable residences, it is still full of all the bells
and whistles.
Real
Estate at Park Grove
Construction is set to begin soon for Tower Two which is 80
percent sold out. The square footage for
these properties ranges from just over 2,200 square feet to over 3,500 square
feet (four-bedroom/five and a half bath) with list prices falling between about
$2.5 million and $5 million.
The payment schedule for property at Park Grove is as
follows:
- 10% due at reservation
- 10% due at contract
- 10% due at ground breaking
- 10% due at residence floor
- 50% due at closing
Park
Grove – Everything and More
With the Grove at Grand Bay’s unique architectural design
and insurmountable luxury, it is imperative that Park Grove hold its own – especially
in Coconut Grove. And from what we see,
it definitely does just that. This is
the perfect place to land if you want to live in “the Grove” and expect a
certain level of luxury. Park Grove has
everything and more.
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