The as-yet-named project replacing a small retail strip on Grand Avenue will include Class A office space, a rooftop restaurant and condos costing up to $8 million.
The 1.7-acre multi-use project slated for Grand Avenue in Center Grove will include a five-story office building comprising 100,000 square feet of office space, 40,000 square feet of retail space, a rooftop restaurant, and 20 “ultra-luxury residences” ranging in price from $2.5 million to $8 million.
The details, announced earlier this week by officials from Coral Gables-based Allen Morris Company, a partner in the deal, did not include a name for the proposed project.
The five-story office tower will run along Grand Avenue from Matilda Street to the U.S. Post Office parking lot. Behind it, a three-story structure along Florida Avenue will replace a row of single family homes.
Once complete, the Allen Morris Company will relocate its corporate headquarters to the office building, occupying approximately 15,000 square feet of space.
Other development partners include Joseph Harrison III, a Coconut Grove commercial property owner, and the Espinosa family, long-time owners and operators of Coconut Grove Laundry & Cleaners, which will relocate to an undisclosed Grove location. The family also will operate a smaller outlet in the new development, Allen Morris company officials say.
A construction schedule has not been announced.
