A kitchen and dining area of a unit at Mr. C Residences Coconut Grove, a project that’s bound to become one of the neighborhood’s hottest addresses
It’s clear to anyone who follows real estate that Terra head David Martin is bullish on Coconut Grove. And his hunch seems dead-on after the success of Grove at Grand Bay and Park Grove. As the neighborhood continues to reinvigorate itself (thanks to the efforts of Martin and other business owners), the developer has partnered with Ignazio Cipriani and his hospitality brand Mr. C to bring about the latter’s first large-scale residential project, Mr. C Residences Coconut Grove. The tower, just across the street from Regatta Harbour, will rise 20 stories and house 121 residences that, as Cipriani puts it, “will offer a contemporary take on European living, offering old-world sophistication with modern comfort, and combining the maritime tradition of both our brand and Coconut Grove.” More specifically, that means one- to five-bedroom residences ranging from 650 to 3,645 square feet and priced from the low $600,000s to more than $5 million. Raymond Fort of Arquitectonica will lead the design for the building while Meyer David will curate the interiors with the aforementioned maritime themes front of mind. Sounds like smooth sailing to us. 2640 S. Bayshore Drive, Miami, 786.522.2420
Condos for second- or third-home buyers are still a rather popular option for residents who don’t live in Miami year-round. Savvy new developers are upping the ante on these kinds of properties with options that make it easy for folks to make a return on their investment by renting them when not in use. Here are three such dwellings that are on our radar.
Natiivo Miami Part of a new hospitality brand that debuted in 2019 with two properties (the other will be based in Austin), Natiivo Miami offers owners the ability to list their residence while not in use on any home-sharing platform. The building was co-developed by Newgard Development Group and Crescent Heights and designed by Arquitectonica with fully furnished interiors by Urban Root. In terms of inventory, Natiivo offers 412 units starting at $360,000—with a $1.2 million penthouse to boot. There are also 192 hotel rooms in the 51-story tower. On-site creature comforts include a resort pool, a Peloton studio and a yoga lounge. 14 NE First Ave., Miami, 888.628.4486,natiivomiami.com
Legacy Hotel & Residences Breaking ground this year, this mixed-use skyscraper will be the latest addition to the behemoth that is developer Dan Kodsi’s Miami Worldcenter. The neo-futuristic tower will house 278 branded residences above a 256-room hotel. Legacy’s so-called micro-LUXE residences (which can be rented by owners when not in use without annoying restrictions) range from 400 to 949 square feet with studios and two-bedroom units starting at $300,000. As for amenities? A Singapore-inspired pool, a first-of-its-kind medical center and the city’s first enclosed rooftop atrium—all just blocks from the retail riches of the Design District and the artsy vibe of Wynwood. 1010 NE Second Ave., Miami, 855.756.0123, legacymwc.com
YOTELPAD Miami Smart technology bells and whistles are par for the course at YOTELPAD, an Aria Development Group tower scheduled for completion in 2021. Among our favorite of those features are the two Techi robot butlers that will deliver beverages, gifts, documents and just about everything else to residents. The mixed-use development will include 231 residential units (labeled PADs) on floors 15 to 30 above 222 hotel units (thus the YOTEL part of the title). Floor plans range from 417-square-foot studios to 708-square-foot bedroom units with integrated living, kitchen and dining areas with prices from $279,000 to $499,000. Buyers have the option of securing the services of Resource Furniture, a design company that excels at providing space-saving systems with items that are modular and easy to move. 501 NE First Ave., Miami, 305.842.5000, yotelpadmiami.com
Photography by: Mr. C photo courtesy of Mr. C Residences Coconut Grove; all other photos courtesy of the properties