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Metronomic Reveals $74 Million Mixed-Use Transformation of Grand Avenue in West Coconut Grove

Metronomic Reveals $74 Million Mixed-Use Transformation of Grand Avenue in West Coconut Grove

November 27, 2018

West Coconut Grove, one of the hottest neighborhoods for development in Miami that has seen a massive transformation over the past 3 years, will be getting a massive new mixed-use project on the Grand Avenue corridor. Metronomic is under contract to purchase a 12 property assemblage at 3280-3461 Grand Avenue for $25 million with a closing date set in mid-February 2019. Metronomic, led by Ricky Trinidad, has proposed a $74 million, 297,000 SF mixed-use development that would feature luxury apartments, affordable housing, retail, office space, community parks, public parking and a 44-key hotel. Trinidad hopes receive FAA approval to build a rooftop helipad. The project is designed by Pablo Burgos of Burgos Lanza & Associates and Carl Levin of CLAD Architects.

The project would be built in multiple phases with the first being Metronomic Place, which will feature a boutique office building and the hotel component at 3280 Grand Avenue. Metronomic expects to break ground on Metronomic Place before the end of 2018 after locking down a $6.8 million construction loan financed by Fuse Funding. Metronomic Place will rise 5-stories and will feature the 44-key hotel, 5,000 SF of Class A Office Space, 3,200 SF of ground floor retail. Phase 2 would begin in March after the closing and would include the build-out of the rest of the project to be completed within 2 years. Phase 2 will include 38 furnished micro units, 82 luxury apartments rentals and 40 affordable housing units along with a public area for farmers markets and stage for live performances.

In Coconut Grove, Commercial, Hotels, Mixed Use, News, New Construction, Office Space, Finance & Banking Tags Coconut Grove, West Coconut Grove, News, Metronomic Inc., Metronomic, Metronomic Place, Commercial, Mixed Use, Hotels, Hotel, Office Space, Class A Office Space, 3280 Grand Avenue, 3461 Grand Avenue, Fuse Funding, Construction Loan, Financing, Finance, Finance & Banking, Carl Levin, CLAD, Pablo Burgos, Burgos Lanza & Associates, Grand Avenue, New Construction, Featured
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