Coconut Grove is seeing boom times. How long will it last?
Oscar Rodriguez, principal of ROVR Development to get his insights on this market. ROVR is developing only new waterfront project rising in Coconut Grove—The Fairchild Coconut Grove.
GlobeSt.com: What are some of the main factors driving the recent boom in Coconut Grove?
Rodriguez: Coconut Grove has it all, from lushly landscaped quiet neighborhoods and architectural charm to a dynamic cultural, dining and entertainment destination and an active beautiful waterfront on Miami’s Biscayne Bay. All of this is within close proximity to Miami’s business and financial core, making Coconut Grove an ideal place to call home.
The community has so much to offer: beautiful parks, close proximity to the best schools including Gulliver Academy, Ransom Everglades School, Carrollton School of the Sacred Heart and The University of Miami, green canopied neighborhoods and amenity driven shopping and dining centers such as The Mayfair and Cocowalk. Coconut Grove is central to everything and has a hip vibe that can’t be replicated.
GlobeSt.com: What is your forecast for the market in Coconut Grove for 2018?
Rodriguez: Coconut Grove has always had a unique heart and soul that will continue to be the source of its popularity and success. The area has attracted high profile residents and has developed exponentially in the past few years. Local and international demand for this one of a kind community will continue to propel Coconut Grove as one of the strongest markets in South Florida.
As more and more people are drawn to the area and discover its untapped potential, it will continue to grow and progress. But I believe it will always hold on to that unique vibe that makes it special and preserve that neighborhood feel.