New & Noteworthy

September 29, 2017   |   Development Magazine | NAIOP

By: Julie D. Stern, managing editor, Development

Fall 2017

READ ON: www.naiop.org 

78,000 sq/ft

Terra, in partnership with Mayfair Real Estate Advisors, is transforming a 1980s-era parking garage in central Coconut Grove, Florida, into a mixed-use building. The redeveloped structure, which will include 78,000 square feet of office space on three floors and 18,000 square feet of street-level retail frontage while retaining the existing public garage, will mark the first delivery of new Class A office space in the neighborhood in more than 20 years. Known as Mary Street, the project will also feature electric car-charging stations and bicycle storage. Construction began in August 2017 and is expected to be completed in late 2018.