South Florida CRE companies embark on the Grove’s newest transit-oriented development

December 6, 2018   |   South Florida Business Journal

Juneau Construction Company

Miami’s approach to a sustainable future includes transit-oriented mixed-use developments along main travel arteries, away from flood-prone areas, yet close to shopping, dining, and entertainment. Grove Central, a modern mixed-used project being built by Juneau Construction Company for developers Grass River Property and Terra Group, checks all those boxes.

“Terra is focused on advancing a sustainable and resilient development model that combines residential density, a balanced mix of commercial uses, and access to multi-modal transit options,” said Terra president David Martin. “By prioritizing responsible design in well-located areas, projects like these will adapt to the long-term impacts of climate change and promote urban development in high-elevation areas.”

“Grove Central will bring this vision to life along one of Miami’s most important transit corridors, creating an everyday amenity for nearby residents and filling a void in our housing market,” said Martin.

Juneau Construction Co. is working on an offsite water main for the residential and retail components that will be added in tandem with a privately-funded upgrade of the existing Coconut Grove Metrorail station.

“We are thrilled to be working on our third project with Grass River in the Coconut Grove area, and excited to have an opportunity to also work with Grove-based Terra Group,” says Russ Beck, operations manager for Juneau Construction Company.

When completed, the 883,000-square-foot mixed-use development will include a 23-story tower with 180,000 square feet of office, 40,000 square feet of retail, and 850 parking spaces. In Grove Central’s residential component, 270 market rate apartments will be joined by 48 co-living units with 200 beds. Co-living floorplans typically have multiple bedrooms and baths, integrated modern technology, and shared common areas. This living arrangement is increasingly popular nationwide because it offers affordable rents to technology-savvy renters who seek a social lifestyle in brand-new complexes like this one.

“Co-living is a good fit for this location,” says Beck. “Grove Central is only a few minutes from downtown by Metrorail and 10 minutes by car. I could see University of Miami students wanting to live in this type of space and commuting to campus on the Metrorail next door. And it’s convenient to Coconut Grove’s cultural, dining, and entertainment options.”

The train station’s escalators, elevators, restrooms, and flooring will be replaced, and upgrades to the security entrance, bus terminal, and drop-off lanes are part of the improvement plans for the multimodal transit hub.

“During construction, offsite parking for Metrorail users will either be built or leased very nearby, and we’ll install overhead protection for the public so access to the station is never interrupted.” The entire project is expected to be completed in late 2021.

Globally-recognized Touzet Studio, based in Miami, designed the mixed-use project whose retail components will be a boon to passengers moving through the Greater Miami by rail or bus.  In addition to offering businesses an opportunity to reach a high-volume market of riders from Pinecrest to Downtown Miami and even to Miami International Airport, Grove Central’s retail components will supply practical services and amenities to residents and office users at the new complex.

In 2014, Juneau Construction Co. worked with Grass River on Grove Station Tower, the 186-unit mixed-use residential tower on SW 27th Avenue just north of the Coconut Grove Metrorail station. That project is at near-full capacity. Juneau is currently at work on Grass River’s renovation and redevelopment of CocoWalk, the 28-year-old retail and entertainment center in Coconut Grove’s business district. Federal Realty Investment Trust and the Comras Company are also partners in the project, which includes a new Class A office building.