The Real Deal Miami

A look inside the penthouse at Grove at Grand Bay: $28M

New renderings of the unit show its master suite, terrace, rooftop pool, garden and kitchen

February 03, 2016 02:15PM
By Katherine Kallergis

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The only remaining unit, a penthouse at the Bjarke Ingels-designed Grove at Grand Bay, has hit the market for $28 million.

When completed this summer, the twisting towers will be the first luxury condominium designed by the starchitect in the United States. Terra Group president and owner David Martin had plans to live in the 15,000-square-foot unit, but he decided to sell it instead, a spokesperson told The Real Deal.

The penthouse features 10,118 square feet of interior living space, five bedrooms, eight full bathrooms, two half-baths, two staff rooms, a gym, spa and media room. It also has a 2,500-square-foot outdoor terrace, in addition to a 2,000-square-foot private rooftop with a pool and garden. The unit comes with access to a private four-car garage, according to a Terra spokesperson.

Philip Freedman of Cervera Real Estate is listing the penthouse, which is on the market for $2,767 per square foot based on interior square footage. Freedman told TRD the unit is the only full-floor penthouse available in Coconut Grove. “View-wise, privacy-wise and space-wise it’s one of the finest residences in South Florida,” he said.

Freedman said Martin and his wife decided they wanted to live in a house. Property records show that the Martins paid $14 million for a Brickell mansion in March 2015.

Because of its architectural significance, Freedman said Grove at Grand Bay has attracted buyers from 17 countries, including Thailand, Belgium, the United Kingdom, Brazil, Argentina and South Africa. Local buyers purchased more than half of the development’s 98 units. Freedman, who has led sales of Grove at Grand Bay since it launched in April 2014, said prices ranged from $1 million to $14 million, excluding the penthouse.

Amenities include access to an art gallery, pet spa, dining room, library, full-time concierge, butler service and private chef. Grove at Grand Bay also features a 25-meter lap pool, a lounging pool and a Jacuzzi. Along with the Related Group, Terra is also developing Park Grove, a three-tower project nearby.

In New York, Ingels is designing VIA 57 West, a rental project shaped like a tetrahedron.

 

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