Terra, Related to develop 298-unit tower in Coconut Grove

2701 Bayshore Drive
2701 Bayshore Drive

Terra Group and Related have announced plans for the current site of the Coconut Grove Bank at 2701 Bayshore Drive.

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The project, designed by Rem Koolhas’ Office for Metropolitan Architecture, is being called Park Grove and will feature 298 residential units. The 20-story main tower will be surrounded by four two-story amenity buildings, a three-story bank and fitness center, and a two-story office building. The project will also include 730 parking spaces, according to exMiami.

The project will unfold in three phases, with the Coconut Grove Bank remaining open during the first phase. [exMiami]Christopher Cameron