Developer plans mixed-use hotel for Coconut Grove lot next to GreenStreet Cafe

Metronomic, led by Ricky Trinidad, is paying $4.8M for the 7,200 sf site

TRD MIAMI /
May.May 17, 2018 02:30 PM

Rendering of Commodore Plaza, Ricky Trinidad and Miguel Pinto

UPDATED, Aug. 7, 10:45 a.m.: Metronomic Inc. is under contract to buy the parking lot next to the popular GreenStreet Cafe in Coconut Grove, where the developer is planning to build a mixed-use hotel.

Metronomic, led by Ricky Trinidad, will pay $4.8 million, or about $670 per square foot, for the nearly 7,200-square-foot lot at 3110 Commodore Plaza, broker Miguel Pinto said. The Coral Gables-based developer is expected to close on the site in early July.

Pinto and Jenny May of Apex Capital Realty are brokering the deal. Records show Commodore Plaza Parking L.C. is the seller.

Trinidad is planning to build Commodore Place on the property, a five-story, mixed-use project with Class A retail space, according to his company’s website. He could not immediately be reached for comment.

The Chicago developer launched sales last year for a group of single-family homes in the West Grove. He’s also working on developing student housing in Little Havana near Miami Dade College.

The hotel project is in the center of downtown Coconut Grove, near CocoWalk and a number of shops and restaurants. Federal Realty Investment Trust and its partners are renovating and redeveloping CocoWalk into a mixed-use center with an open plaza, new office building and a new retail mix.

An earlier version of this story incorrectly stated that the property would be an Aloft hotel. A spokesperson for the developer now says that Metronomic is not in talks with the Aloft brand. 


Related Articles

arrow_forward_ios
La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

Daily Digest Miami

Quiksilver signs a lease in Miami Beach, Delray Beach’s Atlantic Crossing announces first retail and office tenants: Daily digest

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

Jeffrey Soffer and the Diplomat Beach Resort (Credit: Getty Images)

Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report

Daily Digest Miami

54-story Turnberry Ocean Club tops off, Flagler streetscape project to break ground: Daily digest

Mike Fernandez and Park Grove (Credit: Wikipedia)

Miami billionaire Mike Fernandez flips PH in Coconut Grove

Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

Two South Beach hotels hit the market for $42M

arrow_forward_ios