Coconut Grove Grapevine: The Stack of Bar Napkins Buildings

News you can use. - Sunlight is the best disinfectant

To link to a story,
click on the time
under it and a
"permalink" opens.

Tuesday, March 03, 2015

The Stack of Bar Napkins Buildings - part 2

I found some interesting things as I was researching the Grove at Grand Bay Stack of Bar Napkins buildings . (Part one of this story is here).

The Related Group and Terra Group, bought the air rights to build high in the Grove from Avra Jain, who owns the Vagabond hotel in the Mimo district. She was able to sell air rights because in her district, there is a new 35-foot high cap, due to Miami 21, which Commissioner Marc Sarnoff fought for. He insisted that 35 feet be the cap, as for the Grove, wish we could have that cap, too. While the Terra Group is building the winding glass condos (The Stack of Bar Napkins Buildings), the two developers are building the Park Grove towers at the former Coconut Grove Bank building.

So 440,000 square feet of the Vagabond's development rights were sold to Related and Terre Group and they are using that to build higher here. They literally were able to enlarge the size of their condos. I am assuming this is about the Coconut Grove Bank properties since that is where the two developers are partners.

Rumor is that Terra Group is now interested in the Oak Street Garage. Whose air rights will be used now to build up there?

It seems the the Downtown Condo Market is cooling down. We can only hope all of Miami's condo market takes a breather.

YOU MAY NOT LIFT THE PHOTOS & TEXT. IT'S COPYRIGHTED INTELLECTUAL PROPERTY. YOU CAN HOWEVER SHARE A STORY ON SOCIAL MEDIA BY USING THE LINKS HERE.
For linking to this one story, just click on the time it was posted & just this story will open for sharing - only through social media. Not copying and pasting.

6 Comments:

Anonymous said...: The "see no evil, hear no evil, speak no evil" sculptures on the Coconut Grove Bank lot are a little offensive.; March 03, 2015 3:30 PM
Anonymous said...: @3:30
What would you have placed there instead so as to not offend your puritan sensibilities?; March 03, 2015 5:00 PM
Anonymous said...: I think the twist is novel and adds a certain flair to our Grove; neat, different and awe inspiring.

Jobie Steppe; March 03, 2015 7:29 PM
Anonymous said...: 5:00 PM Don't get me wrong the statue is nicely designed and well executed, only there is a trace of cynicism in the message considering what sits across the street. The Twisted Towers are nice too, very nice, speaks volumes about us, I would live in there.; March 03, 2015 10:10 PM
Anonymous said...: Transfer of Development Rights (TDR) Program

TDR programs seek to preserve landowners' asset value by moving the right to build a house from a location where development is prohibited (e.g., for height or environmental reasons) to a location where development is encouraged.

TDR’s reminds me of Carbon Credits. Carbon Credits don’t help stop pollution, they just relocate it. A community should have enough respect for its historical buildings to save them without the use of TDR’s that help developers damage other neighborhoods.; March 04, 2015 4:20 AM
Anonymous said...: Miami-21 was supposed to improve and protect our zoning. I still see the bending over backwards of our commissioners to accommodate developers with more spot-zoning to build taller and denser. Our infrastructure can’t handle more people, traffic, water, sewer or electricity. I would like to live in a community that actually respects its zoning, respects historic buildings and does not build to exceed its infrastructure.; March 04, 2015 3:21 PM

Post a Comment

<< Home

Tom Falco, Editor/Publisher

© All content in the Coconut Grove Grapevine is copyrighted by law. This means text, photos, ads and all images. NO CONTENT may be picked up and used in full or part in full or altered. This especially is true of photos and graphics. No photo or image may be picked up, morphed and reused. If content is used on-line, ONLY an actual clickable link must go back to the source on the Grapevine and the images and text may not be copied and used in any way, shape or form. We will prosecute to the fullest extent of the law for any violations. NOTE: the Copyright Law required a copyright notice to protect works until 1977. In 1978, however, the law changed and abolished the requirement for copyright notice. This means that every published work (be it on paper or digital media) automatically gets copyright protection, whether expressed with a notice or not.

The Coconut Grove Grapevine is protected under the section 230 of the Communications Decency Act, this protects us from what others say in the comments section and it also gives us legal reason to sue those who cyber stalk and harass us on a continual basis.

Older Posts | newer Posts