Le Labo is coming to Coconut Grove, with the celebrated perfume house set to open a new retail location at 3444 Main Highway.

Known for its hand-blended fragrances, minimalist aesthetic, and highly personalized approach to perfumery, Le Labo’s arrival adds another internationally recognized luxury brand to Coconut Grove’s evolving Main Highway retail corridor.

The new location will bring Le Labo’s signature laboratory-inspired retail experience to one of Miami’s oldest and most distinctive neighborhoods. Customers can expect the brand’s collection of unisex fragrances, candles, body care, and grooming products, with fragrances hand-blended and personalized in-store.

The opening comes as Main Highway continues to attract a growing mix of boutique retail, hospitality, dining, and lifestyle concepts. With its tree-lined streets, historic character, and walkable connection to the heart of the Grove, the corridor has increasingly become one of the neighborhood’s most sought-after destinations for experiential retail.

Founded in 2006 in New York’s Nolita neighborhood and with roots in Grasse, France, Le Labo has become one of the world’s best-known niche fragrance brands. The company is recognized for its emphasis on craftsmanship, raw ingredients, fresh blending, and personalization, an approach that has helped define the modern luxury fragrance market.

The Coconut Grove location further expands Le Labo’s presence in South Florida while introducing its distinctive retail concept to a neighborhood increasingly positioned at the intersection of luxury, culture, and lifestyle.

Le Labo was represented in the transaction by Alexandra Mesa and Jared Robins of INHOUSE COMMERCIAL, alongside Nick Cowan of Isaac’s and Company.

Le Labo at 3444 Main Highway is expected to open soon.

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“Coconut Grove has become Miami’s new center of gravity,” said Jaclyn Bild, co-founder of the top-producing J&S Group at Douglas Elliman. “The area offers a rare mix of privacy, authenticity, and world-class lifestyle that is almost impossible to find anywhere else in the world.”

As high-net-worth families continue migrating to South Florida, the Grove stands apart for its foundation of schools, parks, marinas, and walkable village character. Areas like CocoWalk, the Grove’s village-style retail and dining hub, has flourished in recent years with Michelin-star dining and incredible shopping, adding to the neighborhood’s appeal.

“Coconut Grove has become one of the hottest submarkets in South Florida,” says Sari Shapiro, co-founder of the J&S Group. “It is one of the rare neighborhoods where you can live, work and play in. The walkability and sense of community along with the top schools in Miami have made it one of the most desirable and competitive neighborhoods for condos, single-family homes and townhomes.”

The impact shows up in the market. Single-family homes and waterfront estates are trading at and above Miami Beach-level pricing, and long-held legacy homes are drawing aggressive bids from out-of-state buyers treating the neighborhood as both a lifestyle and long-term wealth play. The demographic shift is striking too. A steady influx of finance, tech, and entrepreneurial families who could live anywhere are choosing the Grove for its grounded luxury.

“These are people who are looking for substance and a real sense of place,” says Saddy Abaunza Delgado, founder of the Abaunza Group at ONE Sotheby’s International Realty and top producer in the Grove. “They want trees, they want community, they want their kids to ride a bike to school. It’s quiet luxury, and that’s exactly what resonates.”

While single-family homes have long anchored the area’s appeal, the development scene is also accelerating. Recently, roughly $734 million in new construction financing flowed into Coconut Grove for the Four Seasons Private Residences Coconut Grove and Terra’s The Well Coconut Grove, with prices hovering around $4,000-per square foot.

Projects like Ziggurat are redefining the area. Rooted in Coconut Grove’s natural beauty and creative spirit, Ziggurat brings together workspaces, curated retail, and private residences in a lush, biophilic setting shaped by architecture, art, and community. As its residences near a sell-out under ONE Sotheby’s International Realty, the project is transitioning its focus to boutique office and retail leasing to welcome the next wave of local brands and culinary concepts.

Projects like The Lincoln are meeting the growing demand for boutique, low-density living that captures the Grove’s intimate charm, also being sold exclusively by ONE Sotheby’s International Realty. This boutique project features a limited collection of 48 spacious, thoughtfully designed one-to-four-bedroom homes, each complete with a private in-suite den for versatile modern living.

OPUS Coconut Grove has broken ground and is on track for completion in early 2028, offering an ultra-exclusive boutique lifestyle with only 12-residence including two penthouses. Designed by renowned architect Kobi Karp, with interiors by acclaimed Brazilian designer João Armentano, the project blends a refined, urban-organic aesthetic with a distinctly villa-inspired sensibility.

“OPUS stands out as one of the most thoughtfully conceived boutique buildings in Miami,” says Angel Nicolas, founder of The Nicolas Group, who is leading sales for the project alongside Ale Alfonzo. “From the architectural pedigree to the villa-inspired layouts, every detail reflects intentionality and sets a new standard for functional luxury in the area.”

Competition in the area has intensified as longtime Florida buyers now find themselves bidding against out-of-state and international buyers, adding pressure to an already constrained market. The result is a neighborhood where teardowns fetch premiums and demand for the top schools is extremely competitive. For seasoned Miami real estate experts, the evolution feels like a long time coming.

“For years, Coconut Grove was a hidden gem compared to Miami’s traditional trophy waterfronts,” said Nancy Batchelor, founder of the top-producing Nancy Batchelor Team at Compass. “Today, the narrative has completely shifted. Buyers aren’t asking why the Grove, they’re asking what’s available. The walkability, the yacht clubs, the prestigious private schools like Ransom Everglades and Carrollton School, are all huge draws. It’s an incredibly sticky market; once people move here they rarely leave, which has turned inventory into a true luxury.”

2627 S Bayshore Drive, Unit 3201, Photo credit: Become Legendary | ONE Sotheby’s International Realty

Ziggurat Artist’s Conceptual Rendering

The Lincoln Artist’s Conceptual Rendering

Photo credit: OPUS – META Development

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But Arbor’s story is not simply about architecture or luxury living. Its completion marks the closing of a deeply personal chapter for the Kodsi family and the beginning of a new generation of Miami development leadership.

Last August, as Arbor neared completion, 27-year-old Camilla Kodsi unexpectedly found herself stepping into the spotlight after the passing of her father, Isaac Kodsi, founder of Ark Capital Group. What had once been years of learning beside him quickly became a defining leadership moment.

Following his passing, Camilla led Arbor through its final stretch, overseeing construction, coordinating teams, and guiding the project to Temporary Certificate of Occupancy as sales surpassed 70 percent. Now officially open, the project stands as both a tribute to her father’s vision and a reflection of her own perspective on modern living.

To mark the completion of the highly anticipated development, Arbor Residences recently welcomed guests to an intimate evening cocktail reception in Coconut Grove, offering a first look at the completed residences, interiors, and lush landscaped grounds. The event brought together brokers, buyers, and members of the local community for cocktails and light fare, while Kodsi was in attendance to share insight into the project and the vision behind it.

For Camilla Kodsi, Arbor is personal in more ways than one. Raised in Coconut Grove, she grew up surrounded by the neighborhood’s lush greenery, walkability, marinas, cafés, and slower residential pace, qualities that shaped the philosophy behind the project itself.

That influence is evident throughout Arbor’s design. Rather than towering density, the development embraces intimacy and scale, with just 45 spacious two-, three-, and four-bedroom residences designed around natural light, greenery, and flexibility. Each home includes adaptable den spaces that can evolve with residents’ lifestyles, whether used as a home office, playroom, wellness room, or creative retreat.

The result is a distinctly Grove approach to luxury: refined yet understated, modern yet deeply connected to nature.

“People want homes that feel livable and personal,” Kodsi said. “Especially in Coconut Grove, there’s an appreciation for privacy, greenery, and spaces that feel integrated into the neighborhood instead of overpowering it.”

As buyers increasingly seek boutique, low-density living in Miami, Arbor arrives at a moment when the market is shifting toward more intentional residential experiences. Beyond its design appeal, the project has also attracted investors looking for long-term value in one of Miami’s most established and desirable neighborhoods.

Now move-in ready, Arbor Residences reflects a changing vision for Miami real estate, one that prioritizes thoughtful scale, lifestyle-driven design, and community connection over excess.

For Camilla Kodsi, it also marks the beginning of a new era. While continuing her work through Ark Capital Group, she is already advancing her own projects, including townhouse developments in Shenandoah and another Coconut Grove property slated for delivery later this summer.

At just 27, Kodsi is emerging as part of a new generation of Miami developers: hands-on, design-aware, and deeply attuned to how people want to live now. And with Arbor Residences officially open, that next chapter is already underway.

3034 Oak Avenue, Miami, FL
www.arborresidences.com

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Comras Company has fully leased 33,000 square feet in The Canopy, its newly repositioned mixed-use building in the heart of Coconut Grove, marking a significant milestone for one of Miami’s in-demand submarkets. The recently completed project transforms a legacy retail and fitness property into a modern workplace designed to meet the growing demands from national finance and investment firms seeking premium space in Miami’s urban core.

“Coconut Grove is one of the most supply-constrained and desirable destinations for office space in South Florida,” said Michael Comras, Founder and CEO of Comras Company. “We saw a clear opportunity to reposition this property into a Class-A office environment that aligns with how companies want to operate today, walkable, amenitized, and close to where decision-makers live. Companies no longer want their teams commuting 45 minutes each way. They want community, convenience, and quality. The Canopy delivers that.”

Tenants at The Canopy include Trinity Investments, ACORE Capital, Sasa Management, Link Business School and Principia Capital. 

Originally developed by Michael Comras more than 25 years ago, the property has undergone multiple iterations, previously home to Spec’s Music, Old Navy, and Shaq’s 24 Hour Fitness. The latest redevelopment reimagines the building into a high-design office destination commanding top-of-market rents in one of South Florida’s most competitive markets.

The project’s full lease-up comes as Miami continues to benefit from sustained corporate relocations. Companies such as Palantir Technologies and a growing number of hedge funds and private equity firms, are further tightening Class-A office inventory and driving demand for boutique, walkable office environments like Coconut Grove.

The neighborhood has also seen record-setting waterfront transactions, including purchases by Google co-founder Larry Page and billionaire investor Timothy Carver, highlighting the Grove’s appeal to ultra-high-net-worth executives who prioritize proximity, lifestyle and privacy.

The Canopy is designed with a hospitality-forward aesthetic, featuring a concierge and lounge-style seating area. The third floor includes a private 1,671-square-foot rooftop terrace, while office suites overlook Coconut Grove’s iconic tree canopy, offering abundant natural light and a sense of privacy rarely found in urban office settings.

On the ground floor, Comras Company curated a complementary tenant mix that enhances the daily experience for office users, including Carrot Express, FedEx, and One Medical, a modern primary care provider.

“Miami has become a magnet for capital and talent, added Comras. “Our goal was to create a boutique office product that captures that momentum and serves the next generation of firms choosing Coconut Grove as their base.”

The Canopy is located directly across from the newly renovated Mayfair Hotel and CocoWalk, which Comras Company was a co-developer on and fully curated and leased. Within a five-minute walk are Michelin-starred Ariete, Bellini at Mr. C Hotel, Omakai Sushi and a wide range of luxury hotel and residential options.

Looking ahead, Comras Company continues to advance its broader vision for Coconut Grove and Miami Beach. Demolition has officially commenced for NoLi, short for North Lincoln Road, a transformative mixed-use district that will introduce approximately 150,000 square feet of boutique retail, dining, wellness, and experiential concepts to the corridor. 

In addition, the firm is planning the launch of a boutique office concept on Lincoln Road, designed to meet growing demand for high-design, walkable workspace in Miami Beach’s evolving urban core.

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Moss, a top-ranked national construction firm, today announced the topping out of phase two of Elemi at Grove Village, a luxury boutique multifamily community being developed by Silver Bluff Development in Miami’s historic Coconut Grove neighborhood.

The milestone marks the completion of the structure framework for the five-story residential building, bringing the project one step closer to delivering an additional 27 luxury apartments  which offer a rare residential concept in Miami’s urban housing landscape.  Following in the footsteps of Phase 1, each residence in Phase 2 features two-story floor plans, providing residents with a townhouse-style living experience within a boutique, multifamily community.

Phase 2 is an expansion of the adjacent Elemi at Grove Village, which introduced 46 rental units  to Coconut Grove in 2025. Together, the development offers a thoughtfully designed residential enclave in one of Miami’s most desirable and historic neighborhoods. 

“Phase 2 of Elemi at Grove Village reflects our long-standing commitment to Coconut Grove and our belief that the neighborhood deserves thoughtful, high-quality residential offerings,” said Grant Savage, founder of Silver Bluff Development. “Our homes provide a unique concept in the Miami market, with spacious two-story residences that offer the comfort and privacy of a home while allowing residents to live in one of the most sought-after neighborhoods in South Florida.”

Like Phase 1, the community was designed by Arquitectonica, with interiors by Authorial Studios.

Residents of both buildings will share a collection of lifestyle amenities designed to support modern living, including a rooftop lounge, pool, co-working spaces, a fitness center and gathering areas.

Founded in the 1800s, Coconut Grove is Miami’s oldest neighborhood, known for its lush tree canopy, walkable streets, waterfront parks and vibrant mix of restaurants, boutiques and cultural attractions. In recent years, the area has experienced increased demand for luxury housing as residents seek a more intimate, village-style lifestyle within the city.

Designed to complement the neighborhood, Elemi at Grove Village offers large one-, two- and three-bedroom residences with spacious, private terraces. Phase 2 also offers ground-floor retail envisioned to attract food and beverage offerings that enhance residential living and draw visitors.

“Moss is proud to celebrate this milestone alongside Silver Bluff,” said Fernando Del Campo, vice president and project executive at Moss. “The topping out of Phase 2 is a testament to the strength of our partnership and the dedication of the team working on the project every day. We remain focused on delivering this luxury community with a keen eye for detail, which Moss is known for.”

Located just a short walk from the heart of Coconut Grove, Elemi at Grove Village places residents within steps of shops, restaurants, parks and schools.

Pre-leasing for Phase 2 is expected to begin later this year, with an anticipated opening in 2027.

Renderings Courtesy: Silver Bluff Development

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Arbor Residences, the 45-residence boutique condominium in Coconut Grove, has achieved Temporary Certificate of Occupancy (TCO), marking a major milestone for the family-led development as sales surpass 70 percent. 

The milestone carries particular significance for the Kodsi family. Isaac Kodsi, the Miami developer and founder of Ark Capital Group, acquired Arbor out of foreclosure in 2023, returned buyers’ deposits, and restarted construction, restoring momentum to the stalled project. A longtime Coconut Grove resident, Isaac was deeply involved in the neighborhood and committed to its growth. He passed away unexpectedly in August 2025 while the building was nearing completion. 

Today, development continues under the leadership of his daughter, Camilla Kodsi, who grew up in Coconut Grove and attended school in the neighborhood. Having worked alongside her father throughout the project, she has seen Arbor through final inspections and completion with the support of the Kodsi family. Camilla plans to continue her work as a developer in Miami, carrying forward both the Arbor vision and her father’s broader legacy at Ark Capital. 

“Reaching TCO at Arbor is an incredibly meaningful milestone,” said Camilla Kodsi. “It was an honor to work alongside my father through every stage of the project, and I’m deeply grateful to the Arbor team whose dedication brought the building to completion. Having grown up and now living in Coconut Grove, it’s especially rewarding to contribute something lasting to a neighborhood that means so much to me. I look forward to continuing my work developing projects in Miami.” 

Sandra Masis added, “Coconut Grove has always been one of Miami’s most special neighborhoods, and buyers can feel the care that went into Arbor,” she notes. “From the scale of the building to its walkable location steps from CocoWalk, the parks, and the Grove’s vibrant and growing dining scene, this is a place designed to fit seamlessly into the neighborhood and feel like home from day one.” 

Designed by Behar & Font, Arbor Residences comprises 45 homes featuring high ceilings, floor-to-ceiling windows, natural wood finishes, Bosch appliances, and spacious layouts that complement the Grove’s tree-lined character. Amenities include a rooftop terrace, pool deck, fitness center, 24-hour concierge service, and valet. 

Located just around the corner from Coconut Grove’s central corridor and CocoWalk, Arbor offers a residential oasis within one of Miami’s most established and walkable neighborhoods. Pricing on available homes begins at $1.7 million, with two-bedroom-plus-den and three-bedroom, two-bath residences currently available. Sandra Masis of Cervera Real Estate, who has overseen sales since the project’s revival, continues to lead sales and marketing as Arbor enters its final phase. 

With TCO secured and move-ins approaching, Arbor Residences stands as a completed boutique development shaped by family stewardship and long-term commitment to Coconut Grove. Resident move-ins are slated for early spring 2026. 

For more information, please visit www. arborresidences.com or contact the onsite sales office at 3034 Oak Avenue, Miami, Florida 33133 or 305-219-5963. 

About Arbor Residences

Arbor Residences is a boutique collection of 45 residences in Coconut Grove, just steps from CocoWalk and the neighborhood’s parks, dining, and retail corridor. Designed by Behar & Font and developed by the Kodsi family, Arbor blends walkable Grove living with contemporary design and curated amenities. Originally revitalized by the late developer Isaac Kodsi and carried through completion by his daughter, Camilla Kodsi, the project is more than 70 percent sold, with remaining residences starting at $1.7 million. Sales and marketing are led by Sandra Masis of Cervera Real Estate. For more information visit arborresidences.com. 

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Renowned Miami developer Ugo Colombo’s CMC Group has officially delivered its most sophisticated development to date, Vita at Grove Isle, marking the pinnacle of the firm’s three-decade commitment to elevating Miami’s luxury residential landscape. The 7-story boutique condominium features 65 ultra-luxury residences and is located on the exclusive 20-acre private island of Grove Isle, situated just offshore of Miami’s Coconut Grove enclave. Following the receipt of the building’s Temporary Certificate of Occupancy (TCO), closings have now commenced as residents begin to take ownership of their units and prepare for move-ins.

Since its 2023 sales launch and groundbreaking, Vita has attracted a predominantly domestic buyer pool, including many local Miami residents relocating from large estate homes in nearby affluent neighborhoods. Drawn to Vita’s expansive, estate-like floor plans, these buyers value the ability to downsize without compromising space, while gaining the convenience, privacy, and lock-and-leave ease of luxury condominium living. As the only new luxury condominium delivering in Coconut Grove this year, Vita also offers the advantage of immediate occupancy for buyers eager to transition seamlessly into their new homes.

The majority of Vita’s residences have already been sold, leaving a limited selection of available inventory priced from $6.5 million, including a two-story penthouse with a private pool and rooftop terrace priced at $22 million.

“Vita at Grove Isle represents the culmination of years of careful planning, thoughtful design, and an unwavering attention to detail,” said Ugo Colombo, Founder of CMC Group. “Our goal was to deliver a level of quality, privacy, and craftsmanship that feels truly special, something worthy of this remarkable island. Seeing Vita come to life is incredibly meaningful, and I’m proud of what we have created.”

Every detail of Vita, from its layouts and smart-home systems to the fine marbles sourced directly from Italy, was personally overseen by Ugo Colombo, a Milan native with an unmatched eye for luxury. His involvement touched every corner of the project, from the building’s façade engineering to custom furnishings and advanced lighting and climate technologies, resulting in a seamless living experience defined by craftsmanship and enduring quality.

Vita’s completion marks the latest milestone in Ugo Colombo’s three-decade legacy of shaping Miami’s skyline. His commitment to timeless style, breathtaking luxury, and meticulous detail has been a constant in the sea of change defining Miami real estate. Since igniting the city’s luxury condominium boom with Bristol Tower and Santa Maria in the early 1990s, Colombo has continued to deliver a selective and curated portfolio of best-in-class developments including Porto Vita, Grovenor House, EPIC Hotel & Residences, Brickell Flatiron, and most recently Onda Residences in Bay Harbor Islands, all of which have retained their value and remain synonymous with elevated design and craftsmanship.

“Delivering Vita at Grove Isle is especially meaningful for us because we only take on one or two developments at a time, allowing us to pour our full attention into every detail,” said Christine Martínez de Castro, Chief Marketing and Sales Officer of CMC Group. “Under Ugo’s leadership, every element, from the caliber of materials to the integrity of the design, was thoughtfully considered to ensure Vita feels like a collection of private homes, a true waterfront retreat accessible only by a private bridge. It reflects the standard of quality and craftsmanship that has guided Ugo’s work for years and continues to set our developments apart.”

For the design of Vita, Colombo partnered with global architecture and design firm CallisonRTKL, local architecture firm S&E Architects, and Italian designers Carlo and Paolo Colombo of A++ Architecture to create one-of-a-kind interior and amenity spaces. Vita’s three elegantly curved buildings – Mare, Luce and Sole – are designed to showcase a single architectural structure mirroring the natural contours of the island, while maximizing panoramic views of the sparkling Biscayne Bay from every residence.

Resident amenities include a private bayfront pool, Pickel and Padel courts, poolside bar and lounge, a state-of-the-art fitness center and spa, and membership to the “Grove Isle Racquet and Yacht Club,” which features a Club pool with adjacent bar as well as night-lit tennis. Residents and their guests will also enjoy access to La Sponda, an elevated Italian dining concept from Gioia Hospitality Group, the team behind Miami’s acclaimed Daniel’s, opening in 2026 for lunch, dinner, and cocktails.

The level of planning that has gone into Vita’s architecture and amenities is matched only by the detail paid to the design of its residences. Units feature dedicated elevators with private foyers, contemporary Italian-designed open-concept kitchens equipped with concealed, top-of-the-line Miele appliances, and elegant bathrooms showcasing custom Italian cabinetry, European designer fixtures, hand-selected book-matched marble, and masterfully crafted Italian stonework. Additionally, each home offers at least 10-foot ceilings from finished floor to drop ceiling, pre-installed smart home automation for seamless control of lighting, climate, and air/water filtration systems, and high-performance soundproofing for unparalleled privacy and comfort.

Vita’s exclusive collection of 12 two-story penthouses elevates the experience further with private rooftop terraces offering full-size swimming pools and summer kitchens allowing for year-round outdoor dining, lounging and entertaining. Inside, each penthouse features drop ceilings and soaring 11-foot finished ceiling heights that enhance the home’s sense of volume and elegance.

Grove Isle is one of the most exclusive residential locations in Miami. Spanning 20 acres, the gated private island in Coconut Grove is just minutes away from mainland Miami via the scenic Grove Isle bridge. The secluded community is highly prized by residents as a peaceful haven with panoramic bay views, in close proximity to Miami’s best shopping, elite schools, chef-driven restaurants, world-class arts and culture, and destinations such as Brickell, Miami Beach and Coral Gables.

As Colombo celebrates the completion of Vita, CMC Group is already ushering in its next chapter with the recent groundbreaking of the Four Seasons Private Residences Coconut Grove, the firm’s newest ultra-luxury development in partnership with Fort Partners. Poised to become one of Miami’s most distinguished addresses, the project continues CMC’s tradition of delivering meticulously crafted, design-forward residences that elevate the city’s skyline and reinforce its position as a global luxury destination.

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A joint venture between Terra, South Florida’s leading real estate development firm, and partner AB Asset Management has broken ground on THE WELL Coconut Grove, a transformative mixed-use residential development in Miami’s Coconut Grove neighborhood, with a $410 million construction loan from TYKO Capital. The financing, which provides full development funding for the project, marks the largest construction loan closed in Coconut Grove’s history. Walker & Dunlop represented the development team in the transaction. 

“This construction financing and groundbreaking marks significant milestones for both Terra and THE WELL as we expand our wellness-focused residential and hospitality footprint in one of Miami’s most vibrant neighborhoods,” said David Martin, CEO of Terra. “The strength of this financing underscores lender confidence in our vision for creating spaces that prioritize holistic living and community well-being.” 

With over half of the building’s residences already pre-sold, THE WELL Coconut Grove appeals to individuals who view wellness as a foundational element of lifestyle rather than a convenience or trend. These are buyers who prioritize health, design, and community in equal measure – whether they’re seeking a primary residence or a thoughtfully designed second home. They tend to be purpose-driven professionals and creatives who value access to integrative wellness offerings, a meaningful sense of place, and a neighborhood that fosters both connection and retreat. 

“Coconut Grove has always been home to me and I’ve watched the neighborhood evolve immensely over decades,” says Getzy Fellig, CoFounder of AB Asset Management. “When we look at projects like this, it’s essential that development enhances the community rather than diminishing it. The Grove has a unique sense of charm and conviviality that needs to be protected, especially as Miami continues to grow. Partnering with Terra reflects our shared belief that thoughtful, community-driven development can benefit the neighborhood while prioritizing what makes it a true sanctuary within the city.” 

Opening in Q4 2028, THE WELL Coconut Grove represents the next chapter in Terra and THE WELL’s collaboration, bringing together 194 residences across eight stories with holistic wellness amenities, office and club components, and retail experiences designed around the principles of mindful living. Designed by Arquitectonica with interiors by Meyer Davis, the project will integrate biophilic design, natural materials, and advanced sustainability measures to achieve a Florida Green Building Design Silver Certification. 

The property offers one- to four-bedroom residences from 960 – 4,200 square feet, with prices starting at $1.5 million. The residences at this landmark building embody unparalleled craftsmanship and thoughtful design, offering a lifestyle of luxury and wellness. Amidst the entirety of the project, every detail reflects the commitment to creating a masterpiece that redefines luxury living. 

Terra has been thoughtfully enhancing Coconut Grove for decades, contributing to the neighborhood’s unique charm and appeal with several landmark developments including the Bjarke Ingels-designed Grove at Grand Bay towers; the Rem Koolhaas/OMA-designed Park Grove towers; the Touzet Studio-designed Mary Street office and retail complex; the Arquitectonica-designed Mr. C Residences; and Grove Central, a transit-oriented residential and retail development that integrates with Miami’s Metrorail system. 

As Miami’s most historic enclave, Coconut Grove boasts a vibrant legacy of community and culture. The addition of THE WELL will further enrich the neighborhood, introducing a wellness club designed as a hub where locals can come together, foster connections, and prioritize their well-being. 

Holistic Wellness in Every Residence 

● Residences at THE WELL Coconut Grove are designed to nurture and restore. Each unit features spacious private balconies, natural light-filled spaces and Italkraft Italian cabinetry. Kitchens are equipped with Kraus Kore™ sinks, quartzite countertops and premium appliances by Sub-Zero and Wolf, enhancing both functionality and aesthetic appeal. 

● Select units include dedicated Wellness Dens for meditation, workouts and massages. THE WELL practitioner team has curated custom wellness packages available to enhance in-home experiences, such as The Longevity Den, The Mindful Den, The Mobility Den, and THE WELL Office. 

Exclusive Amenities to Support a Balanced Lifestyle 

THE WELL Coconut Grove offers an extensive array of amenities that cater to a balanced, wellness-focused lifestyle: 

● 40,000-square-foot Rooftop Wellness Oasis: Features a private resident swimming pool, hot and cold plunges, cabanas and a pickleball court, all set within lush tropical landscaping. 

● 13,000-square-foot. State-of-the-Art Wellness Center: This space includes a communal bathhouse, crystal cave relaxation lounges, hyperbaric chamber and Vitality Lounge, physical therapy and functional medicine practices. 

● Unique Social Spaces: Residents can unwind at the aperitif bar, enjoy the tea garden, or explore the Conservatory, which provides indoor/outdoor seating and a calm environment for coworking and IV therapy. 

● Personalized Wellness Services: Exclusive offerings include bi-annual health coaching sessions, curated events and preferred pricing on wellness treatments. Residents also have access to the latest wellness technologies through THE WELL Locker, which features items like Theraguns, infrared blankets and lymph boots. 

Sustainable Design and Industry-Leading Team 

● THE WELL Coconut Grove is designed with environmental mindfulness at its core, achieving a Florida Green Building Design Silver Certification. The collaboration between Terra, Arquitectonica and Meyer Davis reflects a shared vision for sustainable luxury that enhances both the environment and resident wellness. 

With its holistic vision and thoughtfully integrated design, THE WELL Coconut Grove is set to redefine how residents live well in the heart of Miami. 

About Terra 

Terra is a Miami-based real estate development and investment company that creates communities, enhances neighborhoods, and connects people. Led by CEO David Martin, Terra was founded in 2001 and is active across all major real estate asset classes, including multifamily apartments, luxury condominium and single-family residences, retail and office space, hotels, and industrial properties. Terra owns and operates a carefully curated portfolio of real estate developments that elevate quality of life; maximize the way in which people work, live and entertain; and innovate the urban and suburban landscape with an eye toward resiliency and sustainability. Since its launch, Terra has developed more than eight million square feet of residential, commercial, and mixed-use projects across South Florida. Terra thrives by assembling teams comprised of the world’s most accomplished architects, designers, planners, engineers and builders who collaborate to bring the firm’s development vision to life. Learn more at www.terragroup.com. 

About THE WELL 

THE WELL is your one-stop shop for wellness. We integrate modern medicine and ancient healing, focusing on whole-person care. Our services, classes and experiences address the physical, mental and spiritual aspects of well-being — tailored to you — in beautifully designed spaces around the world. Our one goal: to help you feel your best. 

About AB Asset Management 

AB Asset Management is a vertically integrated real estate investment firm based in Miami Beach, focused on value-add and opportunistic investments across select U.S. markets. The firm executes a disciplined, hands-on investment strategy across the full real estate lifecycle, from acquisitions through asset management and dispositions. Co-founded by Sam Zalmanov, AB Asset Management is focused on disciplined capital allocation, risk management, and long-term value creation for its investors. 

About TYKO CAPITAL 

TYKO Capital (“TYKO”) is a multi-billion-dollar Commercial Real Estate Private Equity and Private Credit Investment Management Platform, which is a joint venture between Adi Chugh & a Florida based hedge fund. TYKO was established in August 2023 to capitalize on the void in the CRE capital markets caused by the current macro-economic environment, focusing on institutional borrowers and institutional assets, in top tier markets. TYKO’s focus and reach in the CRE space is unique, given the firm’s proprietary deal sourcing capabilities and ability to commit large amounts of capital to institutional deals. For more information, visit tykocapital.com .

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A Gencom-led joint venture originally acquired The Ritz-Carlton Coconut Grove back in 2011 and sold a majority stake on the property to Hersha Hospitality Trust in 2017. The new acquisition transaction was financed by Banco Inbursa, a leading international financial institution with a strong track record financing hospitality and commercial real estate assets, for an undisclosed amount.

“The Ritz-Carlton Coconut Grove has always been a special property for Gencom, reflected by our history with the asset and Coconut Grove’s timeless appeal,” said Karim Alibhai, Founder of Gencom. “Reacquiring a majority stake aligns with our strategy of investing in high-quality assets in markets with strong fundamentals. We see significant opportunity to build on the property’s legacy and exceptional brand by creating value through disciplined investment and asset management.”

The Ritz-Carlton Coconut Grove property first opened in 2002 in Miami’s historic Coconut Grove neighborhood. In addition to the hotel’s 115 guestrooms, the Ritz-Carlton property features ~30,000 square feet of flexible indoor and outdoor meeting space, a swimming pool, poolside restaurant, boutique spa and salon, and a fitness center. The 21-story upscale hotel underwent its latest renovation in 2018. The upgrades included renovating the guestrooms and suites, the lobby, swimming pool, and food and beverage spaces that led to the opening of Isabelle’s Coconut Grove and The Commodore cocktail bar.

“This acquisition reflects our long-term conviction in Miami’s lodging fundamentals and the sustained strength of its local economy,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “Having previously owned The Ritz-Carlton Coconut Grove, we recognize the enduring value of the asset and the importance of Coconut Grove as one of Miami’s most established and in-demand submarkets for both leisure and business travel. Regaining a majority ownership in this iconic property enables us to further scale our hospitality platform in Miami, one of North America’s most compelling and resilient tourism markets.”

Miami’s Coconut Grove waterfront neighborhood has emerged as one of the city’s most authentic and highly coveted communities. Known for its lush streets, historic charm, and vibrant cultural scene, the Grove has seen significant growth and redevelopment in recent years. The addition of several Class A office buildings has attracted new residents and businesses, while the revitalization of its anchor lifestyle center, Cocowalk, has introduced dozens of restaurants, retail shops, and a new movie theater. Coupled with the development of luxury condos and hotels, these enhancements have strengthened Coconut Grove’s position as a premier live-work-play district. Today, the neighborhood offers a unique blend of luxury living, shopping, dining, cultural attractions and entertainment, making it one of Miami’s most appealing destinations for residents, visitors, and investors alike.

Gencom’s Miami holdings include the recently reopened Ritz-Carlton Key Biscayne, Miami following a $100 million renovation and Miami Riverbridge, a transformational, privately funded mixed-use development planned along the Miami River, reinforcing the firm’s long-term conviction in the city’s growth and waterfront revitalization. The company’s illustrious branded hotel portfolio also includes other Marriott Hotels brands such as The Ritz-Carlton Bachelor Gulch; The Ritz-Carlton Philadelphia; The Ritz-Carlton New Orleans; The St. Regis Chicago; and Nekajui, a Ritz-Carlton Reserve; in addition to other five-star flags such as Auberge, Four Seasons, Rosewood, Fairmont, Hyatt, InterContinental, and more.

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Commercial Real Estate Women Miami (CREW Miami) brought South Florida’s commercial real estate community together for an evening of celebration, recognition, and reflection at its annual Holiday Party & Awards. Held on Wednesday, December 10, at Lucid Art Gallery in the Miami Design District, the event marked a festive close to a year defined by leadership, education, and meaningful impact. Members and guests from across the region gathered to honor the organization’s accomplishments and the individuals helping shape the future of commercial real estate, particularly women entering and advancing within the industry.

A highlight of the evening was the presentation of CREW Miami’s annual scholarships. This year, the organization awarded $15,000 to outstanding female students pursuing careers in commercial real estate–related fields, reinforcing CREW Miami’s long-standing commitment to education and access. The 2025 scholarship recipients include Peyton Recer, a Juris Doctor candidate at the University of Miami School of Law, Class of 2027, and the recipient of the Roslyn K. Berrin Scholarship; Patricia Llerena Perez, an architecture student at the University of Miami, Class of 2028; and Pietra Ingletto Wagner, a finance and real estate student at the University of Miami, Class of 2027.

“Receiving this scholarship reinforces my commitment to building a career in commercial real estate,” said Pietra Ingletto Wagner. “CREW Miami’s support provides both financial assistance and encouragement as I prepare to enter the industry.”

CREW Miami’s scholarship program supports female undergraduate and graduate students enrolled in real estate-related disciplines at Miami-Dade County institutions who maintain a minimum cumulative GPA of 3.0. The Roslyn K. Berrin Scholarship, awarded annually, honors one of South Florida’s pioneering women in commercial real estate and is funded in perpetuity through a dedicated endowment.

As the organization looks ahead, CREW Miami leadership emphasized the collective power of connection and community. “CREW Miami is built on the belief that when women are connected, supported, and visible, the entire industry is stronger,” said Josie Legido Correa, Director of Business Development for Florida at JWR Construction and CREW Miami’s 2025 Board President. “Throughout the year, our programs—from scholarships and mentorship to educational events and signature gatherings—created spaces for learning, collaboration, and genuine relationship-building. Backed by the global reach of CREW Network, we are proud to foster a community that opens doors, advances careers, and helps women grow together in commercial real estate.”

In 2025, CREW Miami delivered a robust calendar of programming designed to educate, connect, and elevate its members and the broader commercial real estate community. The organization hosted 22 events and welcomed more than 1,000 professionals, ranging from hard hat tours and educational panels to virtual cafecitos and signature gatherings such as the annual Golf Tournament and the Tri-Chapter Anatomy of the Deal program. The year also featured fireside chats with local CRE leaders Avra Jain and Ramola Motwani, expanded next-generation outreach through UCREW events at the University of Miami and Florida International University, and paired five emerging professionals with experienced mentors for one-on-one career guidance.

Additionally, CREW Miami awarded more than $12,000 in professional development scholarships for members to attend CREW Network Convention and Leadership Summits, issued $15,000 in student scholarships, and delivered enhanced visibility and value for corporate sponsors through integrated events and strategic social media engagement. As the holiday season set the tone for the year ahead, the celebration reflected not only a successful year, but a continued commitment to opportunity, leadership, and the advancement of women across South Florida’s commercial real estate landscape.

2026 Board of Directors Announcement:

CREW Miami also announced its 2026 Board of Directors, representing leadership across development, finance, law, construction, design, and professional services:

• Emily Butler, Office Managing Partner – Miami, CohnReznick LLP; Chapter President
   
• Julia Grachova, VP of Business Development and Governmental Legal Affairs, Fuse Group Investment Companies; President-Elect
   
• Josie Legido Correa, Director of Business Development – Florida, JWR Construction; Immediate Past President
   
• Sarah Zhou, Senior Manager, BPM; Treasurer
   
• Jennifer Hernandez, Partner, Avila Rodriguez Hernandez Mena & Garro LLP; Board Secretary
   
• Melinda Sherwood, Principal, Revelie PR; Communications Director
   
• Zeynep A. Talu-Balci, Founder, Makos Real Estate; Education Director
   
• Shannon Wilson, Associate Director, Mortgage Banking, Berkadia; Programs Director
   
• Staci Merchant, Partner, Merchant Insurance Solutions; Hospitality Director
   
• Jennifer Kusek, MBA, CPA, Controller, CLA (CliftonLarsonAllen); Signature Events Director
   
• Dorota Lopez, CEO & Lead Designer, GFD Design Group; Sponsorship Director
   
• Brenda Saavedra, Founding Principal, Landy Saavedra, PLLC; Legal Director
   
• Cristina Zampieri, Senior Vice President, Intercredit Bank N.A.; Membership Committee Director
   
• Wendy Ruiz Cofiño, Vice President, FALKE Atlantic Corporation; Member Services Committee Director
   

New board members for 2026 include Melinda Sherwood, Zeynep A. Talu-Balci, Jennifer Hernandez, Jennifer Kusek, and Dorota Lopez.

Jennifer Hernandez; Jennifer Kusek; Melinda Sherwood; Dorota Lopez, Brenda Saavedra, Sarah Zhou, Zeynep A. Talu-Balci, Staci Merchant, Julia Grachova, Mabelle Perez, Shannon Wilson, Isabela Montalvo, Emily Butler, Josie Legido Correa, Yvonne Nyakana, Cristina Zampieri.
Not pictured: Rodolfo Javier Hernandez, Holly Cohen, Wendy Ruiz Cofino

Shannon Wilson, Brenda Saavedra, Karla Damas, & Jennifer Hernandez

Patricia Llerena Perez, Pietra Ingletto Wagner, Peyton Recer

Marcie Gregorio and Payal Tak, Owner of Lucid Design District

Emily Butler, 2026 CREW Miami President and Kara Olesky CREW Miami Member

Isabela Montalvo, Finance Associate at Scout Cold Logistics, 2025 Education Committee Director_ Peyton Recer Juris Doctor candidate, University of Miami School of Law, Class of 2027, Roslyn K. Berrin Scholarship recipient_ Josie Legido

Isabela Montalvo, Finance Associate at Scout Cold Logistics, 2025 Education Committee Director_ Patricia Llerena Perez, University of Miami, Architecture, Class of 2028 _ Josie Legido Correa, Director of Business Development for Florida

Isabela Montalvo

Isabela Montalvo, Finance Associate at Scout Cold Logistics, 2025 Education Committee Director_ Patricia Llerena Perez, University of Miami, Architecture, Class of 2028 _ Josie Legido Correa, Director of Business Development for Florida

CREW Members at Holiday Party, Lucid Design District

Chef Cathy and Karla Damas

Karen Brady , Yvonne Nyakana, Heidi Roberts

Outrageous Productions Florida provided the musical entertainment_

Chef Cathy The Simple Spoon

Melinda Sherwood, Erin Cabelus, Brenda Saavedra, Stephanie Kassoy, Candace Chin Fatt, Carol Ellis Cutler, Ligia Labrada

Dan Mena, Jennifer Hernandez, George Lafitte, Manuel Rodriguez

Astrid Garcia , Isabela Montalvo, Karla Damas, Carol Surowiec

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