Swiss Company Plans Boutique Apartments Near Metrorail ‘Built To Highest ESG Standards,’ Groundbreaking 2023

A Switzerland-based real estate company has purchased a development site near the Vizcaya Metrorail station, with plans for an apartment building.

The Swiss-based buyer is Empira Group, and the new development will be called CoralGrove Brickell.

CoralGrove Brickell is being designed to promote walkable urban living, and will be built at the highest ESG standards, the developer said. The ESG commitment is in contrast to most US developers who have yet to embrace this trend, a spokesperson said.

The building will also have LEED certification and other amenities that promote a healthy lifestyle.

The Vizcaya Metrorail station is five minutes away, and future tenants will be able to trade their cars for Metrorail, according to the developer.

Demolition of older buildings at the site is planned in late 2022. Groundbreaking is planned for the second half of 2023, with completion in 2025.

Empira plans to maintain ownership following completion as an investment.

Revuelta is the architect.

JLL Capital Markets represented the seller, led by Investment Advisory team Directors Max La Cava and Simon Banke, with support from Analyst Danielle Fernandez.

“CoralGrove Brickell is one of the most exciting boutique residential projects in Miami,” said La Cava.

 

 

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Anon
5 months ago

Great building – much nicer than the typical stucco blocks usually delivered

William
5 months ago

Mr. D.. what name do you want to give your nice dev? Oh.. i was thinking coral gables or cocoa grove.. maybe brickell? >.. ahh. have an idea! How about all three!

Anonymous
5 months ago

Yes, but if it was just a box without the rounded end, I’d prefer stucco and ornamentation any day, especially in relation to the historic architectural context of this neighborhood.

Melo is sigma and Chad
5 months ago

Nice addition to coral way, that street is slept on.

Truth Matters
5 months ago

Such a beautiful avenue and so many empty lots. So happy this is happening. Coral Way is the natural connector between Brickell and Coral Gables.

Anonymous
5 months ago

SW Third Avenue needs to be distinguished from Coral Way. It runs from US1 to 13th and is strategically positioned for growth.

Anonymous
5 months ago

It’s still Coral Way. It has a historic marker right at the bend.

Jim
4 months ago

Of course but the idea is to distinguish it because it is diagonal unlike east to west coral way.

Anonymous
5 months ago

Yet not much happening.

Anonymous
5 months ago

Great name and scale! Hopefully more European developers invest here and diversify the local offerings.

popeye
5 months ago

is deutsche bank still in the business of “transfering money…..”???????? llmao

JEHF
5 months ago

very good point ..!

ilk
5 months ago

Great project, but come on … that name is terrible. “Where do you live?” “Coralgrove Brickell” “Ok, that was either three neighborhoods or two neighborhoods and one city. Just tell me where you live.”

Mad Dash
5 months ago

Funny thing is location is NOT in either neighborhood. Not Brickell, Not Coral Gables and definitely not in the Grove either.
RECALL is necessary

Not Anonymous
5 months ago

It sounds like whoever names this project was suffering from a stroke.

Not Anonymous
5 months ago

*named

Party
5 months ago

Its the name from the broker, not the name of the property Coral Grove will not be used

Marco
5 months ago

I agree. Less Melo please!

Anon
5 months ago

The area around the Vizcaya station is wildly underdeveloped. Probably a reason why that station is a ghost town in rush hour while all the other stations south of Brickell are busy.

Anonymous
5 months ago

I really don’t know why these elected officials think they can plop up a Metrorail anywhere and people will just gravitate to it. Now fifteen to twenty years later, they’re starting to let developers build projects next to some of them.

Man there are some foot dragging elected officials in this town.

Chris
5 months ago

Actually almost 40 years later

Anonymous
5 months ago

I was just being kind.

Vince
5 months ago

Elected officials are not the ones that designate where Metrorail stations are located. It is non-elected bureaucrats.

Anonymous
5 months ago

Not only brilliant but intentionally mean. Lots of county offices have been de-centralized and moved to Doral.

Anonymous
5 months ago

Maybe because it’s surrounded by an established single-family neighborhood? A light rail line from Brickell Station down SW 3rd Avenue and turning at Coral Way would be amazing.

Anonymous
5 months ago

this area is booming

Anonymous
5 months ago

“CoralGrove Brickell”

lmao dude just choose 1 neighborhood for the buildings name, not all 3 that are somewhat nearby

Broker
5 months ago

Its the name from JLL for the Deal not the Name of the Building

Anonymous
5 months ago

They are all really close by. North Coconut grove is a fe blocks away. The Roads, Shenandoah and Silver Bluff are also right there

Zonked
4 months ago

Eh, it’s just the name of a relatively small apartment building. Zero people will care about the name after it’s finished.

Chris
5 months ago

That neighborhood is known as “THE ROADS”. Also the nearby intersection is known by long time Miamians as “FIVE POINTS”. It is not Brickell, not Coral Gables, not Coconut Grove. So why not name it “VILLA IN THE ROADS” Or “CHATEAU AT FIVE POINTS”? Name recognition…and identifying with the historical heritage of beautiful tree-lined Coral Way.

Baywatch
5 months ago

Pool will be shade in the PM

Conno Sir
5 months ago

Partially, remember 3rd Ave is diagonal. I know in winter months, it will definitely be shaded in late PM. Should have been a rooftop amenity.

Anonymous
5 months ago

“Pool will be shade in the PM”

That means more people will use it.

Westchester Kid
5 months ago

there appears to be one on the roof but I could be mistaken

anon
5 months ago

there is but the sun sets to the west, so it will be shaded by the upper apartments.

Lenny
4 months ago

The main pool is on the roof

Anonymous
5 months ago

Come on, the name isn’t THAT bad when you consider names of buildings in this town. At least it wasn’t given the cringey “SoDoSoPa” treatment.

Theo
4 months ago

Walkable urban living is the future for car centric miami

Anonymous
4 months ago

Careful. Lots of bros who get off to sitting in traffic will come for you.

Anonymous
5 months ago

I hope they allocate space for a nice street front restaurant. Third Avenue is starting to become a great dining corridor.

Chris
5 months ago

Miami 21 requires ground floor liner uses that encourage pedestrians…but cost will be high to build out a restaurant (required grease-trap etc)

Giga Chad Melo
5 months ago

Swiss design!

beckett
4 months ago

do you like to eat fondue when the heat index is 103??

John
4 months ago

Is no one going to comment on the nonsense ESG? This needs to stop before it gets going in this country.

Anonymous
4 months ago

Maybe if you explain what the letters “ESG” means you’ll see people to respond to it.

Anonymous
4 months ago

ESG gives me flatus, as does MSG.

Anonymous
4 months ago

lol…

Circling
5 months ago

What is the circle at the corner, last floor?

Anonymous
5 months ago

Westworld set.

Anonymous
5 months ago

So it doesn’t look like a boring glass box.

Anne A.
5 months ago

Really nice looking building. Too bad about the name and ESG marketing puffery. I appreciate US developers not bothering with it. The ESG principles have more holes than Swiss cheese when you examine sticking a concrete and glass building that far away from food, shopping and entertainment. I guess the name is a handy clue on how far to travel for said needs. It’s just a really nice looking building (somewhat) near some train station. You’ll need that garage.

Anonymous
5 months ago

Well the Governor banned all that ESG B.S., so yes it’s all marketing puffery, just like so many related certain topics. Also I can tell you, the rents for this building and in this neighborhood certainly ain’t going to be ESG.

Anonymous
5 months ago

Far from food and entertainment? Perricones, Bocas Grill, Mykonos, Tutto Pasta, Tutto Pizza, Honey Uninhibited, Moshi Moshi, Taco Express, Boulangerie, Neme Gastrobar, Doggie Arepas, Juanchi Burgers, Budare Bistro…are stone’s throw away on Coral Way. That area is embarrassingly rich in dining options.

Anonymous
5 months ago

You forgot Lisbon on 17th Ave and Coral way that is really close as well

Vince
5 months ago

Wow…you have one hell of a stone throwing arm!

Anonymous
4 months ago

He is the Sandy Alcantara of stone throwing.

Anonymous
4 months ago

I see you are one of those “like literally” people. All restaurants mentioned are less than a mile from the building which is walking distance.

Anonymous
4 months ago

^
Martha, I’m going to town to get some supplies. I’ll be gone for three days so keep the shotgun nearby and ready with buckshot for those pesky injuns and varments.. okay?.. bye now!

Lol.. to him, less than a mile is still like another state over.

Anonymous
5 months ago

The