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
29 days ago

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

William
29 days 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
29 days 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
29 days ago

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

Truth Matters
29 days 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
29 days ago

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

Anonymous
29 days ago

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

Jim
27 days ago

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

Anonymous
29 days ago

Yet not much happening.

Anonymous
29 days ago

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

popeye
29 days ago

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

JEHF
29 days ago

very good point ..!

ilk
29 days 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
29 days 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
29 days ago

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

Not Anonymous
29 days ago

*named

Party
28 days ago

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

Marco
29 days ago

I agree. Less Melo please!

Anon
29 days 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
29 days 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
29 days ago

Actually almost 40 years later

Anonymous
29 days ago

I was just being kind.

Vince
29 days ago

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

Anonymous
29 days ago

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

Anonymous
29 days 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
29 days ago

this area is booming

Anonymous
29 days ago

“CoralGrove Brickell”

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

Broker
29 days ago

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

Anonymous
29 days 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
28 days 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
29 days 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
29 days ago

Pool will be shade in the PM

Conno Sir
29 days 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
29 days ago

“Pool will be shade in the PM”

That means more people will use it.

Westchester Kid
29 days ago

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

anon
29 days ago

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

Lenny
27 days ago

The main pool is on the roof

Anonymous
29 days 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
28 days ago

Walkable urban living is the future for car centric miami

Anonymous
28 days ago

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

Anonymous
29 days ago

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

Chris
29 days 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
29 days ago

Swiss design!

beckett
27 days ago

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

John
28 days ago

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

Anonymous
28 days ago

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

Anonymous
28 days ago

ESG gives me flatus, as does MSG.

Anonymous
28 days ago

lol…

Circling
29 days ago

What is the circle at the corner, last floor?

Anonymous
29 days ago

Westworld set.

Anonymous
29 days ago

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

Anne A.
29 days 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
29 days 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
29 days 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
29 days ago

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

Vince
29 days ago

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

Anonymous
28 days ago

He is the Sandy Alcantara of stone throwing.

Anonymous
27 days 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
27 days 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
29 days ago

The