Terra Group and Related Group have submitted plans designed by Rem Koolhas’ Office for Metropolitan Architecture for the Coconut Grove Bank site at 2701 South Bayshore Drive.
The project will be known as Park Grove, and includes 298 luxury residential units in three 20-story buildings rising to heights of 256, 287 and 294 feet. It will also include four 2-story amenity buildings, a 3-story bank and fitness center, and a 2-story office building. 730 parking spaces will be built for residential and bank use.
Park Grove will be built in three phases, with the existing Coconut Grove Bank office remaining open during the first phase construction. The bank will then move into new office facilities on the site allowing for the second and third phase to be built.
OMA is the design architect, and Miami’s Arquitectonica is the executive architect for the project. Interior design is being prepared by Studio Sofield, and landscape design by Enzo Enea. OMA’s design beat out competing plans prepared by Diller Scofidio + Renfro, Jean Nouvel, and Christian de Portzamparc.