3793 Grand Ave, Coconut Grove

Coconut

Luxury condominiums in a strategic location of Miami

The 3793 Grand Ave project is a residential development comprised of 54 Class A condominiums, strategically located in Coconut Grove, Miami, one of the most exclusive and sought-after areas in the city. Featuring a contemporary design, this project seeks to meet the growing demand for affordable housing for middle-income residents who value a peaceful and well-connected lifestyle.

The five-story building features units ranging from 500 to 900 square feet, designed with a focus on functionality and comfort. The architectural design is led by the renowned firms Kobi Karp and Behar & Font, ensuring quality and modernity in every space. The 19,480-square-foot lot takes advantage of its location to offer efficient and well-distributed spaces.

Coconut Grove, with its stability and high residential demand, offers a unique opportunity for investors. This project combines accessibility, high-end design, and a prime location, making it a strategic investment in the Miami real estate market.

Project indicators

Project Details:

  • Location: Coconut Grove, Miami, Florida.
  • Type: Class A residential condominiums.
  • Total Units: 54 (average size 656 square feet).
  • Estimated Duration: 3.5 years.
  • IRR (IRR): 14%.
  • Capital Multiplier (MOIC): 1.56x.

Investment thesis

  • Type: Capital Preferred
  • Investment Vehicle: Limited Liability Company (LLC)
  • Returns: 7% per year, payable quarterly from the start of construction, with the remainder accrued upon project completion, reaching a total of 14% per year.

The project is led by Investee Partners, a firm with over 20 years of experience in residential and tourist real estate development. This development has been designed by the prestigious firms Kobi Karp and Behar & Font, renowned for their focus on modern and functional architecture. The marketing strategy is led by Douglas-Elliman, one of the leading luxury real estate firms in the United States. Construction will be carried out by Craft Construction and Kast Construction, companies with extensive experience in quality projects, ensuring the development's success and maximizing returns for investors.

Coconut