Miami’s Coconut Grove Grows from Birkenstocks to Billionaires After years of losing luxury buyers and developers to South Beach and Downtown, the Miami enclave is attracting record-setting condo projects The WSJ wrote a piece that was published today about the transformation taking place in Coconut Grove. Its amazing what the 5.6 square mile village has blossomed into. At the same time where prices are soaring (One Park Grove will see prices as high as $1,900 psf) the developers are working closely with the residents and city officials to ensure that the Grove keeps its identity. Now is as good as a time as any to invest in the future of Coconut Grove. As prices are plateauing in areas of Miami, Coconut Grove continues to rise. If you have any questions or are interested in commercial or residential opportunities in Coconut Grove please feel free to contact me.