Coconut Grove Bank sold its Miami headquarters for $55 million to a company managed by a Terra Group executive.
August 08, 2013 at 10:00 PM
1 minute read
Two of Miami's most prolific developers appear to be teaming up to redevelop Coconut Grove Bank's headquarters.
A Miami company called 2701 Bayshore Venture LLC has purchased the bank's 2765 S. Bayshore Drive office building and two adjoining parcels totaling 3.07 acres for $55 million, according to Miami-Dade County property records. The venture is managed by Terra Group LLC president and owner David Martin and Related Group chief operating officer Matt Allen.
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