New Inventory Coming to Already Hot Coconut Grove Real Estate Market

  • 05/16/22

The Shoma Group recently bought the Deel Volvo dealership in Coconut Grove with plans to bring a massive multi-use residential development to the area.

Situated in between both Coconut Grove and Coral Gables, this new development is in the perfect spot, a stones throw away from both areas entertainment and dinning scenes.

Shoma is looking to build two 18 story towers that will total 391 rental apartments, including highly sought after fully furnished micro studios.

The new development will also feature a food hall something Shoma has a lot of experience in, adding even more fantastic dinning options to the Coconut Grove area.

With inventory at an all-time low, new developments like this will prove to be hot commodities on the South Florida and Coconut Grove real estate markets.

 

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