Although I typically only cover residential real estate news here on The Coconut, I wanted to bring to your attention a recent commercial transaction which I believe could have a huge impact on the market in the West Grove. The northwest corner of Grand Avenue and SW 37th Avenue has just been sold to developers for $2,000,000. Although future plans for the site are unknown, Matt Martinez of Beacon Hill who represented the sellers says: “the highest and best use is likely mixed-use residential, lofts or condos, or office with a retail component on the ground floor.” I think it goes without saying that a new building there whether retail or residential would be a nice anchor for the West Grove. Below is a short video about the site. 3701 – 3715 Grand Ave Coconut Grove, FL from Matthew Martinez on Vimeo. As the #1 Top Producing Realtors in Coconut Grove for over 5 years, we know the market here inside and out. If you are interested in buying or selling Coconut Grove real estate and would like to set up a no pressure consultation, please feel free to contact The Riley Smith Group at 305-342-1623 or send us a message here.