The Allen Morris Company has officially broken ground on Ziggurat, its highly anticipated mixed-use development in the heart of Coconut Grove. This transformative project promises to blend world-class office, residential, and retail spaces while respecting the unique character and natural beauty of the neighborhood. The groundbreaking was marked by a vibrant block party, celebrating the project’s vision and community integration.
Key Takeaways
- Project: Ziggurat, a mixed-use development featuring office, residential, and retail spaces.
- Location: 3101 Grand Ave., Coconut Grove.
- Developer: The Allen Morris Company, in partnership with the Espinosa family.
- Financing: Secured a $138.5 million construction loan from BDT & MSD Partners and BHI.
- Completion: Anticipated in early 2028.
- Sales: Already 65% sold.
A Vision for Coconut Grove
Ziggurat is designed to be a bespoke sanctuary for living, working, and gathering. The development aims to enhance the neighborhood’s walkability and natural charm. W.A. Spencer Morris, President of The Allen Morris Co., emphasized the project’s long-term vision to deliver a thoughtfully designed destination that sets a new standard for quality and integration.
Architectural Design and Offerings
The development will feature two distinct buildings. A five-story, 100,000-square-foot trophy office tower will stand alongside a three-story residential building comprising 18 ultra-luxury condominium residences. Approximately 45,000 square feet of ground-floor retail space will activate the street level.
Designed by Oppenheim Architecture with interiors by Collarte Interiors, Ziggurat will incorporate natural stone, lush landscaping, and modern architecture. Open-air paseos will lead to a central courtyard filled with bistros, boutiques, and wellness offerings. The office tower’s rooftop will host a restaurant and lounge with views of Biscayne Bay.
Luxury Residences and Community Impact
The residential component, exclusively represented by ONE Sotheby’s International Realty, offers residences ranging from approximately 1,254 to over 5,000 square feet. Prices range from $3.5 million to $15 million. These homes will overlook the soon-to-be-revitalized Kirk Munroe Park, which is slated for an $8 million renovation through a partnership between The Allen Morris Co. and the City of Miami.
Daniel de la Vega, President of ONE Sotheby’s International Realty, highlighted Ziggurat’s emphasis on experience and authenticity, reflecting the character of Coconut Grove while meeting the demands of today’s buyers.