News

January 27, 2020

| The Real Deal

Condos at Mr. C Residences in Coconut Grove will start in the $600Ks

Developer David Martin is launching sales of Mr. C Residences, months after revealing plans for the luxury condo project in Coconut Grove.

The 20-story, 118-unit development will have condos ranging from 650 square feet to 3,645 square feet. Pricing will range from the low $600,000s to more than $5 million.

Martin’s Terra and Ignazio and Maggio Cipriani’s Mr. C will host a grand opening of the project’s sales gallery next week. The sales center, at 2640 South Bayshore Drive, features interiors by Meyer Davis, with glossed walnut cabinets, terrazzo and Mr. C branding. It will open on Feb. 5.

Douglas Elliman is handling sales and marketing, led by Executive Vice President and Managing Director Cathy Strafaci, with Senior Sales Director Susan Trevisa, Sales Director Ishmael Perez, and sales executives Giorgio Vecchi, Dario Stoka and Sari Libbin.

The condo tower, designed by Arquitectonica, will be the first major residential project for the Mr. C brand. The hospitality brand will manage the food and beverage operations, including a gourmet market and cafe, Martin previously said.

Last year, Mr. C opened a hotel nearby at 2988 McFarlane Road, on a property owned by the Fort family, which owns Arquitectonica.

Mr. C Residences will be built near two Terra developments, Grove at Grand Bay and Park Grove. The project will also have ground-floor retail space, and will be near Regatta Harbour, which is under construction at 3385 Pan American Drive.

Though the Miami condo market is in a slowdown, a few developers have decided to move forward with their projects and launch sales. In January, Multiplan Real Estate Asset Management began sales of Ocean Park South Beach, a 10-unit project on Ocean Drive in Miami Beach.

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