Two Coconut Grove retail stores on Commodore Plaza trade at $1,100,000 representing $521/SF.
Billy Planes, CCIM with RE/MAX Commercial sold the assets of two retail stores, which are part of the Commodore Centre Building, to an affiliated company to Pointe Group. The plaza is located at 3121 Commodore Plaza, in Coconut Grove, Fl. Billy Planes, CCIM has managed this asset since 2011.
After being put on hold due to the recession , a huge mixed-use development project in the heart of Coral Gables is scheduled to move forward. The Mediterranean Village Development project is under way once again. Mediterranean Village is set to have 227 residences, 180 hotel rooms, plus 318,000 square feet of office and retail space, including restaurants.