Ugo Colombo Plans To Build Four Seasons Coconut Grove

 
Just as Ugo Colombo prepares to deliver Vita at Grove Isle relatively soon, it looks like he’s already planning his next steps in Coconut Grove, and they are exciting! We will more than likely be getting a Four Seasons Coconut Grove soon, according to The Real Deal.

Sources have revealed that CMC Group has partnered with Nadim Ashi’s Fort Partners, who owns all of the Four Seasons-branded properties in Florida. Neither reps from CMC Group or Fort Partners have officially commented, but The Real Deal isn’t a publication to just make things up, so this is quite exciting!

What We Can Verify

The new tower is coming. CMC Group does own the building by his own admission and shows in the tax rolls. The site, which is just over an acre shows to be owned by an LLC with the mailing address of CMC Group’s office address.

A demolition permit was filed back in 2016-2017, back when the property was held by MAST Capital and some of the neighbors were unhappy.

It is unclear whether MAST Capital moved on from the property due to this or other factors, but they sold the investment firm that holds the property to CMC Group in 2020 according to The Real Deal.

Whatever happens, it will most definitely be an ultra-luxury tower. The site is surrounded by the likes of Grove at Grand Bay, Park Grove, and The Residences at The Ritz-Carlton Coconut Grove, so a luxurious development like a Four Seasons Coconut Grove would fit right in on the street. It is also just in between Regatta Park and Cocowalk, so there will be plenty of entertainment options.

This is indeed very exciting. We will make sure to keep up with every detail we can in order to let our fellow Groveites stay informed.

Image Credit: 13th Floor Investments