Coconut Grove welcomes Boutique Hotel Brand Mr C!

Venice, Beverly Hills, NYC and now…. Coconut Grove. The Ciprianis are coming to the Grove! The brand new 5 star hotel under construction in Coconut Grove will be operated by the Cipriani family’s boutique hotel brand; Mr. C. The hotel just announced that the property is officially accepting guest reservations for its Spring 2019 opening.

Under construction since last year, the project is being developed by the Fort family and Arquitectonica founding principal Bernardo Fort-Brescia. It is located on a narrow lot next to the group’s renovation of the historic Engle Building at the southeast corner of McFarlane Road and Main Highway.

The Coconut Grove Grapevine reported that the hotel draws inspiration from Italy’s coast and has a nautical feel and look. Many locals say it looks like a cruise ship.

According to their brochure, “The interior design includes high gloss timber paneling, leather-upholstered blue and caramel headboards, nautical style dressers, playful and comfortable sofas and armchairs in a range of soft and airy blue, and white and pink fabrics throughout the space.”

In addition to its 100 guest rooms and suites with private outdoor terraces, the new hotel also features the Bellini Restaurant and Bar, on the hotel’s top floor. The restaurant will have a new Italian dining concept inspired by Ignazio and Maggio Cipriani’s travels throughout Italy, and offers indoor and outdoor seating that exudes coastal Italy.

“It is with great pleasure that we are able to unveil Mr. C Coconut Grove to the community this Spring,  Our partners and associates have enhanced our vision and helped to bring this exciting project to life in such an iconic neighborhood as Coconut Grove.”

-Ignazio Cipriani, Founder/President of Mr. C Hotels.

An Economically Healthy Neighborhood

The Grove indeed is iconic and is transforming its core into a cozy village center. Together with the Coconut Walk, which is currently under construction, Mr C will ensure more dining and entertainment options for Grovites.
The David Siddons Group recently introduced its Neighborhood Economic Health Score. This tool is developed as an index to measure a neighborhood’s economic health. Using the human body as the perfect metaphor, you can measure a person’s health, but you cannot guarantee someone will always stay healthy. This neighborhood health score indicates the current economic health of an area and its likelihood to fall ill or to be susceptible to illnesses. So this score does not predict the future, it merely provides the current status of a market and provides you with an indication of the market’s defense mechanism aka: its strength to process future hits. It is not about bear or bull markets. It’s about the market’s elasticity;  about robustness and resilience of the market against economic change. A low score can present a world of opportunities at the right offer. 

Click here to see what this score means

Coconut Grove is a robust and resilient Market

The score provided here is an average of all the different scores within Coconut Grove. We looked at 5 price ranges within the Grove and gave each one a score. We then took the average from these 5 scores. The different price ranges might vary significantly in score. Furthermore, each score comes with an explanation to put things into perspective.  Please download our 2019/2020 Miami Real Estate Forecast for all the details on these different health scores for Coconut Grove and other Miami neighborhoods.