Miami’s Coconut Grove Grows from Birkenstocks to Billionaires

Wall Street Journal, Jan. 28, 2016–Chen, Stefanos

Prices for some units in Park Grove’s under-construction towers are expected to top $1,900 a square foot-a city of Miami record. Coconut Grove’s priciest home, a historic estate listed for $47.5 million, is likely to be torn down as the value really lies in its 6.9 acres, agents say.