Terra Group closes on the Miami Parking Authority's Oak Avenue Garage across the street from its luxury Park Grove development in Coconut Grove.
January 27, 2016 at 10:00 AM
1 minute read
Terra Group scooped up a public parking garage in Miami’s Coconut Grove neighborhood for $16 million.
The Miami Parking Authority built the Oak Avenue Garage at 2860 Oak Ave. in 2000 and has owned it since. On Jan. 22, the parking authority’s Off-Street Parking Department closed a deal with Terra 2850 Mary Venture Partnership LP, an affiliate of the Miami-based developer.
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