Updated: Jun 21, 2019
The Miami Herald published this news story on Metronomic's Grand Plaza Acquisition earlier this morning, a followup to our exclusive cover story published on Nov 27, 2018. Click HERE to view the exclusive story.
Excerpt of Article in the Miami Herald by Andres Viglucci published on Jun 20, 2019
A little-known developer promised to remake the West Grove. Now he says he’s ready to go.
A little-known developer with big plans to redevelop a stretch of West Coconut Grove’s distressed main drag says he has closed on several parcels and is ready to start building.
Ricky Trinidad, president of Metronomic, Inc., a firm with a handful of small projects to its name, startled Miami’s development community last year when he unveiled a $74 million blueprint to erect a dozen mixed-use buildings along Grand Avenue, the commercial heart of the historically black community.
His most fanciful flourish: a plan for a landing pad atop one building for passenger drones, a technology he says is now under development.
Trinidad, who previously announced he had signed a $25 million contract to buy 15 sought-after lots along Grand, said this week he has closed on the purchase of four of those parcels, on the 3300 block of Grand, for $6.3 million. Trinidad said he will hold a ceremonial groundbreaking later this month for the first building in his Grand Plaza plan, a five-story “luxury” rental apartment building with 20 units and two ground-floor retail spaces. The building will include a parking garage with car lifts. READ FULL ARTICLE HERE.
Learn more about the Grand Plaza project by visiting www.whatisgrandplaza.com
“Grand Plaza will be a community-oriented, technology-driven, sustainable and innovative development that will create a significant social and economic impact on the community of Coconut Grove,” Trinidad said in a statement. “And as a mission-oriented company, we are committed to creating a well-balanced and thriving corridor along Grand Ave for all its residence to enjoy.”