Coconut Grove’s Roble One to Break Ground, Offering Rare Daily-Rental Condos

Key Points

• 16-unit boutique condo launching June 5 at 3069 Plaza Street, Coconut Grove

• Zoned for daily rentals—a rare setup in the Grove, boosting investment potential

• Two-bedroom units starting at $780K, with completion expected in 2026

In a significant development for Coconut Grove, Roble One is set to break ground on June 5, introducing a rare opportunity in the local real estate market. This 16-unit boutique condominium stands out as one of the few new constructions in the area zoned for daily rentals, offering flexibility for investors and homeowners alike. Located at 3069 Plaza Street, just steps from Coral Gables, Roble One aims to blend modern design with the neighborhood's historic charm.

Zoning Goldmine for Short-Term Rental Investors

• Roble One is among the very few new developments in Coconut Grove permitted for daily rentals, making it a standout investment opportunity in an otherwise restrictive zoning landscape.

• The developers capitalized on a zoning variance that allowed them to build 16 units instead of two townhomes—maximizing both density and income potential.

• This flexibility significantly broadens the buyer pool, attracting not only end-users but also Airbnb-style investors priced out of similarly liberal markets like Miami Beach or Wynwood.

Boutique Build, Prime Location

• SSA Group (Grupo SSA), the developer behind Roble One, has a global footprint with 30+ projects across three continents, bringing international experience to this hyper-local build.

• The property is located minutes from Coconut Grove’s retail district and adjacent to Coral Gables—two of Miami's most desirable and walkable enclaves.

• Architect Atelier 305 and builder BEC Group Services are combining modern urban aesthetics with materials and scale that complement the area’s tree-lined, low-rise charm.

Pricing, Timeline, and Buyer Profile

• Two-bedroom condos start at $780,000, positioning the project as accessible to both affluent local buyers and out-of-state investors.

• Completion is expected by 2026, with pre-sales now underway and marketing handled by The Opes Group at Compass.

• Backed by a $7.87 million construction loan from Intercredit Bank, the project is well-capitalized for delivery.

Why Roble One Signals a Shift in Grove Development

Coconut Grove has long resisted the short-term rental tide, favoring residential stability over transience. Roble One’s approval—and enthusiastic reception—marks a potential pivot, especially as investor appetite for flexible-use properties continues to swell. The project blends boutique scale with revenue upside, a formula that could redefine future infill development in the Grove.