Meta Breaks Ground on Opus, a 14‑Unit Boutique Condo in Coconut Grove, After Securing a $28M ConstructionLoan

Key Points

• $28 million secured from Los Angeles–based Arixa Capital for construction of a 14-unit boutique condominium in Coconut Grove. 

• Opus is already over 50% pre‑sold, with units starting at $2.8 Million for approximately 1,900 sq ft residences. 

• High-end amenities include a rooftop pool, spa, business suites, children’s center, autonomous parking with EV bays, and architecture by Kobi Karp with interiors by João Armentano. 

Meta Development is officially breaking ground on Opus, a boutique luxury condominium in Miami's Coconut Grove, backed by a $28 million construction loan. This project marries elegant design with exclusivity, positioned to appeal to discerning buyers seeking stylish, community‑focused living.

Financing & Developer Strategy

• Loan milestone: Arixa Capital, based in Los Angeles, financed Opus with $28 million, affirming confidence in the “Go Boutique” philosophy Meta Development champions—emphasizing tailored, design-forward luxury over scale. 

• Developer’s vision: CEO Andrew Rasken says the loan “is a validation of our ‘Go Boutique’ philosophy… poised to set a new standard for boutique luxury in Coconut Grove.”

Design & Pre‑Sales

• Limited‑edition scale: Opus comprises 12 residences plus 2 penthouses, all starting at $2.8 million and approximately 1,900 sq ft, with more than half already sold. 

• Architectural pedigree: Kobi Karp leads architecture while Brazilian designer João Armentano curates interiors—together forging an “urban‑organic” aesthetic that blends privacy, seamless indoor‑outdoor flow, and natural materials. 

Amenities & Location

• Luxury amenity suite: Rooftop pool and lounge, dining with BBQ, fitness center, full spa (sauna, steam, massage), business lounge, children’s center, autonomous parking (by Klaus) including EV charging bays, private wine cellars, 24‑hour concierge, valet, and security. 

• Prime Coconut Grove location: Situated near Cocowalk, Michelin‑starred restaurants, marinas, and top schools—making it attractive to both relocators and affluent locals downsizing or seeking private condo living. 

Broader Context & Developer Pipeline

• Meta’s strategic footprint: Opus underscores Meta Development’s pivot away from high‑rise models in favor of boutique residences. Another project—Colette, a 5‑story, 38‑unit condo in Brickell—is in the pipeline. 

• Investor positioning: Meta targets buyers seeking privacy, architectural refinement, and designer craftsmanship in Miami’s most sought-after neighborhoods—setting itself apart from branded tower developments.

Meta Development’s securing of a $28 million construction loan for Opus marks a critical step for boutique luxury in Coconut Grove. With high pre‑sales, a top-tier design team, and a curated amenity mix tailored to sophisticated buyers, Opus exemplifies the growing demand for exclusive, design-driven residences in Miami. As the project gears up for completion in 2027, it reinforces the trend toward personalization, architectural integrity, and experiential living—elements investors and brokers alike should monitor as Miami’s luxury market evolves.