Residences in the Grove was the working name for the Terra and AB Asset Management condominium planned at 2835 Tigertail Avenue in Coconut Grove. The original scheme called for a five-story building with 148 residences, designed by Arquitectonica around a coral rock facade and about 22,000 square feet of wellness-focused retail. Plans changed. The project was rebranded as THE WELL Coconut Grove, an eight-story, 194-residence wellness development that broke ground in 2026 with a planned delivery in late 2028. If you are searching Residences in the Grove today, you are looking for the same Tigertail Avenue site under its new name, and the for-sale story continues there.
Residences in the Grove Frequently Asked Questions
What happened to this project?
It was renamed and redesigned. Terra and AB Asset Management acquired the Tigertail Avenue site in 2021, secured $43.2 million in construction financing in 2023 for a five-story, 148-unit building, and later repositioned it as THE WELL Coconut Grove with Arquitectonica still on the architecture and Meyer Davis on interiors.
Who is developing the site?
A joint venture of Terra Group, the Coconut Grove-based developer led by David Martin, and AB Asset Management. Terra has shaped much of the modern Grove, including the Park Grove towers with the Related Group, and is also behind Grove Central nearby.
What was the original design?
Arquitectonica designed a five-story boutique building centered on a coral rock facade, with sustainable features meant to sit under the Grove's tree canopy. Interiors and amenity programming leaned wellness: a gym, pool, social lounge, and roughly 22,000 square feet of health-oriented street-level retail, with parking tucked underground.
What is the project called now?
THE WELL Coconut Grove. The rebranded eight-story development carries 194 condos from about 960 to 4,200 square feet, priced from roughly $1.5 million, with wellness programming including a 40,000-square-foot rooftop deck, pickleball, a tea garden, and IV therapy in the conservatory. Half the units were reportedly pre-sold at groundbreaking.
Can I still buy here?
Yes, through the rebranded project. The original Residences in the Grove sales effort converted into THE WELL Coconut Grove's pre-construction sales. This is a for-sale play, not a rental building: pre-construction condos in this segment rarely permit short-term leasing, and the buyer base here is end users and long-hold investors.
Where exactly is the site?
2835 Tigertail Avenue, Miami, FL 33133, directly across from the Related Group's headquarters. The location sits between the village center and the bay, minutes on foot from the shops at CocoWalk and the bayfront lawns of Peacock Park.
Residences in the Grove Key Facts
- Address: 2835 Tigertail Avenue, Miami, FL 33133
- Neighborhood: Coconut Grove
- Developers: Terra Group and AB Asset Management (joint venture)
- Architect: Arquitectonica
- Original plan: 5 stories, 148 residences, ~22,000 sq ft wellness retail
- Current status: Rebranded as THE WELL Coconut Grove; 8 stories, 194 condos, planned late 2028
- Positioning: For-sale pre-construction
From Residences in the Grove to THE WELL
Name changes worry buyers, but here the rebrand was an upgrade in ambition. The original Residences in the Grove plan targeted the Grove's missing middle: a low, five-story building of studios to three-bedrooms with wellness retail at the street. When Terra and AB Asset Management repositioned it as THE WELL Coconut Grove, the wellness thread became the whole brand, with Arquitectonica staying on design and Meyer Davis brought in for interiors. Follow the for-sale story on this site's THE WELL Coconut Grove page, which tracks the current eight-story scheme.
The financing trail tells you the developers are serious. The joint venture paid $21.7 million for the 2.2-acre site in 2021, then secured $43.2 million from City National Bank of Florida and KS Finance for demolition and site work in 2023, a deal covered here: Terra and AB lock down financing for Residences in the Grove. Terra's Grove track record runs deep, from Park Grove to Grove Central, and the firm's design-first approach is profiled here: Terra Group and David Martin.
The Tigertail Avenue corridor
Tigertail runs through the Grove's residential spine, and 2835 sits in the sweet spot between the village and the water. The Related Group's headquarters faces the site across the street, a reminder of how much development gravity this corridor carries. Daily life means CocoWalk for shopping, dining, and the movie theater, Peacock Park for bayfront green space, and the Grove's restaurant row along Main Highway and Commodore Plaza.
Buyers comparing new Grove product should also tour the Ziggurat Coconut Grove and The Lincoln Coconut Grove pages for the other fresh addresses in the neighborhood, plus OPUS Coconut Grove for another design-led option. The groundbreaking coverage with the latest unit mix and pricing is here: THE WELL Coconut Grove breaks ground at 2835 Tigertail Ave.
