Terra and Mayfair Advisors complete Mary Street office/retail complex

Terra and Mayfair Advisors complete Mary Street office/retail complex
Terra and Mayfair Advisors complete Mary Street office/retail complex
Mary Street Office and Retail Complex
(Photo courtesy: Terra)

With Miami’s Coconut Grove regaining its appeal as a thriving residential, restaurant and shopping district, two of the neighborhood’s deepest-rooted developers have successfully completed the construction of Mary Street, a contemporary mixed-use office and retail development in the heart of the Grove’s commercial district.

Developed by Terra in partnership with Mayfair Advisors, the Touzet Studio-designed building includes 77,840 square feet of Class A office space that is 100 percent leased, reimagined retail storefronts at street-level, and a 340-space parking garage. The property, located at 3310 Mary St., recently received its temporary certificate of occupancy, clearing the way for tenant build-outs to begin.

Anchoring Mary Street’s office component is long-time Coconut Grove tenant CPA advisory firm Kaufman Rossin, which will occupy 64,666 square feet in the building. Nearly 300 Kaufman Rossin employees will be based in this location starting in mid-2020. Terra’s new corporate office will occupy 13,174 square feet in the building as well. Prime retail and restaurant space occupy the building’s ground floor.

Mary Street, along with Terra’s nearby Grove at Grand Bay and Park Grove luxury condominium towers, continues a trend of design-driven development that reflects Coconut Grove’s strong residential demographics and allure as one of South Florida’s most walkable urban neighborhoods.

“Coconut Grove is not only Miami’s most historic urban neighborhood, but also one of the few communities in South Florida where people can live, run a business, and enjoy lifestyle amenities such as restaurants, retail and entertainment options all within walking distance,” said David Martin, president of Terra. “Terra has helped retain the neighborhood’s live-work-play vibe through sustainable development on infill sites, an approach that is helping to preserve the Grove’s appeal while minimizing impact on the environment.”

The building’s design by Touzet Studio transformed what was an existing parking garage into a modernist structure featuring a terracotta brise soleil with vertical patterns that mirror the contours of a seashell, and reimagined retail storefronts that enhance visibility and accessibility from the street.

Touzet Studio has spearheaded the design of some of Miami’s most notable properties, including Wynwood Plant, a new mixed-use development in Miami’s Wynwood neighborhood, and Brown Jordan’s flagship store in the Design District.

“Our design for Mary Street is inspired by the same characteristics that have long defined Coconut Grove — walkable tree-lined streets, the relationship with the water, and an embrace of arts and culture,” explained architects Carlos and Jackie Touzet. “By approaching this as an adaptive reuse project, we were able to preserve the village-like vibe at street level while creating unique office spaces above and reducing our impact on the community. The result is a design that respects its surroundings and enlivens the neighborhood, rather than changing it.”

The origins of Mary Street date back to the joint venture’s purchase of an underperforming parking garage from the City of Miami in 2016. Proceeds from that sale were set aside for the development of two new parking garages in Coconut Grove, improved lighting in the district, the purchase of a new City of Miami trolley that is servicing the neighborhood, and the burying of underground power lines.

The development’s revamped retail program totals approximately 16,766 square feet of frontage along Mary, Oak and Rice Streets catering to chef-driven restaurants with café seating and retailers serving Coconut Grove’s growing population of residents, visitors and daytime workforce. Signed tenants include Jaguar Therapeutic, OXXO Cleaners, AIDA restaurant, The Workout Spot, and Coconut Grove Smile.

In addition to ample above ground parking, amenities at Mary Street include a state-of-the-art lobby for office tenants and guests, 24-hour security, covered valet and drop-off areas, and dedicated elevators with direct office access. Electric car charging stations, bicycle stations and bicycle storage also are available.

For retail leasing opportunities, contact Samuel Noddle of the Comras Company at 786-724-1009 or snoddle@comrascompany.com. Learn more at www.marystreetcoconutgrove.com.

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