The Lincoln Coconut Grove began construction in June 2026 at 3151 Southwest 27th Avenue. The address becomes 2650 Lincoln Avenue when the building opens.
The project carries 48 condominiums across eight storeys on a 20,970 square foot site. Lore Development Group and Element Development bought the parcel for $8.56 million in 2023.
SME Capital supplied a $58 million senior construction loan in September 2026. The term runs 30 months and carries two six-month extensions. Berkadia arranged the debt. That works out to $1.21 million of loan against each home.
Nineteen of the 48 residences were under contract when construction started. One Sotheby's International Realty runs sales. Prices start at $1.5 million.
The homes run from 1,323 to 3,073 square feet. Paredes Architects designed the building. Design Philosophy handled the interiors. Winmar Construction is the general contractor.
Delivery is scheduled for the third quarter of 2028. The tracker record behind these figures was verified on 28 October 2026.
That tracker counts 87 projects and 32,680 residences and keys across its Miami database. Four comparable projects sit within a mile. OPUS Coconut Grove is 0.1 mile away and due in 2027. Four Seasons Private Residences is 0.3 mile away and due in mid 2028. Arbor Coconut Grove opened in March 2026 at 0.4 mile. Roble One Coconut Grove is 0.9 mile away and due in late 2026.
Eight hotel properties sit within 800 metres of the site. Courtyard Miami Coconut Grove is the nearest at 197 metres. Residence Inn Miami Coconut Grove follows at 230 metres, then The Ritz-Carlton Coconut Grove at 296. Mayfair House Hotel and Garden sits 593 metres out. A Hampton-branded property measures 665 metres, The Mutiny Hotel 672, Hotel Arya 704 and Mr. C Miami 783.
Southwest 27th Avenue serves the site and those eight properties.