Vita Residences at Grove Isle Tops Off Construction
Grove Isle, a tranquil and exclusive 20-acre private island just off Miami’s Coconut Grove neighborhood, is welcoming its first new residential development in decades. The CMC Group, led by renowned developer Ugo Colombo, has officially topped off construction of Vita Residences at Grove Isle, a highly anticipated 65-unit luxury condominium. This significant milestone is part of a grand vision to reshape the island’s residential landscape, with completion set for late 2025.
Vita Residences at Grove Isle is no ordinary development. Nestled within the serene waterfront setting, the seven-story building comprises three interconnected structures that form a cohesive, elegant design. Located at 5 Grove Isle Drive, the development offers an exclusive island lifestyle just minutes from the bustling Coconut Grove neighborhood, one of Miami’s most desirable residential enclaves.
Despite its ongoing construction, Vita Residences at Grove Isle has already secured strong interest, with nearly 80% of its units under contract. The majority of buyers are from the United States, demonstrating the continued demand for luxury living in Miami, especially in areas like Coconut Grove. The development’s allure lies not only in its luxurious amenities and design but also in its prime location, offering unobstructed views of Biscayne Bay.
Ugo Colombo, the visionary behind CMC Group, expressed his excitement about the project’s progress, saying, “Seeing Vita at Grove Isle take shape is a fulfillment of our vision for future residents and the future of Grove Isle itself. This development will offer an exclusive private-island lifestyle, combining the unparalleled water views and unique location with the comfort and luxury of homes, all within the convenience of a condo.”
The residences at Vita at Grove Isle are designed with high-end finishes and craftsmanship throughout, with three-, four-, and four-plus-den-bedroom layouts available. The crown jewels of the development are the 12 exclusive penthouses, each featuring a private rooftop pool. Prices start at around $6 million for standard units, with penthouses priced at approximately $19.5 million.
The Vita development brings not only luxury residences but also a range of island-wide upgrades. Significant improvements to the island’s roadways, signage, and guardhouse are planned. Residents will enjoy access to a variety of amenities, including a bayfront pool, fitness center, spa, and a private members-only club offering tennis and pickleball courts. Additionally, a public restaurant and marina will be integrated into the development, providing both residents and visitors with waterfront dining and leisure.
In early 2024, CMC Group secured $239 million in construction financing from Bank OZK, ensuring the smooth progress of the project. The design team includes renowned architecture firm CallisonRTKL, local architects S & E Architects, and world-class interior designers Carlo and Paolo Colombo of A++ Architecture, further highlighting the development’s commitment to quality and luxury.
Vita at Grove Isle is poised to become a standout addition to Miami’s high-end real estate market. Grove Isle has long been known for its exclusivity and stunning views, and this new development will enhance its reputation as one of Miami’s premier residential destinations. Minutes from the vibrant districts of Brickell, Miami Beach, and Coral Gables, Vita at Grove Isle offers the perfect blend of serene island living and easy access to Miami’s best dining, shopping, and entertainment.
CMC Group’s track record of excellence in luxury development continues with Vita at Grove Isle, joining the ranks of its previous projects like Bristol Tower, Santa Maria, and Brickell Flatiron. With the recent completion of Onda Residences in Bay Harbor Islands, CMC Group continues to push the boundaries of luxury living in Miami.
