As other luxury condo developers are pulling back, ROVR Development is unfurling its plans for The Fairchild Coconut Grove, a boutique luxury condominium set to soon rise on the Coconut Grove waterfront.
The five-story Fairchild, with 26 residences, is the only waterfront development going up in the Grove, said Oscar Rodriguez, who is developing the project with Ricardo Vadia, both principals of ROVR. ROVR amassed the one-acre parcel through the acquisition of the former Bay Colony Condominiums, in the Grove’s Glencoe neighborhood.
Coconut Grove architect Max Strang ensured that The Fairchild will have a decidedly Grove feel, Rodriguez said. Incorporated in the design is local oolite limestone, native wood accents and clean white stucco as well as expansive outdoor terraces and private gardens. The sleek and modern inside spaces will be designed by Rafael de Cárdenas.
“In this day and age of concrete jungles and high rises and living with 300 or 400 other people, this provides an alternative for the person that wants more of a private experience,” Rodriguez said.
Dedicated elevators will lead to two to four bedroom residences ranging from 1,700 to 4,200 square feet, with prices from $1.4 million to $4.5 million, or starting out at about $823 per square foot. The Fairchild is scheduled to break ground in early 2017 and construction will take about a year and half, Rodriguez said. Sales and marketing, now underway, is being exclusively handled by ONE Sotheby’s International Realty.
The Fairchild, at 3581 E. Glencoe St., will also feature a spa, two rooftop decks, a pool and a bayfront deck that includes private boat slips available for purchase.
