The Lincoln in Coconut Grove Secures $58M Construction Loan for 135 Apartments and Retail

A new mixed-use development, The Lincoln, secured a $58 million construction loan, paving the way for 135 new apartments and retail space in Coconut Grove. The project, located at 3145-3165 SW 22nd Street, includes 15 affordable housing units.

MMG Equity Partners and MV Group are developing The Lincoln. The ground floor will feature 12,000 square feet of retail space, adding new options for local shoppers and businesses. Ocean Bank provided the construction loan.

Residents of The Lincoln will have access to amenities such as a rooftop pool, a fitness center, and a co-working space. This development aims to address the growing demand for housing and commercial spaces in Coconut Grove.

The project's completion will bring new residents and economic activity to the area, potentially impacting local traffic patterns and community services. The addition of affordable housing units also addresses a critical need within the community.

Construction is expected to begin soon, with details on project timelines and specific retail tenants to be announced as the development progresses.