Allen Morris Co. To Move Headquarters To New Mixed-Use Project In Coconut Grove
The Allen Morris Co. has been searching for a development site in Coconut Grove for nearly five years, and it finally sealed the deal for a mixed-use project where it plans to move its headquarters.
The Coral Gables-based developer announced plans for an office, retail and luxury condo project at 3101 Grand Ave., where the Espinosa family has owned and operated Coconut Grove Laundry & Cleaners for more than 60 years.
Spencer Morris, president of the Allen Morris Co., told Bisnow that his firm first connected with the Espinosa family in 2019, discussing a potential development on the 1.7-acre site, and formal negotiations started last year.
“I think we have an aligned vision of what we want to see here,” Morris said. “Something that’s going to be a legacy for the community, and we both intend to own this project together long-term.”
Allen Morris announced that it plans to build an unnamed project with a five-story, 100K SF office building and a three-story luxury condo building, with 40K SF of ground-floor retail space in the two buildings and a rooftop restaurant that overlooks Biscayne Bay. The condo building is planned to hold 20 “ultra-luxury” units priced between $2.5M and $8M.
Morris declined to comment on the projected cost of the development, but he said he expects to start construction in the third quarter of 2025 and deliver by the end of 2027.
Allen Morris plans to move its headquarters to the new office building, occupying 15K SF. The development and investment groups would move to the building, while Morris would keep the existing HQ as a family office in Alhambra Towers in Coral Gables, which it developed in 2001.
“Moving our corporate offices to Coconut Grove is also a defining moment in our 66-year history,” Morris said in a statement.
The Espinosa family has owned the site of their laundry business since 1961, according to the release. The family plans to open a new off-site location in Coconut Grove. But once the Allen Morris development is complete, the Espinosas plan to operate a drop-off and pickup point in a smaller lobby area on-site, Morris said.
“Our desire was to create something we could take pride in — an endeavor that leaves a meaningful and lasting legacy for future generations, and we believe we have found the best partner possible in Allen Morris Co. because of their commitment to embrace and preserve the Grove’s uniqueness,” an Espinosa family representative said in the release.
The Espinosa family didn't respond to Bisnow's request for comment.
Office leasing will be managed by Cushman & Wakefield’s Ryan Holtzman, Andrew Trench and Brian Gale, alongside the Allen Morris Co.’s Thad Adam. Condominium sales will be run by One Sotheby’s Saddy Delgado, and retail leasing will be led by Vertical Real Estate’s Daniel Cardenas and Michael Sullivan.
