In April 2014, Paragon Group purchased a 1 acre parcel adjacent to the metrorail station in Coconut Grove (Grove Station). Paragon purchased the property for $1.2 million and increased the density from T-3 to T-4 in 2015. Prior to starting construction on the project, Paragon was approached by a Brazilian development company and sold the parcel in 2017 for $2.8 million yielding an average ROI of nearly 45%.