OPUS Coconut Grove, an exclusive boutique project of 14 residences approved for short-term rentals, has secured a $28.8 million construction loan from Los Angeles–based Arixa Capital. This financing ensures that the development is backed with the resources necessary to move forward with precision, integrity, and architectural excellence. Andrew Rasken, CEO of META Development, stated: “This financing is more than just a milestone; it validates our ‘Go Boutique’ philosophy and reflects the growing demand for design-driven residences in Miami.”

With funding now secured, the team is moving into its next phase: demolition, vertical development, and ultimately the delivery of a truly distinctive residential experience in Coconut Grove.

With only 12 residences and 2 penthouses, OPUS offers villa-inspired design, a seamless indoor-outdoor flow, and carefully curated amenities. The homes are designed by renowned architect Kobi Karp and Brazilian architect and interior designer João Armentano. Approved for short-term rentals, the project combines the privacy of boutique living with flexible ownership options that appeal to both end-users and investors.

Known as Miami’s oldest neighborhood, Coconut Grove has evolved into one of the city’s most sought-after residential enclaves, prized for its lush tree canopy, historic charm, and proximity to Biscayne Bay. Residents enjoy a walkable lifestyle with access to waterfront parks, sailing clubs, top-rated schools, and a vibrant dining and retail scene anchored by CocoWalk. Its blend of tranquility and connectivity—just minutes from Brickell, Coral Gables, and Miami International Airport—makes Coconut Grove an enduring destination for luxury living.

Miami-based META Development reimagines residential living through low-density, design-centric projects. From OPUS to the upcoming Colette in Brickell, the firm’s vision is rooted in individuality, privacy, and architectural integrity.