Grass River
- Company typePrivate
- Founded2013
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Grass River firmographics
Firmographics- Name
- Grass River
- Legal name
- Grass River
- Website
- https://grassriver.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Grass River is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Grass River business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain, Others
Revenue model
- Real Estate Development and Property Sales: Grass River generates revenue through acquisition, development, repositioning, and sale of commercial real estate assets across multiple asset classes including multifamily, office, retail, and hotel properties.
- Asset Management Fees: The firm manages investments for institutional investors, public companies, pension funds, and high-net-worth individuals, earning asset management fees on portfolios spanning several million square feet of assets.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Grass River product offering
Product offeringCore offering
Grass River is a commercial real estate development and investment firm that acquires, develops, repositions, and sells multifamily, office, retail, and hotel properties in South Florida growth markets. The firm also provides asset management services to institutional investors, public companies, pension funds, and high-net-worth individuals, managing a diverse portfolio of several million square feet across asset classes. Its portfolio includes ground-up mixed-use developments, adaptive reuse conversions (e.g., office-to-hotel), and repositioning of underperforming retail centers.
Product overview
Grass River is a real estate development firm, not a technology company. The company develops, owns, and operates commercial real estate across multiple asset classes including multifamily, office, retail, and hotel properties in South Florida. Their portfolio consists of individual real estate properties such as Aloft Miami Airport hotel, CocoWalk retail center, Grove Central mixed-use development, Grove Station Tower multifamily building, and Shoppes of Wilton Manors retail property. No technology products, software, or digital services are offered.
Differentiator
Problem solved
Functional benefit
Products and services
- Aloft Miami Airport 125-key Aloft-branded hotel (Marriott) located northwest of Miami International Airport, developed through adaptive reuse conversion of a vacant 75,000 SF office building acquired in June 2014. Includes ground-lease outparcel to Pollo Tropical and standalone tandem retail building leased to Starbucks and Chipotle. Opened February 2017.
- CocoWalk 198,000 SF urban lifestyle retail center in Coconut Grove, Florida, redeveloped through a joint venture with Federal Realty and The Comras Company. Redevelopment included demolition of the eastern wing, construction of a four-story 80,000 SF Class A office building over ground floor retail, and repositioning of the remaining GLA through retenanting, rebranding, and capital improvements. Completed Q3 2020.
- Grove Central
Quantifiable outcome
- LNR's $1+ billion sale to affiliates of Starwood Capital in 2013
- +4 more outcomes
Companies that use Grass River
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Grass River technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Grass River partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Federal RealtycoreFederal Realty partnered with Grass River in a joint venture to purchase and redevelop CocoWalk, a 198,000 SF urban lifestyle retail center in Coconut Grove, Florida. The partnership completed the development in Q3 2020, including demolishing the eastern wing and building a four-story, 80,000 SF class A office building over ground floor retail.
- The Comras CompanycoreThe Comras Company joined Federal Realty and Grass River as a joint venture partner for the CocoWalk redevelopment project. The development included repurposing the existing neighborhood town center through retenanting, rebranding, and substantial capital improvements.
Scale indicators7 records
Recent moves6 records
Expansion highlights3 records
Grass River competitors and assessment
Company assessmentDirect peers
- Mast Capital: Miami-based real estate investment and development firm focused on South Florida opportunistic and value-add deals. Comparable to Grass River's repositioning strategy and regional concentration.
- Property Markets Group (PMG): South Florida-rooted developer of luxury residential and mixed-use projects. Comparable to Grass River in targeting South Florida growth corridors and partnering with institutional capital for development.
- Newgard Development Group: Miami-based luxury condominium and mixed-use developer with a similar focus on transit-oriented and urban infill projects in South Florida. Comparable in scale, geography, and repositioning orientation.
- Federal Realty Investment Trust: Public REIT and existing JV partner of Grass River on the CocoWalk redevelopment. Comparable in mixed-use and retail repositioning strategy and a direct operating partner in the South Florida market.
- Crescent Heights: Miami-headquartered residential and mixed-use developer active in South Florida luxury and multifamily markets. Comparable in regional focus and product type to Grass River's multifamily and mixed-use developments.
- Tricon Residential (Tricon Capital Group): Multifamily-focused real estate company investing in U.S. rental housing. Comparable to Grass River in the multifamily vertical and in sourcing institutional capital for development.
- Terra (Terranova Corporation): Miami-based real estate investment and development firm with deep South Florida roots across multifamily, retail, and mixed-use. Highly comparable to Grass River in geography, asset mix, and institutional investor base.
Broad incumbents
- Tishman Speyer: Global real estate developer and investor with mixed-use, office, and residential holdings. Broader geographic and product footprint than Grass River but comparable in institutional development and value-add approach.
- The Related Companies: Large national developer of mixed-use, affordable, and multifamily real estate including South Florida projects. Broader scale and portfolio than Grass River but directly comparable in product type and urban strategy.
- Lennar Corporation: One of the largest U.S. homebuilders with significant South Florida multifamily and mixed-use activity (Grass River principal Christian Cobb was previously at Lennar). Comparable as a broad incumbent in South Florida residential development.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key highlights6 records
Customer concentration
Grass River financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grass River leadership team
Management profileNumber of profiles
Profiles8 records
Grass River funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grass River M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grass River
What does Grass River do?
Grass River is a commercial real estate development and investment firm that acquires, develops, repositions, and sells multifamily, office, retail, and hotel properties in South Florida growth markets. The firm also provides asset management services to institutional investors, public companies, pension funds, and high-net-worth individuals, managing a diverse portfolio of several million square feet across asset classes. Its portfolio includes ground-up mixed-use developments, adaptive reuse conversions (e.g., office-to-hotel), and repositioning of underperforming retail centers.
Is Grass River a public or private company?
Grass River is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Grass River founded?
Grass River was founded in 2013. It employs 11 to 50 people.
Where is Grass River based?
Grass River is headquartered in Miami, United States, in the North America region.
How does Grass River make money?
Two revenue lines are on record. Real Estate Development and Property Sales are the primary driver. The others are asset Management Fees.
Who are Grass River's main competitors?
Direct peers on record are Mast Capital, Property Markets Group (PMG), Newgard Development Group, Federal Realty Investment Trust, Crescent Heights, Tricon Residential (Tricon Capital Group) and Terra (Terranova Corporation). Broad incumbents are Tishman Speyer, The Related Companies and Lennar Corporation.
Does Grass River have an API?
No public API is recorded for Grass River.