Economy
Coconut Grove has a number of outdoor festivals and events, the most prominent of which is the annual Coconut Grove Arts Festival. Others include the King Mango Strut, which began as a parody of the Orange Bowl Parade, and which continues each year on the last Sunday in December. The Great Taste of the Grove Food & Wine Festival takes place each April. Each June, the Goombay Festival transforms Grand Avenue in Coconut Grove into a Carnaval (Caribbean Carnival), celebrating Bahamian culture, with Bahamian food and Caribbean music (Junkanoo).
The Grove has many restaurants and open air cafes. By night, the Grove becomes a center of nightlife frequented by young professionals and students from the-nearby University of Miami and Florida International University.
Shopping is also abundant in the Grove, with two large open-air malls, CocoWalk, Streets of Mayfair, and many other street shops and boutiques.
Major corporations including Arquitectonica, Spanish Broadcasting System, and Watsco, are located in the Grove.
The eastern border of Coconut Grove is Biscayne Bay, which lends itself to a boating community. The area features a sailing club (Coconut Grove Sailing Club), a yacht club (Coral Reef Yacht Club) and a marina (Dinner Key Marina). Pan Am's seaplane operations were based in Dinner Key, and the Miami City Hall is based in the old Pan Am terminal building.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)