Izzy Kapnick | Coconut Grove Spotlight

Nearly 20 years after the playhouse closed, Miami-Dade County appears poised to start work on its controversial restoration plan.

Unit owners at Mutiny on the Bay – a Coconut Grove landmark with a rich history as a party hotspot during Miami’s cocaine boom – are mulling over a second buyout offer from competing developers who aim to raze the building and redevelop the site.