Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge.
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ArquitectonicaGEO-Designed Canopy Park Opens To Public On Alton Road In Miami Beach
Canopy Park, Miami Beach’s new three-acre community park situated between the 600 and 700 blocks of Alton Road, is now open to the public. Park-goers can enjoy open greenspaces shaded by native tree species, pedestrian trails and bike paths, an outdoor gym and dog run, a MONSTRUM-designed children’s playground, and public art displays.
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Canopy Park in South Beach
ANF Group Marks 40th Anniversary With Strong Pipeline of South Florida Construction Projects
A new medical office building for Memorial Healthcare System, and two large apartment developments for Terra Group and Rilea Group, are among the projects under construction this year.
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The 48-Story Five Park Locks Town $345 Million Construction Loan In South Beach
The developers of Five Park, a 48-story residential tower coming to the entrance of South Beach at 500 Alton Road, has locked down a $345 million construction loan. The loan is the largest residential construction loan to be funded in South Florida since the pandemic took hold.
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Terra And Crescent Heights Break Ground On Canopy Park In South Beach
Terra and Crescent Heights, along with development partner New Valley, have broken ground on Canopy Park, located at the gateway to South Beach at after winning approval from the Miami Beach City Commission last year.
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