Renowned chef Michelle Bernstein and acclaimed restaurateur Jeffrey Chodorow are set to open their first-ever private restaurant at Five Park Miami Beach. The intimate food and beverage concept will be exclusively available to the residents of the landmark tower which is being developed by David Martin (Terra) and Russell Galbut (GFO Investments).
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Terra Closes on $127 Million Refinancing Loan for Natura Gardens Development
Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.
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Image Credit: Meyer Davis.
Terra and Sympatico Real Estate Launch Sales For Mr. C Residences West Palm Beach
Miami-based real estate development firm Terra and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, have launched sales for Mr. C Residences West Palm Beach. This 26-story luxury condominium hotel will mark the debut of a branded luxury development in Downtown West Palm Beach.
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Terra and Grass River Property Complete Grove Central Transit Oriented Mixed-Use At Gateway to Coconut Grove
Terra and Grass River Property, two of the deepest-rooted development firms in Miami’s Coconut Grove neighborhood, have completed construction of a new mixed-use multimodal complex that exemplifies smart development in South Florida. Grove Central, located at the intersection of US-1 and SW 27th Avenue, includes a 23-story residential tower with 402 multifamily, workforce and co-living units.
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Duncan Robinson of The Miami Heat Purchases Unit at Villa Miami
Terra and One Thousand Group, developers of Villa, the first luxury condominium tower branded by the hospitality powerhouse, Major Food Group (MFG), confirmed the sale of a residence valued at $4.6 million to Duncan Robinson, a forward for the NBA’s Miami Heat. The announcement comes on the heels of the property’s September sales launch.
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Only Luxury Condominium to be Delivered in South Beach This Year Tops Off
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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Rendering via BINYAN Studios
FIRST ON PROFILE: Terra Unveils Plans For Mr. C Hotel & Residences in West Palm Beach With Signature Bellini Restaurant
FIRST ON PROFILE: West Palm Beach will soon welcome its first branded luxury real estate development to one of Florida’s fastest growing metropolitan cities. Terra, one of South Florida’s most active real estate development firms, and the Palm Beach-based Morrison family’s Sympatico Real Estate, have unveiled plans for Mr. C Hotel & Residences in West Palm Beach, Florida.
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Kane Sarhan, Chief Creative Office of THE WELL & David Martin, CEO of Terra
Terra Breaks Ground on The Well Bay Harbor Islands
Miami-based real estate developer Terra, led by David Martin, and Internationally-acclaimed wellness brand, THE WELL, have broken ground on THE WELL Bay Harbor Islands located at 1100 Kane Concourse in Miami’s Bay Harbor Islands. The groundbreaking took place on October 9th with the residences already at 50% sold. THE WELL Bay Harbor Islands is an eight-story luxury residential building with 54 bespoke residences and more than 22,000 SF of amenities.
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Terra Completes Doral Atrium Lifestyle-Driven Retail Development in Doral
Terra, one of South Florida’s most active commercial and residential development firms, has completed construction of Doral Atrium, a 78,000 square foot lifestyle-driven retail development in Miami’s burgeoning City of Doral. News of Doral Atrium’s completion accompanies the signing of a 1,480 square foot new-to-market lease with TREMBLE Pilates Studio at the development.
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Terra and Lion Development Group Acquire Midtown Development Site For $40 Million
A joint venture between leading Miami-based developers Terra, led by David Martin, and Michael Simkins’ Lion Development Group, has closed on the $40 million purchase of a prime 1.6-acre piece of property located at 3501 NE 1st Avenue in Miami. Plans call for an iconic luxury condominium tower designed by Miami-based architect Arquitectonica and international design studio Yabu Pushelberg set to rise at the nexus of Miami’s most in-demand neighborhoods.
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