Terra and THE WELL have announced plans for THE WELL Coconut Grove, their second wellness-focused residential project in Miami. The $650 million development, located at 2855 Tigertail Avenue, will follow the success of THE WELL Bay Harbor and continue the integration of wellness-centered design into high-end residential living.
Located in Coconut Grove, the project will feature one- to four-bedroom residences ranging from 960 to 4,200 square feet, with prices starting at $1.5 million. Wellness-focused amenities include hyperbaric chambers designed to promote healing, crystal cave relaxation lounges, and spaces tailored for holistic well-being. These features are part of an effort to create a living environment that prioritizes both health and luxury.
Demand for homes emphasizing physical and mental well-being has grown significantly, with wellness real estate now a $438.2 billion sector of the $6.3 trillion global wellness economy, according to the Global Wellness Institute.
The development has already seen substantial interest, with 20% of units reserved within 48 hours of its announcement. Terra and THE WELL aim to meet the increasing demand for residences that incorporate wellness into their design and amenities.
Coconut Grove, known for its vibrant lifestyle and connection to outdoor activities, serves as a fitting location for the project. Miami ranks among the healthiest cities in the U.S., with a high percentage of residents prioritizing fitness and active living.
THE WELL Coconut Grove is set to offer a blend of wellness-focused design and luxury living, reflecting broader trends in residential real estate toward integrating health-oriented features into the home environment.
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