Developers Plan 48-Story Condo Tower With 400 Units At 3501 NE 1st Avenue In Midtown Miami

Terra and Lion Development Group have unveiled plans for Midtown 1, a 48-story residential building located at 3501 Northeast 1st Avenue in Midtown Miami. Scheduled to be reviewed by Miami’s Urban Development Review Board on May 15, this 598-foot-tall structure will offer 606,856 square feet of space, encompassing 400 condominium units, 27,658 square feet of retail space, and 498 parking spaces. The units will vary in size, ranging from 868 to 2,200 square feet, with a 14,471-square-foot penthouse atop the building. Arquitectonica is responsible for the architectural design, with interior design by Yabu Pushelberg and landscape design by Clad Landscape Architecture.

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UDRB Filing Reveals 1.8-Million-Square-Foot Mixed-Use Development Proposed In Overtown, Miami

Plans have been filed for a massive mixed-use development at 650 Northwest 8th Street and 678 Northwest 7th Street in Overtown, Miami. The project is a collaborative effort between 0101 Miami Properties, LLC, led by brothers Jorge and Jose Mas, and 8th Street Connections Holdings, LLC, an affiliate of Terra. The proposed development would yield 1,827,392 square feet of space, including 1,215 residential units, 16,347 square feet of commercial space, and 1,831 parking spaces. The architectural layout features three 12-story apartment buildings, a nine-story parking garage with residential units facing the street, and a three-story apartment building, designed by Arquitectonica. The city’s Urban Development Review Board is set to review the plans on May 15.

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Vertical Construction Begins on THE WELL Bay Harbor Islands, Miami’s First Wellness-Centric Condo and Office Development

THE WELL Bay Harbor Islands, an 8-story condominium building under construction at 1177 Kane Concourse, has begun its vertical ascent. Spearheaded by Terra, a leading force in Miami’s real estate sector, and the internationally acclaimed wellness brand THE WELL, this development sets a new precedent as the nation’s first combined condo and office wellness lifestyle endeavor. Positioned amidst the tranquil beauty of Miami’s Bay Harbor Islands, THE WELL Bay Harbor Islands is not just reimagining luxury living but integrating wellness into everyday life and work, offering an unparalleled lifestyle choice for those prioritizing health and well-being.

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Terra Closes On $127 Million Refinancing Loan For ‘Natura Gardens’ At 17351 NW 94th Court In West Hialeah

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. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan provided in 2021 by Bank OZK. Completed in the Summer of 2023, Natura Gardens includes 460 garden-style rental apartments situated across 23 acres in Miami’s West Hialeah neighborhood.

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Terra And Grass River Secure $245 Million Permanent Loan For 23-Story ‘Grove Central’ Mixed-Use Development in Miami

Miami-based developers Terra and Grass River have secured $245 million in permanent financing for Grove Central, a newly completed mixed-use development at 2800 Southwest 27th Terrace in Miami’s Coconut Grove neighborhood. The loan, issued by JP Morgan Chase & Co., will be used to pay off the development’s existing construction loan, provided in 2021 by Apollo Global Management, and fund remaining public infrastructure improvements and upgrades to the adjacent Metrorail station. 

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