Construction Permits Filed For 58-Story Villa Residences At 710 NE 29th Street In Edgewater, Miami

8:00 am on May 3, 2023 By Oscar Nunez

Developers One Thousand Group and Terra, in partnership with Major Food Group, have submitted a permit application to the Miami Building Department for Villa Residences, a 58-story residential condominium tower designed by the acclaimed ODP Architecture & Design (ODP Architects), set to rise at 710 Northeast 29th Street in the Edgewater neighborhood of Miami. The application, filed on April 20, outlines a tower reaching 650 feet in height. The gross square footage for the development is listed at 358,944, with the residential portion occupying 351,221 square feet. The permit filing estimates the construction cost at $62,817,300 with Moss Construction listed as the general contractor.

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Terra Acquiring Former Miami Herald Site From Genting Group For $1.225 Billion, Plans Waterfront Transformation

8:00 am on May 2, 2023 By Oscar Nunez

SmartCity Miami LLC, an investment group led by Miami-based Terra and its CEO, David Martin, has finalized terms for acquiring a 15.5-acre development site on Biscayne Bay in Downtown Miami. The group will purchase the site, previously home to the Miami Herald newspaper offices, from its owner, Genting Group, for $1.225 billion. The site is the largest undeveloped waterfront property in Miami’s urban core, midway between Miami Beach and Miami International Airport. It offers over 800 feet of direct frontage along Biscayne Bay and is adjacent to Miami’s Museum Park, the Adrienne Arsht Center for the Performing Arts, and the Metromover transit system. The closing is set to take place later this year.

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