2025 Power Residential
David Martin CEO at Terra David Martin’s Terra is behind some of South Florida’s most buzzed-about residential projects, and is only adding to its already expansive real estate portfolio. The developer behind Five Park and Mr. C Residences, Terra has a plethora of new residential properties that includes the Well Bay Harbor Islands (66 condos […]
Terra and Fortune International Pay $205M for Condo Site on Miami’s Key Biscayne
High-profile developers Terra and Fortune International Group have paid $205 million for an oceanfront motel on the eastern edge of Key Biscayne, a wealthy island town in the waters off Miami, where they plan to build a luxury condo development. The 56-room Silver Sands Beach Resort sits on a 3.8-acre site at 301 Ocean Drive. […]
David Martin Co-founder and CEO at Terra
Between the time that we interviewed Terra’s David Martin, and started writing his entry for this year’s Power South Florida, Terra closed a deal that most people in commercial real estate would envy: a $103.2 million inventory loan from Apollo Global Management for Five Park, the $1 billion, 227-unit condominium at 500 Alton Road in […]
Terra and Russell Galbut Land $103M for New Miami Beach High-Rise Condo
Florida developers Terra and Russell Galbut secured a $103.2 million inventory loan from Apollo Global Management (APO) for a newly completed high-rise condo in South Beach, property records show. In December, the joint venture completed Five Park, a 48-story building featuring 227 condominium units at 500 Alton Road, next to the entrance of the MacArthur […]
Terra Secures $291M Permanent Debt for New Mixed-Use Campus Near MIA
South Florida developer Terra has secured a $291 million permanent financing package for the first phase of the newly completed Centro City mixed-use development near Miami International Airport, the developer announced. The first phase, which was completed this year, consists of 350,000 square feet of new and revamped retail space as well as three eight-story […]
Terra’s David Martin On South Florida Development Now and Then
What he’s learned since dropping into the Miami-centered scene more than two decades ago — and what’s ahead If you follow Miami’s buzzing commercial real estate market, chances are you know David Martin’s name. His firm, Terra Group, is more than two decades old, and his portfolio — as well as his career — has […]
A-Rod’s UFC Gym Inks 37K SF Lease in Terra’s Miami Retail Center
It’s out with the old and in with the new for Miami’s Doral Square retail center. UFC Gym — a franchise chain owned by former MLB superstar Alex Rodriguez’s investment firm — is expanding into Miami with its fifth South Florida location. The gym will be filling a space previously assigned to 24 Hour Fitness, after the company filed for bankruptcy last year and announced it would close 130 locations nationwide.