How David Martin plans to deliver the biggest project of his career
Developer David Martin is good at a lot of things. Time management, however, is something he’s still working on. During an interview with The Real Deal, Martin took a conference call from Douglas Elliman Florida CEO Jay Parker and four others. Elliman needed to have its commissions paid before the end of the year. “Get that […]
Terra, AB Asset plan 174 apartments in Coconut Grove
After embarking on projects throughout Miami-Dade County, David Martin’s Terra is making another play on a market it knows well: Coconut Grove.
Miami-based Terra and Miami Beach-based AB Asset Management want to replace The Malone hotel at 2835 Tigertail Avenue in Miami with a five-story apartment building, according to city records. The Residences in the Grove would have 174 units; 24,000 square feet of retail; and 344 parking spaces.
Top 10 Development Projects in Miami-Dade in 2021
The biggest development in Miami-Dade County by any measure is the massive Grove Central project going up next to the Coconut Grove Metrorail Station in Miami. Terra and Grass River Property are developing the $125 million, mixed-use project on a 5-acre site at 2780 Southwest 27th Terrace near the station leased from Miami-Dade County for 90 years.
New Lease on Life: Apartment Projects Popping Up at Distressed South Florida Shopping Centers
Residential redevelopment of South Florida shopping centers is becoming more common, amid solid demand for rental housing and a slack market for retail space. This month, Houston-based developer Morgan Group won a land-use change to build 356 apartments on the site of a former Macy’s store and parking lot at Pompano Citi Centre, a shopping center in Pompano Beach on the southwest corner of Copans Road and Federal Highway.
Miami Beach Developers Nab $345M Construction Loan for 500 Alton
Miami Beach developers Russell Galbut and David Martin scored a $345 construction loan for their planned residential tower at the entrance to South Beach, marking one of the largest loans to close in South Florida during the pandemic, The Real Deal has learned. Galbut’s GFO Investments and Martin’s Terra are partnering on the project at 500 Alton Road, formerly home to the South Shore Hospital site. The 519-foot tower, which would be the largest in Miami Beach when it’s completed in 2023, is now called Five Park, Martin told TRD.
Developers bet on long-term demand for Class A Miami Beach office space
More than a dozen developers submitted letters of interest to develop office space
David Martin’s Miami Beach Marina proposal heads to voters in November
Proposal calls for roughly 38-story tower with resi, commercial, marina and park.
Terra closes on $91M loan for Pines Garden at City Center
Developer David Martin’s Terra closed on $91 million in financing for its Pembroke Pines project.
Sustainability’s Terra incognita
Q&A
TA Realty buys first phase of Terra’s Pines City Center for $80M
Publix-anchored shopping center also leased to Cooper’s Hawk, City Mattress and Humana
