PROFILE Exclusive: Transforming Coconut Grove with David Martin of Terra

March 10, 2017   |   PROFILE Miami

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PROFILEmiami had the exclusive opportunity to sit down with David Martin, one of the founders of Terra and the mastermind behind Park Grove and Grove at Grand Bay. Find out how he is helping transform Coconut Grove into one of Miami's hottest neighborhoods. 

PM: You guys have been integral in transforming Coconut Grove. What do you think of the recent new developments in Coconut Grove and the new energy they have brought?

DM: I think it is about time. I think that the world and the city is realizing a lot of the amazing assets thats Coconut Grove has. It has amazing parks, amazing schools, amazing people. Geographically it is strategically located to a lot of different other neighborhoods as well. Now with the Grove at Grand Bay project that we did, it was big, and now Park Grove with Related, I think that this is developing into a neighborhood with new architecture as well as with some of the old Florida architecture as well. It has a good diversity and design and I think that there is a lot of new restaurants that are coming and a lot of new retail. Coconut Grove is a neighborhood that has a lot of components but it is very quite and peaceful. That quiet innocence is what people are looking for to raise their families, or spend time with their families. A lot of our buyers are empty nesters so they're looking for urbanism and walkability so that tree canopy here and walkability is very important as well. 

PM: How did the concept for Park Grove and the partnership between Terra & Related Group come about? 

DM: My father (Pedro Martin) and Jorge (Perez) have been very good friends for many years and I have always respected a lot of Related's team so we decided to do this together and we are working to see how we can get the best out of each organization and really put it in place here in Coconut Grove. We are very excited and happy with the partnership. We were both going after the same site and we decided to do it together. 

PM: Coconut Grove has seen some great towers be built in recent years. You guys built Grove at Grand Bay next door, what sets Park Grove apart from these other developments? What makes it so unique?

DM: Grove at Grand Bay is 3 acres, this one (Park Grove) is over 5 acres. Park Grove is a little more connected to the retail district and village. The amount of amenities in Park Grove is a significant number so those are some of the unique things. Also the residences, Park Grove's columns  are on the exterior of the building while the columns at Grove at Grand Bay are in the interior of the residences. 

PM: What is the best feature that residents will enjoy?

DM: Two things, the ceiling heights are pretty significant. Were talking about 12 feet which is an important component. Most of the comparable buildings are 9 or 10 feet. The views and the design of this building is very intellectual and very "amenitized" so I think residents are going to see a lot of see a lot of services here that is unique to other buildings.

PM: What will Park Grove mean to Coconut Grove and Miami in the short & long term?

DM: I think that there is a few things. This development will bring over 200 families to come live and be part of Coconut Grove's urban life. Also the tax revenue from this development is going to create a good financial engine for the city to create projects that will improve people's lives. 

PM: Where do you see Coconut Grove's place in Miami in the next 5 to 10 years?

DM: What is interesting about Coconut Grove is that it has very restrictive zoning so I don't see many opportunities. I think that this (Park Grove) is one of the last sites left to really build something of significant scale so most of the Grove is either single family residential or T-5 in the urban district which is 5 stories so overall I think that this is going to be a unique project for many years. 

About David Martin & Terra:

Terra is an integrated development firm in South Florida focused on creating sustainable, design-oriented communities that enhance neighborhoods and bring people together. Founded in 2001 by father and son Pedro and David Martin, who have played a significant role in the transformation of South Florida. Terra's portfolio includes luxury high-rises, single family homes, townhouses, retail shopping centers, office space and multifamily apartments, both in urban and suburban areas. Each development is a strategic investment in the region, with the impact on individual communities always carefully considered. Terra has had a recent push in Coconut Grove, Miami Beach, Doral and Weston. Terra has recently developed two new luxury condos that are helping revitalize Coconut Grove, the Bjarke Ingels-designed Grove at Grand Bay and the Rem Koolhaas-designed Park Grove. Terra also developed Glass, a 10-unit condo designed by Rene Gonzalez, in Miami Beach's South-of-Fifth neighborhood. Terra is currently working on Eighty Seven Park, a 70-unit beachfront condo designed by Renzo Piano in addition to other projects. 

Read about Park Grove and check out the renderings of the project.

Read about the Park Grove Top-Off.

 

Sales Update: Terra's Bayshore Grove Luxury Rental Tower in Coconut Grove is Now 80% Leased

July 28, 2017   |   PROFILE Miami

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Terra has announced that their 98-unit, Bayshore Grove luxury rental tower in Coconut Grove is now 80% leased. 6 months ago Terra completed a full-scale renovation of the 7-story building on South Bayshore Drive. Situated in the heart of Coconut Grove, just across from the Grove Key Marina, and walking distance to the waterfront, nearby parks, and the neighborhood’s growing collection of new restaurants, boutiques and nightlife venues. Bayshore Grove is capitalizing on the influx of new residents moving to the neighborhood, long known for its bohemian attitude and laid-back waterfront lifestyle. The property is attracting renters who work in Coconut Grove, Brickell, Downtown Miami and other adjacent neighborhoods.

“We’re seeing strong demand from local millennials – university students, young professionals, area employees – who can’t necessarily afford to buy a new luxury condo but still want to take advantage of everything Coconut Grove has to offer,” said David Martin, president of Terra. “Bayshore Grove’s tenants value the Grove’s live-work-play lifestyle; they want to ride their bike to work, walk to the grocery store, take the train to school or a meeting downtown, meet up with friends for dinner and drinks around the corner, enjoy a jog through the park. Everything they need on a daily basis is all within reach.”

Bayshore Grove features 16 different floor plans with monthly rates for one-bedroom units available from $1,950, and two-bedrooms starting at $2,950. Apartment features include hardwood-style flooring throughout; modern designer kitchens with granite countertops and stainless steel appliances; contemporary bathrooms with cantilever white vanities; impact widows and sliding glass doors; and large balconies featuring beautiful skyline and bay views. Amenities include a beautifully canopied deck with pool, cabanas, loungers, and grills; clubroom lounge area, state-of-the-art gym, bike storage, 24-hour full service concierge, outdoor yoga/flex space, covered parking, along with available valet dry cleaning and complimentary weekly laundry service for all units; wash, fold and delivery.

 

Terra Tabs Venus Williams' V STARR Interiors to Design the New Clubhouses at Modern Doral

August 29, 2017   |   PROFILE Miami

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Terra has chosen V STARR Interiors, owned by tennis icon and entrepreneur, Venus Williams, to design the clubhouses for Modern Doral. Modern Doral is a gated residential complex composed of three subdivisions located in Doral, Florida. V STARR Interiors designed three 2-story clubhouses, one for each subdivision, which start at 3,500 SF. The layouts for each clubhouse are different, yet share the same clean, open design, with standout furniture like a custom bookcase by RTI, a Fusion pool table, custom lighting, meeting areas, a fully-equipped fitness center, library, business center with media room and kitchenette, a swimming pool, spa, sun deck, BBQ gazebo areas, and spectacular lake views and bicycle trails.

“Our interiors are a modern representation of quintessential mid-century Miami and boast sculptural lighting, fun artwork and pops of color with cool open floor plans,” explains Venus Williams, CEO of V Starr Interiors. “These are family communities, so we have kids’ rooms in the club homes, which is distinct from past projects; there are Lego walls and custom murals by Jeffrey Noble that maintain the modern feeling.”

Developed by South Florida-based Terra, the unique master-planned community consists of 319 single-family luxury homes and approximately 150,000 SF of retail space featuring fine dining, eclectic shopping, and recreational environments. Construction of Modern Doral is well underway and expected to be completed later this year (2017).

“When much of the world looks at South Florida real estate, they see high-rise condos, but this market is home to a range of product types catering to a diverse buyer base," explains Terra President and Co-Founder David Martin. "The sales success we've experienced at Modern Doral is a real-world example of the growing demand for design-oriented homes in desirable communities."

 

 

TERRA BREAKS GROUND ON MR. C RESIDENCES IN COCONUT GROVE

July 27, 2020   |   PROFILE Miami

South Florida developer and President of Terra, David Martin, and fourth generation Cipriani brothers, Ignazio and Maggio, Co-Founders of the Mr. C brand, have officially broken ground on Mr. C Residences Coconut Grove. The 20-story tower, located at 2655 S. Bayshore Drive, will mark the first-ever, large-scale residential project for the Mr. C brand, introducing a new level of residential living that will complement Coconut Grove’s appeal as a thriving residential, restaurant, and commercial neighborhood. Sales at Mr. C Residences launched in February 2020 led by Douglas Elliman. Units are priced from the low $600,000’s to over $5 million.

“Mr. C Residences will reflect Terra’s commitment to design excellence and connectivity in one of South Florida’s most walkable neighborhoods, catering to residents who want to live steps away from Biscayne Bay, Coconut Grove’s iconic parks, first-rate schools, and countless shopping, dining and entertainment options,” said developer David Martin, President of Terra.

The Arquitectonica-designed luxury, high-rise with interiors designed by international designer Meyer Davis, is comprised of 118 sophisticated residences ranging in size from one to five bedrooms, spanning 650 to 3,645 square feet. Inspired by the Mr. C brand, interiors reflect maritime influences with laminated wood paneling and nautical blues and touches of Miami’s vibrant scene. Residential units feature open floor plans, 11-foot ceilings, floor-to-ceiling windows, private terraces, and custom Italian design influences.

“It’s with tremendous pride that we present this building to Coconut Grove alongside Terra,” says Ignazio Cipriani, Co-Founder of Mr. C. “It embodies a contemporary take on the classic

European Cipriani experience that’s been perfected over four generations before us and is constantly evolving in response to our everchanging lifestyles.”

The lifestyle-driven development features an expansive list of amenities including a signature Mr. C Café, specialty gourmet marketplace, wellness lounge and juice bar, private Bellini Bar on the pool deck, in-home delivery from the Mr. C Café, butler service and nautical concierge services. An entire floor is dedicated to body-and-mind wellness spaces, from whole-body fitness zones with personal trainers and specialty classes to a signature spa with treatments rooms, indoor yoga, Peloton studio, steam and sauna rooms, as well as poolside and cabana services. Other highlights include pool bar and event lounge, garden-level lap pool, billiard rooms, library and screening lounge, Little C’s Learning and Adventure Lab, teen game rooms and business lounge with meeting rooms.

Mr. C Residences Coconut Grove is slated for completion in 2022.

Read full article: 

http://profilemiamire.com/miamirealestate/2020/7/27/terra-breaks-ground-on-mr-c-residences-in-coconut-grove

Sales Eclipse $100 Million at Terra's Botaniko Weston Luxury Home Community Designed By Chad Oppenheim and Roney J. Mateu

February 7, 2018   |   PROFILE Miami

Sales have eclipsed $100 million at Terra’s currently under construction project Botaniko Weston, a 125 single-family home residential community. Set on 121 acres bordering the Florida Everglades, Botaniko marks the first luxury community to be developed in the exclusive suburban West Broward County neighborhood of Weston in over a decade. Approximately 85% of the development’s first phase has been pre-sold, with about 40 homes currently under construction and set to begin delivering early this year (2018). 

Terra has enlisted an award-winning team to implement its design vision for Botaniko. Architects Chad Oppenheim and Roney J. Mateu, both FAIA fellows, have collaborated to create home designs inspired by the South Florida environment and outdoor lifestyle that can be tailored to residents’ tastes. The one- and two-story homes will feature interiors by V Starr, the design firm led by tennis champ Venus Williams. Outside, Landscape Design Workshop has created an environment of lush green spaces that are as sophisticated and beautiful as they are functional. 

More than 80 percent of the development’s homes will feature lakefront views, with unique features including expansive private pools, covered patios, and outdoor summer kitchens fitted with grills, ice makers, sinks and refrigerators. Residents will enjoy full-time concierge services, as well as the added measure of security provided by a gate house that is staffed 24-hours a day with security cameras and state-of-the-art closed-circuit television. 

Homes at Botaniko range from 4 to 7 bedrooms and 3,500 SF to 9,700 SF in size, while pricing ranges between $1.5 million and $3 million. Exclusive sales and marketing for the project are being co-managed by Terra Realty and Compass Development. 

“Botaniko offers buyers a rare combination of cutting-edge contemporary design and the quality of life benefits that come from living in a tight-knit community like Weston,” says David Martin, president of Terra. “Unlike anything Broward has seen before, Botaniko will feature design-driven homes surrounded by luxurious amenities and natural landscapes – all within close proximity to some of the country’s best schools, parks, shopping and dining destinations. As Weston’s first newly-developed master-planned community in years, we’re creating new opportunities for families to call one of South Florida’s most desirable neighborhoods home.”

“Our buyer demographics at Botaniko are diverse,” says Andres Marquez, director of sales at Terra Realty. “On the international front, we’re seeing buyers from Latin America and Canada who are looking for the kind of sophisticated, family-oriented lifestyle that Weston offers.”

“In addition to an influx of local South Florida families, we are seeing a lot of interest from domestic buyers in the New England and New York areas,” adds Philip Freedman, managing director of Compass Development. “They’re attracted by Florida’s tax benefits as well as Botaniko’s inviting price points – which are about a third the price of homes of this size and caliber in the Northeast.

Weston is ranked number 8 on Money Magazine’s list of Top 10 Best Places to Live in America, offering residents access to more than 100 acres of meticulously maintained public parks and recreational facilities, A-rated schools, a wide variety of year-round cultural and community events, and a walkable town center featuring high-end shopping, dining and nightlife. Downtown Fort Lauderdale is less than 20 minutes away; Miami is a 30-minute drive south.