City of Miami Beach, Terra and GFO Investments Hold Groundbreaking For Daniel Buren-Designed Pedestrian Bridge

The City of Miami Beach, in partnership with developers Terra, led by David Martin, and GFO Investments, led by Russell Galbut, have broken ground on the colorful pedestrian bridge that will soon welcome millions of visitors who enter Miami Beach along 5 Street. Construction for the new Daniel Buren-designed landmark began in January and is expected to be completed by the summer or fall of 2026. The striking piece is being developed as part of a public-private partnership between the city and the Five Park development team. In 2022, Martin and Galbut delivered the Canopy Park to the community under a similar arrangement that paved the way for the adjacent 48-story Arquitectonica-designed condo tower that opened late last year.

“Our new pedestrian bridge isn’t just about aesthetics—it’s about safety, accessibility, and walkability," said Miami Beach Mayor Steven Meiner. "By providing a secure and enjoyable way to cross one of our busiest roadways, we're making Miami Beach safer and more connected.

“This project represents a transformative milestone for Miami Beach, blending world-class public art and practical connectivity to enhance the urban experience,” said Martin, CEO of Terra. “Daniel Buren’s visionary design elevates a simple pedestrian bridge into a work of art, while providing much-needed accessibility and connectivity between some of our city’s most vibrant neighborhoods. We are proud to partner with the City of Miami Beach and GFO Investments to deliver this landmark as part of the Five Park development.”

More than a bridge, the Fifth Street Pedestrian Bridge is the crowning gem that will complete the area's circulation network, linking the South of Fifth and West Avenue neighborhoods. This elevated crossing will connect the city’s popular Beachwalk amenity in South Pointe Park to the coming Baywalk amenity. Once completed, the bridge will enhance bicycle and pedestrian travel for residents and visitors alike.

Buren, an internationally acclaimed French conceptual artist, is celebrated for his work at the Solomon R. Guggenheim Museum in New York City and the Guggenheim Museum Bilbao in Spain as well as his work at the acclaimed international cultural exhibition in Italy, the Venice Biennale. The Miami Beach project is expected to redefine the city’s urban landscape, becoming a signature architectural and artistic achievement.

Known for creating some of the world’s most iconic public art installations — such as the black-and-white marble columns at the Palais Royal in Paris and the vibrant sails of colored glass at the Louis Vuitton Foundation — Buren’s 158-foot enclosed pedestrian bridge will feature a mosaic of vibrant, translucent panels, which transform sunlight into a kaleidoscope of colors, casting dynamic patterns across the walkway and street below.

Designed with accessibility in mind, the bridge will feature elevators and stairs that are thoughtfully integrated into the surrounding landscaping and greenery, ensuring ease of use for all residents and visitors.

Upon completion, the bridge will offer effortless access to Miami Beach’s premier attractions, including world-class dining, luxury retail, wellness centers, arts venues and elevated nightlife experiences, further enhancing the city’s vibrant appeal.

The project was partially funded by a General Obligation Bond approved by City of Miami Beach voters in 2018.

Images via City of Miami Beach, Terra and GFO Investments

Terra And GFO Investments Deliver Tallest Tower in Miami Beach, Five Park Miami Beach

Miami Beach-In 2020, David Martin and Russell Galbut sat down to conceptualize a challenging yet coveted project—a parcel of land at Miami Beach’s entrance, primed for development. Driven by Terra’s commitment to resiliency and conscious design, the two developers envisioned Miami Beach’s tallest tower, featuring luxury residences, top-tier amenities and a public park designed to meet environmental and community goals. Now complete, Five Park Miami Beach, the first new luxury residential tower in Miami Beach in over a decade, delivers an unmatched product to a high-demand market, showcasing innovation and foresight while enhancing the city’s access to green spaces.

Initially proposed as a building occupying six to seven acres, the developers adapted the plan, reducing the tower’s footprint to two acres and dedicating the remaining acreage to green space. To gain additional height, they donated the adjacent three-acre Canopy Park, now open to the community.

Now complete and standing 48 stories tall at the entrance to South Beach, Five Park holds the title of the tallest tower in Miami Beach, serving as an iconic gateway to the highly coveted island community. The project showcases the elevated standard that only legacy developers can bring, conceptualized by a compilation of the greatest leaders and visionaries at every level.

“Five Park exemplifies our commitment to creating iconic developments that elevate urban living and help cities realize their full potential,” said David Martin, CEO of Terra. “This tower offers world-class amenities and exceptional design, while seamlessly integrating with Miami Beach’s cultural fabric and enhancing the area’s resiliency.”

A visionary design team of nearly a dozen icons, tastemakers, architects, designers and brands was assembled to create the most elevated residential experience from the inside and out. The team includes Arquitectonica, the lead architectural firm; New York-based firm Gabellini Sheppard for interiors; design maven Anda Andrei, who served as design director bringing her expertise from iconic projects including the Delano South Beach, Gramercy Park Hotel and more; Cultured Magazine’s Sarah Harrelson who led the art curation; and French conceptual artist Daniel Buren, whose works can be found in the Tate Modern, Palais Royal and Museum of Modern Art, for the iconic Canopy Bridge design. Interior designs for residences include models by Meyer Davis, RH, B&B Italia and Addison House.

“The design concept for the building combines every element of Miami Beach alongside a fusion of hospitality and residential features to create an incredible quality of life,” says Anda Andrei, design director of Five Park. “From the residents-only club to the landscape of the amenity deck that aim to create surprising new environments and stunning escapes at every turn, all components are creating an evolved living standard.”

Delivered in 2022, the three-acre Canopy Park serves as a “green lung” for the city, harmonizing with surrounding ecosystems and offering features like a botanical garden, interactive MONSTRUM playground, dog park, and event lawn. Designed with resilience in mind, the park includes varied topography for stormwater management, a “Dry River” bioswale system to filter rainwater, and a 25,000-gallon underground cistern for irrigation. Native plants promote biodiversity and habitat restoration, while salt-tolerant grass and a broad tree canopy enhance sustainability.

The Daniel Buren-designed Canopy Bridge, set to break ground this month, will offer pedestrian access via the 158-foot-long enclosed overhead artistic bridge connecting Five Park to the South of Fifth neighborhood for the first time.

“Five Park represents the dynamic evolution of Miami Beach," said Russell Galbut, Chairman of GFO Investments. "The tower, along with the Canopy Bridge pedestrian walkway to South of Fifth and Canopy Park, introduces a level of design and innovation that the neighborhood has not seen before. We are proud to collaborate with the city to bring these transformative experiences to our community.”

As the first tower to be delivered to Miami Beach in over a decade, it also presents a unique opportunity for brand-new, move-in-ready, luxury residences to the Miami Beach market. The advanced delivery compared to the rest of the activity for new residential development still in development, permitting or proposed phase demonstrates the developers’ unique foresight and capability to launch ahead of the rest of the market.

“Miami’s appeal grew stronger during the pandemic as families began putting greater emphasis on quality of life and more businesses embraced remote work,” said Martin. “Today, Miami is viewed as a desirable place to grow a business, raise a family and invest capital. All of this supports our thesis at Five Park, where our team of design, urban planning, and artistic visionaries are reimagining the idea of luxury living in Miami Beach.”

The tower has attracted a diverse demographic that reflects the growth of Miami’s evolving real estate landscape. Buyers for the project come predominantly from domestic markets, with strong interest from Northeastern cities such as New York, Connecticut and Boston.

Five Park Miami Beach offers 50,000 square feet of meticulously curated amenity spaces for its residents. At the heart of these amenities is The Park Club on the sixth floor, anchored by the Cafe Flora serving seasonal menus by James Beard award-winning chef Michelle Bernstein. Additionally, the amenity deck boasts a selection of pools with covered cabanas and loungers for poolside relaxation, all with sweeping city and bay views. Inside, residents can enjoy a variety of wellness, work and entertainment spaces, including a fully outfitted gym and spa, treatment rooms, a co-working area with private offices and board rooms, screening rooms and more. Residents also have their very own stretch of sand and sea with the tower’s branded beach club accessible via chauffeured Five Park Moke.

On the ground floor, residents have direct access to their backyard oasis, Canopy Park, offering a refuge from city living.

The move-in-ready residences at Five Park range from one to four bedrooms and start at $1.5 million. The tower’s unique elliptical form allows for 360-degree panoramic views of the city, beach and bay, maximizing natural light and providing residents with expansive floor plans and balconies that emphasize connectivity to the outdoors. Fully furnished model homes by RH, B&B Italia and Addison House are available for view and purchase for a turn-key experience.

Moss Construction successfully oversaw the tower’s construction, delivering the project on schedule. The firm has also recently begun work on Villa Miami, one of Terra’s latest projects in Edgewater, a luxury condo tower branded by Major Food Group as well as Jean-Georges Miami Tropic Residences in Midtown Miami.

Images via Five Park Miami Beach

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Pair of Highest Penthouses In Miami Beach Revealed Atop Five Park Listed At $19 Million and $20 Million

Miami Beach’s highest penthouses have hit the market for the first time, crowning Five Park, the tallest building in Miami Beach. The residences are listed at $20 and $19 million and are designed by New York design studio Meyer Davis, known for clients like Four Seasons, Auberge Resorts Collection and designing Oscar de la Renta's worldwide boutiques. The landmark project, developed by David Martin (Terra) and Russell Galbut (GFO Investments), features a striking 48-story tower and the adjacent Canopy Park, a backyard community oasis spanning three acres.

Canopy Penthouse 01, priced at $20 million, boasts four bedrooms, six baths, a powder room, an office, a media room, and a full open kitchen plus a prep kitchen. With a total of 7,923 square feet, including a 1,863-square-foot terrace, residents can enjoy stunning bay, ocean, and park views.

Canopy Penthouse 02, priced at $19 million, features a similar floor plan with four bedrooms, six baths, a powder room, office, media room, open kitchen, and a closed prep kitchen. This lavish residence offers 7,756 square feet of living space, including a 1,868-square-foot outdoor terrace with panoramic views.

Five Park features over 50,000 square feet of amenities including the Canopy Club, which spans 40,000 square feet perched atop the tower offering sophisticated social spaces, including a private dining room, jewel box bar and lounge, living rooms, library, den, outdoor terraces, wellness and fitness areas. The Park Club amenity deck, which is an addition to the restaurant, features an expansive pool and café terrace with covered cabanas, loungers and intimate social spaces. Inside, residents can enjoy a fully outfitted gym, spa treatment rooms, co-working spaces with private offices and board rooms, screening rooms and more. The development also includes the construction of a 158-foot-long enclosed bridge designed by French conceptual artist Daniel Buren. The Canopy Bridge connects Five Park’s site to the South of Fifth neighborhood for the first time.

For more information about Five Park or to inquire about purchasing a unit please fill out the form below:

Michelle Bernstein and Jeffrey Chodorow To Open First Private Restaurant at Five Park Miami Beach

Renowned chef Michelle Bernstein and acclaimed restaurateur Jeffrey Chodorow are set to open their first-ever private restaurant at Five Park Miami Beach. The intimate food and beverage concept will be exclusively available to the residents of the landmark tower which is being developed by David Martin (Terra) and Russell Galbut (GFO Investments). The culinary venture will be housed on the building's Park Club sixth-floor amenity deck, delivering an inspired menu that seamlessly fuses Mediterranean sophistication with vibrant local flavors. Bernstein will also curate the food and beverage offerings for the tower’s 26th-floor Canopy Club, an exclusive social club for Five Park residents.

Chodorow, a prominent figure in the Miami and New York City culinary scene, is recognized for legacy establishments like China Gril, Bond Street Hudson Yards and Red Farm Coconut Grove. The restaurateur is working alongside James Beard Foundation award-winner Michelle Bernstein who is marking her debut in the realm of residential restaurants. She is behind acclaimed projects like Café La Trova, Sweet Liberty, Michy’s Chicken Shack and the highly anticipated Sra. Martinez re-opening in Coral Gables this year.

“It's extremely special to collaborate with visionaries like Jeffrey, David, and Russell, especially in such a beautiful setting,” said Bernstein. “An on-site residential restaurant allows us to really embrace and create a longstanding relationship with our clientele. More than ever, we want our guests to feel at home – we will know their specific tastes, favorites and special orders."

Inspired by Five Park’s waterfront location and 360-degree water views, Bernstein's menu promises an array of seasonal flavors with a selection of approachable yet sophisticated dishes. From delectable snacks and appetizers to refreshing salads and standout main courses, residents can savor signature dishes such as Moroccan spiced crab cakes, hamachi crudo, black bean burgers, and spaghetti cacio e pepe. The restaurant, surrounded by lush greenery and vibrant florals, offers indoor and outdoor dining, accommodating on-the-go orders or large gatherings set against the Miami sunset. The rotating menus will be curated to seamlessly transition from day to night, with service extending to the pool deck.

“Food is such an integral part of today’s residential experience,” said David Martin, CEO of Terra. “We’re very proud to be partnering with Michelle and Jeffrey, who possess a unique and heightened understanding of consumer needs. Their expertise extends far beyond traditional hospitality; we sought partners who also have a grasp on the behind-the-scenes of crafting and sustaining a comprehensive food and beverage concept.”

Five Park has recently completed construction and is on track for delivery this year. The landmark project features a striking 48-story tower and the adjacent Canopy Park, a backyard community oasis spanning three acres.

Five Park features over 50,000 square feet of amenities including the Canopy Club, which spans 40,000 square feet perched atop the tower offering sophisticated social spaces, including a private dining room, jewel box bar and lounge, living rooms, library, den, outdoor terraces, wellness and fitness areas. The Park Club amenity deck, which is an addition to the restaurant, features an expansive pool and café terrace with covered cabanas, loungers and intimate social spaces. Inside, residents can enjoy a fully outfitted gym, spa treatment rooms, co-working spaces with private offices and board rooms, screening rooms and more. The development also includes the construction of a 158-foot-long enclosed bridge designed by French conceptual artist Daniel Buren. The Canopy Bridge connects Five Park’s site to the South of Fifth neighborhood for the first time.

Renderings via Five Park

Only Luxury Condominium to be Delivered in South Beach This Year Tops Off

Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge. The 519-foot development will become the tallest building in Miami Beach upon its completion in 2023.

"Five Park delivers on every element of luxury living as the tallest tower on Miami Beach.  Uniquely connecting the South of Fifth neighborhood to the West Avenue district, Five Park brings the park to the boardwalk as the only tower rising in the area," said Jay Phillip Parker, President of Douglas Elliman Development Marketing, Florida. “It’s a project that elevates the caliber of the neighborhood and a perfect representation of a development built to meet the discerning demands of Miami’s new buyer’s needs. Five Park achieves an unprecedented level of quality, very different from what has been built in the last decade, thanks to David and Russell’s collaboration and their unique understanding of the surrounding needs.”

Rising on the edge of Miami Beach, the 48-story tower has unveiled 50,000 square feet of diverse amenity spaces with a choreographed team available round-the-clock. On the 6th floor, overlooking city and bay views, residents are invited to The Park Club. Anchored by an expansive pool and café terrace, the elevated oasis features a lap and family pool with covered cabanas, loungers and social spaces with indoor or al fresco dining options. Additionally, The Park Club amenity level features a variety of wellness, work and entertainment spaces including a fully outfitted gym and spa treatment rooms, a co-working area with private offices and board rooms, screening rooms and more. On the ground floor, Five Park boasts its very own backyard oasis, Canopy Park. Spanning three acres, the community amenity offers a refuge from city living with a botanic garden, interactive MONSTRUM playground, dog park and event lawn. 

Five Park was conceptualized by a visionary team of designers, architects and tastemakers with an exceptional understanding of beauty, functionality and service. The roster of project collaborators includes interior design firm Gabellini Shepard; Arquitectonica, leading architectural plans; design maven Anda Andrei; French conceptual artist, Daniel Buren; and Sarah Harrelson, founder of Cultured Magazine, leading the interior art curation.

Five Park also has revealed the Canopy Bridge, set to break ground in early 2024, an overhead bridge designed by Daniel Buren, recognized worldwide for his site-specific art installations. The 158-foot-long enclosed pedestrian tube will connect the site anchored by Five Park to the South of Fifth neighborhood for the first time.

FIVE PARK UNVEILS PLANS FOR FIRST RESIDENTS-ONLY MEMBERS CLUB

Terra and GFO Investment’s Five Park, the newest luxury residential tower rising in Miami Beach, reveals plans for the first residents-only, fully serviced social club within a luxury condominium. The Canopy Club features a social amenity package rooted in cultural programming, wellness and elevated culinary offerings.

“Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach,” says David Martin, CEO of Terra. “We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”

Helmed by a world-renowned team of visionaries, Five Park sets a new precedent for Miami Beach lifestyle, unveiling 50,000 square feet of in-house amenities and a three-acre park outside. Perched on the 26th floor, the Canopy Club spans 40,000 square feet of social spaces, which include a private dining room, jewel box bar and lounge, living rooms, library, den, outdoor terraces, wellness and fitness areas. Additionally, residents have their own stretch of the beach just a couple of blocks away at the Five Park private beach club. Located on South of Fifth, the outdoor club unveils a branded, exclusive section with lounge chairs, umbrellas and food and beverage service.

“Miami has become a mecca for luxury,” says Cathy Strafaci, executive vice president and managing director of Douglas Elliman. “As the luxury condominium landscape continues to evolve, so are the buyer standards for elevated lifestyle and exclusivity.”

Canopy Club features a dedicated club-level concierge and robust programming. From white glove attention, to wellness, dynamic leisure areas and the finest dining, the Club allows residents to live, work, play and entertain their guests in a variety of spaces suited to every mood. Members will be able to take full advantage of the Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience curated by renowned chefs, set in the exclusive jewel box bar and dining room. The Club also includes state-of-the-art wellness areas and a signature spa with in-house personal trainer and wellness coach, private training areas, amid spectacular bay and ocean views.

The 48-Story Five Park Locks Town $345 Million Construction Loan In South Beach

The developers of Five Park, a 48-story residential tower coming to the entrance of South Beach at 500 Alton Road, has locked down a $345 million construction loan. The loan is the largest residential construction loan to be funded in South Florida since the pandemic took hold and is being provided by Blackstone and Apollo. Five Park is being developed by a partnership between Terra, led by David Martin, and the Galbut Family Office in partnership with New Valley. The 519-foot development will become the tallest building in Miami Beach upon its completion in 2023.

“Miami Beach is well-positioned for long-term growth as a global gateway city, with continued demand coming from both foreign and domestic buyers. Five Park is poised to become the address of choice for the City’s newest residents, offering direct pedestrian access to Canopy Park and the Miami Beach Baywalk, panoramic views across the cityscape and Biscayne Bay, and best-in-market amenities,” said David Martin, CEO of Terra.

Five Park is designed by Arquitectonica with interiors by Gabellini Sheppard. The tower will include approximately 280 residential units with a blend of condominium and multifamily residences as well as 3-acre public park. The units mix is made up of spacious two-, three-, and four-bedroom residences and penthouses. Building amenities will include an amenity deck with two swimming pools, a restaurant, sunset viewing lounge areas, a resort-style spa, and a state-of-the-art fitness center with outdoor exercise areas. The tower will also feature a grand lobby with a gourmet café as well as a Sky Club lounge with a second fitness center, a private dining room, and a building concierge offering in-room dining and other specialized services for residents.

The development also includes the construction of Canopy Park, Miami Beach’s newest public park, which broke ground in July 2020. The three-acre park, located between the 600 and 700 blocks of Alton Road, will include an array of resiliency and sustainable features along with open green spaces shaded by native tree species, pedestrian and bike paths, an outdoor gym and dog run, a MONSTRUM-designed children’s playground, and public art displays. Construction of Miami Beach’s newest world-class city amenity is currently underway and is slated for completion in Summer 2021.

Approved plans for the site also include a third phase, Miami Beach Canopy, which will encompass a signature pedestrian bridge spanning 5th Street designed by internationally renowned artist Daniel Buren and is anticipated to get underway in 2022. The Miami Beach Canopy — subtitled Walking Under, Along, and On the Colors: work in-situ by Daniel Buren — will complete the Miami Beach Baywalk, creating a safe and seamless connection running from South Pointe Park north to the Lincoln Road District and east to the beachfront. The Canopy will become an instant icon for Miami Beach and a beloved work of public art that guides pedestrians along a rainbow of colorful shadows.

The $345 million loan is the latest sign that Blackstone is going long on the Miami market following the news that the firm has purchased the office towers at 2 and 3 Miami Central in Downtown Miami for $230 million. Blackstone is planning a 200-person tech-focused office in Downtown Miami.

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