One Thousand Group and Terra Secure $285 Million Construction Loan For Villa Miami

One Thousand Group and Terra have secured a $285 million construction loan to bring Villa Miami to life in Miami’s East Edgewater neighborhood. As the first-ever residential tower branded by the world-renowned Major Food Group (MFG), the 650-foot-tall waterfront condominium is set to become a new architectural landmark on Biscayne Bay featuring 70 private residences, a helipad, and a distinctive copper-colored exoskeleton designed by ODP Architects. Construction of Villa Miami broke ground earlier this month and is slated for completion in 2027.

The financing was provided by TYKO Capital, which is backed by Elliott Investment Management and led by Adi Chugh. TYKO is a multi-billion-dollar commercial real estate private equity and private credit investment management platform. Among the notable projects that the firm has provided financing for in New York City and Miami are Manhattan's Flatiron Building, One High Line’s luxury condos, Miami's St. Regis Residences, and the 830 Brickell Class-A office building. Financing was arranged by Walker & Dunlop’s Keith Kurland and Jordan Casella who also recently worked with Terra on the $170 million construction loan for the first phase of the firm’s $1 billion mixed-use project near Sweetwater’s Dolphin Mall, Upland Park.

“The financing secured for Villa Miami underscores the demand for an exceptionally curated residential experience within an intimate, boutique setting,” said David Martin, CEO of Terra. “Today’s lenders are drawn to best-in-class projects led by trusted teams with a proven track record. Villa Miami unites top-tier talent in a distinctive collaboration, creating a landmark residence in Edgewater—one of Miami’s most central and connected neighborhoods. This project reflects the evolution of Miami’s luxury condo market, which now caters to a discerning buyer demographic with a refined knowledge of brand ethos and the market.”

Set to rise 650 feet and 56 stories, Villa Miami celebrated its groundbreaking on December 5th during Miami’s Art Week. The project will house only 70 ‘estate-style’ residences, each featuring expansive full- and half-floor layouts with sweeping 360-degree views of Biscayne Bay and the Miami skyline. With residences starting at $5 million, Villa Miami’s units range from 3,000 to 6,000 square feet. Completion is anticipated in the fourth quarter of 2027.

“As branded residences continue to grow, they are redefining luxury by integrating the expertise of food and hospitality leaders like Major Food Group,” said Kevin Venger, Co-Founder of One Thousand Group. “With its prime waterfront location, striking architecture, and unparalleled amenities, Villa Miami sets a new benchmark for artistry, innovation, and sophisticated living, cementing Miami’s status as a global design and lifestyle hub.”

Edgewater has become increasingly attractive to Northeastern buyers drawn to its central location, close to sought-after neighborhoods like the Miami Design District, Midtown, Downtown and Miami Beach. These areas offer some of the city’s most desirable and walkable lifestyle destinations, with top-rated dining, high-end boutique shopping and cultural hotspots. Villa Miami will also be home to a new Major Food Group’s restaurant concept opening on the ground floor.

Villa Miami marks MFG’s debut in residential development. Co-founded by hospitality visionaries Jeff Zalaznick, Mario Carbone, Rich Torrisi and Miami partner Alex Pirez, Major Food Group brings its signature high-end dining experience directly to residents with Villa Miami’s Copper Club, an exclusive private club spanning multiple floors which houses the tower’s exclusive amenity suite.

The interiors at Villa Miami are crafted by Vicky Charles of Charles & Co., known for her work with high-profile clients like Sony Music, Goop and celebrities such as George and Amal Clooney, Ashton Kutcher and Mila Kunis, and David and Victoria Beckham. Inspired by Villa Miami’s bayfront location, Charles designed interiors that reflect the romance of waterfront cities like Venice and the French Riviera, reimagined with a modern Miami flair.

Villa Miami’s development team is behind some of Miami’s most iconic residential towers. Terra, led by David Martin, recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove, and has previously completed residential developments including the Renzo Piano-designed Eighty Seven Park, the Rem Koolhaas/OMA-designed Park Grove, and the Bjarke Ingels-designed Grove at Grand Bay towers. One Thousand Group’s portfolio includes the Zaha Hadid-designed One Thousand Museum tower, Ten Museum Park, and Regalia on the Ocean. Additionally, the firm just recently acquired a nearby Edgewater site for a Kohn Pedersen Fox-Designed tower.

Renderings via Binyan Studios

For more information about Villa Miami Residences or to inquire about purchasing a unit please fill out the form below:

ELLE Residences Miami Reveals New Renders of Amenity Spaces

ELLE Residences Miami, the highly anticipated residential tower from the renowned fashion and lifestyle media brand ELLE, has just released stunning renderings of its luxurious amenities. Reflecting the bold and cutting-edge design found in the pages of ELLE DECOR, the amenity spaces promise to offer residents a lifestyle filled with elegance and sophistication in Miami's vibrant Edgewater neighborhood. This venture, a collaboration with Vertical Developments and Urban Network Capital Group (UNCG), represents a significant expansion for ELLE, combining the brand’s signature Parisian influence with Miami’s vibrant culture.

Spanning two floors, the amenities at ELLE Residences Miami cater to all aspects of a luxurious lifestyle. Wellness enthusiasts will appreciate the high-tech gym, outdoor fitness lawn, and meditation garden, while those seeking relaxation can indulge in the luxurious spa with steam, sauna, and cold plunge. The outdoor spaces are perfect for socializing, with a gourmet summer kitchen, fire pit, and outdoor movie theater. The sundeck, inspired by the French Riviera, features a resort-style pool and private cabanas, while the rooftop pool offers breathtaking views of the city. Residents can also enjoy a stylish resident-only lounge with an entertainment salon and listening bar.

The 25-story tower will feature 180 turnkey residences, with floor plans ranging from 450 to 845 square feet, offering one or two bedrooms. Priced from the $525,000s, ELLE Residences Miami also offers a collection of penthouses. The interiors, in collaboration with ELLE, will be led by The One Atelier, while the striking facade was designed by Behar Font & Partners.

Situated at 3618 NE 5th Avenue, ELLE Residences Miami will be exclusively represented by Fortune Development Sales. With its exquisite amenities and prime location, ELLE Residences Miami is set to redefine luxury living in Miami's Edgewater neighborhood.

Sale of $23 Million Penthouse at Aston Martin Residences Sets Downtown Miami Record

Top luxury real estate agent David Rocca just sold the stunning Sky Penthouse at the Aston Martin Residences. The record-breaking sale represents the most expensive condo sale ever in downtown Miami history with a last asking price $23,000,000. Rising 817 feet above the city, this architectural masterpiece is now a defining feature of the Miami skyline.

Unit 5901, the pinnacle of luxury, spans an impressive 9,573 square feet of refined interior living. It boasts 4 spacious bedrooms, 7 lavish baths, and 2 powder rooms. Represented by leading luxury real estate agent David Rocca of The Agency Miami, the buyer secured a residence that truly redefines modern elegance.

The penthouse includes a family room, private gym, staff quarters, and an indoor pool for ultimate comfort. Its grandeur extends outdoors with 3,324 square feet of terrace space, creating a total of 12,897 square feet of pure opulence.

As the ultimate finishing touch, the purchase comes with a bespoke Aston Martin Miami Riverwalk Edition DBX—an exclusive symbol of sophistication and style.

Follow David Rocca on Instagram @owning_miami. He can also be reached at 310-977-7993 or at his website.

Images via David Rocca The Agency

The Agency Expands Presence in Florida with Fort Lauderdale Office

Global luxury real estate brokerage, The Agency, continues its rapid expansion with the opening of its newest office in Fort Lauderdale. This latest addition marks the firm’s fifth location in Florida, joining established offices in Miami, Naples, Orlando, and Palm Beach.

Leading the Fort Lauderdale office is a team of distinguished Managing Partners: Mauricio Umansky, Founder and CEO of The Agency; Santiago Arana, ranked as the #6 top agent in the U.S. by RealTrends; and Howard Elfman, a seasoned real estate professional with over 25 years of experience in South Florida, who will also serve as Managing Broker. Among the office’s standout listings is 733 Middle River Drive, one of Fort Lauderdale’s most expensive properties, priced at $47.9 million and represented by Rick Teed.

Fort Lauderdale has emerged as a key market for luxury real estate, driven by its vibrant lifestyle and strong investment appeal. Mauricio Umansky emphasized The Agency’s dedication to the region, stating, “With some of the industry’s most influential leaders at the helm, our Fort Lauderdale office is poised for success as we continue to expand throughout South Florida. Fort Lauderdale has quickly become a prime destination for buyers, and The Agency’s unmatched global network and expertise are perfectly positioned to serve this dynamic market. With its vibrant lifestyle and strong investment potential, we’re excited to bring The Agency’s signature brand to this thriving region.”

The Fort Lauderdale launch is part of The Agency’s significant global expansion efforts. In 2024 alone, the brokerage opened 28 offices, bringing its total to over 130 locations across 12 countries. Recognized by The Financial Times as one of America’s Fastest Growing Companies, The Agency has also ranked on Inc. 5000’s list of fastest-growing private companies for seven consecutive years.

In addition to its global reach, The Agency has cemented its reputation as a leader in the luxury real estate space, earning accolades such as Inman’s Luxury Brokerage of the Year and a top 20 spot on the 2024 RealTrends 500 list.

The new Fort Lauderdale office, located at 901 E Las Olas Blvd #204, positions The Agency as a vital player in the region’s luxury market. Howard Elfman expressed his excitement, stating, “Fort Lauderdale is experiencing incredible growth, and I am personally honored to expand our office with passionate, like-minded agents who share our commitment to collaboration.”

Terra, One Thousand Group and Major Food Group Break Ground on Villa Miami in Edgewater

Terra, led by David Martin; One Thousand Group, led by Kevin Venger, Louis Birdman and Michael Konig; and Major Food Group Co-Founders Jeff Zalaznick, Mario Carbone, Rich Torrisi along with Miami partner Alex Pirez, celebrated the official groundbreaking of Villa Miami, a visionary luxury tower marking the first condominium branded by the renowned hospitality brand. Uniting some of the most revered and respected legacy developers for the first time, the 650-foot tower is set to rise above East Edgewater's exclusive bayfront. The copper-clad, 56-story masterpiece introduces a limited collection of just 70 half- and full-floor residences, creating an unrivaled living experience rooted in service, cuisine and design.

“Our thesis for Villa Miami merges world-class design, culinary excellence and the finest living standards,” said David Martin, CEO of Terra. “This project elevates the luxury condo market while embracing a low-density approach that enhances exclusivity. With just 70 residences, Villa Miami offers our residents an elevated sense of privacy, allowing them to experience the feeling of 'homes in the sky' where the social spaces serve as natural extensions of their personal living spaces."

The project is being brought to life by Moss Construction, the award-winning firm behind Five Park Miami Beach, successfully delivered on schedule last month. Seawall work for Villa Miami started in September and the tower is slated for delivery in the fourth quarter of 2027.

“This groundbreaking marks a significant milestone in our entry into the luxury residential market,” said Jeff Zalaznick, Co-founder, Major Food Group. “Every aspect of this project reflects our shared vision and meticulous attention to detail. From the amenities and culinary offerings to the design elements and even the smallest touches, like bathroom sinks and kitchen finishes, our involvement has been deeply personal. This is more than just a building—it’s a celebration of MFG’s passion, precision and unmatched quality.”

Designed by ODP Architects, Villa Miami will serve as an architectural landmark within the East Edgewater neighborhood, offering direct access to Miami’s most coveted cultural, shopping and dining destinations, including the Miami Design District, Wynwood and Midtown. With panoramic views of Biscayne Bay and Miami Beach, the residences provide unparalleled connectivity to the city's vibrant energy, while being just minutes away from Miami Beach.

“We’re thrilled to break ground on Villa Miami with an extraordinary team of designers, architects, builders and partners,” said Kevin Venger of One Thousand Group. “Working with Vicky Charles and Kurt Dannwolf at One Thousand Museum, redefined Miami’s ultra-luxury condo landscape and architectural skyline. Now, we’re excited to collaborate with both of them to create another landmark that will elevate the Edgewater neighborhood and Biscayne Bay.”

At the heart of Villa Miami lies the creative genius of Major Food Group, the driving force behind globally renowned destinations like CARBONE, ZZ’s Club and Dirty French, which has redefined Miami’s culinary landscape. MFG’s first-ever residential project delivers an unmatched hospitality experience, expertly curating resident-only amenities that embody the group's signature style of luxurious decadence and white-glove service.

The result is The Copper Club, an exclusive three-floor private club for residents that comprises the building’s entire amenity suite and creates a curated lifestyle. The club boasts private dining rooms, lounges, a screening room, a hair salon and more, while the rooftop helipad and lounge, elevated pool deck, yacht club and wellness facilities complete MFG’s first residents-only club offering. Adding to the allure, Villa Miami will be home to a new MFG waterfront restaurant on the ground floor, where residents will enjoy priority seating.

Setting a new benchmark in interior design, Villa Miami is the first foray into a collaboration between hospitality geniuses Major Food Group and interior designer Vicky Charles of Charles & Co. who collaborated closely to perfect the residential and hospitality environments. Villa Miami marks Charles' debut Miami condominium project, renowned for her exceptional work with A-list celebrity clients and bespoke estates across the globe. Drawing inspiration from mid-century Italian villas, the flow of the bay outside and Miami’s colorful energy. The interiors flow with warm woods, curving furniture and ambient lighting.

Developers Terra, led by David Martin, and One Thousand Group are behind some of the city’s most iconic residential towers, from recently delivered Five Park Miami Beach and Mr. C Residences Coconut Grove to One Thousand Museum by Zaha Hadid.

Renderings via Binyan Studios

For more information about Villa Miami Residences or to inquire about purchasing a unit please fill out the form below:

Naftali Group Launches Sales for Viceroy Residences Fort Lauderdale

Globally recognized real estate development and investment brand Naftali Group and luxury hospitality company Viceroy, have launched sales for Viceroy Residences Fort Lauderdale, a 45-story luxury condominium development and the first Viceroy-branded property in Fort Lauderdale. Situated between Las Olas Boulevard and Flagler Village, Viceroy Residences Fort Lauderdale will redefine the residential experience in the city with over 25,000 square feet of thoughtfully designed amenities and bespoke services.

“Naftali Group has a proven track record of delivering exceptional, design-driven projects. Our partnership with Viceroy is a natural fit, as we share a commitment to creating extraordinary living experiences for our residents. Viceroy Residences Fort Lauderdale will embody this collaboration by offering a meticulously crafted building with high-quality residences and world-class amenities in Downtown Fort Lauderdale’s Flagler Village neighborhood.”

Viceroy Residences Fort Lauderdale will tell a new story for what it means to live at Viceroy through the brand’s newly evolved positioning centered around experiential storytelling. As a leading authority in luxury travel, Viceroy brings its commitment to design, personalized service, and experiences from hotels to residential living. Enriched with curated amenities and thoughtful design, Viceroy Residences will immerse owners in the culture, adventure and beauty of Fort Lauderdale.

“Viceroy is committed to crafting unique experiences that provide owners with access to exclusive offerings in the Fort Lauderdale area. Our goal is to fully immerse owners in the local culture, offering everything from adventure and sports to wellness and culinary experiences, all designed to enrich the lives of our owners. We are excited to collaborate with the Naftali Group, whose outstanding track record in luxury developments will not only enhance the residential offerings in Fort Lauderdale but help to ensure the lasting value of these Viceroy residences,” said Mark Keiser, President of Development at Viceroy.

Douglas Elliman has been selected as the exclusive sales and marketing brokerage for Viceroy Fort Lauderdale, bringing their unparalleled expertise in luxury real estate to this prestigious development. Residences span from studios to four-bedroom options including an exclusive collection of Penthouse residences located on uppermost floors.

“Our team is excited to be part of the exponential growth of luxury residences in Downtown Fort Lauderdale. Viceroy Residences Fort Lauderdale not only exemplifies exceptional design and amenities but is also ideally located in Downtown Fort Lauderdale’s Flagler Village neighborhood. We look forward to showcasing what makes this stylish property a standout addition to the city, and to working with Naftali Group in continuing their execution of premier residential properties across the nation,” says Jay Phillip Parker, CEO of Brokerage, Douglas Elliman Florida Region and President of Douglas Elliman Development Marketing, Florida.

Naftali Group, in collaboration with Miami-based architecture firm Arquitectonica and New York City-based interior design firm Rockwell Group, has crafted a modern design with nods to resort-style and nautical themes for Viceroy Residences Fort Lauderdale inspired by the flowing patterns of sea and sand, as well as the city’s rich sailing and yachting heritage. Emphasizing movement and light, the use of champagne bronze bands and subtle curved details add a refined elegance to the building’s facade while enhancing its contemporary aesthetic.

Upon entering, the grand, double-height lobby will feature a lushly landscaped exterior plaza and translucent screens that naturally filter light, mimicking the movement of water and coastal breezes. A monolithic desk with curved nautical shapes anchors the space, drawing residents and guests further inward. Cultural and experienced concierge staff will be available to assist with travel, transportation, entertainment and private services.

Residences will feature open-concept layouts with floor-to-ceiling windows and glass doors as well as generously sized terraces for seamless indoor-outdoor living, allowing for maximized views of Downtown Fort Lauderdale and views of the Atlantic Ocean from higher floors. Kitchens will feature Italian cabinetry with a light oak finish and Calacatta Miraggio Gold quartz slab countertops. Bathrooms are adorned with stunning Porcelanosa Rivoli white ceramic tile that creates a timeless backdrop. A luxurious Bianco Dolomite marble vanity tops provide a sleek and refined touch, perfectly complemented by Italian vanity cabinets finished in a light oak veneer for a warm, natural look. Polished nickel faucets and fixtures add a final touch of timeless sophistication.

With more than 35 amenities spread across 25,000 square feet, Viceroy Fort Lauderdale creates an unmatched urban oasis while prioritizing personal connection and comfort. The Port Lounge & Bar will feature a full bar with curved banquette couches, oversized chairs, marble coffee tables and floor-to-ceiling windows that open to an intimate garden patio. Residents can enjoy a variety of entertainment spaces including a game room, a karaoke room equipped with a digital song catalog and audio equipment and for younger residents, a kids’ room that features a dedicated arts and crafts area, book nooks and play spaces. Concierge services can activate entertainment spaces with personal chefs, bar service, waitstaff, décor, photography, and more.

For those looking to train or unwind, residents can enjoy an elite spa and health club experience, with a juice bar, studio space for yoga, Pilates, and meditation, a boxing/martial arts studio, and separate men’s and women’s saunas, steam rooms, and locker rooms. The dedicated full-time concierge can also book spa services such as private massages, facials, and other treatments with an outside provider if guests please.

Outdoors, residents can bask in Florida’s year-round sunshine by the full service private pool reserved for owners and their guests. An additional 72-foot-long lounge pool and hot tub are available, along with sundecks featuring private cabanas and chaise seating. There are also alfresco grilling and dining pavilions, along with a botanical garden lounge with open-air art installations offering residents a blend of nature, art and social spaces.

Viceroy Residences Fort Lauderdale also provides the perfect setting for productivity. The indoor/outdoor co-working lounge features casual seating and worktables with light oak finishes, textural fabrics, and oil-rubbed bronze accents. An architecturally crafted terrazzo amphitheater with a central living garden atrium provides a unique space for gatherings. Private workrooms, studies and conference rooms are also available by reservation. Additionally, residents can enjoy a quarterly social activations and programming calendar that includes fitness and wellness events, along with elite status in the Viceroy DISCOVERY Loyalty Program. This unique initiative offers recognition and benefits across over 550 hotels, featuring discounted Viceroy Room Rates, complimentary room upgrades, and more.

Located in Downtown Fort Lauderdale, Flagler Village has evolved from a once industrial warehouse district to a vibrant, rapidly growing neighborhood known for its rich arts and culture. The area is a hub of creative energy, home to many galleries, studios and monthly art walks that showcase local talent. Its proximity to Las Olas Boulevard and Fort Lauderdale Beach combined with its growing selection of trendy restaurants, bars and residential developments, has made Flagler Village a hotspot for young professionals and creatives alike.

Viceroy Residences Fort Lauderdale’s sales gallery is located at 451 NE 4th Street

Renderings via Naftali Group

For more information about Viceroy Residences Fort Lauderdale or to inquire about purchasing a unit please fill out the form below:

Director of Real Estate for Gucci Lists Residence at The Ritz-Carlton Residences, Miami Beach For $5.495 Million

Renowned designer David DeVos, Director of Real Estate for Gucci and Bruce Starr, founding partner and CEO of BMF, have listed their lavish residence in The Ritz-Carlton Residences, Miami Beach for $5.495 million. Unit 218 is a true masterpiece of modern luxury, designed to combine the world-class services of Ritz-Carlton with a refined aesthetic inspired by one of fashion's most iconic brands. The property spans 3,292 SF spread over 3 bedrooms, 3 full-bathrooms plus one half-bath, and is listed by Darin Tansey of Douglas Elliman for $5,495,000.

The Ritz-Carlton Residences, Miami Beach have attracted celebrity couple Cindy Crawford and Rande Gerber, Major League Baseball Hall of Famer Mike Piazza, and Miami Marlins’ Major League Baseball top draft pick Corey Dickerson.

DeVos and Starr’s professional endeavors and lifestyle choices underscore their commitment to excellence and innovation in the luxury sector. The couple updated every room and transformed the home with luxurious textures, premium finishes, and a modern elegance that exudes both sophistication and opulence. Their meticulous design seamlessly blends timeless style with contemporary comfort, creating an atmosphere that is both exclusive and welcoming. Floor-to-ceiling glass doors flood the space with natural light and open to a private terrace overlooking lush tropical landscapes and sparkling water views, creating a serene retreat in the heart of Miami Beach.

The interior is beautifully appointed with custom finishes and high-end features, including designer cabinetry, premium appliances, and elegant lighting. The spacious gourmet kitchen is a chef's dream, equipped with everything needed to entertain in style. Each bedroom offers a private sanctuary, with luxurious en-suite bathrooms and ample closet space, making it ideal for both relaxation and hosting guests.

One of the residence’s most compelling features is its access to the exclusive amenities offered by The Ritz-Carlton. Residents enjoy a tropical half-acre rooftop pool deck, a private day yacht, beach access concierge, and access to 36 private boat dockages. Additional enhanced services include 24-hour concierge, valet, and two attended lobbies.

The lifestyle amenities extend beyond typical luxury offerings to include a waterfront social room, infinity-edge pool, cabanas, restaurant, and meditation garden. Additional private spaces include a club room with a bar and multisport simulator, cinema-style screening room, on-site spa with steam room, and a state-of-the-art fitness center complete with yoga studios and a boardroom/library.

Images via Jose Lopez from Immersive Media Solutions

The Armani Group Reveals Armani/Casa Residences, Pompano Beach

The Armani Group has teamed up with several leading South Florida developers to create a landmark residential development in the heart of Pompano Beach. Armani/Casa Residences Pompano Beach will offer a limited collection of 28 residences, each a breathtaking masterpiece. This exclusive two-tower enclave seamlessly blends luxurious living with the serenity of its pristine oceanfront location. Residents will experience the unparalleled lifestyle synonymous with Armani – world-renowned elegance and sophistication – in a secluded, private setting.

The highly anticipated 19-story development offers 360-degree views and the privacy of one residence per floor across its two towers. Designed by the renowned G3 Architecture with landscape by West 8, the luxury residences offer a singular style and a level of exclusivity and amenities, rarely found in branded residences.

"This new residential project, the third in the United States, is one of the most exclusive of those I have carried out to date. I found the integration between the architecture, the natural landscape and the ocean particularly inspiring, and I was excited about the possibility of working for a demanding clientele, being able to convey my vision with complete freedom," said Giorgio Armani.

"We're excited to partner with renowned fashion designer Giorgio Armani as he expands his brand of luxury condos," said Tomas Sinisterra of SP Developments. "Armani/Casa Residences Pompano Beach introduces a new standard of elegance to Pompano Beach, making it a premier destination for those seeking refined condominium living and exceptional design."

Located at 1550 N Ocean Blvd, Armani/Casa Residences Pompano Beach will begin accepting condo reservations in Fall 2024, with Sales & Marketing efforts to be handled by Fortune Development Sales. Prices start at $5 million. The project is expected to break ground in 2025 with a completion anticipated for 2028. Development partners include SP Developments, Vertical Developments, WellDuo & GCF Development.

For more information about Armani/Casa Residences, Pompano Beach, or to inquire about purchasing a unit please fill out the form below:

FIRST ON PROFILE: Allen Morris Company Reveals Transformative Mixed-Use Development in the Heart of Coconut Grove

FIRST ON PROFILE: Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has revealed a transformative new mixed-use development in the heart of Coconut Grove. The iconic Oppenheim Architecture-designed plans invite the community in and complement the natural environment of the Grove and enhance walkability.

The project, located at 3101 Grand Avenue at the intersection of Grand Avenue, Matilda Street and Florida Ave, will span approximately 1.7 acres and include an office, residential, and retail component, all of which reflect the vibrant and unique character of Coconut Grove. The project’s name is still being finalized.

The proposed development will include a five-story office building comprising 100,000 square feet of world-class office space, a three-story condominium building with 20 ultra-luxury residences, and approximately 40,000 square feet of retail space on the ground floor of the two structures. A standout feature of the project will be a rooftop restaurant offering panoramic views of Biscayne Bay.

The development will also feature pedestrian-friendly paseos leading to a central interior courtyard filled with lush plantings that will create a relaxing environment for residents, workers and visitors alike. The ground floor retail spaces will spill into this area, with plans for a mix of shops, restaurants, and wellness-oriented concepts.

Prices will range from $2.5m to $8m.

The Allen Morris Company will be partnering with the Espinosa family on the development, a long standing and well-regarded family in the Grove who have owned and operated a business on the parcel since 1961. They plan to open a new location nearby, within Coconut Grove, to continue operations and will open an outlet of Coconut Grove Laundry & Cleaners on the site once the property is redeveloped.

As evidence of its commitment to the project and the community, The Allen Morris Company will be moving their corporate headquarters to the proposed office building where they plan to occupy approximately 15,000 square feet. The firm, however, will maintain its family office presence at its award-winning Alhambra Towers in Coral Gables.

“This site is the jewel at the center of historic downtown Coconut Grove. We feel strongly compelled to create a project on the site that captures the essence of The Grove: blending the natural and built environments and harmonizing through its design the residential and commercial elements of this neighborhood,” says Spencer Morris, President of Allen Morris Co. “Moving our corporate offices to Coconut Grove is also a defining moment in our 66-year history.”

“It was essential for us to ensure the project embodies the incomparable spirit of Coconut Grove and contributes positively to the neighborhood while allowing us to continue to serve Coconut Grove and surrounding areas where we have operated our business for more than 60 years,” said an Espinosa Family representative. “Our desire was to create something we could take pride in—an endeavor that leaves a meaningful and lasting legacy for future generations, and we believe we have found the best partner possible in Allen Morris Co. because of their commitment to embrace and preserve the Grove’s uniqueness”

Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. The Saddy Delgado team with ONE Sotheby’s International Realty will oversee condominium sales. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts.

“The project will redefine the office experience in Coconut Grove, combining cutting-edge architecture, state-of-the-art amenities and a deep connection to the vibrant Grove community,” adds Ryan Holtzman, Executive Managing Director, Cushman & Wakefield. “It will set the gold standard in the office world—offering tenants an unparalleled blend of style, warmth and inspiration. It will undoubtably drive a flight to quality, drawing Miami’s top firms and attracting new-to-market firms from leading global cities,”

Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements. The building will incorporate lush plantings, with oolite stone cladding and other natural materials throughout the design to compliment the neighborhood’s distinctive style. Andres Arcila, with Naturalficial, will direct the landscape design for the project.

“This project sets a new standard for luxury living in Coconut Grove, a market that continues to be one of the most sought-after in South Florida,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The residences present a rare opportunity to own a home in a Chad Oppenheim-designed building located at the center of it all—with unbeatable walkability and access to the best of the neighborhood. We are proud to represent a development of this caliber and contribute to the continued evolution of Coconut Grove.”

In addition to the development’s focus on community and sustainability, Allen Morris Co. and the Espinosa family are proposing to partner with the City of Miami by agreeing to manage and financially contribute to a series of public improvements to the nearby Kirk Munroe Park and Fuller Street that will realign the civic heart of Coconut Grove and reinforce the neighborhood’s pedestrian character.

Renderings via Ziggurat

For more information about 3101 Grand Ave. or to inquire about purchasing a unit please fill out the form below:

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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