Terra Group’s Twin-Tower Project In Coconut Grove Gets $185M Construction Loan

Coconut Grove will soon see construction of a twin-tower, luxury branded residential project.

Developer Terra Group obtained $185 million in construction financing to begin work. Demolition of an older building on the site has been completed.

Two 20-story towers are planned.

Terra Group said they would be unveiling details in the coming months, including luxury branding for what they say will be a high-end project.

According to a filing with Miami’s Planning Department last year, the project will include:

  • 303 residential units
  • 32,160 square feet of office
  • 574 parking spaces

“The development will be our latest contribution to Coconut Grove’s residential and commercial landscape, following Grove at Grand Bay, Park Grove, our Mary Street office and retail development, and our next project, Grove Central, which will bring residential and commercial uses and a multi-modal transit hub at the entrance to the Grove,” Terra President David Martin said.

Last year, the developer said that units would be rental apartments.

Meyer Davis and Arquitectonica are designing the project.

Arquitectonica has said the design was inspired by Coconut Grove’s history as a sailing destination.

 

 

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Anonymous
1 year ago

it looks like one of those portable square fans they sell at Walmart.I don’t care how it looks i hope they build it and the groove keeps making a comeback

Anonymous
1 year ago

Am I the only one seeing one tower only here and not twins?

Anonymous
1 year ago

same

Anonymous
1 year ago

Seems to be two different designs in these renders and plans? Very confusing

Anonymous
1 year ago

The final rendering seems to possibly show two—the larger “box” shown in the other renderings seems possibly cut into two narrower towers, along a single line??? Definitely confusing.

Anonymous
1 year ago

The 2nd tower is part of the project but not happening till 2050

Shawn Kouri
1 year ago

Yes. The more office space is the better. Start construction on this thing.

Anonymous
1 year ago

this isn’t office…

Anonymous
1 year ago

per the above: “32,160 square feet of office”

Anonymous
1 year ago

Love the design but I see no sail or nautical inspiration

Anonymous
1 year ago

Look’s like a larger Mr. C.

Anonymous
1 year ago

Too bad Arquitectonica’s recent stuff isn’t at this standard for Downtown and Edgewater.

Anonymous
1 year ago

Silly looking design. Sad- as it is on such a nice property.
The building that Terra just renovated only to tear it down a few years later was much nicer.

Anonymous
1 year ago

Wonder if Terra is thinking of all the buyers they sold units to in the ‘BIG’ Grand Bay buildings? These new buildings certainly look like they are going to be blocking the views east in those buildings. Seems a bit of a “screw you” to those who waited the two extra years as they figured out how to construct the ‘twisted sisters’ to get units that are slowly being blocked by Terra’s new projects.

Anonymous
1 year ago

Ugly building. The whole feeling of the grove is being destroyed by all these tacky designs…It’s like the movies, everything looks the same… no more originality…It’s a fine balance between elegant designs and cheap, tacky shape collages with absolutely no rhyme or reason…

Anonymous
1 year ago

Great project!!!!

Anonymous
1 year ago

Looks nice.

Shawn Kouri
1 year ago

Oh yes. Start construction.

Anonymous
1 year ago

Keep building thousands of spots and you’ll keep having gridlock. Decision makers need to know that. If they do then they just don’t care about you or me.