Terra Breaks Ground on Miami Mixed-Use Project
Plans call for a luxury condo and office development in the Bay Harbor Islands neighborhood.
Terra has commenced construction on THE WELL Bay Harbor Islands, a luxury condo and office development in Miami’s Bay Harbor Islands.
Plans call for an eight-story residential building with 54 condominiums and a 102,000-square-foot, four-story office component. The project represents the first THE WELL-branded condo and office development. Construction is expected to be completed in the second quarter of 2025.
Douglas Elliman Development Marketing is leading the sales efforts for the luxury residences, with prices starting at $1.2 million. The condominiums’ interiors have been designed by Meyer Davis, while Arquitectonica is the architect in charge. At the time of the groundbreaking, the residences were already 50 percent sold. Blanca Commercial Real Estate is the appointed leasing agent for the office building.
Rising at 1100 Kane Concourse, the residential building will include waterfront condominiums ranging from 924 to 3,291 square feet. The residences will feature living rooms with light-filled layouts, wood floors, lighting dimmers, bedrooms with aromatherapy diffusers, highly functional kitchens, dual pressure showers and other wellness-inspired amenities.
THE WELL Bay Harbor Islands will also comprise more than 22,000 square feet of amenities, including a wellness center available to residents and office tenants alike. The facility will feature a spa center, a fitness center, multiple treatment therapies and detox programs, a swimming pool, a hot tub, a lounge area with private cabanas, a summer kitchen, two rooftop decks, a private boardroom and a reading room, among others.
The project’s Class A office component has been designed to prioritize the future tenants’ mental and physical health. Amenities will include a common-area lobby, as well as food and beverage services. Tenants will also have access to community gardens and a rooftop with outdoor meeting spaces, outdoor fitness classes programs and bathrooms for use after workout sessions. The building will also feature controlled access, parking spaces, full-service concierge services and access to annual health coaching classes, among others.
Miami, a hotspot for luxury condo projects
Multiple luxury condo projects have recently been announced in Miami, including The Related Group‘s 21-story tower project in Pompano Beach, Fla. Dubbed Casamar Residences, the 119-unit development broke ground in May, with completion scheduled in 2025.
In April, CMC Group commenced construction on a 65-unit luxury boutique condominium project on Miami’s private island of Grove Isle. The seven-story building is the first new development on the island in more than 40 years.