Terra Group

What Terra Group does

Terra Group is a Miami-based, privately held real estate development company founded in 2001 by David Martin and his father Pedro Martin, operating as an integrated developer across South Florida. Its portfolio spans luxury residential condominiums, branded hospitality residences, mixed-use communities, commercial office and retail, adaptive-reuse projects, and large-scale master-planned developments. The firm distinguishes itself through public-private partnerships that deliver community amenities (parks, transit infrastructure, affordable housing) in exchange for development rights on government-owned or referendum-approved sites — a model that has produced a 2-1 voter-approval track record across Miami development politics and a $14 billion active project pipeline alongside an $8 billion completed portfolio. Notable completed and in-flight projects include Grove at Grand Bay (the first LEED Gold-certified residential building in Miami-Dade County, designed by Bjarke Ingels Group), Park Grove (OMA/Rem Koolhaas), Five Park, Mr. C Residences Coconut Grove, Villa Miami, Miami Tropic (with Jean-Georges), THE WELL Coconut Grove and Bay Harbor Islands, and the upcoming 800-room Grand Hyatt Miami Beach convention hotel (with Turnberry Associates, opening late 2027).

The company's business model is real estate development: it acquires or controls land, often via joint venture with capital partners (ESJ Capital, Frisbie Group, Rialto, DRA Advisors, CP Group, Lion Development, AB Asset Management, Turnberry), entitles and develops properties, and monetizes through unit sales, commercial leasing, or — in branded residence and hotel programs — partnerships with hospitality brands (Hyatt, Cipriani/Mr. C, Jean-Georges, THE WELL) that command 20-40% pricing premiums versus non-branded comparables. Pricing spans approximately $1.1M entry points (Jean-Georges Miami Tropic) to over $100M ultra-luxury waterfront estates (Villa Miami, Grove at Grand Bay); commercial and retail space is leased to anchor tenants including Target, Sprouts, Publix, Hobby Lobby, Ross, Marshalls, and Total Wine. Disclosed annual revenue is $670M, with approximately 100 employees operating from a headquarters at 3310 Mary Street in Coconut Grove. Customer concentration sits with international ultra-high-net-worth individuals acquiring primary or secondary residences, while commercial projects serve national retail and office tenants, and the firm maintains a recurring slate of B2B partnerships across hospitality branding, JV equity, and construction financing (e.g., $392M from TYKO Capital, $98M from Northwind Group).

Name

Terra Group

Legal name

Terra (Terra Group and Terra International)

Website

https://terragroup.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Terra Group is a Miami-based private real estate developer founded in 2001 by David and Pedro Martin, building luxury residences, branded hospitality projects, mixed-use communities, and commercial properties across South Florida via public-private partnerships and joint ventures.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Luxury real estate
• Mixed-use development
• Branded residences
• Transit-oriented development
• Commercial real estate

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Luxury Residential Development Sales: Terra develops and sells luxury condominiums and residences, with unit prices ranging from approximately $1 million to over $100 million for ultra-luxury waterfront properties. Revenue is generated through unit sales at completion.
2. Commercial and Mixed-Use Development: Development of retail centers, office buildings, hotels, and mixed-use properties. Revenue includes sales or long-term leasing of commercial spaces to tenants.
3. Public-Private Partnership Development: Terra specializes in developing government-owned land through public-private partnerships, providing parks, community facilities, and infrastructure in exchange for development rights.
4. Hotel Development: Development of hotel properties including the Grand Hyatt Miami Beach, generating revenue through property sales or long-term hotel operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Terra Group is a Miami-based real estate development company that develops, owns, and sells luxury residential condominiums, branded hospitality residences, mixed-use developments, commercial properties, and hotels across South Florida. The company partners with world-renowned architects (OMA/Rem Koolhaas, Bjarke Ingels Group, Arquitectonica) and global hospitality brands (Grand Hyatt, Cipriani, Jean-Georges, THE WELL) to deliver high-end projects such as Villa Miami, Park Grove, Grove at Grand Bay, Mr. C Residences, and the Grand Hyatt Miami Beach.

Product overview

Terra Group is a Miami-based real estate development company operating as an integrated development firm across South Florida. The company operates across multiple product categories including luxury residential developments, branded hospitality residences, mixed-use properties, and commercial real estate. Their portfolio includes branded residential projects in partnership with hospitality brands (Mr. C by Cipriani, THE WELL wellness residences, Jean-Georges culinary residences), architecturally significant towers (Villa Miami, Five Park, Park Grove with OMA/Rem Koolhaas, Grove at Grand Bay with Bjarke Ingels), transit-oriented mixed-use developments (Grove Central, Miami Beach Convention Center Hotel), and commercial/retail properties (Mary Street, Doral Square, Pines City Center). The company also manages ongoing projects including Watson Island development, Deauville Beach Resort redevelopment, and Boca Raton Innovation Campus.

Differentiator

Problem solved

Functional benefit

Products and services

• Villa Miami A 55-story waterfront tower with 49 luxury residences, featuring a helicopter pad and private dock, designed in partnership with Major Food Group and ODP Architect for ultra-high-net-worth buyers.
• Miami Tropic A 49-story residential tower with 338 residences in Miami's Design District, developed in partnership with Michelin-starred chef Jean-Georges Vongerichten and Lion Development Group, featuring 41,000 sq ft of amenities.
• THE WELL Coconut Grove An 8-story wellness-focused residential development with 194 residences in Coconut Grove, featuring a 13,000 sq ft wellness club, 40,000 sq ft rooftop, and Florida Green Building Design Silver Certification, developed with AB Asset Management.
• Five Park A 48-story luxury residential tower in Miami Beach with 98 residences and a three-acre public park, featuring a pedestrian bridge designed by Daniel Buren. Completed 2024.
• THE WELL Bay Harbor Islands A mixed-use development with 66 luxury condominiums and 98,420 sq ft of office space in Bay Harbor Islands, featuring over 22,000 sq ft of wellness amenities and integrated wellness services.
• Park Grove Three 20-story towers with 271 luxury condominiums in Coconut Grove, designed by OMA/Rem Koolhaas with 5 acres of Enzo Enea-designed gardens. Completed 2021.
• Mr. C Residences West Palm Beach A 27-story tower with 146 residences and 110 hotel suites in West Palm Beach, developed in partnership with Ignazio and Maggio Cipriani of the Cipriani family, featuring Bellini Rooftop lounge.
• Mr. C Residences Coconut Grove Two 21-story towers with 231 residences in Coconut Grove, designed with nautical themes inspired by luxury yachts, developed in partnership with Ignazio and Maggio Cipriani. Completed 2024.
• Grove Central A transit-oriented development at Coconut Grove Metrorail Station featuring 402 multifamily apartments in a 23-story tower and 170,000 sq ft retail space anchored by Target, Sprouts, Total Wine, and Five Below.
• GLASS An 18-story luxury residential tower in South of Fifth, Miami Beach with only 10 full-floor residences featuring 360-degree views, designed by Rene Gonzalez Architect.
• Grove at Grand Bay Two 20-story twisting towers with 98 residences in Coconut Grove, designed by Bjarke Ingels Group (BIG), the first LEED Gold-certified residential buildings in Miami-Dade County. Completed 2016.
• Mary Street A LEED Silver-certified adaptive reuse project in Coconut Grove featuring innovative Class-A office and flexible retail space, home to Terra Group's headquarters.
• Miami Beach Convention Center Hotel (Grand Hyatt) An 800-room Grand Hyatt hotel adjacent to Miami Beach Convention Center featuring 90,000 sq ft meeting space, 15,000+ sq ft retail, expected to open late 2027, developed with Turnberry Associates.
• Pines City Center An 80-acre master-planned village in Pembroke Pines with 300,000 sq ft retail, entertainment, and over 1,400 residential units, anchored by Publix and Hobby Lobby.
• Doral Square A 150,000 sq ft retail and commercial development in Doral featuring adaptive reuse design, anchored by Marshalls, Ross, and UFC Gym.
• Doral Commons A 138,000 sq ft community shopping center in Doral on 18.29 acres, anchored by Publix, Wells Fargo, Citi Bank, Jackson Health, and TJ Maxx.
• Doral Cay A 17-acre gated community with 158 two-story luxury townhomes in Doral, featuring Caribbean-inspired architecture and resort-style amenities.

Quantifiable outcome

• Branded properties command 20-40% premium over non-branded comparable homes
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered flagship, major and core.

• Turnberry AssociatesflagshipStrategic or Co-development Partner · 11 April 2025Terra and Turnberry are developing the Grand Hyatt Miami Beach, an 800-room hotel near the Miami Beach Convention Center with $392 million construction financing from TYKO Capital. The $600 million project is expected to open in late 2027.
• ESJ Capital PartnersflagshipStrategic or Co-development PartnerTerra and ESJ Capital Partners won voter approval for Watson Island redevelopment, paying $135 million for 5.4 acres and donating $15 million for affordable housing and infrastructure. They will build 13 acres of public park.
• Frisbie GroupmajorStrategic or Co-development PartnerTerra and Palm Beach-based Frisbie Group are developing the Boca Raton City Hall Campus (2.5M sq ft, 1,129 residences) and the Palm Beach Kennel Club site (2,000 apartments) in West Palm Beach.
• Rialto Capital ManagementmajorStrategic or Co-development PartnerTerra partnered with Rialto Capital Management, DRA Advisors, and CP Group for the Boca Raton Innovation Campus development, reimagining the iconic IBM site as mixed-use transit-oriented community.
• DRA AdvisorsmajorStrategic or Co-development PartnerPartnership entity for Boca Raton Innovation Campus development involving 1.7 million sq ft suburban campus.
• CP GroupmajorStrategic or Co-development PartnerCP Group is the current owner of Boca Raton Innovation Campus (1.7M sq ft), working with Terra for phased development of 1,200 residences and commercial space.
• BH3 ManagementmajorStrategic or Co-development PartnerFort Lauderdale-based BH3 Management won approval with Merrimac Ventures for the south side of Watson Island, building condos, hotel rooms, retail, and offices.
• Merrimac VenturesmajorStrategic or Co-development PartnerMerrimac Ventures partnered with BH3 for Watson Island south side redevelopment across from Terra's north side project.
• Lion Development GroupcoreStrategic or Co-development PartnerTerra and Lion Development Group are co-developers of Jean-Georges Miami Tropic Residences, a 49-story tower with 338 residences in Miami's Design District.
• AB Asset ManagementcoreStrategic or Co-development PartnerTerra partnered with AB Asset Management for THE WELL Coconut Grove development, a wellness-focused 8-story residential project with 194 residences.
• Jackie Soffer / TurnberryflagshipStrategic or Co-development PartnerJackie Soffer and Turnberry Associates (owner of Aventura Mall) are Terra's partners in Grand Hyatt Miami Beach, receiving $75 million city grant.

Scale indicators9 records

Recent moves13 records

Expansion highlights7 records

Direct peers

• Kolter Group: Florida-based developer with luxury residential projects across the state, including branded and high-end condo developments. Competes in similar South Florida submarkets and buyer demographics.
• Dezer Development: Miami-based developer specializing in branded luxury residences (Porsche Design Tower, Bentley Residences, Aston Martin Residences). Direct competitor in the ultra-luxury branded residence segment that Terra also targets with Cipriani, Mr. C, and THE WELL partnerships.
• Turnberry Associates: South Florida developer and Terra's co-development partner on the Grand Hyatt Miami Beach hotel. Operates across Aventura, Miami, and Sunny Isles, competing in the same luxury market segments and buyer demographic.
• Swire Properties: Hong Kong-based luxury developer with a major Miami presence (Brickell City Centre, Brickell Flatiron). Competes directly for high-end South Florida buyers and waterfront sites with similar product positioning and architectural ambition.
• Related Group: Largest Miami-based luxury and condo developer and a direct competitor in the South Florida luxury and branded residence market. Related Group pursues the same high-net-worth buyer pool and competes for premium development sites across Miami-Dade and Broward.
• BH3 Management: Fort Lauderdale-based luxury developer partnering with Merrimac Ventures on Watson Island's south side redevelopment. Directly competes with Terra in South Florida luxury condo and mixed-use development.
• Merrimac Ventures: South Florida-based luxury developer partnering with BH3 on Watson Island's south side. Direct competitor in the high-end condo, hotel, and mixed-use segments where Terra also operates.
• Fortune International Group: Miami-based luxury condo developer with branded residence projects (Ritz-Carlton Residences, JW Marriott Marquis). Direct competitor in the South Florida luxury and branded condo segment.

Emerging players

• JDS Development Group: New York-based luxury developer expanding into Miami (Monad Terrace, 111 West 57th Street). Competes for the same ultra-luxury buyer pool and shares a design-forward, architect-led development approach with Terra.

Broad incumbents

• The Related Companies: Major national real estate developer with luxury residential projects in NYC (Hudson Yards, 15 Hudson Yards) and Miami. Broader portfolio scope than Terra but overlaps in luxury residential and branded residence categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/terragroupmiami
• LinkedInlinkedin.com/company/terra-group
• Instagraminstagram.com/terragroupmiami
• Xx.com/terragroupmiami

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terra Group