Terranova Secures Nearly 100K SF in New Leases

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PROFILEmiami,  – April 9th, 2026

TERRANOVA SECURES NEARLY 100K SF IN NEW LEASES TOTALING $56 MILLION IN CORAL GABLES


Terranova Corporation, a prominent South Florida commercial real estate firm, has announced the successful execution of 96,791 square feet of new and expanded leases across nine properties on and surrounding Miracle Mile, totaling $56,396,408. This velocity underscores the firm’s continued investment in Coral Gables and its ongoing appeal as a premier mixed-use destination.

Completed over the past five months, the leasing activity reflects sustained demand from financial services, hospitality, wellness, and experiential retail tenants seeking high-quality space in one of Miami’s most walkable and affluent submarkets.
 
 
 
 
 

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Nearly 100,000 square feet leased on Miracle Mile

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CORAL GABLES GAZETTE,  – April 9th, 2026

Nearly 100,000 square feet leased on Miracle Mile as Coral Gables draws new wave of tenants


Terranova Corporation, the largest landlord on Coral Gables’ Miracle Mile, has executed 17 new leases and one expansion totaling 96,791 square feet and more than $56 million in rent over the life of the agreements — a leasing pace that city officials and real estate observers say reflects a broader shift in South Florida’s commercial real estate market toward Coral Gables as a premier mixed-use destination.
 
The deals, completed over five months beginning in November 2025, span nine properties on and around Miracle Mile and Alhambra Circle and include a cross-section of restaurant, financial services, wellness, and flexible office tenants. Together they represent what Terranova’s leadership describes as a deliberate effort to reposition the corridor as an all-day destination capable of competing with Brickell and Miami Beach at a fraction of the cost.
 
 

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Cult Movie Director’s New Studio Is Latest Signal Of Miami Beach’s Pivot Away From Partying

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BISNOW, by Matthew Wasielewski – September 10th, 2024

WHILE TERRANOVA IS THE LANDLORD OF SOME OF MIAMI BEACH’S SWANKIEST RESTAURANTS, BITTEL SAID THOSE CULINARY DESTINATIONS ARE NOT THE ESTABLISHMENTS LOCAL RESIDENTS MOST OFTEN MENTION TO HIM.




“I’m astonished how many thanks I get for bringing Cheesecake Factory to the beach,” Bittel said, adding that he most likely gets the accolades from friends with children who live near the beach.

“Cheesecake Factory is obviously a very popularly priced restaurant, doing close to $1M a month in sales with no grand opening and no marketing,” he said. “And their core base is our local residents.”

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