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Current media coverage and upcoming developments hand-picked from the industry.
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Chairman Stephen Bittel talks real estate, trends, and building better communities.
Gables considers 7-story hotel on mile designed by Arquitectonica.
MIAMI HERALD — SEPTEMBER 13, 2019 — BY REBECCA SAN JUAN Coral Gables has moved a step closer to having a seven-story hotel on Miracle Mile. The Coral Gables Planning and Zoning Department recommended that Gables Miracle Mile, LLC, registered under Terranova Corp., build at 220 Miracle Mile. The parcel comprises eight lots on less than an acre. In a 4-2 vote, the department Wednesday approved a receipt of transfer of development rights and a…
Stephen Bittel’s Terranova wants in on the hotel game on Miracle Mile
THE REAL DEAL — JULY 25, 2019 — BY KATHERINE KALLERGIS Terranova Corp. is planning to build a mixed-use hotel on the newly ramped Miracle Mile in Coral Gables. Gables Miracle Mile LLC, an affiliate of Stephen Bittel's Miami Beach firm, submitted a proposal for the Mile Hotel and Shops, a 120-key development at 220 Miracle Mile. The Arquitectonica-designed property would be seven stories and 70 feet, with more than 28,000 square feet of retail…
Hotel proposed on popular Coral Gables street
SOUTH FLORIDA BUSINESS JOURNAL — JULY 24, 2019 — BY BRIAN BANDELL Terranova Corp. wants to redevelop a retail buildling on Miracle Mile in Coral Gables into a hotel with ground-floor retail and restaurants. The heart of the city's downtown and entertainment district, Miracle Mile recently received a streetscape enhancement. On July 26, the city's Development Review Committee will consider plans for a six-story building at 200 Miracle Mile. The 23,940-square-foot site is owned by…
South Florida PepsiCo bottling plant could be redeveloped
SOUTH FLORIDA BUSINESS JOURNAL — February 14, 2019 — BY BRIAN BANDELL The PepsiCo bottling plant in Doral could be rezoned for a large commercial and industrial project called District 79. A joint venture between Miami-based Terra and Miami Beach-based Terranova Corp., through 7777 Investments, filed an application with city officials Jan. 14 to rezone the 23.7-acre site as a planned unit development. They acquired the property at 7777 NW 41st from PepsiCo for $40.3 million in…
Terra and Terranova plan retail and industrial project in Doral
THE REAL DEAL — February 8, 2019 — BY KATHERINE KALLERGIS Terra and Terranova Corp. are planning to build a mixed-use commercial project on a nearly 24-acre site in Doral. The two developers are aiming to present their proposal for District 79, an industrial and retail development at 7777 Northwest 41st Street, to the commission by the summer, a spokesperson for Terra said. David Martin, co-founder and president of Terra, said the joint venture is planning for the…
PepsiCo sells Miami-Dade site to Terra, Terranova for $40M
SOUTH FLORIDA BUSINESS JOURNAL — January 2, 2018 — BY BRIAN BANDELL PepsiCo sold its Miami-Dade County offices and bottling plant for $40.27 million to a joint venture between local developers Terra and Terranova Corp. The Business Journal reports in July that the beverage company (NYSE: PEP) listed the 23.7-acre site at 7777 NW 41 St. in Doral for sale. The listing agents were NAI Global's Jay Olshonsky, Clifford Moskowitz and Kimberly Kocur, plus NAI Miami's Gabriela Garcia-Menocal and Lucia Custer.…
Expanded retail building opens on Lincoln Road with new tenants
SOUTH FLORIDA BUSINESS JOURNAL — November 3, 2017 — BY BRIAN BANDELL Terranova Corp. completed the renovation and expansion of a retail building on South Beach's Lincoln Road, one of the nation's most expensive shopping districts. Miller Construction completed the $15 million project at 801 Lincoln Road, at the corner of Meridian Avenue. The three-story building totals 27,077 square feet. The construction of the Art Deco-style building required rerouting power, water, and sewer connections. "Terranova's vision for…
Terranova to open Miami Beach food hall off Lincoln Road
THE REAL DEAL — March 30, 2017 — BY KATHERINE KALLERGIS On the ground floor of the new Marshalls building just off of Lincoln Road, Terranova Corp. plans to open a food hall by the summer of 2018. The Lincoln Eatery, at 723 North Lincoln Lane, will join a handful of new food halls planned for the Miami area. Miami Beach-based Terranova is handling the management and leasing of the project, a 9,600-square-foot food hall that…
Coral Gables garage development battle continues
MIAMI TODAY — December 13, 2016 — BY CATHERINE LACKNER. The competition to redevelop two garages owned by the City of Coral Gables is very much alive, city sources said this week. Though an evaluation committee voted for a proposal by The Allen Morris Company and The Related Group on Dec. 6, “The city commission reserves the right to negotiate with the evaluation committee’s second choice, or with anyone,” said Javier Betancourt, city economic development director.…
Overhaul: Coral Gables spruces up the Miracle Mile streetscape
FLORIDA TREND — June 2016 — BY ROCHELLE BRODER-SINGER. To boost evening and weekend business, downtown Coral Gables is undergoing major streetscape improvements. The two most radical changes on Miracle Mile will be 23-foot-wide sidewalks that can accommodate outdoor dining (sidewalks are currently 15 feet wide) and parallel parking along the street instead of angle parking. There will also be gardens, landscaping, more trees, decorative lighting and better directional signs, along with a new drainage system. The parking…
Retail project on South Beach’s Lincoln Road launches construction
SOUTH FLORIDA BUSINESS JOURNAL — April 13, 2016 — BY BRIAN BANDELL. Terranova Corp. has started its construction and renovation project on South Beach’s trendy Lincoln Road retail strip. Miller Construction Co. is the general contractor for the $11.8 million project at 801 Lincoln Road. About half of the building was demolished and a new, three-story shop will be built on the corner of Meridian Avenue. CLICK HERE FOR THE FULL ARTICLE
Check out construction of the new Miami Beach Anthropologie
THE REAL DEAL — April 13, 2016 — BY KATHERINE KALLERGIS. Terranova Corporation is moving forward with construction of its 801 Lincoln Road project, a new retail and restaurant building that will house retailer Anthropologie. The development firm and brokerage, led by Stephen Bittel, tapped Miller Construction Company to build the $11.8 million project just north of Lincoln Road on Meridian Avenue. It will be completed by the end of 2016, according to a press release. Construction…
The Developer Who’s About to Transform Lincoln Road
BISNOW — March 16, 2016 Despite the defeat yesterday of the proposed 800-room Miami Beach Convention Center hotel (it got 45% yes but needed 60%), other initiatives may create new excitement in the area. Get ready for a juiced up "Lincoln Lane" nearby - and an enlarged Lincoln Road "District" eventually up to 17th Street. That's the vision of Terranova founder Stephen Bittel, well underway with two buildings on a little parallel street between Lincoln Road…
Miami Beach’s Eight-Block Landmark District Expansion Announced
CHAIN STORE AGE — August 11, 2015 — BY MELONIE MESSINA. Terranova, Lincoln Road shopping district’s largest property owner, released redevelopment plans to activate Lincoln Lane North by developing 723 North Lincoln Lane and 801 Lincoln road buildings. These buildings are part of Miami, Florida’s eight-block retail, dining and entertainment district located blocks from Miami Beaches. Construction recently began on the vertical expansion of 723 North Lincoln Lane, a building just north of Lincoln Road…
New Terranova Buildings Geared To Expand Lincoln Road District
THE REAL DEAL — March 5, 2015 — BY INA CORDLE Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723 Lincoln Lane and 801 Lincoln Road, are geared to expand the Lincoln Road shopping district from the pedestrian promenade to 17th Street. As rents reach…