The latest of what’s going on from Terranova’s office to yours.

Summer Sizzles for Coral Gables’ Retail Real Estate Market: Terranova Welcomes Multiple New Tenants

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MIAMI BEACH, FL – July 9, 2019 – Terranova Corporation, South Florida’s leading commercial real estate firm, has announced a plethora of new tenants opening in one of the most prestigious and affluent retail locations in Miami -Dade County – Coral Gables’ Miracle Mile.

On the heels of the one-year anniversary of the completed streetscape project, which included widened sidewalks and outdoor seating, Miracle Mile – downtown Coral Gables’ pedestrian friendly major retail corridor, is also celebrating the openings of a number of exciting new merchants to The City Beautiful mix.

Popular South Florida concept Carrot Express continues its domination of the healthy fast casual market with the opening of its fifth South Florida location at 259 Miracle Mile later this summer. With something for everyone and perfect for a quick lunch onsite or on the go, Carrot Express offers a wide selection of vegan and vegetarian sandwiches and salads to choose from along with signature wraps, simply grilled chicken dishes and poké bowls.

The nation’s leading medical spa, LaserAway, opened their first Florida flagship location in Coral Gables earlier this year at 263 Miracle Mile. Founded by Dr. Roy S. Winston in Southern California in 2006, LaserAway has a celebrity cult-like following specializing in laser hair removal, tattoo removal, skin care, and anti-aging services. Using the latest innovations in aesthetics science and technology to develop some of the best treatments in the field, LaserAway is among the fastest growing companies in the industry.

Beginning as a family enterprise in Barcelona in 1922, Pronovias opened its first U.S. Flagship store this past month at 360 Miracle Mile. The brand was founded on lace, embroidery, and high-quality silk fabrics demanded by high-society brides. The Spanish luxury bridal retailer is continuing its traditions and is further expanding in the U.S. Market with several new stores opening across the country.

The growth of Miracle Mile ties in perfectly to Coral Gables’ evolution into a city in and of itself.  “More dining, entertainment and shopping options are only fitting for an area that offers one of the densest downtown districts in all of Miami,” says Stephen Bittel, Chairman and Founder of Terranova Corporation.  “It’s no surprise that retailers and restaurateurs are taking a close look at Coral Gables, especially with the completion of the streetscape project.  Now everyone is clamoring for space on the Mile to be in the thick of it all.”

CLICK HERE FOR THE PDF PRESS RELEASE

Terranova Corporation, South Florida’s leading commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate.

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Summer Continues to Sizzle for Miami’s Retail Real Estate Market

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MIAMI BEACH, FL – July 30, 2018 – Terranova Corporation, South Florida’s leading commercial real estate firm, has announced a plethora of new tenants opening in two of its most prestigious retail locations in Miami-Dade County – Coral Gables’ Miracle Mile and Miami Beach’s coveted world-famous pedestrian thoroughfare Lincoln Road.

On Lincoln Road, three new restaurants and a café embracing the diversity of Miami Beach’s local and tourist populations, join the vibrant mix of dining destinations and retail outlets on the Road.  At the same time, Miracle Mile welcomes two fast casual restaurants and a unisex salon and spa to the Mile in tandem with the completion of the city’s streetscape beautification project.  In June 2018, Terranova announced the first wave of vendors (there will be 16 in total) many of them exciting new local concepts in their first brick and mortar location, that have signed on to their new 9,600 square foot food hall, The Lincoln Eatery (TLE), located just north of Lincoln Road.  TLE is slated to open in December 2018.

This eclectic group of new restaurants, carefully selected for their local flavor, all have roots in the Miami melting pot:

Taverna, a full-service Argentine-Italian bar & grill opened on July 9, 2018 at 719 Lincoln Road. With a moderately-priced menu featuring salads, steaks, seafood, pizza and pasta, the rustic restaurant encompasses more than 3000 square feet.

7 Spices Restaurant is a full-service Mediterranean-American restaurant serving lunch and dinner daily opened July 29, 2018 at 610 Lincoln Road. With combined seating for over 100 the modern eatery will offer Greek, Turkish and Lebanese cuisine with sharable plates and specialty entrees including chicken and beef shawarma, and a bar serving wine and beer.

From V&E Restaurant Group, who own and operate successful bar, restaurant and nightlife venues in South Florida, Mexico and Las Vegas, La Cerveceria de Barrio will open at 835 Lincoln Road in August. A seafood restaurant with multiple locations throughout Mexico, La Cerveceria’s Lincoln Road location will represent the first U.S. outpost for the concept with indoor/outdoor seating for close to 200 with a full bar and daily lunch and dinner service.

Another V&E concept, Havana to Miami, will open later this year just off Lincoln Road at 1656 Meridian Avenue. Offering a quick stop for cafecitos and pastelitos, the café will be among the first to occupy Terranova’s recently developed micro suites – ground floor units featuring glass nano walls that open to bring the outside in.  At approximately 400 square feet, the retail micro unit is a relatively new phenomenon Lincoln Road.  “Micro suites create opportunities for more local and start up concepts to locate themselves in a bustling and enviable location without a great deal of risk, “offers Terranova’s chairman and founder Stephen Bittel.

On the heels of a recently completed streetscape project which included widened sidewalks and outdoor seating, Miracle Mile – downtown Coral Gables’ pedestrian friendly major retail corridor, is also welcoming a number of exciting new merchants to The City Beautiful mix.

Opening later this summer, Well Groomed Image Consultants at 261 Miracle Mile, represents the expansion of Well Groomed Gentlemen; a luxurious men’s barbershop and spa located at 130 Miracle Mile. In its new space, encompassing almost 1,700 square feet, the popular concept will add women’s services to its roster.

Popular South Florida concept Carrot Express continues its domination of the healthy fast casual market with the opening of its fifth South Florida location at 259 Miracle Mile later this summer. With something for everyone and perfect for a quick lunch onsite or on the go, Carrot Express offers a wide selection of vegan and vegetarian sandwiches and salads to choose from along with signature wraps, simply grilled chicken dishes and poké bowls.

Established in Spain in 1939, popular multi-unit Rodilla will make its U.S. debut in early 2019 at 135 Miracle Mile. Offering hot and cold sandwiches, pastries, frappes, and ice creams, the first American outlet will occupy 1,900 square feet of café space.

The refurbishment of Miracle Mile ties in perfectly to Coral Gables’ evolution into a city in and of itself.  “More dining, entertainment and shopping options are only fitting for an area that offers one of the densest downtown districts in all of Miami,” says Bittel.  “It’s no surprise that retailers and restaurateurs are taking a close look at Coral Gables, especially with the completion of the streetscape project.  Now everyone is clamoring for space on the Mile to be in the thick of it all.”

CLICK HERE FOR THE PDF PRESS RELEASE

Terranova Corporation, South Florida’s leading commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate.

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Mindy McIlroy

TERRANOVA CORPORATION ANNOUNCES TRIO OF KEY EXECUTIVE PROMOTIONS

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MIAMI BEACH, FL – July 25, 2018 – Terranova Corporation chairman and founder Stephen Bittel announces the promotions of three of the visionary firm’s senior executives – Mindy McIlroy, Josh Gelfman and Ozzie Dominguez.  Says Bittel, “True leadership is all about not only what you do to further company goals but also what you give to others. With that in mind, if you are in a position to do something to advance the professional opportunities of others in our community we strongly urge everyone to do so with enthusiasm. Our team has always endeavored to play a leadership and advisory role in every facet of community life and real estate. The success of our business is inextricably linked to the success of the communities and our employees who shape them.”

Mindy McIlroy becomes the third female president at Terranova since its incorporation in 1980. McIlroy began her commercial real estate career with the company more than 20 years ago; her talent, professionalism and hard work fueled her rise within the firm, from her start as a retail leasing trainee to her current position as president.  Prior to her promotion she held the title of executive vice president. Her industry knowledge and experience have been instrumental in the company’s move into mixed-use and High Street retail, where Terranova is the largest single retail property owner on both Lincoln Road in Miami Beach and Miracle Mile in Coral Gables.  With nearly a billion dollars in retail leasing deals to her credit, McIlroy’s expertise spans a wide gamut of retail properties, from suburban shopping centers to lifestyle entertainment centers to urban retail and mixed-use projects. Beyond a strong commitment to the fundamentals of profitable commercial real estate, McIlroy believes strongly in the power of networking and civic involvement. She is a founding member of the Lincoln Road Property Owners Association; served as president of the Coral Gables Business Improvement District in 2015 and 2016; and is currently a board member of the National Parkinson Foundation and Coral Gables Business Improvement District. She has been ranked by CoStar as a Power Broker – Top Broker; acknowledged in 2015 by Real Estate Forum as a Southeast Woman of Influence; and recognized by the Coral Gables Chamber of Commerce as the 2016 AXA Advisors Businesswoman of the Year.

Josh Gelfman brings over a decade of urban planning and development experience in both Miami and New York City to his new role as vice president of development. Now in his fifth year with Terranova focusing on public/private real estate transactions, Gelfman is an active member of the Urban Land Institute.  Among his most recent projects is developing the firm’s first food hall, The Lincoln Eatery, scheduled to open in December 2018. Prior to coming to Terranova Gelfman was the senior vice president at the New York City Economic Development Corporation where he worked on projects that will result in billions of dollars of private investment throughout New York City.  Projects include the development of a 500,000 square foot hotel and condominium project in Brooklyn Bridge Park, the development of the world’s largest observation wheel and New York City’s first luxury outlet mall on 15 acres of surface parking lots in Staten Island, among others. In his new role, Gelfman will play a key role in the development and repositioning of Terranova’s newest industrial/mixed-use project, T2.0 (formally PepsiCo’s Miami-Dade offices and bottling plant just east of Downtown Doral).

 A 30-year veteran in the shopping center and commercial real estate industries, Ozzie Dominguez assumes the role of vice president of property management. For the past five years, most recently as general manager, he has managed Terranova’s luxury portfolio, encompassing properties from Miami Beach to Coral Gables.  In his new position leading the property management team, Dominguez will oversee Terranova’s full portfolio of nearly $1 billion in commercial real estate assets.  While spearheading day-to-day operations, he remains highly involved with each tenant and asset and is an integral link to each city and the relations with the properties he manages. Prior to joining Terranova in 2013, Dominguez held the position of regional vice president for Simon Property Group in Miami, FL.  He was responsible for an elite group of regional malls representing over 15 million square feet of retail space, from central Florida to Puerto Rico including Dadeland Mall. Dominguez is actively involved with the Greater Miami Convention & Visitors Bureau, the Coral Gables Chamber of Commerce and the Coral Gables Business Improvement District (BID), and a key member of the Lincoln Road BID where he currently serves on the board and executive committee.

CLICK HERE FOR THE PDF PRESS RELEASE

Terranova Corporation, South Florida’s leading commercial real estate firm, is involved with nearly $1 billion in commercial real estate assets for its partners and its own portfolio. Terranova’s comprehensive array of services include high street retail, leasing & property management and acquisitions/joint ventures. Services are offered to a select group of partners/clients who count on us to maximize the value of their real estate.

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