801 arthur godfrey rd

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miami beach, florida 33140

 

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Website Terms of service and privacy policy

PLEASE READ THE FOLLOWING TERMS AND POLICIES CAREFULLY. WHEN YOU USE OUR WEBSITE YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND POLICIES, AND YOUR CONTINUED USE OF OUR WEBSITE SIGNIFIES YOUR ACCEPTANCE OF THEM.

TERMS OF SERVICE

Informational Purposes Only: The material on the Terranova Corporation (“Terranova”) website has been prepared and published for informational purposes only. This website may contain links to other resources on the internet, both those of affiliated companies, and of third parties. We take no responsibility for the content, accuracy, or timeliness of those other websites, nor do we endorse any commercial products that may be advertised or available on those websites.

License and Website Access: Terranova grants you a limited license to access and use this website solely for personal noncommercial purposes. You may not download (other than page caching) or modify it, or any portion of it, except with the express prior written consent of Terranova. This license does not include any resale or commercial use of this website or its contents; any collection and use of any property listings, descriptions, or prices; any derivative of this website or its contents; or any use of data mining, robots, or similar data gathering and extraction tools. This website or any portion of this website may not be reproduced, copied, sold, resold, visited, or otherwise exploited for any commercial purpose without express prior written consent of Terranova. You may not frame or utilize framing techniques to enclose any trademark, logo, or other propietary information, including, but not limited to, images, text, page layout, or form, or use any meta tags or any other "hidden text" utilizing Terranova's name or trademarks, without the express written consent of Terranova. You are granted a limited, revocable, and nonexclusive right to create a hyperlink to the home page of Terranova, so long as the link does not portray Terranova in a false, misleading, derogatory, or otherwise offensive manner. You may not use the Terranova logo or other proprietary graphics as part of the link without the express written permission of Terranova.

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Illegal or Abusive Usage is Strictly Prohibited: You may not use this website for any illegal or unauthorized purpose. International users agree to comply with all local law as regarding online conduct and acceptable content. We may block or withhold your access to the website if we have reasonable grounds to suspect any breach by you of these terms and conditions, that we or any user has incurred or may incur any liability in connection with the website, or if your use of the website is otherwise inappropriate. You may be subject to legal action should you be found to have engaged in illegal or abusive usage of our website.

Disclaimer and Indemnity: Terranova disclaims any and all liability for any loss, damage, or other liability whatsoever arising from the use of this website or the terms and conditions in connection with this website and specifically excludes all warranties, conditions and terms, whether express or implied to the fullest extent permitted by law. You agree to indemnify Terranova against any liabilities, claims, and expenses that may arise from your use of the website and any breach of these terms and conditions by you, your employees, or agents.

Modification of Terms and Conditions: Terranova may modify these terms and conditions at any time by post of the new version on the website. You will have agreed to such revised version if you continue using the website after the change or modification is posted. You should check the terms and conditions periodically to ensure that you are aware of and are complying with the current version.

Online Privacy Policy

Terranova respects the privacy rights of our online visitors and recognizes the importance of protecting the information collected from you.

Terranova will not sell, borrow, or share your contact information with any outside parties. All information collected (which will be limited to name, e-mail address, physical address, and phone number) will only be used and accessible to selected Terranova representatives. We respect your privacy and will only use your information to improve customer service, website functionality, and to communicate with you. Communications may include, but are not limited to:

  • Responses to your inquiries
  • To send periodic news and company updates
  • To share research reports created by our internal Marketing department

If you have any questions or concerns regarding any information presented in this policy, please contact us by telephone at 305.695.8700.

trends

The one-stop source for everything real estate–
including market trends in the industry, events, future development projects and more.

Innovating in Commercial Real Estate: How Terranova CEO Stephen Bittel Creates Continuous Value in Planned Urban Development Projects

TMCnet — MARCH 25, 2021 — BY HANNAH MADISON For most of human history, a valuable natural resource such as a water source or defensible high ground was often the reason for a community to develop. The ancient Egyptians famously settled along the Nile River, utilizing the vast resource to build their kingdom. The Inca Empire made their home high in the Andes Mountains, using terrace farming to allow them to build aqueducts that were so well-built they are still in use today. However, as industrialization and modernization began and took hold in the second half of the 20th century, communities were no longer geographically hindered by access to resources, and as a result a shift toward single-purpose zoning in urban areas occurred. Planned urban development emerged as a response to this trend, orienting urban communities around the principles of convenience and efficiency rather than a natural resource or feature. The best of both worlds, these combinations of commercial and residential spaces create the potential for constant innovation, for those who have the creativity to see its potential.

There have been rumblings for a few years now about a “mass exodus” of millennials and Generation Z to the suburbs, a trend that appears to have been exacerbated by the coronavirus pandemic of 2020. The jury remains out though as to whether this will be a lasting trend, as those who leave cities and urban areas for the suburbs must grapple with the fact that they can’t find their beloved urban amenities in the vicinity of their new big house with a yard. In particular, many planned urban development projects are constantly reinventing the wheel, moving beyond simply residential and commercial spaces to create value for their communities. One such example of this is Lincoln Road in Miami Beach. In the 1960’s it emerged as one of the nation’s first pedestrian malls when the road was closed to traffic, and has remained among one of the more popular destinations for visitors to the South Beach area, thanks in no small part to the work of Terranova CEO Stephen Bittel.

Today Terranova is one of the top commercial real estate firms in southern Florida, but Bittel spent over 40 years within the industry growing the business from the ground up to make it the success it is today. A native of Miami, Bittel grew up believing he would become a lawyer, taking the same profession as his father and grandfather before him. However, while attending Bowdoin College for his undergraduate degree in economics he found himself increasingly drawn to entrepreneurship. After spending a year traveling abroad and making international connections, Bittel found himself well-positioned to start his own real estate business, and although he had already started law school he jumped on the opportunity. While still attending the University of Miami School of Law and eventually passing the bar exam, Bittel worked out of his home to build Terranova into a viable company that was able to survive the real estate market recession of the late 1980’s and position itself for success.

After the market had rebounded, Bittel began growing his company’s portfolio considerably, capitalizing on the young and growing families of the 1990’s who were moving to the more suburban municipalities of Miami-Dade county by purchasing shopping centers and strip malls in the area. Although they were able to get larger amounts of square footage for less money, they also desired easy access to grocery stores, pharmacies, and other popular chains. Terranova sought to fulfill their needs by partnering with large brands such as Publix, Walgreens, and Starbucks across multiple properties, creating “retail anchors” that would draw in foot traffic for the smaller businesses in the shopping centers. Under this model Bittel grew Terranova to be a powerhouse within the commercial real estate industry, owning and operating office buildings, industrial parks, multi-family, and self-storage assets with a total property base of over 8 million square feet.

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