INSIDE SOUTH FLORIDA — MARCH 10, 2021 — BY MIRIAM TAPIA
Renowned for its world-class collection of tropical plants, the Fairchild Tropical Botanic Garden has teamed up with the Lincoln Road BID to unveil its newest exhibition.
The Fairchild Gardens on Lincoln Road celebrates plant life along Lincoln Road’s eight-block pedestrian promenade.
The collaboration between Miami Beach and Fairchild has been blossoming for the past several years but now Lincoln Road is being reimagined as a botanic garden.
“This is a very new way of looking at these existing landscapes transforming and showcasing the unique aura of those areas,” says Jason Downing, Orchid Biologist, Fairchild Tropical Garden.
Some of the plants you can expect at the installation are Orchids.
“We have installed a lot of Orchids in addition to highlighting a number of other plants, trees and palms of course. But Orchids are symbols of the tropics in many cases. We’re one of the few places in the continental U.S. where orchids grow on trees, they naturally occur here. So the program is a conservation-based program where we work with students and the general public to help reintroduce these lost orchids back into our landscapes,” states Downing.
Visitors can scan the 120 QR-coded signs that are on the plants that way guests can be virtually guided with pictures and videos and know more information about each plant curated by Fairchild’s scientists.
Ultimately, the Lincoln Road BID wants locals and tourist to appreciate our local landscape with this installation.
“The hope is that people can come and see these great plants and do something on their own residences to help our landscapes as well. Because every time we do these trees produce more oxygen and we take a shot at global warming and rising seas and we do things that are good for our environment at the same time we enjoy it,” said Stephen Bittel, Chairman of Terranova Corporation.
The Fairchild Gardens on Lincoln Road is now open and begins on Lincoln Road’s 700 block.
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Fairchild Botanical Gardens Unveils New Exhibit on Lincoln Road
/in General, In the newsINSIDE SOUTH FLORIDA — MARCH 10, 2021 — BY MIRIAM TAPIA
Renowned for its world-class collection of tropical plants, the Fairchild Tropical Botanic Garden has teamed up with the Lincoln Road BID to unveil its newest exhibition.
The Fairchild Gardens on Lincoln Road celebrates plant life along Lincoln Road’s eight-block pedestrian promenade.
The collaboration between Miami Beach and Fairchild has been blossoming for the past several years but now Lincoln Road is being reimagined as a botanic garden.
“This is a very new way of looking at these existing landscapes transforming and showcasing the unique aura of those areas,” says Jason Downing, Orchid Biologist, Fairchild Tropical Garden.
Some of the plants you can expect at the installation are Orchids.
“We have installed a lot of Orchids in addition to highlighting a number of other plants, trees and palms of course. But Orchids are symbols of the tropics in many cases. We’re one of the few places in the continental U.S. where orchids grow on trees, they naturally occur here. So the program is a conservation-based program where we work with students and the general public to help reintroduce these lost orchids back into our landscapes,” states Downing.
Visitors can scan the 120 QR-coded signs that are on the plants that way guests can be virtually guided with pictures and videos and know more information about each plant curated by Fairchild’s scientists.
Ultimately, the Lincoln Road BID wants locals and tourist to appreciate our local landscape with this installation.
“The hope is that people can come and see these great plants and do something on their own residences to help our landscapes as well. Because every time we do these trees produce more oxygen and we take a shot at global warming and rising seas and we do things that are good for our environment at the same time we enjoy it,” said Stephen Bittel, Chairman of Terranova Corporation.
The Fairchild Gardens on Lincoln Road is now open and begins on Lincoln Road’s 700 block.
CLICK HERE FOR THE FULL ARTICLE
PepsiCo Site Trades for $55M in Miami
/in In the newsCOMMERCIAL PROPERTY EXECUTIVE — FEBRUARY 10, 2021 — BY BARBRA MURRAY Terra and Terranova Corp. have just sold the 23.7-acre former PepsiCo regional headquarters and distribution center site in Doral, Fla., three years after having acquired the asset in a $40 million sale-leaseback transaction.
The companies sold the property to a Santa Monica, Calif.-based entity, cited in Miami-Dade County records as Park 7777 NW 41st Street Owner LLC, for $55 million. Terra and Terranova note that the seller shares the same address with logistics real estate investment firm GLP Capital Partners.
Carrying the address of 7777 N.W. 41st St., the PepsiCo site sits just off the Palmetto Expressway at the epicenter of Doral’s vibrant industrial market, roughly 2 miles from Miami International Airport. Zoned for industrial development, the property has space for as much as 500,000 square feet of construction. With metropolitan Miami being ripe for new deliveries, Terra and Terranova’s plan for the site after the July 2020 expiration of PepsiCo’s leaseback agreement included such proposals as the District 79 mixed-use industrial project; however, the vision never included a short-term hold.
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Terra & Terranova Sell Former PepsiCo Bottling Plant in Doral, Florida for $55 Million
/in Acquisitions, Press releasesMIAMI, FL – February 8, 2021 – Three years after purchasing PepsiCo’s regional headquarters and distribution facility in Doral, Florida, Terra and Terranova Corporation, led by David Martin and Stephen Bittel respectively, have sold the 23.7 acre site for $55 million. Terra and Terranova initially acquired the site for $40 million in January 2018 and subsequently leased the property back to PepsiCo through July of 2020. The transaction, which represents a price of $2.3 million per acre of land, marks a top price for industrial real estate in South Florida.
The buyer shares a Santa Monica address with GLP Capital Partners, or GCP, an investment firm that specializes in logistics properties. The company is led by Alan Yang, the former chief investment officer of Singaporean global investment manager GLP.
The sale coincides with South Florida’s emergence as one of the country’s top-performing industrial real estate markets. The market has been fueled in large part by the growth of e-commerce, with more than 2 million square feet of space leased by e-commerce companies in 2020.
Located at 7777 Northwest 41st Street, the 23.7 acre site benefits from proximity to the South Florida region’s major expressways, offers direct frontage along the Palmetto Expressway, is located less than two miles from Miami International Airport, and is a short drive from some of Miami-Dade County’s largest and most in-demand residential and commercial submarkets. The property is zoned for industrial development and can accommodate up to 500,000 square feet of commercial space.
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About Terranova:
Terranova Corporation, South Florida’s leading commercial real estate investment firm for over 40 years, currently is involved with commercial real estate assets for its clients and its own portfolio valued at more than $1 billion. Learn more at www.terranovacorp.com.