MIAMI BEACH, FL – OCTOBER 20, 2020 – Terranova’s Chairman, Stephen Bittel is honored to announce the newest addition to Downtown Coral Gables, the Miami-Dade County Coral Gables Library.
Terranova
signed a 2-year lease with Miami-Dade Public Library System (MDPLS) for a
temporary Coral Gables Library at 308 Miracle Mile, Coral Gables’ premiere
retail, entertainment and restaurant high street. This 2,242 SF storefront
location will be utilized as a temporary branch location during the renovation
of the Coral Gables Branch Library.
When considering the proposed retail space, county professionals
described the highly visible, well-located commercial retail space as most
favorable due to its accessibility from surrounding commercial and residential
development, overall foot traffic, and proximity to the existing Coral Gables
Branch library. The new location on
Miracle Mile “will allow MDLPS to continue to meet demand for library services
in the Coral Gables area while furthering the continued progress being made in
both hardening and improving our library facilities and advancing the MDPLS
strategic goal of creating great spaces and destinations for our residents.”
CLICK HERE FOR THE PDF PRESS RELEASE
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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.
Stephen Bittel’s Adaptability in the Face of an Ever Changing Market
/in In the newsREALTY TODAY — NOVEMBER 17, 2020 — BY ERNEST HAMILTON Success in the real estate market looks different on everyone and requires a combination of skill, risk tolerance, and sometimes sheer luck to achieve. The difference between a good career and a great career in real estate is nearly intangible, but the career of Floridian Real Estate Mogul Stephen Bittel is a good place to start. While reviewing Bittel’s career, it’s difficult to pinpoint exactly where that “it” factor lies. Is it the sheer boldness and confidence in taking on new ventures early in his career? Or his passion for the community he grew up in? Or perhaps it’s his ability to forecast the trends that will shape the future of real estate? As is the case with most successful leaders, it’s not just one quality that differentiates him from competition.
Its often said that what separates good from great leaders is an absolute sense of purpose. With Bittel for example, a sense of purpose is evident. As a Miami native, Bittel’s values are intrinsically aligned with the community’s. He applied this set of values to his education at University of Miami School of law and sought out innovations that he could lead with in his career. One such opportunity arose in the form of being awarded the Watson Fellowship where he embarked on a year of travel to study the motivations behind European Investment in the United States. The private banking model that he witnessed while working with investment advisors and bankers throughout Europe inspired him to replicate the type of one stop personalized service to high net individuals.
When founding Terranova Corporation in 1980, he made sure to incorporate his personal values in determining the founding principle of the company. In a recent article written by Bittel and published on Thrive Global, he expands on the values that drove him to create his own company. He writes, “By maximizing the value of business through real estate, I was able to establish trust, forge professional relationships, and leverage profit for tenants on a long-term basis. This was the founding principle of Terranova Corporation, and a personal mission statement that propelled my leadership.”
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Florida’s Real Estate Investment Mogul Stephen Bittel is Committed to Boosting the Economy with Pop-ups and Temporary Occupancy
/in In the newsREALESTATERAMA — OCTOBER 21, 2020 — Stephen Bittel’s dedication to improving his home city of Miami, Florida has never faltered, even in the face of a global pandemic. Having founded his company at the age of just 24, he chose the name Terranova because of its Latin translation, “new world.” COVID-19 has resulted in unprecedented change that has certainly left a new world in its place. Nevertheless, Stephen Bittel and his team at Terranova are finding new and exciting ways to propel Miami forward using the economic platform he knows best: commercial real estate. With the holidays fast approaching, Bittel saw one such opportunity in his properties on Lincoln Road.
The history between Bittel and Lincoln Road dates back to 2002, when he first started chasing deals on the street. He saw opportunity in the vibrant combination of local customers and tenants. It wasn’t until after the economic crisis in 2007 that Bittel and his team at Terranova Corp., along with an institutional partner, scored two of the best street corners on Lincoln in a $52 million deal in late 2010. Bittel had people from across the country telling him he was crazy for taking such a huge risk, but Bittel moved forward anyway with his plan to move the rent from $65 dollars per square foot to $130 and replace the Lincoln Lane building with a new three-story retail space. As a result of this purchase, he was able to take another risk by buying three more buildings for $139million. The two buys combine to almost thirty percent of the retail space on Lincoln Road.
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Terranova’s Bittel Announces Coral Gables Library Coming to Miracle Mile
/in Leasing, Press releasesMIAMI BEACH, FL – OCTOBER 20, 2020 – Terranova’s Chairman, Stephen Bittel is honored to announce the newest addition to Downtown Coral Gables, the Miami-Dade County Coral Gables Library.
Terranova signed a 2-year lease with Miami-Dade Public Library System (MDPLS) for a temporary Coral Gables Library at 308 Miracle Mile, Coral Gables’ premiere retail, entertainment and restaurant high street. This 2,242 SF storefront location will be utilized as a temporary branch location during the renovation of the Coral Gables Branch Library.
When considering the proposed retail space, county professionals described the highly visible, well-located commercial retail space as most favorable due to its accessibility from surrounding commercial and residential development, overall foot traffic, and proximity to the existing Coral Gables Branch library. The new location on Miracle Mile “will allow MDLPS to continue to meet demand for library services in the Coral Gables area while furthering the continued progress being made in both hardening and improving our library facilities and advancing the MDPLS strategic goal of creating great spaces and destinations for our residents.”
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.