Terra has broken ground on Upland Park, a $1 billion mixed-use community that will transform West Miami-Dade County’s Dolphin Park-and-Ride Transit Terminal Facility into a 47-acre transit-oriented community with residential, retail and commercial uses.
As part of a public-private partnership with Miami-Dade County, Upland Park is designed to increase public transit ridership while anchoring the new East-West Corridor of the County’s SMART public transportation plan.
The project is to be designed by PPK Architects, in collaboration with master plan architect Arquitectonica and urban planner Plusurbia Design. The master-planned development will be built in multiple phases and boasts more than 2,000 new mid-rise and garden-style multifamily apartments, about 282,000 square feet of retail, and approximately 414,000 square feet of commercial space. The project’s first phase, which is now under construction, encompasses 578 multifamily apartments and is slated for delivery in 2026. SCALE Lending provided a $170 million construction loan to Terra for the first phase of the project.
The post Terra Starts Work on $1B S. Florida Mixed-Use Project appeared first on Connect CRE.