Approximately one year after purchasing a 72-acre development site in northwest Miami-Dade, Florida, Terra and New Valley have broken ground on Natura Gardens, a 27-acre community that will offer 460 garden-style rental apartments. Site work is underway, with vertical construction expected in spring and delivery planned for 2022.
The developer has sold the remaining 45 acres, originally intended to be the community’s second and third phases, to two different developers—Butters and Greystar—for their own upcoming mixed-use multifamily developments.
“Northwest Miami-Dade is experiencing a surge of demand for new residential and commercial development, which is why we initially zeroed in on this parcel as a prime development site,” says David Martin, CEO of Terra. “Shortly after our JV announced plans for Natura Gardens, we were approached by several developers that shared our vision for bringing new housing options and infrastructure to this part of the county, and that opened the door to selling our originally planned second and third phases of the development site to Butters and Greystar. This is a good example of how forward-looking development that meets market demand can serve as a magnet for new investment in underserved areas.”
The Natura Gardens community, designed by Pascual, Perez, Kiliddjian & Associates, will offer one- to three-bedroom apartments ranging from 727 to 1,476 square feet in size. Site amenities will include a clubhouse with a resort-style pool, a spa, a game room, and a children's playroom; a tot lot equipped with electronics charging stations; a fitness center with yoga, spinning, and aerobics studios; co-working spaces; a coffee bar; and a dog park. A dedicated walking and running trail will also run through the community.
“We were excited to have worked with Terra to complete the vision for this magnificent site and create a balanced sustainable development that will benefit the residents as well as Miami-Dade County,” says Malcolm Butters, president of Butters Construction & Development.