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Terra broke ground on a mixed-use project in Bay Harbor Islands that will feature condos, an office and a restaurant.
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Terra broke ground on a mixed-use project in Bay Harbor Islands that will feature condos, an office and a restaurant.
Located on the 1.83-acre site at 1100 Kane Concourse, the eight-story Well Bay Harbor Islands will have 54 luxury condos, 94,000 square feet of offices, a fitness center operated by the Well, and a 4,000-square-foot restaurant.
Condo prices range from $1.2 million to $5 million and the developer said they are 50% pre-sold. They will range from 924 to 3,291 square feet. Units will include aromatherapy diffusers in the bedrooms, a therapeutic soaking tub and a red light therapy panel in the primary closet.
“The Well Bay Harbor Islands will meet growing demand for luxury living and boutique commercial space as more residents and companies gravitate to South Florida, while reviving Bay Harbor Islands’ popular Kane Concourse main thoroughfare,” stated David Martin, CEO of Miami-based Terra.
It will include more than 22,000 square feet of amenities, including a major fitness center with a halotherapy steam room, an infrared and sound dome, an energy cold dip and rooms for massages and facials. It will also feature a rooftop pool deck, lounge, private boardroom, summer kitchen and reading room.
The office tenants would also have access to the fitness and wellness amenities. There would be an outdoor fitness space for the office building.
“With the attention to our health being greater than ever, we wanted to create a one-stop shop for wellness where people can fully immerse themselves in wellness,” said Rebecca Parekh, co-founder and CEO of the Well.
Terra anticipates completing the project in the second quarter of 2025. Miami-based Arquitectonica designed it. Douglas Elliman is the lead brokerage for the condo, while Blanca Commercial Real Estate is leasing the offices.
Miami-based Rinaldi Enterprises of Florida is the general contractor.
The developer acquired the property for $31.5 million in 2021 and made major modifications to a project planned by the prior owner.
There's been a surge in development in Bay Harbor Islands in recent years as more wealthy people move to coastal Miami-Dade County and seek to live in a secure community near the beaches and the popular Bal Harbor Shops.
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