Miami's Newest Luxury Condo Towers Announced Today

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(Miami, FL) - Terra Group announced today their newest development in South Florida, the Grove at Grand Bay located in the burgeoning Coconut Grove neighborhood.

It is a new luxury condo project designed in collaboration with the award-winning design firm Bjarke Ingles Group, also known as BIG, and landscape architecture firm Raymond Jungles.

"Grove at Grand Bay's lifestyle offerings combined with the building's impressive aesthetic is tantamount to the evolution of Coconut Grove," explains Pedro Martin, Chairman, Chief Executive Officer and Founder of Terra Group. "Within the next three years, the area will be completely redefined and Grove at Grand Bay will play an important role in the new experience."

Rising 20 stories on the prestigious South Bayshore Drive, Grove at Grand Bay encompasses two towers that will showcase 96 highend and expansive residences. Residents will be privy to a captivating natural environment of verdant gardens with open-air ambiance, juxtaposed to the building's breathtaking façade, and panoramic views of Biscayne Bay, Key Biscayne, Coral Gables and downtown Miami. Superior amenities and services private butlers, private elevators and two-car garages, rooftop swimming pools, wellness spa, state-of-the-art fitness center, clubroom, pet spa and much more.

"The powerhouse design team of BIG and Raymond Jungles makes this South Florida's most exciting development," adds David Martin, President and Chief Operating Officer. "Our 'think tank' embodies a design-approach to development, questioning everything developers assume when building a residential property and creating environments that affects people's lives viscerally and emotionally. We are about intelligent luxury."

BIG, led by Danish architect Bjarke Ingels who recently received Wall Street Journal's 2011 "Innovator of the Year in Architecture" award, is creating the residences and amenity spaces. Raymond Jungles, the landscape architect who designed the grounds at Lincoln Road in Miami Beach and the New World Symphony's rooftop garden, will produce the outdoor spaces, including terraces, pools and walking paths. Rounding out the starchitect group is Nichols, Brosch, Wrust, Wolfe + Associates who provides architectural and planning services.

The interior design of the residences at Grove at Grand Bay will be just as spectacular as the building's exteriors. With an open flow-thru floor plan, each residence will showcase 12' ceilings and 12' floor-to-ceiling windows, unheard of in Florida, allowing for a unique feeling of space in the sky. The outside living areas, which will have wraparound balconies, are 12' deep creating a continuation of the indoor/outdoor living environment. Additional residential features include private elevator access to individual units, kitchens, Miele appliances and Dornbarcht fixtures.

Grove at Grand Bay will be located on the former site of the Grand Bay Hotel. Location is everything and residents will find themselves just minutes from key areas including the airport, downtown Miami, Miami Beach, Coral Gables, as well as Coconut Grove's bustling center area lined with fine restaurants, cafes, art galleries and boutiques. Additional areas of interest are nearby schools, hospitals, shopping malls and attractions such as The Adrienne Arsht Center, The Vizcaya Museum & Gardens and the Barnacle Historic State Park.

Terra Group will begin construction for Grove at Grand Bay in the fourth quarter of 2012 with slated completion in the third quarter of 2014.