**Terra Breaks Ground on $1 Billion Upland Park Development in Miami-Dade**
Terra has officially broken ground on Upland Park, a $1 billion mixed-use development that will transform the Dolphin Park-and-Ride Transit Terminal Facility in West Miami-Dade County into a 47-acre transit-oriented community. The project will feature residential, retail, and commercial spaces, marking a significant enhancement to the area’s infrastructure.
As part of a public-private partnership with Miami-Dade County, Upland Park aims to boost public transit ridership while serving as a key anchor for the new East-West Corridor of the County’s SMART public transportation plan.
Designed by PPK Architects in collaboration with master plan architect Arquitectonica and urban planner Plusurbia Design, the development will be constructed in multiple phases. Upon completion, it will include more than 2,000 mid-rise and garden-style multifamily apartments, approximately 282,000 square feet of retail space, and around 414,000 square feet of commercial space.
The first phase, currently under construction, consists of 578 multifamily apartments and is expected to be completed by 2026. SCALE Lending has provided a $170 million construction loan to Terra to support this initial phase of the project.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
