Pedro Martin buys condo at one of his Coconut Grove buildings

Martin and his wife paid $4M for Grove at Grand Bay unit

Sep.September 25, 2017 03:30 PM

Grove at Grand Bay and Pedro Martin (Credit: Terra Group, CIR Miami)

Developer Pedro Martin just dropped $4 million on a luxury condo at Grove at Grand Bay.

Martin, chairman and founder of Terra Group, and his wife Maria picked up a 15th floor unit at the Coconut Grove complex, according to Gossip Extra. His unit features 12-foot ceilings, a balcony and nearly 5,000 square feet of space.

Martin made headlines earlier this year when he won a temporary restraining order against his on-again, off-again mistress, alleging cyberstalking, harassment and attempted extortion. She lives in a $3 million condo he purchased in Key Biscayne.

Terra, led by Martin’s son David Martin, completed Grove at Grand Bay about a year ago. The 98-unit, twin 20-story development was designed by starchitect Bjarke Ingels along with John Nichols of Nichols Brosch Wurst Wolfe & Associates.

Sales launched in 2012, and prices ranged from about $1 million to $14 million, excluding a $28 million penthouse.

Other buyers so far include Aztec Group founder and CEO Ezra Katz; hotel developer Bernard Wolfson; and family wealth manager Didier Doucet. [Gossip Extra]Katherine Kallergis

Related Articles

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Jay Parker and a rendering of CocoWalk

Douglas Elliman, Bluemercury among new tenants at CocoWalk

The Coconut Grove Playhouse and a map of the land to be rezoned

Miami board backs West Grove rezoning near playhouse

The sales team and sales gallery for Mr. C Residences

Condos at Mr. C Residences in Coconut Grove will start in the $600Ks

The Markers Grove Isle

Grove Isle tennis club lawsuit aims volley against developer’s new project

From left: 3225 Aviation Avenue and 3250 Mary Street; Roberto Susi and Jose Sasson (Credit: Google Maps)

Madison Marquette pays $47M for Coconut Grove office buildings

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Harvey Hernandez and Michael Patrizio

Newgard hires Terra exec as SVP of development