Pedro Martin buys condo at one of his Coconut Grove buildings

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

Miami /
Sep.September 25, 2017 03:30 PM

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

arrow_forward_ios
David Martin of Terra and an aerial shot of 1177 Kane Concourse in Bay Harbor Islands, FL (Terra, Google Maps)
Terra nabs $141M construction loan for Bay Harbor Islands mixed-use project
Terra nabs $141M construction loan for Bay Harbor Islands mixed-use project
Surfside collapse defendants deflect responsibility in new court docs
Surfside collapse defendants deflect responsibility in new court docs
Surfside collapse defendants deflect responsibility in new court docs
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
Terra’s CentroCity development
Here are South Florida’s biggest retail leases of 2021
Here are South Florida’s biggest retail leases of 2021
The Grove at Grand Bay
Grove at Grand Bay closing tops weekly condo sales in Miami-Dade
Grove at Grand Bay closing tops weekly condo sales in Miami-Dade
Fashion tycoon‘s former Coconut Grove mansion sells for $10M
Fashion tycoon‘s former Coconut Grove mansion sells for $10M
Fashion tycoon‘s former Coconut Grove mansion sells for $10M
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Corcoran’s Julian Johnston, Luxe Living Realty’s Dora Puig, One Sotheby’s’ Jeff Miller, Douglas Elliman’s Dina Goldentayer and Douglas Elliman’s Oren Alexander
WATCH: Top luxury brokers go head to head at TRD’s Miami event
WATCH: Top luxury brokers go head to head at TRD’s Miami event
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...