Terra and Terranova plan retail and industrial project in Doral

Joint venture paid $40M for the PepsiCo site in late 2017

TRD MIAMI /
Feb.February 08, 2019 09:45 AM

Rendering of Terra’s Doral project with Stephen Bittel and David Martin

Terra and Terranova Corp. are planning to build a mixed-use commercial project on a nearly 24-acre site in Doral.

The two developers are aiming to present their proposal for District 79, an industrial and retail development at 7777 Northwest 41st Street, to the commission by the summer, a spokesperson for Terra said. David Martin, co-founder and president of Terra, said the joint venture is planning for the future and betting on the area’s strong industrial market.

The property is currently home to PepsiCo’s regional headquarters and distribution center. Terra and Terranova’s 7777 Investment LLC more than a year ago paid about $40 million for the site, which is next to the Palmetto Expressway and near Miami International Airport and Trump National Doral Miami.

Plans call for 51,000 square feet of retail space along 79th Avenue, 405,000 square feet of industrial space and about 600 parking spaces, the spokesperson said.

Terra has been active in Doral, where its projects include the Doral Commons, a retail development, and Modern Doral, a single-family home community. The Miami developer is also building retail on a lot near the PepsiCo facility.

The PepsiCo property was previously rumored to be one of the sites David Beckham and his group of investors were eyeing for their Major League Soccer stadium, but the Beckham group is planning to build its stadium on the Melreese Country Club east of Miami International Airport.

A Loopnet listing for the Doral project shows four two-story, retail and office buildings fronting 79th Avenue with three warehouse/office buildings.


Related Articles

arrow_forward_ios
Rendering of an interior living room and kitchen in a home at the Neovita gated community in Doral

Alta launches sales of second phase of Doral development

Alta launches sales of second phase of Doral development
David Martin and a rendering of the project

David Martin’s Miami Beach Marina proposal heads to voters in November

David Martin’s Miami Beach Marina proposal heads to voters in November
From left: David Martin, Barry Sternlicht, Don Ghermezian, and Pedro Garcia

Triple Five, Terra, Starwood sue Miami-Dade property appraiser over tax bills

Triple Five, Terra, Starwood sue Miami-Dade property appraiser over tax bills
Charles and Daneen Stiefel with One Park Grove (Getty)

Pharma mogul Charles Stiefel buys Coconut Grove penthouse

Pharma mogul Charles Stiefel buys Coconut Grove penthouse
David Martin, Rene Gonzalez and Glass 120 Ocean Drive (RGA, Google Maps)

Glass condo owners in South Beach sue Terra, architect and contractors, alleging construction defects

Glass condo owners in South Beach sue Terra, architect and contractors, alleging construction defects
Todd Leebow and Glass in South Beach (Credit: AMM, Seaside Properties Group)

Ohio steel family sells South Beach condo for 48% off ask

Ohio steel family sells South Beach condo for 48% off ask
David Martin and Miami Beach Marina (Credit: Google Maps)

David Martin proposing mixed-use tower at Miami Beach Marina

David Martin proposing mixed-use tower at Miami Beach Marina
President Trump, Trump National Doral Miami and Delano South Beach (Credit: SAUL LOEB/AFP via Getty Images and Trump International)

Trump’s Doral golf resort, Delano hotel lay off over 800 employees

Trump’s Doral golf resort, Delano hotel lay off over 800 employees
arrow_forward_ios

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

Loading...