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- 💰$520M Brickell Deal & THE WELL Coconut Grove
💰$520M Brickell Deal & THE WELL Coconut Grove
Check out how Miami's wealth, culture, industry, and real estate is booming this week!
Joe Biscaha
January 03, 2025
Happy Friday, Miami!
In this week’s update:
🎆 Welcome to the New Year: With the first sunrise of the year lighting up downtown Miami, South Floridians pause to reflect on the past and embrace new beginnings.
🏙️ THE WELL Coconut Grove: Terra and THE WELL unveil THE WELL Coconut Grove, a $650M wellness-focused residential project, following the success of THE WELL Bay Harbor.
🏗️ Bay Harbor Islands Condo Secures $56M Loan for Groundbreaking: Regency Development Group secured a $55.7 million construction loan. La Mare will feature 33 condos and 69 parking spaces. Kobi Karp Architecture designed the Bay Harbor Islands project.
In case you missed it
🎥 What's It Like Living in Miami's South Beach in 2025?
In this video, I will tell you everything you need to know about what it's like living in Miami Beach's South Beach neighborhood - everything is not what it seems!
🏙️ Terra and THE WELL Announce Their Second Wellness-Focused Residential Project in Miami
Driving the news: Terra and THE WELL are launching their second wellness-focused residential community in Miami: THE WELL Coconut Grove, a $650 million development set to bring luxury and holistic living to Tigertail Avenue.
Details:
Residences: Units range from 1 to 4 bedrooms, spanning 960 to 4,200 square feet, with prices starting at $1.5 million.
Wellness amenities: Standout features include hyperbaric chambers, crystal cave relaxation lounges, and dedicated spaces for physical and mental well-being.
Strong demand: Within 48 hours of the announcement, 20% of units were already reserved.
Why it matters: Coconut Grove’s active lifestyle and lush environment make it the perfect home for this wellness-driven community. Miami’s reputation as one of the healthiest cities in the U.S. aligns with THE WELL’s mission of merging luxury with well-being.
The big picture: Following the success of THE WELL Bay Harbor, this new project highlights a growing trend in wellness real estate, which caters to buyers seeking homes that support health-conscious living.
What’s next: As reservations continue to rise, construction is expected to move forward quickly, with Terra and THE WELL poised to redefine high-end living in Coconut Grove.
The bottom line: THE WELL Coconut Grove offers a new standard in luxury housing, blending cutting-edge wellness amenities with Miami’s signature style, creating a unique haven for modern homeowners.
Real Estate Insights
What to do this weekend
🏮 Luminosa: A Festival of Lights (Ongoing through January 5, 2025) – An enchanting display of light sculptures and illuminated artworks, creating a magical nighttime experience for visitors of all ages.
💂🏼♀️ Downtown Doral World of Nutcracker (Ongoing through January 5, 2025) – An immersive experience bringing the classic holiday tale to life through interactive displays and festive decorations.
🎡 South Florida Fair (January 4-5, 2025 - Preview weekend) – While not in Miami, this nearby event features carnival rides, live entertainment, and agricultural exhibits. The main fair runs from January 17 to February 2, 2025.
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Have a great weekend!!
-Joe