Terra Delivers Target-Anchored Centro City Residences in West Miami-Dade

By Traded Media

Key Points

• Terra has completed Centro City Residences, a 470-unit multifamily community in West Little Havana, Miami-Dade County.

• The project spans three eight-story buildings designed by Arquitectonica, with 350,000 square feet of retail, including a Target anchor.

• Leasing is underway, with apartments ranging from 500 to 1,250 square feet and rents starting around $2,400 per month.

Terra, one of South Florida’s leading real estate development firms, has officially delivered Centro City Residences, marking the completion of the first phase of the 38-acre Centro City mixed-use development in Miami’s West Little Havana neighborhood.

Located at 3830 NW 11th Street, the Arquitectonica-designed project features three eight-story buildings with 470 market-rate apartments, surrounding landscaped courtyards and resort-style pool decks. Leasing is now open, with tenant move-ins underway.

Modern Living in the Heart of Miami

Centro City Residences offers studio, one-bedroom, and two-bedroom apartments ranging from 500 to 1,250 square feet, each featuring high-quality finishes and modern designs. Rental rates start around $2,400 per month.

“Centro City Residences reflects Terra’s commitment to creating thoughtfully designed communities that integrate seamlessly into their surroundings,”
— David Martin, CEO of Terra

Martin emphasized the project’s connectivity and community focus, noting its proximity to schools, cultural landmarks, and green spaces—an approach that promotes sustainable urban living through design, access, and mobility.

Amenities and Design

Residents enjoy lifestyle-focused amenities, including:

• Fully equipped fitness center, yoga and spinning studios

• Two resort-style pools with cabanas and lounge seating

• Business and leisure areas, community-wide Wi-Fi, and on-site parking with EV charging

• Hurricane-rated windows, impact-resistant sliding doors, and modern cabinetry

Apartments are equipped with stainless steel appliances, in-unit washers and dryers, and walk-in closets, offering both comfort and convenience.

Retail and Financing

The project’s first phase includes 350,000 square feet of retail space, anchored by a 100,000-square-foot Target. Other tenants include Ross Dress for Less, DD’s Discounts, Fresco Y Mas, Walgreens, and Bank of America.

Earlier this year, Terra secured $291 million in permanent financing for the project, following the completion of its first phase.

Next Phases and Future Development

Centro City’s master plan envisions a mix of multifamily housing, retail, green space, and a Mater Academy Charter School. Construction of Phase Two, which will add 518 additional apartments, is slated to begin in 2026.

Located in West Little Havana, the community benefits from proximity to Calle Ocho, LoanDepot Park, Downtown Miami, Coral Gables, and Doral, with easy access to major highways and airports.

Terra’s Broader Portfolio

Terra’s recent developments across South Florida include:

• Grove Central – a mixed-use, transit-oriented project in Coconut Grove

• Pines Garden at City Center – a garden-apartment community in Pembroke Pines

• Natura Gardens – a multifamily project in Northwest Miami-Dade

• Doral Atrium and Doral Square – retail-driven lifestyle centers in Doral

The firm is also advancing Upland Park, a $1 billion mixed-use community that will transform West Miami-Dade’s Dolphin Park-and-Ride/Transit Terminal into a 47-acre multimodal hub combining residential, retail, and commercial uses.