Terra & Fortune Break Ground on Key Biscayne’s Gateway Padel Facility + Condo Sales Hub

Key Points

• 1.42-acre padel and retail complex approved at 12–24 Crandon Blvd, featuring 3 indoor and 2 outdoor courts, cafe, pro shop, and sales office. 

• Terra’s affiliate buys in from Carlos Lopez’s Latitude Group—first phase tied to its $205M, 56-unit condo at 301 Ocean Drive. JV with Fortune International. 

• Designed by Hollywood’s ODP Architecture & Design, 5,309 SF of mixed-use commercial/office space, plus 33 parking spots—at Key Biscayne’s front door. 

Key Biscayne’s City Council just green‑lit a unique mixed-use padel hub led by Terra, serving as both a community amenity and prelude to its luxury condo launch. In this blog, we’ll break down the project’s scope, the developer’s broader vision with Fortune International, and what this signals for island‑scale CRE in South Florida.

Project Breakdown

Padel + Retail Complex at the Gateway

• Indoor & Outdoor Courts: 3 indoor, 2 outdoor padel courts—one of the first elite multi-court facilities on the island. 

• Mixed-Use Space: 5,309 SF total includes a 480 SF café, 80 SF pro shop, and 33 parking spots.

• Strategic Design: ODP Architecture & Design refreshed prior designs, embracing landscape and site commentary at workshop in May. 

Condo Sales Center: Bridging to 301 Ocean Drive

• Terra-affiliate Environmental Resilient Communities LLC has the site under contract from ES KB LLC of Latitude Group.

• First tenant will serve as sales office for the upcoming 56-unit, oceanfront luxury condo priced ~$205M JV with Fortune International at 301 Ocean Drive. 

• That condo development is the island’s first new condo project in over a decade, slated for 2026 construction. 

Market & CRE Insight

• Padel Spike: Skyrocketing demand in South Florida aligns this amenity-rich community-site with broader wellness and lifestyle trends. 

• Place‑making at Entry Point: Locating courts and café at the island’s entrance is smart placemaking—high visibility, increases foot traffic, primes local market.

• Integrated Sales Strategy: Embedding the condo sales office onsite builds hype and stitches together the sport‑to‑residence experience. It’s a consumer funnel done right.

• Resilient Design Meets Luxury: Terra + Fortune aim to elevate standards through climate‑resilient architecture and high-end finishes—backed by top-tier firms like Touzet Studio and Raymond Jungles. 

Conclusion

This padel‑centric entry hub isn’t just an amenity—it’s the physical overture for Terra & Fortune’s signature South Florida lifestyle offering. Positioning courts, cafe, pro shop and condo sales under one roof creates synergy and buzz ahead of construction at 301 Ocean Drive. Expect this to set a new standard for integrated CRE amenity plays in niche yet affluent markets like Key Biscayne.