Terra & Lion Development Propose 48-story Condo Development in Midtown Miami

Terra and Lion Development Group have unveiled plans for a 48-story condominium tower in Midtown Miami. The proposed project, named Midtown 1, is slated for consideration by the city’s Urban Development Review Board on May 15. Situated on a 1.6-acre site at 3501 N.E. First Ave., the development is a venture between Terra, led by David Martin, and Lion Development Group, led by Michael Simkins. The property, acquired for $40.6 million in 2023 by Midtown 1 Investments LLC, is set to be transformed into a sprawling residential complex encompassing 606,856 square feet.

Luxury Living in the Heart of Miami

With 400 units and 27,658 square feet of retail space, Midtown 1 promises to offer a luxurious living experience in the vibrant nexus of the Miami Design District and Midtown Miami. Standard units, ranging from 868 to 2,200 square feet, will be complemented by a lavish 14,471-square-foot penthouse crowning the tower’s summit. Designed by renowned firms Arquitectonica and Yabu Pushelberg, the condominium will integrate green infrastructure elements, underscoring its commitment to community well-being.

Amenities Galore

The proposed tower is poised to redefine urban living with a plethora of amenities catering to residents’ diverse lifestyles. From a tranquil rainforest garden on the second floor to a sophisticated library garden on the third, Midtown 1 aims to provide serene retreats amidst the bustling cityscape. Sculpture and healing gardens on the fifth and seventh floors respectively, along with pool decks boasting outdoor amphitheaters, promise residents a seamless blend of luxury and relaxation.

Legal Representation and Development Timeline

Local attorney Iris Escarra represents the developer in the regulatory process, emphasizing the project's adherence to legal requirements. With construction slated to commence in 2025, David Martin envisions Midtown 1 as a hallmark of sophisticated urban living, offering unparalleled access to world-class amenities and cultural attractions.

Miami's Luxury Condo Boom

The proposal for Midtown 1 reflects a broader trend of luxury condo development in Miami, as developers capitalize on the city’s allure for affluent individuals seeking a cosmopolitan lifestyle.