1250 West Avenue Luxury Condo Miami Beach: Terra Group Joins Project

Introduction

The 1250 West Avenue luxury condo Miami Beach project has taken a major step forward. Terra Group, led by David Martin, has officially joined JDS Development, GV Development, and RG Development to redevelop the site into one of South Florida’s most ambitious condo towers. With zoning approvals secured and a restructured partnership, this project is set to reshape the Miami Beach skyline.

Height and Density Changes

The Miami Beach City Commission approved zoning changes allowing the tower to reach 330 feet—more than twice the previous 150-foot limit. At the same time, the developers reduced the number of residences from 286 to 125, favoring larger, more exclusive units. Read more about Miami Beach zoning updates.

Strategic Partnership Expansion

State filings confirmed Terra Group’s financial stake when its name appeared on the project’s LLCs in late July. The partnership now includes JDS Development (Michael Stern), GV Development (Gianluca Vacchi), RG Development, and Terra Group. This collaboration reflects a growing trend of South Florida developers pooling resources to share risks and reduce costs.

For context, see our coverage of Terra Group’s Key Biscayne land acquisition and the JDS Monad Terrace project.

Community Benefits and Redevelopment

As part of its public benefits package, the team will redevelop the Bikini Hostel site across the street into a community-focused property. This redevelopment played a key role in winning city approval despite early concerns about scale and density.

For related coverage, visit our page on Miami Beach redevelopment projects.

Project Background

The site currently holds Bay Garden Manor, a 15-story building from 1964 with 238 units. JDS and partners continue acquiring the remaining units to complete the buyout. Terra Group is known for entering complex projects, including the Deauville Beach Resort redevelopment.

Investor Outlook

David Martin’s reputation and Terra’s resources bring stability to the project. In a market defined by high construction costs and volatile lending, having four well-capitalized developers reduces risk and boosts confidence in delivery.

What’s Next

With zoning approvals secured and Terra officially involved, momentum is building. The focus now shifts to the construction timeline and investor sentiment. Positioned next to JDS’ Monad Terrace, the 1250 West Avenue luxury condo Miami Beach project signals resilience and ambition in South Florida’s high-end real estate market.

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