THE WELL Coconut Grove Breaks Ground with $410M Loan, Bringing Wellness Living to Miami

Record-Breaking Financing Fuels Construction

THE WELL Coconut Grove, a joint venture between Terra and AB Asset Management, has broken ground backed by a $410 million construction loan from Tyko Capital—the largest ever in Coconut Grove’s history. David Martin, CEO of Terra, stated, “This construction financing and groundbreaking marks significant milestones for both Terra and THE WELL as we expand our wellness-focused residential and hospitality footprint in one of Miami’s most vibrant neighborhoods.”

Exclusive Amenities for a Balanced Lifestyle

THE WELL Coconut Grove offers a 40,000-square-foot rooftop wellness oasis with a private pool, hot and cold plunges, cabanas, and a pickleball court. The 13,000-square-foot state-of-the-art wellness center includes a communal bathhouse, crystal cave lounges, hyperbaric chambers, and vitality lounges. Residents can enjoy unique social spaces like an aperitif bar, a tea garden, and the Conservatory for coworking or IV therapy, plus personalized wellness services like bi-annual health coaching and access to the latest wellness technologies.

Wellness-Focused Luxury Living

Set to open in Q4 2028, THE WELL Coconut Grove will feature 194 residences across 8 stories. Residences range from one to four bedrooms, spanning 960 to 4,200 square feet, with prices starting at $1.5 million. Interiors include Italkraft cabinetry, Sub-Zero and Wolf appliances, Kraus Kore sinks, and quartzite countertops. Many units offer dedicated Wellness Dens for meditation and in-home wellness packages curated by THE WELL.

Developer Legacy & Coconut Grove Impact

Terra, known for shaping Coconut Grove, has previously delivered Grove at Grand Bay, Park Grove (One Park Grove, Two Park Grove, Park Grove Club Residences), and Mr. C Residences (Mr C. Bayshore Residences and Mr. C Tigertail Residences). With THE WELL Coconut Grove, Terra and AB Asset Management continue elevating the neighborhood. Delivery of this wellness anchor is slated for Q4 2028, setting a benchmark for future real estate in the area.