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.
THE WELL’s Third Miami Location Brings Holistic Wellness & Eating to Jean-Georges’ Miami Tropic Residences
A New Era of Wellness at Miami Tropic Residences
In a move that’s set to redefine wellness-focused luxury living in Miami, the Jean-Georges Miami Tropic Residences have officially partnered with THE WELL. Originally from New York City, THE WELL is a high-end, holistic wellness club known for its integrated approach to movement, nutrition, mindfulness, and longevity—marking its third Miami outpost. The new wellness club will occupy the seventh floor of the Miami Tropic Residences, offering a unique and immersive wellness experience right in the heart of the building.
The Club will feature a main fitness studio for cardio and weights, a yoga and barre studio with outdoor space, a squash court, private treatment rooms, an infrared sauna, steam room, hot tub, and cold plunge. Customized programming will emphasize nutrition, movement, mindfulness, skincare, longevity, and community.
The Third Jewel in THE WELL’s Miami Crown
This will be THE WELL’s third location in Miami, following THE WELL Bay Harbor Islands (set to be delivered this year) and THE WELL Coconut Grove (slated to be delivered in 2028). While the first two are fully branded buildings, this partnership is a bit different: THE WELL is the official wellness partner of the Jean-Georges residences, integrating their renowned wellness offerings into a non-branded luxury residence for the first time in Miami.
Wellness Meets Culinary Excellence
What truly sets this partnership apart is how it marries wellness with a gourmet, food-as-medicine philosophy. Under the guidance of chef Jean-Georges, the residences will feature a strong focus on local, organic dining. According to THE WELL’s CEO Rebecca Parekh, the club will emphasize a unique wellness-driven food program that aligns perfectly with Jean-Georges’ culinary approach. This makes it an ideal home for those who value both high-end wellness and mindful, healthy eating.
Looking Ahead
As this partnership is still relatively under the radar, it’s an exciting opportunity for potential buyers to get in early on a project that blends the best of luxury living, holistic wellness, and world-class dining. With groundbreaking expected in Q2 of this year, the Jean-Georges Miami Tropic Residences and THE WELL are poised to set a new standard for wellness-focused living in Miami.
Pricing & Residence Details
Jean-Georges’ Miami Tropic Residences will feature 338 luxury residences with competitive pricing for a wellness-driven, chef-branded development in Midtown Miami. Pricing currently starts around $1 million, with many residences priced under $1,200 per square foot.
Residences range from 1- to 4-bedroom layouts and include:
- Private elevator vestibules
- 10’+ ceiling heights
- Deep 9’6” terraces
- Jean-Georges–designed kitchens
- Gaggenau appliance package
- Limestone flooring throughout
- Finished primary closets
- High-end luxury finishes throughout
Current Pricing Snapshot (Subject to Change)
1 Bedroom / 1 Bathroom
- Interior: 852 SF
- Total: 1,073 SF
- Starting from $1,013,000 (≈ $1,189/SF)
1 Bedroom / 1 Bathroom / Powder Room
- Interior: 890–1,075 SF
- Total: 1,240–1,345 SF
- Starting from $1,117,000 (≈ $1,214/SF)
2 Bedrooms / 2 Bathrooms / Powder Room
- Interior: 1,307–1,719 SF
- Total: 1,073—1,262 SF
- Starting from $1,702,000 (≈ $1,122/SF)
3 Bedrooms / 3 Bathrooms / Powder Room
- Interior: 1,983–2,373 SF
- Total: 2,926–3,558 SF
- Starting from $2,642,000 (≈ $1,113/SF)
4 Bedrooms / 4 Bathrooms / Powder Room
- Interior: 2,549–2,892 SF
- Total: 3,712–4,073 SF
- Starting from $4,066,000 (≈ $1,571/SF)
