MIAMI—Terra just wrapped up its first residential tower in Miami Beach during this commercial real estate cycle. Glass is an 18-story, luxury boutique building in the coveted South of Fifth neighborhood. The address: 120 Ocean Drive.

Glass is 10 stories tall and just steps away from the ocean. It's named Glass because it's an all-glass tower. It's one of the first residential developments completed within the City of Miami Beach in nearly five years and the last high-rise to be built in South of Fifth due to zoning restrictions. Residents should begin moving into the sold-out tower this month.

"GLASS embodies Terra's approach to responsible development that strengthens neighborhoods through innovative design and planning," says Terra president David Martin. "We could have built up to 45 units on this site, but downscaled to only 10 units. Our belief that 'less is more' in real estate, coupled with the designs of Rene Gonzalez and Raymond Jungles, has delivered a stronger finished product and enhanced value for our residents and neighbors."