Two of Miami's biggest names in real estate development finished their Coconut Grove venture completing the third tower at their Park Grove community and paying off a $112 million construction loan.
Terra, led by the Martin family, and Related Group, led by Jorge Perez, finished construction on One Park Grove, a 23-story condominium tower with 66 units.
They took out a $112 million loan in 2018 from Bank OZK for One Park Grove.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
