1250 West Avenue Miami Beach Moves Closer to Reality: A New Luxury Landmark for Miami Beach

One of the most anticipated luxury condominium developments on Miami Beach’s West Avenue has taken a major step forward — and the site is already changing. The Miami Beach Design Review Board has unanimously approved plans for a 330-foot waterfront condominium tower at 1250 West Avenue in South Beach. The development, led by Terra in partnership with RG Development Group and GV Development, will replace the existing 15-story, 238-unit condominium building constructed in 1964 — transforming a dated waterfront property into one of the most exclusive luxury addresses on Miami Beach.

Footage of existing building at 1250 West Avenue, captioned: “The existing building at 1250 West Avenue, soon to be replaced by a 330-foot luxury waterfront tower by Terra.

What Is Being Planned at 1250 West Avenue

Designed by ODP Architecture and Design, the proposed tower rises 330 feet and features 106 luxury residences averaging nearly 3,500 square feet each. That combination of height, unit count, and average size places this project firmly in ultra-luxury territory: fewer homes than most buildings have floors.

The two penthouses are planned to include rooftop pools and a private amenity deck. Additional components include underground parking, a 2,685-square-foot commercial space on the ground floor, and tropical gardens maintained by pollutant-filtered bioswales.

As part of the overlay zoning agreement approved by the Miami Beach City Commission last summer — which allows for the 330-foot height — the development team is also required to complete a Baywalk segment and redevelop the adjacent Bikini Hostel property at 1247 West Avenue into a public park. These are meaningful public benefits built into the project’s approval.

Strong Developer Conviction — and a $120 Million Site

Terra and its partners acquired the property for approximately $120 million, a transaction that included the Bikini Hostel property and was financed with a $98 million loan from Northwind. That level of capitalization signals serious developer conviction and sets a clear floor for the project’s ambition.

“The approval by the Miami Beach Design Review Board marks an important milestone for 1250 West Avenue and reflects the thoughtful evolution of the project through continued collaboration with the City, board members, and neighborhood stakeholders,” said David Martin, CEO of Terra.

More than a dozen Miami Beach residents — many of whom own homes on the west side of Miami Beach — spoke in favor of the proposal at the Design Review Board meeting.

The Location: Between Two Defining Projects

The site’s position on West Avenue is part of what makes it compelling. Immediately to the north sits Monad Terrace, the acclaimed waterfront development designed by Pritzker Prize-winning architect Jean Nouvel. Six blocks to the south is Five Park, Terra’s own landmark tower that has redefined the gateway to South of Fifth.

1250 West Avenue sits between two of the most architecturally significant residential buildings on Miami Beach’s bayfront. That context alone tells you something about where this neighborhood is heading.

Where the Project Stands Now

The Design Review Board approval is a significant milestone, but several regulatory steps remain before demolition and construction can begin. Baywalk plans are currently under review by the U.S. Army Corps of Engineers and the State of Florida. The development team is also negotiating with neighboring Bayview Terrace regarding a Baywalk segment behind that property.

What is already moving: existing tenants have received notices to vacate, and the footage above documents the building as it stands today — the last chapter before redevelopment begins.

Work With a Specialist in This Market

For buyers and investors watching 1250 West Avenue, few professionals understand this specific market better than Stefania Cambarau of the David Siddons Group. As a specialist in Miami Beach luxury real estate and new development sales, Stefania has successfully represented buyers in several of South Florida’s most sought-after new construction projects, including developments by Terra Group.

With only 106 residences planned — and no sales launch announced yet — early positioning matters. Buyers who establish a relationship with the right advisor before a project goes to market consistently secure better access and more favorable terms.

As 1250 West Avenue Miami Beach moves toward groundbreaking, it is poised to become one of the most important luxury condominium projects to emerge on West Avenue in recent years.

To get ahead of the launch and learn about luxury waterfront opportunities in Miami Beach — including off-market inventory — contact the David Siddons Group directly:

📞 +1 (305) 508-0899  📧 [email protected]

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