Terra Group Redefines Doral's New Architecture

MIAMI, Nov. 8, 2012 (GLOBE NEWSWIRE) -- Terra Group, Miami's leading real estate developer, is once again rising to the occasion in the ongoing demand for developing a premium development in Doral. The Miami-based developer announced today it will soon break ground on Doral Commons, a mixed-use project that will feature both residential and retail components. Looking towards Doral's growing permanent population, the community's expanded floor plans and retail addition is a response to a growing population that is increasingly becoming the face of Doral.

Building on its past success in Doral with projects such as Doral Cay, Reserve at Doral, Las Sevillas Santa Fe, Las Ramblas, Vintage Estates and Vintage Place, Terra Group is moving full steam ahead on what it believes will be Doral's most prestigious and high-end development to date. Doral Commons will redefine modern architecture and will feature 3,000 to 4,000 square foot estate homes of a caliber that Doral has yet to see. Spanning over 90 acres, the project will offer approximately 300 luxury single-family homes in two gated communities. Doral Commons will also feature a retail component located just west of the residential footprint that will serve as the neighborhood's center for the community.

With a combined space of one hundred and fifty thousand square feet of retail and approximately 300 single family homes, the new project aspires to become a neighborhood hub and community connector for those looking to establish themselves in Doral. "Terra Group will continue to raise the bar in planning and architecture in the neighborhood's we invest in and Doral continues to be a perfect landscape to achieve this goal" said, David Martin, President and Chief Operating Officer of Terra Group.

Heralded by Forbes.com as #2 of America's Top 25 towns to live well in due to its cultural amenities, pro-business environment and highly educated workforce, Doral's explosive growth has been recognized world-wide as one of most elite master-planned communities in Miami to watch. Named as the Best City in Florida for Business Start-ups by BusinessWeek, Doral offers Floridians a space to live, work and play as it is home to approximately 150,000 employees. The master-planned community's lively blend of majestic parks, and A+ schools have skyrocketed its popularity in recent years among its burgeoning Venezuelan population and has become widely acclaimed as one of Miami's hottest cities.

Doral Commons will be located between Northwest 107thAvenue and 97thAvenue along the north end of 74thstreet. Luxury single-family homes will start in the $600s. Terra Realty will be charged with managing sales for the community. For more information, please visit www.terragroup.com

About Terra Group

Design Driven – Neighborhood Focused – Fiscally Sound

Terra Group is a leading Miami-based real estate development company that has continuously transformed South Florida into the metropolis known today. Terra Group has cultivated a reputation as a trendsetter adept at assembling teams of architects, landscape architects and others to create high-end residential, commercial, and mixed-use projects known for originality, attention to detail, and rich quality of community life. The company has developed residential and commercial units yielding in excess of two billion dollars in gross sales within the State of Florida. Terra Group is the recipient of the esteemed Developer of the Year award in 2009 by American Institute of Architects, Miami Chapter.

For more information, visit www.terragroup.com.

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