South Florida’s Terra has secured a $170 million construction loan from SCALE Lending to advance Upland Park, a $1 billion, mixed-use development in West Miami-Dade. The project will include more than 2,000 residential units and 282,000 square feet of retail space across 47 acres. Construction will start in early 2025, with a formal groundbreaking ceremony planned.

Upland Park is designed to be Miami-Dade County’s largest public-private transit-oriented development. It aims to increase public transit ridership and anchor the county’s new East-West Corridor. The site will feature a mix of residential, retail, and commercial spaces, providing transportation alternatives to key destinations such as Miami International Airport and Downtown Miami.

This first phase of the development will comprise 578 apartments. The project was approved in 2021, and Terra began laying the groundwork for its success, including securing a $35 million pre-construction loan and signing a utilities deal in 2023.

Designed by PPK Architects in collaboration with Arquitectonica and Plusurbia Design, Upland Park will also create thousands of new jobs and generate substantial tax and rent revenue for Miami-Dade County. The project is part of Terra’s broader expansion across South Florida, including its ongoing developments like CentroCity in Miami and THE WELL Bay Harbor Island luxury condos.

Variation of Key Points

• Terra secures $170M loan from SCALE Lending for Upland Park.
• Mixed-use development set to include over 2,000 apartments, retail, and commercial spaces.
• Upland Park will be Miami-Dade’s largest public-private transit development.
• Phase one of the development will feature 578 apartments, starting in 2025.
• Designed to boost public transit usage and enhance the East-West Corridor.