Terra Group and Fortune International Group, two of South Florida’s premier luxury developers, have jointly purchased the Silver Sands Beach Resort at 301 Ocean Drive in Key Biscayne for
$205 million—the highest land sale ever recorded on the island (
WLRN).
The 3.8–3.9‑acre oceanfront site will be redeveloped into a
14‑story branded boutique condominium featuring just
56 residences and 221 underground parking spaces—marking the first major new condo project on Key Biscayne in over a decade). Construction is scheduled to launch in
late 2026 (
WLRN).
🏝️ A Community-Focused, Climate-Resilient Vision
Nestled between Biscayne Bay and the Atlantic Ocean, Key Biscayne is cherished for its lush landscapes, walkable streets, and tight-knit village atmosphere—set apart from the bustle of Miami yet just minutes away .
David Martin, CEO of Terra, emphasized a commitment to sustainable design and long-term community impact: “Our vision … complements the beauty and heritage of Key Biscayne … enhancing quality of life … preserving the natural beauty of the island” (
WLRN).
Meanwhile, Fortune International’s founder Edgardo Defortuna, a longtime resident, added: “We will build something that reflects and respects [Key Biscayne’s] legacy … adding meaningful value to daily life” .
🌴 Amenity-Rich, Design‑Driven, Eco‑Smart
- Residences & Amenities: The condominium will offer panoramic ocean views, fine dining, two resort-style pools, indoor/outdoor social areas, a spa, and fitness center.
- Design & Landscape: Designed by Touzet Studio with lush landscaping by Raymond Jungles, the structure takes cues from the iconic Stiltsville houses—creating a tropical-modern building that appears to float above native plantings (WLRN).
- Environmental Resilience: Rain gardens, bioswales, drainage wells, and a cistern will help manage stormwater, minimize runoff, and bolster flood adaptation. An approved zoning adjustment allows the building to rise three feet to compensate for rising sea levels (WLRN).
🏘️ Investing Back in Key Biscayne
Terra and Fortune plan infrastructure upgrades to support the broader community, including traffic flow improvements, upgraded drainage systems, and contributions to the Village’s Land Acquisition Trust for parks and public space enhancements. The project is poised to generate significantly higher property tax revenue, strengthening Key Biscayne’s financial outlook (
Markets of Tomorrow).
📚 Developer Track Records
- Terra Group: Recent and ongoing Miami-area projects include Five Park Miami Beach, Mr. C Residences Coconut Grove, Villa Miami in Edgewater, Jean‑Georges Tropic Residences in Midtown, The WELL Coconut Grove, The WELL Bay Harbor Islands, and Mr. C Hotel & Residences West Palm Beach .
- Fortune International Group: Notable developments include Jade Signature and The Ritz‑Carlton Residences in Sunny Isles Beach; Auberge Beach Residences & Spa in Fort Lauderdale; plus ongoing projects such as Ritz‑Carlton Residences, Pompano Beach, St. Regis Residences, Faena Residences Miami, ORA by Casa Tua, and Nexo Residences North Miami.
🧭 In Summary
With this record-breaking acquisition and visionary design, Terra and Fortune are poised to deliver an
ultra-luxury, climate-forward residential landmark that reflects Key Biscayne’s character while enhancing its resilience and community infrastructure. This development aims to be both a stunning architectural statement and a meaningful investment in the village’s future.
