Terra introduces CentroCity - S. Florida Business & Wealth

Terra introduces CentroCity

A mixed-use project will soon change the landscape of West Little Havana.

Terra recently introduced its master plans for the 38-acre CentroCity, a mixed-use development with “up to 1,200 market-rate residential apartments, green space for residents, an office building, and a revamped shopping center with 300,000 square feet of lifestyle-oriented retail and restaurant space anchored by a 77,000-square-foot Target store,” according to a release. The property is bordered by Northwest 37th Avenue on the east, Northwest 7th Street on the south, Northwest 39th Avenue on the west and Northwest 11th Street on the north.

“Our mission at Terra is to improve communities through developments that fill a void in the market, and that’s exactly what we plan to do at CentroCity,” said David Martin, CEO of Terra, in the release. “Our goal is to enhance this underutilized asset and make it a more positive contributor to the community through low-impact infill development that will enhance the property while bringing much-needed market-rate housing to the neighborhood.”

The development will actually begin with the redeveloping of the current Central Shopping Plaza by RSP Architects with new signs, common areas, landscaping and more. The first phase will cover the residential component, designed by Arquitectonica: three eight-story multifamily buildings that include 460 garden-style rental apartments and feature pool decks, courtyards and landscaped sidewalks. Residential amenities will include poolside cabanas, playground, dog park, lounges, game rooms and barbecue grill areas.

Further phases will add a 250,000 square foot class A commercial office and more multifamily units. Ultimately, CentroCity will feature seven multifamily buildings behind an L-shaped shopping center anchored by a 77,000-square-foot Target.

Construction is scheduled to begin this summer.

You May Also Like
MODS Names New Board Trustees

Museum of Discovery and Science
Taps Healthcare and Tech Leadership for Board Chair and Trustee Roles

Read More
A white modern building with palm trees in front, labeled "Museum of Discovery and Science," featuring a distinctive arched roof and banners, under a blue sky with scattered clouds. South Florida Business & Wealth
A Study in Statesmanship

PBA’s 2026 LeMieux Speaker Series Opens with Pompeo and Kerry

Read More
Two older men in suits and ties are shown in separate circular frames with gold borders. The man on the left has light hair and a serious expression; the man on the right has gray hair and a slight smile. South Florida Business & Wealth
Breaking the Glass Ceiling in Senior Living

Melissa Honig becomes the first woman CEO in John Knox Village’s history, signaling a thoughtful evolution in Florida senior living.

Read More
A woman with long, straight blonde hair smiles broadly at the camera. She is wearing a sleeveless pink and white top and is posed in front of a plain, light-colored background. South Florida Business & Wealth
Other Posts
$85M Fuels Hallandale Office Play

An eight-story Class A office condominium signals growing confidence in Hallandale Beach’s commercial evolution.

Read More
Modern six-story office building with large windows and palm trees along the sidewalk; cars are parked and driving on the street, set under a bright blue sky with scattered clouds. South Florida Business & Wealth
$84M Bridge Loan Advances Astor Park in Flagler Village

Berkadia secures construction financing as Midtown Capital positions its 252-unit luxury community for a mid-2026 delivery in one of Fort Lauderdale’s strongest rental submarkets.

Read More
A modern apartment complex with two tall buildings, large balconies, and a rooftop pool, located at a busy intersection at dusk. The sign reads "Astor Park Flagler Village." Palm trees and city lights are visible. South Florida Business & Wealth
Zuckerberg’s Billionaire Bunker Buy

The Meta founder joins South Florida’s most rarefied enclave with a reported $150–$200 million Indian Creek Island estate.

Read More
Aerial view of a green golf course on an island surrounded by blue water, with trees, sand traps, and several buildings, set against a city skyline in the background under a partly cloudy sky. South Florida Business & Wealth
Back on the Retail Court

Raanan Katz drops $36 million on a Fort Lauderdale shopping center as Broward’s retail market holds firm.

Read More
A grayscale image of an older man in a polo shirt is in the foreground, with large, aerial views of a shopping mall and its parking lot in the background. The mall roofs are highlighted in yellow. South Florida Business & Wealth