A Partnership Built for a Landmark

Founded by the Martin family and led by CEO David Martin, Terra has become the developer of record for design-driven, environmentally conscious luxury in Miami. Terra consistently pairs star architects — from Bjarke Ingels to Renzo Piano collaborators — with best-in-class landscape and resiliency planning.

Terra's portfolio spans roughly five million square feet of residential and mixed-use development across Miami-Dade, from single-family enclaves in Coconut Grove to towers on Miami Beach. The firm is also known for public-realm and resiliency work — park dedications, shoreline improvements, and infrastructure contributions negotiated alongside its projects, an approach directly relevant to a village like Key Biscayne.

• — Villa Miami (with Major Food Group, on the Edgewater waterfront)
• — Five Park Miami Beach (the tallest tower in Miami Beach)
• — Mr. C Residences Coconut Grove
• — Park Grove (with Related, designed by OMA/Rem Koolhaas)

Founded in 1983 by Edgardo Defortuna, Fortune International Group is one of South Florida's most established luxury developers and brokerages, with a global sales network that reaches UHNW buyers across Latin America, Europe, and beyond — a decisive advantage for an internationally sought market like Key Biscayne.

Fortune operates as a fully integrated platform: development, sales, and marketing under one roof, with hundreds of associates and international offices feeding buyers into its projects. Over four decades it has delivered more than a dozen oceanfront towers in Sunny Isles Beach and Miami Beach — the exact product type and delivery risk profile that 301 Ocean Drive represents.

• — Jade Signature (Herzog & de Meuron, Sunny Isles Beach)
• — The Ritz-Carlton Residences, Sunny Isles Beach
• — ORA by Casa Tua (Brickell)

Buyers in pre-construction are underwriting the developer as much as the building. This joint venture combines Terra's architectural ambition and entitlement expertise with Fortune's four decades of oceanfront delivery and international distribution. Both firms have completed — not just launched — some of the most complex luxury towers in Florida, through multiple market cycles.

Their combined $205M land commitment at 301 Ocean Drive signals conviction: this is a flagship for both companies, on a site that cannot be replicated.

Touzet Studio leads architecture, bringing a Miami-native, climate-conscious sensibility suited to Key Biscayne's low-rise character, while Raymond Jungles — arguably the most celebrated landscape architect working in South Florida — shapes the 3.8-acre grounds. The pairing signals a building designed to sit within the island rather than dominate it.

For buyers, the design team is also a resale consideration: on Key Biscayne, where new inventory is nearly nonexistent, architectural provenance and landscape quality tend to hold value disproportionately well over time.

In pre-construction, the developer's completion history is the single most useful predictor of outcome. Both firms have delivered oceanfront towers through the 2008 downturn, the post-2015 slowdown, and the pandemic-era construction-cost spike — periods when less-capitalized sponsors stalled projects or returned deposits. Fortune's Sunny Isles Beach portfolio, including Jade Signature and The Ritz-Carlton Residences, shows repeat delivery of the same product type on a comparable timeline to what 301 Ocean Drive contemplates. Terra's completed Miami Beach and Coconut Grove work shows entitlement durability in politically demanding municipalities — directly relevant on Key Biscayne, where the village council and residents scrutinize height, density, and traffic closely.

Practical diligence items for buyers reviewing the condominium documents at launch: confirm which entity is the declarant and whether it is a single-purpose JV entity; confirm the escrow agent and whether deposits are held in escrow or may be used for construction under Florida statute; read the developer's reserved rights to modify unit layouts, finishes, and amenity programming; check the outside completion date and the buyer's remedies if delivery slips beyond it. None of these are unusual, but the specific language differs project to project and materially affects your risk.

Both partners also carry reputational exposure here that a one-off sponsor would not. This is a flagship for two firms that continue to sell future projects to the same buyer pool and the same lenders, which aligns their incentives with delivering on the specification promised at launch. Read the investment case and carrying-cost analysis alongside this page before you register.