Terra Completes First Phase of $1 Billion Upland Park Transit-Oriented Development in West Miami-Dade

Terra has completed the first residential phase of Upland Park, a $1 billion mixed-use, transit-oriented development at 1455 NW 121st Ave. in West Miami-Dade, the firm announced. The milestone delivers 578 multifamily apartments to the market, with leasing underway and residents beginning to move into the community.

Developed through a public-private partnership between Terra and Miami-Dade County, the 47-acre master-planned project is redeveloping the Miami-Dade County Dolphin Park-and-Ride Transit Terminal Facility into a mixed-use neighborhood that integrates housing, retail, commercial space, and public amenities with one of the county's busiest transit hubs. The development has been described as the largest transit-oriented development in Miami-Dade County's history.

Project Design and Development Team

The master plan for Upland Park was designed by Arquitectonica, with PPK Architects serving as the project architect and Plusurbia Design leading urban planning. The development is positioned to serve as a future anchor of the East-West Corridor under Miami-Dade County's Strategic Miami Area Rapid Transit (SMART) Program, connecting residents directly to the county's broader public transportation network.

David Martin, CEO of Terra, said the completion of the first phase reflects a broader vision for how public-private partnerships can reshape communities.

"The completion of Upland Park's first phase represents much more than the delivery of new homes — it's the realization of a long-term vision for how thoughtful public-private partnerships can reshape our communities," Martin said. "Together with Miami-Dade County, we're creating a vibrant mixed-use destination that expands housing opportunities, encourages transit use, and establishes a new standard for transit-oriented development in South Florida. With residents beginning to move in this summer, we're excited to see Upland Park evolve into the vibrant, connected community it was designed to be."

Apartment Units, Finishes, and Amenities

Phase One offers studio, one-, two-, and three-bedroom apartments, along with select floor plans featuring dens. Units range from approximately 700 to 1,528 square feet, with monthly rents starting in the $2,000s. Interior finishes include Italian cabinetry, quartz countertops, stainless steel appliances, luxury vinyl tile flooring, in-unit washers and dryers, roller shades, and walk-in closets in primary bedrooms.

Community amenities include a resort-style lap pool, a separate children's pool, a clubhouse, pickleball courts, outdoor grilling and gathering areas, a playground, a dog park, a game lawn, landscaped green spaces overlooking a community lake, bicycle storage, and electric vehicle charging stations.

The site's location adjacent to the Dolphin Station Park & Ride Transit Terminal provides residents with direct access to public transportation, while also offering proximity to Florida's Turnpike, State Road 836 (Dolphin Expressway), Miami International Airport, Downtown Doral, and Florida International University.

Phase Two and Full Buildout Plans

Construction on the second residential phase is expected to begin later this year. Phase Two will add 484 multifamily apartments to the community, bringing the total planned residential count across the two phases to 1,062 units. Future phases of Upland Park are planned to include additional mid-rise and garden-style residential buildings, along with retail and commercial space and expanded public gathering areas integrated into the transit station.

Terra has been pursuing large-scale, master-planned communities in South Florida that combine housing, retail, and transit access. The firm is also developing CentroCity, a 38-acre mixed-use project that includes up to 1,200 apartments and approximately 300,000 square feet of retail anchored by Target.

Market Context

The delivery of Upland Park's first phase comes as South Florida's multifamily sector continues to benefit from durable renter demand, even as developers across the region navigate elevated borrowing costs and construction material inflation. Construction material costs rose more than 40% between January 2021 and April 2026, a dynamic that has made large ground-up projects more difficult to finance and execute. Transit-oriented developments have drawn increased attention from developers and investors in part because the ability to market housing around mobility and transit access can differentiate projects in land-constrained markets.

Multifamily has remained one of the stronger commercial real estate sectors heading into 2026, with government-sponsored enterprises increasing multifamily lending caps by 20.5%, a signal of continued institutional support for apartment financing. Leasing demand is also expected to strengthen as new supply declines across several markets, a trend that could support stabilization at well-located projects.

For Miami-Dade County, the project represents a large-scale investment in transit-oriented development that pairs new housing supply with existing public infrastructure, a model the county has indicated it intends to advance through its SMART Program corridor planning.

Sources

• Terra – Upland Park Phase One Completion Announcement
• Terra – Phase One Completed at $1 Billion Upland Park