Loading...
HomeMy WebLinkAboutMiami Beach Terra and GFO Investments To Hold Groundbreaking for Kaleidoscope Pedestrian Bridge City of Miami Beach, FOR IMMEDIATE RELEASE Feb. 12, 2025 City of Miami Beach, Terra and GFO Investments to Hold Groundbreaking for Daniel Buren-Designed Pedestrian Bridge — The city’s landmark is slated to open by the summer or fall of 2026 — Miami Beach, FL – The City of Miami Beach, in partnership with developers Terra — led by David Martin — and GFO Investments — led by Russell Galbut — will hold a groundbreaking event on Thursday, Feb. 13 at 10 a.m. to celebrate the start of construction and provide a project update on the colorful pedestrian bridge that will soon welcome millions of visitors who enter the city along 5 Street in South Beach. The event will take place at the SW corner of 500 Alton Road. “Our new pedestrian bridge isn’t just about aesthetics—it’s about safety, accessibility, and walkability," said Miami Beach Mayor Steven Meiner. "By providing a secure and enjoyable way to cross one of our busiest roadways, we're making Miami Beach safer and more connected. Construction for the new Daniel Buren-designed landmark began in January and is expected to be completed by the summer or fall of 2026. The project was partially funded by a General Obligation Bond approved by City of Miami Beach voters in 2018.The striking piece is being developed as part of a public-private partnership between the city and the Five Park development team. In 2022, Martin and Galbut delivered the Canopy Park to the community under a similar arrangement that paved the way for the adjacent 48-story Arquitectonica- designed condo tower that opened late last year. “This project represents a transformative milestone for Miami Beach, blending world-class public art and practical connectivity to enhance the urban experience,” said Martin, CEO of Terra. “Daniel Buren’s visionary design elevates a simple pedestrian bridge into a work of art, while providing much-needed accessibility and connectivity between some of our city’s most vibrant neighborhoods. We are proud to partner with the City of Miami Beach and GFO Investments to deliver this landmark as part of the Five Park development.” More than a bridge, the Fifth Street Pedestrian Bridge is the crowning gem that will complete the area's circulation network, linking the South of Fifth and West Avenue neighborhoods. This elevated crossing will connect the city’s popular Beachwalk amenity in South Pointe Park to the coming Baywalk amenity. Once completed, the bridge will enhance bicycle and pedestrian travel for residents and visitors alike. Buren, an internationally acclaimed French conceptual artist, is celebrated for his work at the Solomon R. Guggenheim Museum in New York City and the Guggenheim Museum Bilbao in Spain as well as his work at the acclaimed international cultural exhibition in Italy, the Venice Biennale. The Miami Beach project is expected to redefine the city’s urban landscape, becoming a signature architectural and artistic achievement. Known for creating some of the world’s most iconic public art installations — such as the black- and-white marble columns at the Palais Royal in Paris and the vibrant sails of colored glass at the Louis Vuitton Foundation — Buren’s 158-foot enclosed pedestrian bridge will feature a mosaic of vibrant, translucent panels, which transform sunlight into a kaleidoscope of colors, casting dynamic patterns across the walkway and street below. Designed with accessibility in mind, the bridge will feature elevators and stairs that are thoughtfully integrated into the surrounding landscaping and greenery, ensuring ease of use for all residents and visitors. Upon completion, the bridge will offer effortless access to Miami Beach’s premier attractions, including world-class dining, luxury retail, wellness centers, arts venues and elevated nightlife experiences, further enhancing the city’s vibrant appeal. ### About Terra Terra is a Miami-based real estate development and investment company that creates communities, enhances neighborhoods and connects people. Led by David Martin, Terra was founded in 2001 and is involved in all facets of residential and commercial development, including realty, mortgage, marketing and construction. Terra owns and operates a carefully curated portfolio of real estate developments valued at more than $8 billion that elevate quality of life; maximize the way in which people work, live and entertain; and innovate the urban and suburban landscape with an eye toward resiliency and sustainability. Since its launch, Terra has developed more than 5 million square feet of residential, commercial, and mixed-use projects across South Florida. Terra thrives by assembling teams comprised of the world’s most accomplished architects, designers, planners, engineers and builders who collaborate to bring the firm’s development vision to life. Learn more at www.terragroup.com. About GFO Investments GFO Investments is a private wealth management advisory firm focused on real estate development and ventures such as hospitality operations, private financing, and capital market securities. With more than 40 years of business excellence, GFO Investments’ portfolio includes dozens of investments in various sectors such as hotel, food and beverage operations, retail, multifamily/condominiums, and warehouses. Those investments include popular Miami locations such as Gale South Beach, 72 Park Miami Beach, Bodega Taqueria y Tequila, Papi Steak, Brickell Heights, Natiivo Miami, Nema Miami, Five Park, Gale Miami Hotel & Residences, 72 Park Miami Beach, Forma Miami and dozens more. GFO represents and invests solely on its behalf. For more information, please visit www.gfoinvestments.com. Media Contact for Terra an GFO Investments  Power Collective Alice Teodoro / alice@powercollective.com  To request this material in alternate format, sign language interpreter (five-day notice required), information on access for persons with disabilities, and/or any accommodation to review any document or participate in any city-sponsored proceedings, call 305.604.2ADA (2232) and select 1 for English or 2 for Spanish, then option 6; TTY users may call via 711 (Florida Relay Service).