Construction has officially commenced on The WELL Coconut Grove, a landmark mixed-use development situated in the heart of Miami’s historic Coconut Grove neighborhood. Spearheaded by developers Terra and AB Asset Management, this ambitious project represents a significant evolution in luxury living, explicitly designed to place holistic wellness at the forefront of the residential experience. Consequently, the development will transform the 2.2-acre site at 2855 Tigertail Avenue into a health-centric destination that seamlessly blends private living with commercial utility. Furthermore, the project serves as the first fully integrated residential offering from the renowned wellness brand, THE WELL, marking a major expansion of their portfolio. Ultimately, this groundbreaking marks a pivotal moment for the area, replacing a former office building with a modern sanctuary dedicated to “360-degree” well-being.

Architectural Design and Building Specifications

Designed by the globally acclaimed architecture firm Arquitectonica, the eight-story structure will feature a distinctive coral stone façade that honors the neighborhood’s architectural heritage while embracing modern aesthetics. Specifically, the building will house 194 bespoke residences ranging from 960 to 4,200 square feet, alongside 22,000 square feet of ground-floor retail and nearly 100,000 square feet of Class A office space. Moreover, the interiors, curated by Meyer Davis, emphasize natural light and organic materials to foster tranquility throughout the common and private areas. In addition to the private homes, the development includes a comprehensive wellness ecosystem integrated into the very structure of the building. Therefore, every physical aspect of the property—from air purification systems to layout flow—is engineered to support the physical and mental well-being of its occupants.

The WELL Coconut Grove: Factsheet

Project Name: The WELL Coconut Grove

Developers: Terra (led by David Martin) and AB Asset Management

Location: 2855 Tigertail Avenue, Coconut Grove, Florida

Architect: Arquitectonica (Bernardo Fort-Brescia)

Interior Designer: Meyer Davis

Landscape Architect: L&ND

Status: Under Construction (Groundbreaking Jan 2026)

Estimated Completion: Early 2028

Total Project Value: Approximately $650 Million

Building Height: 8 Stories

Residential Units: 194 luxury condominiums (1 to 4 bedrooms)

Unit Size: 960 to 4,200 square feet

Starting Price: Approximately $1.5 Million

Commercial Component:

~100,000 square feet of Class A office space

22,000 square feet of ground-floor retail

Wellness Amenities:

13,000-square-foot Wellness Club (fitness, spa, health coaching)

40,000-square-foot rooftop amenity deck

Swimming pool, cold plunge, and pickleball court

Restorative gardens and “Crystal Cave” relaxation lounge

Sustainability: Targeting Florida Green Building Design Silver Certification

Unique Features:

First residential project by THE WELL brand.

Integrated holistic health services and concierge.

In-unit wellness tech (air purification, aromatherapy, red light therapy closets).

Amenities and Future Outlook

Future residents will enjoy access to an impressive array of amenities designed to promote a balanced and restorative lifestyle. Most notably, the property will feature a massive 40,000-square-foot rooftop deck equipped with a swimming pool, cold plunge, and a pickleball court, offering space for both relaxation and recreation. Meanwhile, the state-of-the-art 13,000-square-foot Wellness Club will offer specialized services such as IV therapy, infrared saunas, and personalized health coaching directly on-site. Consequently, these facilities aim to provide a wellness experience that integrates seamlessly into daily life, rather than existing as a separate destination.

With construction now fully underway, the project is currently targeting a completion date in early 2028. Finally, this development underscores the growing demand for health-oriented real estate in South Florida, setting a new benchmark for the sector—a trend vividly realized as construction begins on One West Twelve Residences in Miami. This 23-story tower, developed by Property Markets Group, Lion Development Group, and LNDMRK Development, will rise 245 feet in Historic Overtown, blending 372 fully furnished residences with curated amenities like a rooftop garden and the new Vibe BBQ restaurant by Chef Marcus Samuelsson.