Construction Complete at Terra Beachside 6000 Collins Condominium

116-Unit, Six-Story Development Receives Temporary Certificate of Occupancy;
Project Exceeds 60% Sales Level in Six Months

MIAMI BEACH (September 3, 2010) – Developer BH III LLC (“BH3”) today announced construction has been completed at Terra Beachside 6000 Collins, its 116-unit, six-story upscale condominium community in the heart of Miami Beach at 60th Street and Collins Avenue.  The development received its Temporary Certificate of Occupancy from the City of Miami Beach and will soon begin closings.

Originally conceived by renowned architects Sieger Suarez, Terra Beachside 6000 Collins broke ground in 2004, but construction was halted before completion due to financial issues.  In November 2009, locally-based BH3, led by Charles Phelan, Gregory Freedman and Daniel Lebensohn, acquired the property.  The new developer re-launched construction and sales earlier this year, and in six months, more than 60% of Terra’s units have been sold.  The project recently received Fannie Mae and FHA approval. Read more