Terranova Corporation is one of the largest and privately-held commercial real estate development and management companies in the Southeastern United States, with over $2 billion of projects currently under development located primarily in South Florida, Georgia and North Carolina. The company is headquartered in Coral Gables, Florida (Miami).
The company has recently expanded its business to include fee-managed real estate investments in addition to its core development business. The company was founded in 1978 by Sol D. Terranova. Headquarters are located in Coral Gables, FL, with regional offices in Atlanta, Georgia; Charlotte, North Carolina; and Miami Beach, Florida.
Stephen Bittel is the founder and CEO of Terranova Corporation. Terranova has developed over 20 million square feet in South Florida, Georgia and North Carolina. Stephen received his BA in economics from the University of South Florida. He then attended law school at St. Thomas University, where he graduated cum laude with a Juris Doctor degree. Stephen worked as an attorney for five years before joining Terranova Corporation, founded by his father Sol D. Terranova in 1978.
The board consists of Stephen Bittel, Sol D. Terranova, Vance Smith and Steve Hegedus.
Terranova Corporation is a privately held commercial real estate development and management company specializing in mixed-use, retail and office projects in South Florida.
In September 2016, Terranova announced the purchase of 3.5 acres for a new Whole Foods Market grocery store located at University Town Center in Sarasota County. In August 2016, Terranova unveiled plans to build a 9-story office tower and parking garage on Flagler Drive in downtown West Palm Beach as part of its City Place development.
Terranova was selected in May 2016 by New York City FC to construct the team’s 25,000 seat soccer stadium at Belmont Park Arena located on Long Island in Elmont, New York. The project is expected to cost $350 million and will be completed in 2021.
Stephen Bittel‘s Terranova model of investing has been a great way to get involved in crypto currencies. The model works by investing in a small number of quality projects and holding long term, thus gaining from the growth in value over time rather than trying to trade short term.