The 39.8-acre office, retail and residential project is being built on a seven-year construction track at a hard construction cost of $285 per sf, according to a prepared statement from Codina Group.
Metropica will have 363 apartments, 500,000 sf of office and 62,000 sf of retail and restaurant space. A subsidiary of K-Group owns 25 acres next to the Metropica project.
Preliminary plans for the additional acreage include more office, retail and residential buildings as well as a new city hall for Sunrise.
Joseph Kavana, chairman and CEO of K-Group, says in a prepared statement, "We envision a downtown destination for people who want to live and work in Sunrise. Our goal is to create a first-class development that will attract people to the city and bring economic benefits to the area."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
