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K-Group and Codina Plan $160M Mixed-Use Venture Next to Sawgrass Mall

MIAMI-Construction on the 562,000-sf Metropica project, being built on 39.8 acres at a hard construction cost of $285 per sf, is scheduled to start in December on several structures that will house office, retail and residential in Sunrise, FL, 20 miles north of Downtown Miami.

By Aurin Squire | Updated on August 15, 2002

MIAMI -Miami-based K-Group Holdings Development and Codina Group Inc. of Coral Gables, FL, plan to break ground in December on Metropica, a 562,000 sf, $160 million mixed-use venture adjacent to the 2.2 million-sf Sawgrass Mills Mall in Sunrise, FL.

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.

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