Search
 

$160M Phase I of 65-Acre Project Set to Break Ground

SUNRISE, FL-A joint-venture partnership is developing the 26-acre project, which will include 500,000 sf of office space, 363 multifamily residences and a restaurant village. All phases of the project combined will total 65 acres.

By Melissa Bogdany | Updated on January 22, 2004

SUNRISE, FL-The conceptual plan for the $160-million-plus first phase of the planned 65-acre, mixed-use development Metropica has received approval from the City of Sunrise and the project is set to break ground this spring. The project is being developed by JV Developers, a partnership of K-Group Holdings of Miami, and Codina Group, based in Coral Gables, FL.

Metropica is designed to create a walkable city center and skyline for suburban Broward County. Phase one, to cover 26 acres, will consist of 500,000 sf of class A office space in four six- and seven-story buildings, 363 multifamily homes in two eight-story towers and a restaurant village. The project also will include a central urban park and grand pedestrian piazza with fountains. The restaurant village is planned for five freestanding restaurants. Overall, it offers 60,500 sf of space, including retail pavilions and two more restaurants located inside two Metropica office buildings.

The first phase will set the stage for more office, related retail and residential development, according to Forrest Robinson, president of Codina Development Corp.”In the Sawgrass area, the city has worked to create a high-quality urban setting with lasting value,” Sunrise city manager Patrick Salerno says in a statement. “Metropica exemplifies these efforts.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.