Friday, August 29, 2014

FINLLY THE TIME IS RIGHT FOR THE METROPICA PROJECT IN SUNRISE


FINLLY THE TIME IS RIGHT FOR THE METROPICA PROJECT IN SUNRISE

We have been waiting for this one for a long time, over 10 years in fact. This is the mixed use project that is to be built in Sunrise just West of the Sawgrass Mills Mall at the northwest corner of 136thAvenue and Sunrise Blvd. It will have 1,250 condos and apartments, 485,000 square feet of retail space and 150,000 square feet of office space. And that is just in the first 2 phases! There is no detail on the development in later stages of the project. It is a 65 acre site, so I am sure that there is room for more building if this is successful. And that is in question given the proposed pricing of the residential units: from $300,000 to $1,000,000. The argument is who is going to spend that kind of money to live next to the Sawgrass Mills Mall when they could be by the water? We will see. But this Metropica is really the ultimate mixed use community and I really hope it works out. Residents have all of their shopping needs, have access to office and parks, all within walking distance. Yet it is not an urban setting and without all the problems that come with that like crime, traffic, pollution, etc. The project is being built by the original owner, Joseph Kavana, who is partnering with Scott Leventhal. Their company name is The Thrillist Cos. It sounds like they are considering a different name for the project, and other minor details are still being worked out. But finally it looks like this exciting mixed use project will be built, a little mini city next to a mall. I wish them the best with the project and know an excellent real estate broker who can help them with the retail and office space there! As always thanks for reading and have a great day.

Metropica condo sales expected to start this year

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