GALLERIA MALL IN FT. LAUDERDALE PLANNING $1 BILLION DOLLAR DEVELOPMENT
Oh yes, this is a big one! What do you do when you have a mall that has struggled over the years, and has recently faced a rodent infestation? You build a city around it so you have more people to shop there! Duh! That is exactly what is happening with the Galleria Mall in Ft. Lauderdale now. Keystone Florida Property Holding Corp, the owner of the mall, is going to spend $1 billion dollars to make it happen. They will be building seven new buildings, which will include 1,600 apartments (sounds like a mix of rentals and condos), and 150 hotel rooms. One of the buildings will be 45 stories, which will be all apartments. That would make it the tallest building in Ft. Lauderdale. All the properties will be connected by walking paths, bike lanes and trees, and will essentially be a community itself. It is currently awaiting city approval now, but that is expected to happen shortly. Construction would begin in late 2015 and would be completed in phases over a 7 year period. The only concern is the parking at this point, and they will find a way to make it happen. This is a very exciting and interesting project. I am very happy to see that they took the time to make it into a walkable community, and I think it will be very successful. Many jobs will be created and property values will soar once this is approved. Congratulations in advance to Keystone, who should clean up here. I will provide more information on the project once it is released. I am very curious to see the renderings. I am certain that they will feature the most expensive apartment in the city, the penthouse on the 45th floor of the tower. I wish them the best of luck and look forward to seeing it get built. As always thanks for reading and have a great day.
Galleria mall plans billion-dollar development
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