Trending Multifamily News
Establishment of the MCDD facilitates access of up to $65 million in infrastructure improvements and related services
SUNRISE, FL – Metropica announced that The City of Sunrise City Commission, at a recent meeting, passed and adopted to establish the Metropica Community Development District (MCDD).
The approval will permit the MCDD to obtain through the issuance of bond financing the funds to deliver community development services and facilities to the approximately 50-acres included in the geographic boundaries served by the MCDD.
The facilities will be comprised of infrastructure improvements and services of up to $65 million, including stormwater systems, underground utilities, roadway improvements, lighting, landscaping and such other improvements contained within the civil engineering design of the boundaries of the MCDD.
Metropica, located at 1800 NW 136th Avenue, Sunrise, Florida, is one of the largest remaining contiguous mixed-use development sites in South Florida.
ONE Metropica Residences, design by YOO, the development’s initial offering, a 28-story, 263-unit highly amenitized luxury condominium, is chiefly sold-out, with some remaining units available from $550,000 to $1.5 million.
When completed, the $2 billion mixed-use community will have up to 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
Sharing an access point with Sawgrass Mills, and within minutes of the Sawgrass Expressway, Metropica is one of the nation’s most desirable development opportunities.
“The development of the Metropica Community Development District, allowing up to $65 million in bond financing for infrastructure development, is a major step forward in the process of bringing the whole of Metropica to life,” said Joseph Kavana, CEO of Metropica Development, LLC. “We applaud the City of Sunrise Commission for their visionary commitment to the City as a whole, and to the dream of developing one of the nation’s most compelling mixed-use communities. When finalized, Metropica will literally be a city-within-a-city, and access to bond financing to further the development process is an unprecedented step.”
Avison Young’s Florida Capital Markets Group and Karson & Co have been tapped to structure a joint-venture equity partnership for Metropica.
For additional information about Metropica, visit https://livemetropica.com/.
Reiner will oversee sales efforts on behalf of ON Collaborative at transformative
South Florida mixed-use development
SUNRISE, FL – ON Collaborative, by Coldwell Banker Real Estate Services, a full-service national development marketing and sales firm, has named Reiner Perez Director of Sales for YOO Residences at Metropica, the first residential offering within the $1.5 billion, 65-acre master planned Metropica, for which ON Collaborative has assumed the lead on the marketing and sales.
Perez, who will be leading the sales team at YOO Residences at Metropica, is recognized as a leader in the South Florida luxury real estate market for more than 20 years. He is known for his creative on-site and off-site marketing, selling residences to both local and international buyers.
He has an expansive clientele base, with broker networks throughout the world. In conjunction with offshore brokers, Perez has achieved sales of over 800 million dollars in 10-year period and established an international presence in Latin America and Europe.
Located in Western Broward County Florida, and slated for completion in June 2019, the 28-story YOO Residences at Metropica features 263 well-appointed residences ranging in size from 740 to 1,379 square feet, and is priced from the $400’s.
The visionary new development, designed by globally acclaimed architect Chad Oppenheim, with interior design by YOO Design Group out of London, combines contemporary architecture with inspiring interior design and premium finishes.
The Fran and O.J. McDuffie team of Compass’ Sports and Entertainment division will present Metropica to its high profile clientele in new partnership
Metropica, one of the nation’s largest under-construction mixed-use communities, celebrated the announcement of their partnership with former Miami Dolphins wide receiver from 1993 to 2001, turned real estate professional, O.J. McDuffie and his realty team during a reception recently held at its sales gallery. The Fran and O.J. McDuffie team, comprised of Fran and O.J. McDuffie from Compass’ Sports and Entertainment division, will be new ambassadors for the immense development, spanning approximately 4 million square feet.
During the reception, Joseph Kavana, CEO of Metropica Development LLC and his team, welcomed more than 60 guests, including members of the real estate community and the Mayor of Sunrise Mike Ryan, to Metropica’s sales gallery, where they enjoyed cocktails and hors d’oeuvres and learned about the new partnership with the McDuffie team.
“It is a great pleasure to be a part of this new definitive project that will be redefining Sunrise, and will truly impact our community for generations to come,” said O.J. McDuffie. “We truly value our clients and our mission is to fully support them throughout their home buying journey and we look forward to introducing them to Metropica as one of the best options in the market.”
Based in South Florida, the McDuffie team of luxury real estate advisors has more than 16 years of experience advocating for their clients in search of their new homes, including numerous professional athletes. The teams’ personal approach, plethora of collective experience and knowledge of the area, professionalism and dedication to their clients has established them as one of the most trusted real estate teams in South Florida. Active in the community, the team has earned multiple accolades and directs a foundation supporting underprivileged children in South Florida and oversees an annual toy drive that collects more than 5,000 donations annually for local schools.
“We’re delighted to name O.J. McDuffie and his team as our new ambassadors,” said Joseph Kavana, CEO of Metropica Development LLC. “The McDuffie team’s experience and genuine passion for serving their clients is the perfect addition to represent what Metropica stands for throughout the community.”
Christina Hedrick- Jones, Sales Advisor at One Sotheby's International Realty, will be the in-house agent managing the McDuffie team ambassador.
Metropica’s first residential tower, Metropica One, is slated for completion in early 2019. Located at 1800 NW 136th Avenue in Sunrise, the sustainably-designed 65-acre, $1.5B development will consist of 2,250 residential condominiums, as well as apartments, prime retail and dining experiences, a boutique hotel, a Central Park, and 650,000 square feet of contemporary, class A office space.
The residential component of the development is exclusively being sold by ONE Sotheby’s International Realty. For further information visit www.livemetropica.com or contact the sales office at 954.320.7132.
SUNRISE, FL– The Young Professionals Network - Realtors of the Palm Beaches & Greater Fort Lauderdale recently hosted its “Get Current” event at Metropica, the highly-anticipated, $1.5 billion, 65-acre community in Sunrise. Welcomed by Natalia Nuñez del Prado, Director of Sales for Metropica One, and Mayor Michael Ryan, Mayor of the City of Sunrise, numerous real estate professionals were in attendance. Guest enjoyed networking and an opportunity to learn about the rich lifestyle and exciting amenities of this transformative new urban high-street project. Offering a complete lifestyle and sense of place for the city’s residents and visitors, Metropica will complete the first of its eight residential towers and welcome its first residents to the community this December.
Located at 1800 NW 136th Avenue in Sunrise the project, being developed by Metropica Development LLC, will become a world-class destination and regional epicenter for Broward County with 2,250 residential units; expansive green spaces including a central park; up to 320,000 square feet of prime retail spaces offering a diverse array of shopping and dining experiences; 650,000 square feet of contemporary, Class-A office space; public spaces dedicated to the arts and boutique luxury hotels offering convenient services and exclusive amenities. An impressive lineup of retail, dining and entertainment concepts will also call Metropica home including Ipic Theaters, Urban Outfitters, Anthropologie, the celebrity-founded Dance With Me dance studio, City Works Eatery & Pour House, Genuine Pizza (formerly Harry’s Pizzeria), Sugarboo & Co., Cru Wine Bar, and Kendra Scott Jewelry.
For additional information, visit www.livemetropica.com.
SUNRISE, FL– The Young Professionals Network - Realtors of the Palm Beaches & Greater Fort Lauderdale recently hosted its “Get Current” event at Metropica, the highly-anticipated, $1.5 billion, 65-acre community in Sunrise. Welcomed by Natalia Nuñez del Prado, Director of Sales for Metropica One, and Mayor Michael Ryan, Mayor of the City of Sunrise, numerous real estate professionals were in attendance. Guest enjoyed networking and an opportunity to learn about the rich lifestyle and exciting amenities of this transformative new urban high-street project. Offering a complete lifestyle and sense of place for the city’s residents and visitors, Metropica will complete the first of its eight residential towers and welcome its first residents to the community this December.
Located at 1800 NW 136th Avenue in Sunrise the project, being developed by Metropica Development LLC, will become a world-class destination and regional epicenter for Broward County with 2,250 residential units; expansive green spaces including a central park; up to 320,000 square feet of prime retail spaces offering a diverse array of shopping and dining experiences; 650,000 square feet of contemporary, Class-A office space; public spaces dedicated to the arts and boutique luxury hotels offering convenient services and exclusive amenities. An impressive lineup of retail, dining and entertainment concepts will also call Metropica home including Ipic Theaters, Urban Outfitters, Anthropologie, the celebrity-founded Dance With Me dance studio, City Works Eatery & Pour House, Genuine Pizza (formerly Harry’s Pizzeria), Sugarboo & Co., Cru Wine Bar, and Kendra Scott Jewelry.
For additional information, visit www.livemetropica.com.
