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Metropica mixed-use project gets huge financial boost

The developers of the $1.5 billion Metropica mixed-use project in Sunrise secured another big financial commitment as construction moves forward.   Metropica Holdings, headed by Joseph Kavana of KGH International Development, secured a $22 million loan from BRBB LLC, a subsidiary of Aventura-based Nuverse Advisors. This will...

Developer lands $22M construction loan for shops at Metropica

Joseph Kavana closed a $22 million loan for the retail portion of Metropica, a 65-acre mixed-use community in west Broward.   Kavana’s KGH International Development will use the financing for the second phase of infrastructure work, according to a press release. A subsidiary of Aventura- and New...

On the scene at Metropica’s VIP broker event

Developers of Metropica hosted a VIP event at its sales gallery in Sunrise complete with luxury cars and cocktails.   Last week, Avison Young was tapped to lease Metropica’s 550,000 square feet of office space. The 65-acre, master-planned community will include 150,000 square feet of Class A...

Real Estate Notebook: Apartments planned for Fort Lauderdale, Delray

Avison Young to lease Metropica offices   The Avison Young brokerage says it has been hired to lease the 550,000 square feet of offices at Metropica, the $1 billion residential and commercial project being built in Sunrise.   Avison's Keith O'Donnell, Michael Fay and Donna Abood will start marketing...

Metropica Bets On This Firm To Lease 550,000 SF Of Office Space

MIAMI—The owners of Metropica, an urban high street development spanning 65-acres and more than 4 million square feet of residential, commercial, hotel, conference and public spaces, just picked Avison Young as its exclusive leasing management firm on the office side. Metropica will be home to...

Doing More To Incubate Tenants Of Tomorrow

MIAMI—In preparation for the upcoming ICSC RECon event, GlobeSt.com chatted with attendee Sandie Witmer, director of leasing for Metropica Holdings LLC, about urbanization and forecasts for the retail market. Metropica is a mixed-use project going up in Broward County, FL, that will encompass 65-acres and...

Avison Young tapped to lease office space at Metropica

Avison Young was hired to lease Metropica’s 550,000 square feet of office space, the brokerage announced on Tuesday.   The 65-acre, master-planned community will include 150,000 square feet of Class A office space on top of street-level retail, as well as a 400,000-square-foot business park.   Avison principals...

Two YOO Metropica Penthouses Break Records in West Broward

YOO Metropica recently sold two penthouses that broke records in Broward County.   A 2,056-square-foot penthouse sold for $1.146 million and a 2,448-square-foot penthouse sold for $1.365 million. Both equate to $557 a foot, which set a record in West Broward.   Trillist Companies, Inc. is developing Metropica's first...

The future of cities – The Economist

AMERICAN suburbs don’t come much more ordinary than Sunrise. In street after street, modest single-storey houses sit behind grass yards dotted with bougainvillea bushes and palm trees. Each house has a mailbox on a pole, with a little red flag to signal when it is...