Prensa Archives | Metropica

Metropica receives $65M in funding for its first condo tower

The developer of the $1.5 billion Metropica project in Sunrise obtained a construction loan for its first condo tower. Toronto-based Romspen Mortgage provided a $64.5 million loan to Metropica Residential, headed by KHG International Development CEO Joseph Kavana. Site work on the 263-unit YOO at...

Neighborhood Dive: Sunrise gets its day in the sun

UPDATED March 7, 10:45 a.m.: Incorporated in 1961, Sunrise started off as a golfing community for retired snowbirds developed by an Iowa-born builder named Norman Johnson. He paid $9 million for 2,650 acres in the western fringes of Broward County. Today, Sunrise has evolved into a...

Joseph Kavana and Metropica Honored with Mixed Use Development Award.

The ceremony and awards luncheon for the International Property Awards took place on Dec. 11 at the Savoy Hotel, where Metropica Holdings, LLC. won an award in the Mixed-use Development category for its 65-acre, mixed-use project in Sunrise, Florida. The International Property Awards celebrate the...

Sunrise mixed-use project wins international award

Sunrise-based Metropica Holdings LLC, developer of the eponymous 65-acre master planned development in Sunrise, has received an award at the International Property Awards in London for its Metropica project. The International Property Awards, held on Dec. 11, recognize achievement by companies operating in all sectors of...

Tutor Perini is building Metropica’s first condo

The developer of the master-planned, 65-acre Metropica development in Sunrise hired Tutor Perini Building Corp. as general contractor for construction of the development’s first residential building. Vertical construction of the 28-story, 263-unit residential building already is under way. Tutor Perini started putting up the building after...

Metropica condo gets general contractor

Tutor Perini Building Corp. has been hired as the general contractor for the first condominium tower at the Metropica development in Sunrise. The 28-story YOO at Metropica will have 263 units priced from $397,000 to $1.3 million. Site work began last year, and construction of the...

Developer puts 6 Metropica lofts on the market

The developer of the Metropica master-planned community in Sunrise has launched pre-construction sales of six loft-style condos with prices starting just under $400,000. The six lofts will be among 263 units at Metropica’s first high-rise condominium, called YOO. The lofts have floor plans with one or two...

Metropica lofts start at $397,500

The developer of Metropica in Sunrise is offering six loft condominiums starting at $397,500. The two-story units have one- and two-bedroom floor plans and start at 916 square feet. The lofts offer direct access to Metropica’s Central Park. The lofts will be in Metropica’s first condo building,...

EB-5 visa program gets another lifeline until end of April

Congress extended the EB-5 program until April 28, marking yet another short-term renewal of the controversial visa program. The program, which grants foreign investors green cards after they invest at least $500,000 in job-producing ventures, was set to expire on Friday. EB-5 was included in the...

Metropica launches next phase of residential sales

The Metropica mixed-use project in Sunrise launched sales of its lofts to mark the latest step in the $1.5 billion project. KGH International Development previously started selling the 263 condos in YOO at Metropica and they are more than 50 percent pre-sold, according to the developer....