THE SUN RISES ON METROPICA
One of the largest mixed-use communities in the U. S. started small. Only a few hundred vehicles a day passed by the intersection of West Sunrise Boulevard and NW 136th Avenue.
“The number of cars at the corner of [this intersection] when I first started was less than 500. Now, it’s 75,000 a day,” Joseph Kavana, Founder and CEO of K Group Holdings Inc., tells GlobeSt.com.
“Not that I could wave a magic wand but I could see the US migration to Florida and the population growing not just in organic growth but people and companies moving here, and I just felt there was a lot of potential,” he adds.
Construction is well on its way with completion of the first of eight residential towers within sight this year.
The $1.5 billion Metropica development in western Broward County near the Sawgrass Mills outlet mall will include a lot of large numbers:
- At completion, it will encompass about 4 million square feet.
- There will be more than 2,250 residential units.
- 485,000 square feet of retail.
- 650,000 square feet of Class A office spaces.
- Also boutique luxury hotels and a variety of public and arts dedicated spaces,
Combination of best urban-suburban mix
It seems that most mixed use projects these days are 24-hour or live-work-play. But Kavana makes the case that this one is a genuine combination of the best in urban-suburban features.
“I don’t think there’s anything like this in Florida, not with these types of amenities. And with the land we have here, you can literally live right here and when you cross the street there are all these things for retail, restaurants and offices,” he says.
Each of the eight residential towers has its own set of amenities but residents also have access to the development’s overall options as well.
“The first tower, Yoo Residences at Metropica, has a fantastic children’s playroom and a movie theatre and all sorts of amenities that even include a
unit where residents can put guests,” he says. Other towers have tennis or water-oriented or other amenities.
A key to the entire development was the accumulation of its 65 acres that took a few years to gather. The size of it lends itself to the complete array of options found there, Kavana says.
The residential component of the development is exclusively being sold by ONE Sotheby’s International Realty, which is currently selling units at the first of the eight residential towers.