Cornerstone Downtown Coral Springs coming. $168 Million Development in the works!
The 7.09-acre site currently awaits fresh and contemporary shops, apartments, restaurants, and, more tentatively, a hotel.
Predesco’s affiliate La Boca Partners has since filed plans for 209,279 square feet of offices on the Cornerstone site, which joins the original plan for 352 apartments, and approximately 85,000 square feet of restaurants and commercial space.
Predesco confirmed they are working with Mill Creek Residential to develop the apartments and, tentatively, a hotel on the Cornerstone property with 80 to 138 rooms.
The company said each of these residential and commercial buildings would be up to six stories tall.
Tom Prakas at Prakas & Company will be the one to broker restaurant leases, with adequate parking at Cornerstone also in the works.
Plans from the developer showed close to 1,500 parking spaces, with most of these located in two separate parking garages.
Cornerstone will occupy what is considered the heart of downtown Coral Springs, at the southwest intersection of University Drive and Sample Road.
Coral Springs could sell its former city hall site to Amera Properties to set up a mixed-use development in the city’s new downtown district.
Amera Downtown Development Co., led by veteran developer George Rahael is seeking to purchase 4 acres from the city and start the development of about 300 to 350 residential units, office and retail/restaurants.
Amera owns most of the neighboring shopping center at 9301 W. Sample Road, and it has the rest of the property under contract. When combined with the former city hall site, the developer would have about 12 acres to develop, on the north side of Sample Road, from University Drive to Coral Hills Drive.
The project would be called Village Square.
Under the proposed timeline in the letter of understanding, Amera would make it preliminary design submittal to the city in February 2021 and the plans could be approved by June. The developer agreed to purchase the former City Hall site for $4.6 million, which is in the middle of values determined by two recent appraisals. In addition, the city would contribute up to $600,000 in public benefits for the project, such as water and sewer infrastructure.
Coral Springs created a downtown zoning district to encourage mixed-use development.
Yotelpad topped off , sold out and soon to be delivered!The project broke ground in January 2019, and a foundation pour took place in August 2019.Read more
Miami-based FECI obtained Federal Aviation Administration approval to build One Miami Central 1,120 feet above ground level, which would have made it the tallest building in the state, if the plans were not revised:(Read more
Aventura-based Immocorp Ventures signed a term sheet with the city’s Community Redevelopment Agency (CRA) in 2019 for the 3.32-acre property at 2400 Broadway in the Northwood Village neighborhood, just north of downtown. That ground lease was approved in September 2020, but the developer still needed to finalize its site plan before moving forward.Read more
Sold for nearly $109,6 million by German entrepreneur and philanthropist Dr. Ernst Langner 15,954-square-foot mansion marks second most expensive highest sale to close on the island recently!The 2.7-acre property last sold in 2012 for $23.5 million. Langner demolisheRead more