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Real Estate

Miramar Related

Cashflow In Miami
January 31, 2021

1 Main St , Miramar, FL

Intersection of Miramar parkway and Red road, Miramar

Related will build up remaining lot in Miramar Town Center and Konover just held groundbreaking ceremony for Miramar Park Place!

Miami-based Related hired Stantec to handle architectural and engineering for the eight-story, 393-unit project. Manor Miramar, at 1 Main Street, will include 28,000 square feet of ground-floor retail space and a 650-space parking garage.

The apartments will include studios, one-, two- and three-bedroom units ranging from 420 square feet to 1,600 square feet. A handful of the three-bedroom units will have two stories with private terraces.

Construction is expected to begin in the fourth quarter of this year, with the first units being delivered beginning 18 months after that, a spokesperson for Related said. The Mediterranean-style project will include a pool, bowling alley, game room, fitness center, spa, dining areas, and stores. The property will also feature a landscaped plaza with pathways and benches.

Related’s 4-acre piece of land is the last undeveloped site within the 54-acre area.  

Miami-based City National Bank of Florida awarded a $20.39 million construction loan to Miramar Park Place Associates, a joint venture between Deerfield Beach-based Konover South and Dania Beach-based Master Development Partners. It covers the 7-acre site at the northwest corner of Red Road and Miramar Parkway.  

Space will be ready for tenants summer 2021 . It will total about 56,600 square feet.

So far, tenants who have signed up for Miramar Park Place include Starbucks, Flanigan’s restaurant and liquor store, Pediatric Associates, World of Beer, Jersey Mike’s, Robeks Fresh Juices & Smoothies, Dec Dental, and Noire the Nail Bar. The developers acquired the property for $6 million in 2019. The general contractor is R.A. Rodgers Construction Co.

Right next door Boca Raton-based Altman Cos. paid $35 million for 30 acres. It plans to build 650 apartments under its Altis brand. The project will include a clubhouse, a fitness center, a yoga studio, a dog park, a pool, a co-working center, and a public park. The construction has been on for a while on site for the apartment buildings.


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