Metropica Completes First of Two Planned Infrastructure Phases Totaling More than $50 Million
Metropica, one of the nation’s largest under-construction mixed-use communities, today announced that it had completed the first of two planned infrastructure phases totaling more than $50 million, readying the iconic, master-planned community for its multiple phases of construction.
The multi-million infrastructure package is chiefly underground and unseen, focusing on next-generation utilities, drainage systems and technologies that allow for the engineering of sustainable development. The infrastructure work was managed by John Moriarty & Associates.
Conclusion of this phase of infrastructure also marks Metropica’s first two named streets, Metropica Blvd. and Metropica Way, which will be key arteries as the project evolves.
The 65-acre, $1.5 billion urban high street development, located at 1800 NW 136th Avenue in Sunrise, FL, will ultimately encompass approximately 4 million square feet, consisting of residential condominiums, apartments, a boutique hotel, commercial office space and a broad range of retail and entertainment offerings.
“We recognize that we are effectively building a city,” says Joseph Kavana, CEO of Metropica Development LLC, developers of Metropica. “You cannot see it, but in essence this is one of South Florida’s largest mixed-use projects. The new technology being deployed allows for a more efficient construction process throughout our various phases. There will ultimately be some 12,000 people living and working within Metropica and we need to ensure that the infrastructure is singularly efficient and reliable.”
Metropica’s initial tower, a 28-story, 263-unit residential condominium, which is now 60% sold, will be topped off in the first quarter of 2018. Priced from the $400’s, the building is scheduled for completion in the fourth quarter of next year.
The first quarter of next year will also mark the beginning of construction of Metropica’s retail phase, totaling approximately 280,000 square feet. Interest in the walkable downtown community has been strong, with a broad range of retailers already preparing for the openings in the fourth quarter of 2019.
To-date, the list of signed retailers include; Fogo de Chao, City Works Eatery & Pour House, Harry’s Pizzeria, Sugarboo & Co., Anthropologie, and Free People.
Destined to become West Broward’s true downtown, when completed, Metropica will meld the area’s natural beauty with forward-thinking designs and a vast array of amenities.
“While South Florida has experienced a great resurgence in urban city-centers, Metropica is a first-of-its-kind in the region,” adds Kavana. “Those looking for the best of two worlds – an extraordinary urban environment within a suburban setting – have found their home in Metropica.”