May 14 2014

Metropica development agreement passes sunrise city commission meeting unanimously

May 14, 2014

Metropica Holdings, LLC received a unanimous vote of confidence from the City of Sunrise Commission for the proposed Metropica mixed use development, passing with a 5-0 vote during a City Commission meeting held on May 13, 2014. The development agreement lays out proposed design guidelines for phases I and II of Metropica, allowing for the development of 1,250 high rise residential units, 485,000 square feet of commercial and 150,000 square feet of office space on 28 acres of the property.

“We are excited that Sunrise continues to be a magnet for innovative, trend-setting and sustainable development,” said City of Sunrise Mayor Michael J. Ryan. “We are also enthusiastic to collaborate on a project which has the potential to alter how we view urban-style development for decades to come.”

During a presentation to the Commission, Erick Collazo, Vice President of Development for Metropica Holdings, LLC, outlined the following facets of the Metropica development program:

Current property entitlements granted under Metropica’s 2009 approval as a Development of Regional Impact (DRI) and designation as a Transportation Oriented Development (TOD).
Approximately $5 million in transportation infrastructure improvements such as the implementation of a regional transit hub, traffic studies, monetary contributions to county signal improvements, a shuttle system, median improvements and a comprehensive Transportation Demand Management Plan (TDM).
Environmental protection measures such as the employment of biologists, arborists and archeologists to ensure no protected species or historic sites exist on property, the removal of invasive species, a tree relocation plan and allocation of a public park encompassing two acres of Cypress tree clusters.
Master Plan infrastructure designs that address water, sewage, storm and power utilities on the property and surrounding areas.

Metropica Holdings, LLC also received a unanimous vote in favor of the project during the preceding Land Planning Agency meeting. A resolution of the City of Sunrise approving a Cost Recovery Agreement between the Metropica Improvement District, the City of Sunrise and Metropica Holdings, LLC, whereby the developer guarantees to reimburse the city for any future infrastructure expenditures, was also passed unanimously in a separate meeting.

“We are going to support you to do what you need to do to get this built – a billion dollar project in this city,” Commissioner Joseph A. Scuotto said of Metropica during the meeting. “The burden is on us to make sure this comes to fruition.”

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