Dec 08 2016

Metropica launches next phase of residential sales

The Metropica mixed-use project in Sunrise launched sales of its lofts to mark the latest step in the $1.5 billion project.

KGH International Development previously started selling the 263 condos in YOO at Metropica and they are more than 50 percent pre-sold, according to the developer. The tower is already under construction.

Now it’s ready to sell the 11 lofts that will be in a six-story building connected to the YOO at Metropica. The lofts will range from one bedroom and 920 square feet to two bedrooms and 1,582 square feet, with prices from $397,500 to $660,000. The developer has required 50 percent deposits, with 20 percent at signing, another 20 percent after 60 days, another 10 percent at top off, and the balance at closing.

The lofts will share the same amenities as the condos in YOO, including a pool, a fitness center, massage rooms, a steam room, a sauna, tennis courts, and more.
Architect Chad Oppenheim designed the lofts.

The master plan for the 65-acre Metropica near the Sawgrass Mills mall totals over 4 million square feet. That includes 2,250 residential units, a hotel, 485,000 square feet of retail, 650,000 square feet of office, a park, and a beach club.

Among the announced tenants for the property are upscale movie theater iPic, Shake Shack, Brazilian steakhouse Fogo de Chão, Kona Grill, Salsa Fiesta, Pisco y Nasca, Oil and Vinegar, Anthropologie, Free People and Kings Bowl.

The developer is also seeking to raise funds with the EB-5 visa program.

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