july2017

122 123 Land Institute (ULI) to conduct a study aimed at developing the property to take advantage of the existing significant attractive assets in Sunrise. Broward County is very interested in developing that area with mixed-use type of development– resorts, hotels, residential, office, and other enter- tainment options–things that are complimentary to the other developments in the area. “According to the ULI study, this particular prop- erty is well-positioned to become the western, downtown core for Broward County,” said Salam- on.“The County intends to develop that site over the next 10 to 20 years, and to work with the City, Sawgrass Mills, and other major stakeholders in that area, to become DowntownWest Broward. They want to re-brand the entire area as the bookend to Fort Lauderdale.” Any discussion of continued investment in Sunrise must include Metropica, perhaps the most exciting and densely-developed project in Broward County history west of Interstate 95. It will feature some of the tallest structures in the western skyline, soaring some 25+ stories high. “It’s a 50-acre site that is programmed for ap- proximately $1.5 billion worth of development,” says Salamon.“They’re building approximately 20 acres of commercial retail space that will include a fantastic array of restaurants and entertainment venues, shops, a hotel, luxury apartments, and some office over retail.The next 20 acres or so is SUNRISE, FLORIDA slated for condominium/residential development. The developer has broken ground on their first 28-story condominium tower.The adjacent 10 acres of this property is going to be a ClassAoffice park. This will be a veryhigh density,urban development. It’s adjacent to the SawgrassMills propertyand direct- lyacross from the BB&TCenter within the Sawgrass Business and Entertainment District.” “We have another project calledWesterra that is owned byone of the preeminent South Florida de- velopers,the Stiles Corporation,”Salamon continues. “They’re getting ready to get under way.Westerra is a 32-acre parcel and the entitlements include about $500millionworth of mixed-use development.These developments collectivelyalign perfectlywith the live, workand playphilosophyof our synergistic strategies.” ”We also have the 550-acre Sunrise Commerce Center, a light industrial park just a fewmiles north