Simon Plans Hotel, Apartments, Retail At Former Boca Raton Sears Site
Simon acquired the 18.6-acre Sears site last year for $23 million.
Simon acquired the 18.6-acre Sears site last year for $23 million.
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The new division is led by Director of Commercial Real Estate Shane McCain.
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Plans call for 2,874 residential units, including 200 townhomes, along with 400,000 square feet of retail, 125,000 square feet of Class A office space and a 185-room hotel.
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The 104-room hotel is located at 301 Hillsboro Technology Drive.
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The 265-room all-suite hotel is prominently positioned along University Drive in the heart of Plantation’s rapidly expanding mixed-use district.
The interest-only loan was structured as a single-asset, single-borrower CMBS transaction.
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