Southeast Centers To Manage, Lease ±174,000 SF Coral Springs Shopping Center
The shopping center was developed between 1993 and 1998 and is anchored by Whole Foods and Home Depot, and shadow-anchored by Sam’s Club.
The shopping center was developed between 1993 and 1998 and is anchored by Whole Foods and Home Depot, and shadow-anchored by Sam’s Club.
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The properties total over 1.3 million square feet.
The 8-story development is set for completion in early 2028.
The transaction provides MG Developer with additional flexibility to advance future development plans on the property’s excess land.
The 13-story development will include 83 residences between the Atlantic Ocean and the Intracoastal Waterway, with homes starting at $2.5 million.
The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
The project, which is expected to deliver in the fourth quarter of 2026, will offer approximately 485,000 square feet of Class A industrial space across three buildings.
The 117-unit community is a rarity for any new development in or around Coral Gables, with most residences priced under $1 million.
The two buildings total 157,510 square feet and are 87.6% leased.
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