Metropica Development Completes 28-Story Residential Tower, First Phase of $1.5B Mixed-Use Project in South Florida
SUNRISE, FLA. — Metropica Development LLC, led by Joseph Kavana of K Group Holdings, has completed the first residential tower within Metropica, a $1.5 billion mixed-use project in the South Florida city of Sunrise. The 28-story ONE Metropica Residences comprises 263 condominiums.
The City of Sunrise recently issued Metropica Development LLC a temporary certificate of occupancy (TCO) so that move-ins can begin. Metropica is situated adjacent to Simon’s Sawgrass Mills Mall and in close proximity to Interstates 75, 95 and 595, as well as the Florida Turnpike.
As of this writing, 75 percent of the units at ONE Metropica Residences have been purchased by buyers hailing from the United States, Latin America, Europe and Asia.
The condos range in size from 961 to 2,022 square feet, and the property’s remaining units are priced ranging from the $400,000s to the $700,000s. Buyers of the move-in-ready units can close on their purchase either in-person or virtually.
“We are extremely proud to be delivering our first residential building to the market,” says Bernard Werner, president of Metropica Development LLC.
Designed by architectural firms Oppenheim Architecture + Design and YOO Design Group, condominiums at ONE Metropica Residences include floor-to-ceiling glass windows, porcelain tile, smart home technologies and designer plumbing fixtures by Hansgrohe.
Community amenities include a landscaped terrace and pool; clubroom with a bar, lounge and screening room; children’s playroom; upscale fitness center with locker rooms and showers; and 24-hour concierge services. The property also features a public art installation by artist Stefan Szczesny.
When complete, the 65-acre Metropica development is expected to span approximately 4 million square feet and consist of residential condominiums, apartments, boutique hotels, 650,000 square feet of office space and green spaces. Metropica’s retail offerings will include shops, restaurants and entertainment venues.
Sandie Witmer, who handles retail leasing for Metropica, says that the pandemic is causing the development team to shift its strategy for the property’s retail component.
“Our proposed retail tenants are adapting to new the post-pandemic landscape, and Metropica plans to adjust it’s retail development plans accordingly,” says Witmer. “We will make our new plans for the development of the mixed-use site available when they are ready.”
— John Nelson