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Pembroke Pines, FL's Terra is 70% leased

 

Pembroke Pines will soon join the growing list of South Florida suburbs with an urban destination at their heart. Terra, one of the region’s most active residential and commercial development firms, has announced a string of completed leases signed at phase one of Pines City Center, a 47-acre mixed-use development that will bring retail, entertainment and residential uses to the City of Pembroke Pines.

 

Now 70% pre-leased with a tenant roster that includes Publix, Carl’s Patio, Cooper’s Hawk, BurgerFi, Smoothie King, PizzaRev, Bento Café and The Halal Guys, demand for retail space at Pines City Center points to the community’s rising population and plans for continued residential and commercial growth.

 

Located in Broward County at the southwest corner of Pines Boulevard and Palm Avenue, Pines City Center will comprise 300,000 total square feet of lifestyle-oriented retail, entertainment and restaurant space alongside residential apartments.

 

The project will come alive in two phases, with phase one composed of 200,000 square feet of Publix-anchored retail space and phase two composed of 100,000 square feet of commercial space and 385 apartments. Construction of the project’s first phase of retail is now underway, with completion scheduled for late 2018.

 

“The vast majority of residential product in Broward County is located in the suburbs, and the increasing population and rising income levels in Pembroke Pines are driving retail demand and expansion,” said David Martin, president and co-founder of Terra. “Our mission at Terra has always been to develop projects that improve communities, and we’re doing just that with Pines City Center by meeting growing retail demand with a development that caters to residents’ everyday needs.”

 

With nearly 400,000 people living within a five mile radius of the site and 1,500 residential units within walking distance, Pines City Center is generating strong interest among national and regional retailers. The project’s master plan calls for a grocery store and movie theater alongside junior anchors and free-standing restaurants. Next door, the City of Pembroke Pines is building a $60 million civic center complete with a 3,500-seat performing arts center and conference hall, an outdoor plaza, a 10,000-square-foot art gallery and a new city hall.

 

Rod Castan, president of leasing and management for Courtelis Company, is overseeing leasing for the center. “We are thrilled at the market’s response to City Center, and we’re pleased to be able to have several high quality retailers and restaurants that are new to the market join phase one,” said Rod Castan. “Retailers are attracted to the combination of civic, entertainment, commercial and residential uses in a walkable setting that draws visitors from both the immediate neighborhood and across South Florida.”

 

Pines City Center is one of three projects Terra currently has underway in Broward County. Nearby, the firm is planning another mixed-use lifestyle retail development also in Pembroke Pines, called 16000 Pines Market; and is developing a 121-acre master-planned residential community in Weston called Botaniko, which features 125 contemporary-style homes designed by architects Chad Oppenheim and Roney J. Mateu.

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