The Real Deal Miami

Pembroke Pines to vote on massive $37.5M project

April 18, 2008 04:15PM

The ambitious 164-acre Pembroke Pines City Center project meant to
house shopping, dining and lodging has had little success in attracting
developers. Now, with the city struggling to break even on the project,
the city’s commissioners are expected to vote on the $37.5 million sale
of 38 acres to a Boca Raton-based developer that is planning 750 luxury
townhomes. Despite the city’s desperate situation — if it doesn’t sell
the land, it will have to take out a $19 million loan to complete
infrastructure projects — several commissioners have expressed
disapproval of the project and the price of the sale.