The Real Deal Miami

Financing set for Gulfstream Park

March 04, 2009 10:47AM

The developers of the Village at Gulfstream Park, a 490,000-square-foot, high-end retail, office and entertainment project, have secured tax-increment financing from the city of Hallandale Beach for 15 years. Future tax revenues will help finance the project, whose first phase will cost anywhere from $240 to $250 million. It’s also being financed by bonds, a private bank and the equity of the development partnership, says Brian Ratner, president of East Coast development for Forest City Enterprises. Magna Entertainment Corp. is the other partner in the project.