The Real Deal Miami

Terra unveils plan for 47-acre Pembroke commercial project

Related Group and Mill Creek are building apartments nearby
January 27, 2016 03:45PM

Terra Group President David Martin and the firm's Pembroke Pines City Center project

Terra Group President David Martin and the firm’s Pembroke Pines City Center project

Miami’s Terra Group has released details for its Pembroke Pines City Center commercial project, which promises to bring lifestyle-oriented retail spaces and residences to the Broward city.

The development firm plans to build 300,000 square feet of retail, entertainment and restaurant space at the southwest corner of Pines Boulevard and Palm Avenue. Also included in the project will be 450 apartments, according to a news release from Terra.

Its first phase would deliver an initial 200,000 square feet of retail space anchored by a grocery store. Phase two would have the apartments and remaining 100,000 square feet of commercial space.

Other planned tenants include a large movie theater, plus free-standing restaurants. Leasing will be handled by the Courtelis Company of Miami.

Terra expects to begin construction in the second quarter of this year. The developer recently entered into a contract to buy a nearby post office from the city for $23.5 million. There, Terra plans to build more commercial space and single-family homes.

Broward County records show much of the acreage where Terra is planning Pembroke Pines City Center is owned by a land trust with SunTrust as its trustee. Along with Terra’s contribution, the City Center project will have apartments built separately by Mill Creek Residential and the Related Group— Sean Stewart-Muniz