Falcone’s Fashion Mall redevelopment gets a name: Plantation Walk

$350M project will have 700 apartments, office, retail and a renovated hotel

TRD MIAMI /
Mar.March 23, 2017 09:45 AM

New rendering of Plantation Walk. Inset: developer Art Falcone

Developer Art Falcone’s Fashion Mall redevelopment project in Plantation finally has a name: Plantation Walk. 

The $350 million project, one of the largest mixed-use projects in Broward County, will replace the now-defunct Plantation Fashion Mall, a 32-acre complex at 321 North University Drive. Falcone’s Encore Capital Management bought the mall out of bankruptcy at an auction in 2015 for $37.7 million, and scored approvals for the two-phased development in December.

Falcone plans to build 700 rental apartments called “The Rise”, about 250,000 square feet of office space and another 200,000 square feet of retail. An existing 160,000-square-foot office building is being renovated and is slated to open by December, and the 263-room Sheraton hotel is undergoing renovations as well. It remains open.

Encore plans to finance the project’s initial stages with its own capital and seek outside funding later on if needed. The redevelopment will take up to four years to complete, Falcone previously said. – Katherine Kallergis


Related Articles

arrow_forward_ios
IMC Equity Group CEO Yoram Izhak, and 1800 Northwest 66 Avenue (Credit: Google Maps)

IMC Equity Group snags industrial buildings in Plantation for $11M

6600 Northwest 14 Street (Credit: Google Maps, iStock)

Mindful Management makes conscious Plantation purchase

Plantation gas explosion (Credit: Getty Images)

Open gas valve at closed pizzeria caused Plantation gas explosion: report

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

arrow_forward_ios