Developer set to buy land for $168M Coral Springs project

Ron Sheldon plans to build an apartment building, a hotel and retail space on the southwest corner of University Drive and Sample Road

TRD MIAMI /
Jan.January 27, 2018 02:30 PM

Coral Springs Financial Plaza at University Drive and Sample Road (Credit: Sun-Sentinel)

A developer is set to acquire land at the intersection of University Drive and Sample Road in Coral Springs for construction of a hotel, an apartment building, and retail space.

Developer Rod Sheldon of Boca Raton-based PreDevCo expects to close next month on the acquisition of a seven-acre site on the southwest corner of the intersection.

Sheldon would build a $168 million cluster of developments there, including a 450-unit apartment building and a 150-room hotel  with its own parking garage. He also plans to build retail spaces for a grocery store and a half dozen bars and restaurants. Coral Springs Financial Plaza, a 10-story office building on the southwest corner of the intersection, would be razed.

Sheldon’s development would be part of the city government’s vision of a new downtown district in Coral Springs at University Drive and Sample Road.

Coral Springs, which is preparing to open a new City Hall on the southwest corner of the intersection of University Drive and Sample Road, wants to sell the current City Hall location on the northwest corner to a developer. The city also may acquire a nearby shopping plaza for redevelopment.

In addition, the city plans to find a new location for the Coral Springs Charter School on the southeast corner of the intersection and to sell the land there to a developer.

The northeast corner of University Drive and Sample Road is occupied by the  former location of a Publix supermarket that closed after Hurricane Wilma hit South Florida in 2005. [Sun-Sentinel] – Mike Seemuth


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

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

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

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

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Power restored after blackout envelopes West Side of Manhattan

arrow_forward_ios
Loading...