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Developer breaks ground for 45,000-square-foot shopping center in Miramar
Developer Elit LLC, which just got a $7.5 million construction loan, also has pre-leased about a quarter of the retail development, called The Grove at Miramar
Construction of a shopping center in Miramar is under way, and the developer has pre-leased about a quarter of the retail space.
An affiliate of developer Elit LLC just got a $7.5 million loan to finance the construction of the shopping center, called The Grove at Miramar. The lender is Miami-based Miramar Square Lending.
The $15 million development at the southeast corner of Miramar Boulevard and Flamingo Road is expected to open in July 2019.
The general contractor overseeing construction of the 45,000-square-foot shopping center is GC Construction. The architecture firm is Gallo Herbert Architects.
Child-care provider Learning Experience pre-leased 10,000 square feet, and dental practice Den-Vest will take 1,400 square feet, according to the developer.
Elit LLC, co-founded by Pablo E. Jeannot and Victor E. Tauizano, has retained Horizon Properties as the leasing agent for The Grove at Miramar.
Taurizano, who also is broker manager at Novus Realty, told the the South Florida Business Journal that Miramar has been “a hotspot for commercial and residential development” over the last 10 years. [South Florida Business Journal]– Mike Seemuth