Rilea Group will tear down part of a Sunrise shopping center for a rental development

Miami /
Apr.April 13, 2019 03:00 PM

Vista Verde at Sunrise rendering

Miami-based Rilea Group will demolish part of a 32-year-old shopping center in Sunrise this summer to clear the site for a 288-unit apartment development.

Rilea will demolish nearly half of the Pine Plaza Shopping Center, including a former Winn-Dixie grocery store, to build an apartment complex called Vista Verde at Sunrise.

Businesses that will continue to operate at the shopping center include the AMC Sunrise 8 movie theater and a branch office of Pediatric Associates.

Vista Verde at Sunrise will comprise eight buildings, each three stories tall, with a gym, swimming pool, dog park and boardwalk linking the apartment complex to Old Hammock Park. The apartments will have one-, two- and three-bedroom floor plans.

Construction of Vista Verde at Sunrise will start by September and will be finished in two years, according to Doron Valero, an investor in the $40 million project.

Built in 1987, Pine Plaza Shopping Center is at the southwest corner of North Pine Island Road and Northwest 41 Street. [Sun-Sentinel]Mike Seemuth


Related Articles

arrow_forward_ios
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Related's Jorge Pérez and Jon Paul Pérez, Teddy Sagi and a rendering of the White House Inn
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Developer of Pompano Beach apartments scores $62M construction loan
Developer of Pompano Beach apartments scores $62M construction loan
Developer of Pompano Beach apartments scores $62M construction loan
Raimundo Onetto, CEO of Alta Developers, with a rendering of the project (Behar Font & Partners, Alta)
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
Melo’s second downtown Miami apartment project scores $75M construction loan
Melo’s second downtown Miami apartment project scores $75M construction loan
Melo’s second downtown Miami apartment project scores $75M construction loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...