PRLog - March 15, 2012 - Plantation, Fla. - Stiles has launched construction of a new mixed-use development with numerous “green” features at the southern gateway to Plantation’s Midtown District – a positive step for Broward’s real estate market.
One Plantation - Rendering
The Stiles development consists of: a new luxury apartment community -- a joint venture with Prudential Real Estate Investors (PREI)– and the adjacent University Shoppes, which Stiles owns and is redeveloping. Located on a prime site at the northwest quadrant of University Drive and I-595, the residential/
Drivers along I-595 can see a sign of economic progress -- Stiles Construction’
“We foresee continuing, strong demand for amenity-rich rental residences just steps away from shopping, dining, services and entertainment,”
The residential component, which will be called “One Plantation,”
While this will be Stiles’ first “green” multifamily residential development, the Fort Lauderdale-based, full-service real estate company has an ongoing commitment to sustainability in all its projects and every aspect of its operations, Eagon said. The award-winning firm has been responsible for environmental “firsts” such as creating Broward County’s first LEED Silver-certified multi-tenant office building, and it has developed, constructed or played a key consulting role in 16 South Florida LEED projects.
“PREI shares our commitment to sustainability for this new community,” Eagon added. “We’
Cohen Freedman Encinosa architects designed the multifamily complex with convenient features such as walk-up access to the ground floor units.
Clubhouse amenities include a pool, spa, California kitchen, firepit, children’s tot lot, 4000-square-
A four-story parking garage will connect to the clubhouse and serve residents in both tower buildings. It will feature a roof-top court for tennis and basketball.
The mixed-use development’
The popular commercial center will remain in operation throughout the phased renovation and reconstruction period, according to Eagon. Tenants include McDonald’s, which will move to a new building within the center, plus Goodyear, FedEx, and International House of Pancakes (IHOP). Construction of the multi-phase retail renovation is expected to begin later this spring, and Stiles Realty is targeting additional local, regional and national tenants.
Stiles is a full-service commercial real estate firm with a clear mission: Invest, Build and Manage. In addition to development, Stiles services include acquisitions, financing, construction, design, repositioning, realty, leasing and property management. Headquartered in Fort Lauderdale, Stiles also has regional offices in Miami, Tampa, Jacksonville, Fort Myers and Orlando, Florida. Stiles is responsible for more than 37 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300.
PREI is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Parsippany, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, Lisbon, London, Luxembourg, Madrid, Munich, Paris, Abu Dhabi, Istanbul, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Singapore, and Tokyo. In addition, the company has representatives in Milan and is establishing a presence in Sydney, pending regulatory approval. As of December 31, 2011, PREI managed approximately $49.1 billion in gross real estate assets ($31.0 billion net) on behalf of more than 490 clients worldwide. For more information, visit www.prei.com.