Second Phase Of Plantation Walk Approved By City

Dec 02, 2019 No Comments by

Encore Capital Management, the developer of Plantation Walk, a $350 million mixed-use office, retail, residential, and hotel destination, has unveiled details for phase two of the project.

The second phase was updated to better serve the needs of area residents. The approved plans include: a 135-room Springhill Suites by Marriott hotel, a 168-unit luxury independent living facility and a new parking garage.

The Plantation City Council approved the new plans at its meeting Wednesday night.

 

“We have also been taking residents’ feedback into consideration and believe this plan will help reduce traffic in the area,” said Arthur Falcone, CEO and Managing Principal of Encore Capital Management.  “I am pleased the city saw the value these changes will bring to the project so we can get started.”

The 263-room Sheraton Hotel onsite currently offers full conference, ballroom, and catering facilities, as well as a full-service restaurant.  The 170,000 square foot Class-A office space was fully remodeled and welcomed their first tenant, AETNA, earlier this year.

Construction on the first phase of 171 apartments and it’s integrated ground level retail are expected to be completed by mid-2020.  In total, the project will feature 700 luxury rental apartments under Encore’s The Rise brand and 130,000 square feet of retail space.

Once completed, Plantation Walk will create a downtown-style destination encompassing the ingredients of a true, walkable development that will create “Main Street Plantation.”  Located on University Drive just north of Broward Boulevard, Plantation Walk is 10 miles from downtown Fort Lauderdale and 30 miles from downtown Miami.  It features easy access to I-595, Florida’s Turnpike and the Fort Lauderdale-Hollywood International Airport.

 

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Broward County Multifamily, Broward County Office, Broward County Retail, Hospitality, Industry News, Multifamily, NA, Office, Retail
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