Access up to $65 Million for Improvements with Development District Facilitation

The City of Sunrise recently voted to establish the Metropica Community Development District, allowing up to $65 million in bond financing for infrastructure development. This major step forward in the process of bringing Metropica – one of South Florida’s largest remaining contiguous mixed-use development sites located at 1800 NW 136th Avenue – to life was welcomed by Joseph Kavana, CEO of Metropica Development LLC. When completed, this $2 billion community will feature up to 2,500 residential units; 240 hotel rooms; 480,000 square feet of retail space and 650,000 square feet office space. Avison Young’s Florida Capital Markets Group and Karson & Co have been appointed as joint-venture equity partners for the project.