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| Rendering of planned Grove at Miramar Retail Center, Miramar, FL |
MIRAMAR, FL –
Commercial real estate developer Elit, LLC has begun construction on The Grove
at Miramar, an upscale neighborhood retail center in the heart of the city.
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| Pablo E. Jeannot |
Located on 5.62 acres at the southeast corner of Miramar Boulevard and Flamingo
Road, the retail plaza will consist of four buildings and up to 45,000 sq. ft.
of leasable space. With multiple tenants already secured, the $15 million
project is slated for completion in July 2019.
“Over
the last 10 years, the City of Miramar has been a hotspot for commercial and
residential development,” said Victor E. Taurizano, broker manager at Novus
Realty, LLC and a founding partner of Elit, which is developing The Grove with
capital partner Miramar Investment Fund, LLC.
“With its strategic location and
sophisticated design, The Grove will offer tenants premium commercial space in
a well-travelled area and provide residents and visitors with convenience,
accessibility and an elite retail experience. It will be a fitting addition to
the diverse and flourishing community of Miramar.”
The Grove will feature Mediterranean-inspired architecture,
pedestrian-friendly sidewalks and lush landscaping. The buildings are
surrounded by more than 200 parking spaces and will accommodate restaurants,
physicians, financial institutions and more.
Additionally, “Excellent accessibility to the site from both
Miramar Boulevard and South Flamingo Road will allow smooth traffic flow and
encourage returning customers,” said Elit co-founder Pablo E. Jeannot of ABIS
Global.
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| Victor E. Taurizano |
The Learning Experience®, one of the nation’s
fasting growing early education and childcare franchises with more than 200
locations across the country, has signed a lease for 10,000 sq. ft. and
Den-Vest, a leader in the design of turn-key, fully-integrated dental offices
and provider of equipment and support for dental practice management and
operation, has signed a lease for 1,400 sq. ft.
“One of the many benefits of developing high-quality retail
space is that it attracts high-caliber tenants, paving the way for increased
local economic activity and the creation of new jobs,” Taurizano added.
For the project, Elit enlisted GD Construction, LLC as the
builder, Gallo Herbert Architects as the architect, Whinningham & Fradley
as the civil engineer, Horizon Properties as the leasing agent and Yates &
Company as the land use consultant. Elit is also represented by general
contracting firm GC One, Inc.
