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Wednesday, February 10, 2010

Aventura Mall gets new competition with the Opening of the Village at Gulfstream Park


On Thursday February 11, 2010 the long anticipated opening of the Village at Gulfstream Park will fill the day with festivities and specials. Located just north of Aventura at the beginning of Hallandale Beach and US-1 is the planned project of Gulfstream Park. What originally began as a racetrack has evolved into a casino, shops and will eventually house 70+ restaurants. It will be a true mecca destination and the Developers have spent in excess of $245 million to build this palm filled outdoor mall that will feature nightclubs, restaurants, shops and of course a casino and their world famous Horse Racing course.

A ribbon cutting ceremony starts the day off at 10 am and all day there will be grand opening celebrations including a Latin infused carnival with music and parade at 6:30 p.m.

For a full list of stores and facilities click here: Gulfstream Directory

The Developers of this project are Forest City Enterprises and Magna Entertainment Corp. (MEC). They entered into a joint venture partnership agreement concerning the planned development of The Village at Gulfstream Park. Under the agreement with MEC, Forest City will manage the development of The Village at Gulfstream Park, secure financing for the project and act as the property manager. Each of Forest City and MEC will hold a 50% interest in the joint venture, which will lease the land underlying the retail project on a long-term basis from MEC. The total project size is 1,000,000 square feet and will feature a total of 750,000 square feet of retail space that will be built in phases. This phase consists of 410,000 sf of retail. There are also plans for 1500 residential units to be built and a 310,000 sf club house, 140,000 sf of office space and when completed the entire complex will have 7000 parking spaces.

If you have any questions or would like property information contact the Golan Team at 786-271-1235 or send us an email to info@golanteam.com

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