![]() Seeing demand: New housing developments have been popping up all over South Florida as developers see an increased need and demand amongst a low inventory housing market. The project will be built out in three phases. Pre-leasing of the units will start in early 2025, with the first phase of the project expected to be completed that year. When will construction be finished? Construction for the project is expected to start in the next few months. What’s being replaced? The site used to be home to a gas station and 50-year-old shopping center. “When we finish the first two phases, in about two years, we are going to adjust it based on where the market is,” added Ziv. Currently, in the town of Davie, an apartment costs about $3 per square foot for a new product, according to Ziv. ![]() What will the apartments cost? Prices have not been officially set, but units will go for market value. There will be be a little over 2,000 parking spaces on site.īy the end of the project, it’s expected to be worth around $1 billion. The first level of the project will be devoted to 36,000 square feet of restaurants and retail space.
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