Coconut Creek, being one of the most dynamic cities in Broward County is always filled with shakers and movers in character, housing, and real estate. Developments are always under way to make the city more competitive in terms of economic standards, and more conducive for living. This February of 2015, there are certain events that were seen to have great impact not only to the local real estate industry but also to other industries within the city. Here are some of them.
Village Shoppes sold
One of the breaking news which will impact the city is the selling of Village Shoppes. According to an article published in South Florida Business Journal, the character was sold for $19.6M to an investor who is based in Coral Gables. The said move was backed by Mercantil Commercebank which financed $10.15M mortgage. seemingly, the character managed by Alex Sirulnik and Claudio Mekler sold for $365 per square foot.
Staggering $23M out for the buy of Broward plaza
Although the commercial character is out of the city’s perimeter, it nevertheless is a great point of lifestyle to where many residents go to avail their needs. Anchored by Publix – a supermarket where basic goods and food items are sold, and Home Depot – a one stop shop for home design and improvement needs, it is undeniable that the Broward Plaza is an influential place to Coconut Creek residents.
Atlas Cypress Lakes reportedly purchased Broward Plaza for $23M from its owners. The 28.9-acre character is comprised of three buildings anchored each by Publix, Home Depot, and the third one being Burger King. The character equated to $88 per square foot.
Butterfly Festival kicks off on February 28
One of the most expected events in the whole of Coconut Creek is the Annual Butterfly Festival. During this day, many visitors from nearby counties and already from other states are expected to visit the city. It is the perfect time for the city to showcase its charm and beauty. It is also a great time for home owners who are selling their homes to put up for sale signs just outside their similarities. For this year, the festival conquers complete straight hours from 1:00 p.m. all the way until about 8:30 p.m.
The great foot traffic produced by the festival is also an opportunity for businesses, especially those in accommodation and dining industries to romp up their sales.