{"id":1004039856,"date":"2012-03-20T07:03:20","date_gmt":"2012-03-20T15:03:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004037637"},"modified":"2022-12-06T01:08:07","modified_gmt":"2022-12-06T09:08:07","slug":"stiles-begins-construction-on-ft-lauderdale-mixed-use-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stiles-begins-construction-on-ft-lauderdale-mixed-use-development\/","title":{"rendered":"Stiles Begins Construction on Ft. Lauderdale Mixed-Use Development"},"content":{"rendered":"<p><strong>By Barbra Murray, Contributing Editor<\/strong><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032012-Stiles-One-Plantation.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004037638\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/031512-oasis-at-waipahu-apts-50x50\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031512-Oasis-at-Waipahu-Apts-50x50.jpg\" data-orig-size=\"50,50\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"031512-Oasis-at-Waipahu-Apts-50&#215;50\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031512-Oasis-at-Waipahu-Apts-50x50.jpg?w=50\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032012-Stiles-One-Plantation.jpg\" alt=\"\" title=\"032012 - Stiles One Plantation\" width=\"300\" height=\"168\" class=\"alignright size-medium wp-image-1004037638\" \/><\/a><\/p>\n<p>A new mixed-use development is sprouting up in Plantation, Fla., at the hands of Stiles. In a two-part endeavor, the developer will erect a new luxury apartment complex and redevelop a neighboring commercial retail segment in the city\u2019s Midtown District within the greater Ft. Lauderdale area.<\/p>\n<p>The project\u2019s residential component, One Plantation, will feature 321 upscale units in two 12-story structures on a nearly six-acre site acquired in 2004. Stiles, which is building the gated community in a partnership with Prudential Real Estate Investors, has already secured $40.6 million in construction financing through PNC Bank. It is a timely pursuit, as the demand for rentals in the area is growing stronger and stronger.<\/p>\n<p>The metropolitan Fort Lauderdale apartment market has experienced nine consecutive quarters of positive absorption, according to a recent report by Apartment Realty Advisors. The enviable numbers are due in no small part to the fact that many would-be homebuyers continue to be alienated by strict lending standards and are, thusly, turning in the direction of multifamily. Fort Lauderdale\u2019s vacancy rate is on a consistent downswing and is on track to hit the mid-3 percent mark in 2013.<\/p>\n<p>Not only are renters looking for luxury apartment units, they are seeking bustling 24\/7 environments. One Plantation will cater to their increasingly loud call for residential accommodations in what is fast becoming a booming live-work-play neighborhood.<\/p>\n<p>University Shoppes, the adjacent commercial component, is the segment of the Stiles project that will add the \u201cplay\u201d in live-work-play. Stiles is taking on the redevelopment of the 65,000-square-foot shopping center on its own, with plans of commencing the sweeping multi-phase renovation of the 9.5-acre destination within the next couple of months.<\/p>\n<p>If all goes as planned, One Plantation will make its debut in June 2013, and the updating of University Shoppes will reach completion in early 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new mixed-use development is sprouting up in Plantation, Fla., at the hands of Stiles. In a two-part endeavor, the developer will erect a new luxury apartment complex and redevelop a neighboring commercial retail segment in the city\u2019s Midtown District within the greater Ft. Lauderdale area.  <\/p>\n","protected":false},"author":1201,"featured_media":1004037136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,21742],"tags":[],"class_list":["post-1004039856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Stiles Begins Construction on Ft. Lauderdale Mixed-Use Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stiles-begins-construction-on-ft-lauderdale-mixed-use-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stiles Begins Construction on Ft. Lauderdale Mixed-Use Development\" \/>\n<meta property=\"og:description\" content=\"A new mixed-use development is sprouting up in Plantation, Fla., at the hands of Stiles. In a two-part endeavor, the developer will erect a new luxury apartment complex and redevelop a neighboring commercial retail segment in the city\u2019s Midtown District within the greater Ft. Lauderdale area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stiles-begins-construction-on-ft-lauderdale-mixed-use-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-20T15:03:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T09:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032012-Stiles-One-Plantation.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"309\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stiles-begins-construction-on-ft-lauderdale-mixed-use-development\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/stiles-begins-construction-on-ft-lauderdale-mixed-use-development\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Stiles Begins Construction on Ft. 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