{"id":1004199895,"date":"2017-12-08T08:54:45","date_gmt":"2017-12-08T16:54:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004199895"},"modified":"2022-12-08T15:46:22","modified_gmt":"2022-12-08T23:46:22","slug":"lifestyle-oriented-retail-center-coming-to-pembroke-pines","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lifestyle-oriented-retail-center-coming-to-pembroke-pines\/","title":{"rendered":"Lifestyle-Oriented Retail Center Coming to Pembroke Pines"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004199896\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004199896\" data-attachment-id=\"1004199896\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lifestyle-oriented-retail-center-coming-to-pembroke-pines\/16000-pines-market\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg\" data-orig-size=\"2772,2079\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"16000 Pines Market\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;16000 Pines Market&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?w=1024\" class=\"wp-image-1004199896 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg\" alt=\"16000 Pines Market rendering\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg 2772w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/16000-Pines-Market.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004199896\" class=\"wp-caption-text\">Rendering of 16000 Pines Market<\/p><\/div>\n<p>Terra Group unveiled its plans to develop a 27-acre, 130,000-square-foot center dubbed 16000 Pines Market in Pembroke Pines, Fla. The developer plans to break ground on the project\u2019s commercial phase early next year, with opening expected to take place in the third quarter of 2019.<\/p>\n<p>The first phase of the development is nearly 75 percent pre-leased to\u00a0a diversity of tenants including 24 Hour Fitness, PetSmart and a natural gourmet foods grocer. Additionally, 16000 Pines Market will feature a Gyu Kaku Japanese restaurant, MOD Pizza, Floss Dental, Tipsy Nails and a U.S. Postal Service branch.<\/p>\n<p>The complex will rise at 16000 Pines Blvd., a site currently occupied by a post office and a postal distribution center at the junction of Pines Boulevard and Dykes Road. According to public records, Terra acquired the development site for $11.5 million from the city of Pembroke Pines in October. Terra also secured $48.8 million in construction financing from Pineland Finance &amp; Investment LLC.<\/p>\n<p><em>\u201cTerra&#8217;s continued investment in Pembroke Pines reflects the city&#8217;s growing residential population and the high barriers to entry that exist for new commercial development,\u201d<\/em> said David Martin, Terra\u2019s president and co-founder, in prepared remarks. <em>\u201c16000 Pines Market will meet mounting demand for unique retail and dining experiences while offering an everyday amenity for neighboring residents and visitors.\u201d<\/em><\/p>\n<h2>Active developer<\/h2>\n<p>Rod Castan, president of leasing and management at Courtelis Co., is in charge of leasing the project. Earlier this year,\u00a0Terra landed a $32 million construction loan for the development of a <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-office-complex-lands-32m-construction-financing\/\">Class A office and retail complex<\/a> in Miami&#8217;s Coconut Grove neighborhood. The company is currently developing Pines City Center, a 300,000-square-foot mixed-use complex, also located in Pembroke Pines.\u00a0<\/p>\n<p><em>\u201cClose to 400,000 people live within a five-mile radius of 16000 Pines\u2014and with job growth over the next decade projected at 38 percent\u2014Pembroke Pines\u2019 demographics are attractive to best-in-class retailers and restaurants,\u201d<\/em> Castan explained.<\/p>\n<p><em>Image\u00a0courtesy of Terra Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra Group plans to break ground on 16000 Pines Market\u2019s commercial phase in early 2018, with opening estimated to take place in the third quarter of 2019.<\/p>\n","protected":false},"author":240,"featured_media":1004199896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1492,21742,21749],"tags":[36937,35136,36622],"class_list":["post-1004199895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-miami","category-latest","category-retail","tag-courtelis-development-company","tag-petsmart","tag-terra-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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