Fort Lauderdale Real Estate | Galleria Mall Development
In a turn of events sure to turn heads in the community, the owner of Fort Lauderdale’s The Galleria made an announcement about development plans beneficial to those who seek Fort Lauderdale Real Estate. They want to establish a phased project around the mall believed to carry a value of more than $1 billion.
According to mall executives, the construction would be completed in phases over the next several years. It was set to begin in late 2015, pending approval. Plans include building 150 hotel rooms, an unknown number of senior living apartments, and 1,600 residences. The Galleria’s owner wishes to add landscaping, bike lanes, and green space. Improving the walkways around the mall property is also a goal.
The new jobs and Fort Lauderdale Real Estate that would come along with the project bring many benefits to the table. However, in an area known for its traffic issues, there are certain things developers shouldn’t ignore. Fort Lauderdale Mayor Jack Seiler had something to say about addressing clogged lanes and limited parking during the creation process.
“Everything is about balance. You can bring good projects in here and good development, but at the end of the day, you’ve got to maintain balance with quality of life.”
Galleria general manager Mark Trouba had his own thoughts to share to the Sun-Sentinel. “This is an exciting time for The Galleria as we pursue a long-term vision, which will dramatically improve the landscape of the area and impact our ability to further attract the best retail and dining options.” To learn more about this project, click here: The Real Deal
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