$800M Mixed-Use Project in Florida Gets Green Light
- Nov 07, 2008
By Anuradha Kher, Online News EditorPlantation, Fla.–The US Capital Holdings Group has received the City Council’s approval for 321 North, its $800 million project in the heart of Plantation, Fla. US Capital Holdings Group will begin redeveloping the former Plantation Fashion Mall into a mixed-use project featuring up to 590 residential units, 550,000 sq. ft. of retail and 613,000 sq. ft. of office.When completed, 321 North will provide the city with approximately $2 million in tax revenue per year and create upwards of 3,700 new jobs. “This is a seminal moment at a seminal time,” says Wei Chen, CEO, US Capital Holdings Group. “In an economy where development is all but stalled, we are about to move forward on what will be the city’s, and arguably Broward County’s, most talked about community. Our vision is to create a true lifestyle destination while meeting the city’s desire to build smart and green.” Mayor of Plantation, Rae Carole Armstrong, says, “321 North is exactly what Plantation needs. The project is exciting and fresh and is designed to fit seamlessly into our master plan to build an urban town center called Plantation Midtown.” Council President Rico Petrocelli adds, “321 North is an endeavor three years in the making. It took this long because it is the future, not only of Midtown, but of Plantation, of green buildings, and of mixed-use development.”A LEED pre-certified development that is in line with the city of Plantation’s green initiatives, 321 North is one of 60 projects nationwide participating in a special focus group as part of a Leadership in Energy and Environmental Design (LEED) for Neighborhood Development pilot program to evaluate developments in their entirety and establish a uniform rating system for like communities.