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FLORIDA August 2016 • SHOPPING CENTER BUSINESS • 79 Gainesville and our project is making that dream a reality." BROWARD ANCHORS SOUTH FLORIDA Similar to other retail markets in Flor- ida, Broward County's retail market is tightening. The market decreased its va- cancy rate by 20 basis points from the first quarter to second quarter, according to CoStar Group. Net absorption fell just shy of 500,000 square feet in the second quarter, while deliveries totaled nearly 340,000 square feet. The main delivery was a 300,000-square- foot retail development located at 301 N. State Road 7 in Hollywood. The project is anchored by Walmart. Hollywood, a city in Broward County located along the Atlantic Ocean, is driven by population growth and tourism. "We have over 70,000 square feet of retail planned for delivery in the next few years with many mixed-use devel- opments downtown and on Hollywood Beach," says Brian Rademacher, corridor redevelopment manager for the city of Hollywood's economic development division. "The city will bring many retail opportunities to market for its residents and visitors." Multifamily and single-family de- velopers are underway on supply that will help support Hollywood's employment growth. The city added 1,300 jobs between May 2015 and May 2016, according to Rademacher. "Pulte Homes is building 645-home community and MG3 is developing The Reserves at Emerald Hills, with 30 luxury coach homes and 85 luxu- ry estate homes," says Rademacher. "Downtown, 600 units are coming on line in two apartment developments — H3 and Hollywood Circle." On the horizon, Rademacher ex- pects Hollywood to benefit from the growth in tourism and mass transit. Tri-Rail Coastal is planning a regional commuter line from Miami to Jupiter, and the city of Hollywood is compet- ing to be a station stop. "The city of Hollywood is soliciting proposals for a mixed-use develop- ment on 3.5 acres near the proposed station," says Rademacher. Further north and inland within Bro- ward County, Lauderhill opened a new 1,200-seat performing arts center in Jan- uary. Elijah Wooten, economic devel- opment manager of city of Lauderhill, expects the venue to help generate retail activity. "Adjacent to the performing arts cen- ter is a 13-acre site that the owners of the Lauderhill Mall recently purchased to create the Lauderhill Marketplace," says Wooten. "The owner invested $3 million to $4 million to upgrade Lauderhill Mall and develop outparcels. Recently Crunch Gym opened a 30,000-square-foot loca- tion on the second floor of the mall." In Sunrise, KGH International Devel- opment is underway on Metropica, a 65-acre mixed-use development that will span roughly 400,000 square feet of retail space, as well as multifamily residences, a hotel and 650,000 square feet of office space. Tenants already announced for the ground-level retail spaces include Ipic Theaters, Kings Bowl, True Food Kitchen, Kona Grill, Oil & Vinegar, Fogo de Chão, Shake Shack, Anthropologie, Free People and Kendra Scott. More announcements will be made in coming weeks and months prior to the project's fall 2017 opening. In Pembroke Pines, Terra City Center Group is developing Pines City Center, a 300,000-square-foot retail center set for delivery in late 2017 or early 2018. "Pines City Center will feature a su- permarket, cinema, performing arts cen- ter and many exciting new restaurants and retailers at an infill location next to 1,500 new multifamily units on Pines Boulevard," says Rod Castan, president of leasing and management services at Courtelis Co., the leasing agent for Pines City Center. In Dania Beach, demolition is under- way for Dania Pointe, a 102-acre mixed- use development that will feature 900,000 square feet of commercial space, 1,000 apartments, two hotels spanning 300 rooms and two office towers. Kimco Re- alty Corp. recently bought out its partner Canada Pension Plan Investment Board's 45 percent stake in Dania Pointe for $84.2 million. SCB Your Hometown International Neighborhood e City of Lauderhill is a vibrant community located in the center of South Florida. Our selection of unique shops, restaurants and businesses has a distinctive international fl air and is a celebration of our cultural diversity. Conveniently located between three international airports, three international seaports and minutes away from the Florida Turnpike, Interstate 95 and the Sawgrass Expressway, Lauderhill is easily accessible for employees, customers and tourists visiting the Sunshine State. Let our team of professionals expedite your zoning and building permit approvals so you can establish, relocate and expand your business to the City of Lauderhill. Welcome to Lauderhill For more information on available locations and resources to assist your business contact our Economic Development Division at 954-730-3041 • ewooten@lauderhill-fl .gov Visit our website at www.lauderhill-fl .gov