By Mary Damiano
The amount of Hallandale Beach real estate for buyers who want to live in this city by the sea will increase substantially, now that the Village of Gulfstream Park, new development next to Gulfstream Park racetrack, has received the thumbs up from commissioners.
The complex will include 1,500 new Hallandale Beach condos, 750,000 square feet of retail space, 140,000 square feet of office space, 500-room hotel and a movie multiplex with 2,500 seats.
The developer, Forest City, plans to break ground on the project by June 2007 and will build the project over fifteen years. The first phase of the Village of Gulfstream Park will have more than 70 restaurants and shops.
The plan includes 225 condos that would fall into the category of affordable, or workforce, housing. Forest City will also build an on-site sewer station as well as a pedestrian bridge across Federal Highway.
The Village of Gulfstream Park will change the look of South Florida real estate and contribute to Broward County. Forest city will give $2 million to Broward County schools, $3 million to establish a transit station in the city and $8 million of physical and traffic improvements.
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