Developers are tearing down a series of old stores to make way for a new commercial center called Riverbend Corporate Park near Broward Boulevard and I-95.
Charlie Ladd and George Rahael, the men in charge of the project, are planning to include six office buildings that will extend up to 325,000 square feet. They are also thinking about setting up a hotel, shops and homes. Construction is expected to take over 10 years to complete at a cost of nearly $1 billion. Riverbend is also predicated to produce almost 8,000 jobs and $20 million in taxes.
The developers are now looking for businesses in such cities as Boca Raton and Cypress Creek to occupy the new office spaces. This real estate in Fort Lauderdale will be near I-95, I-595, a Tri-Rail station and the Fort Lauderdale-Hollywood International Airport. Ladd and Rahael hope that its proximity to the highways and the Tri-Rail will attract many residents who wish to easily commute from their homes in South Florida.
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