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South Florida team buys one of Broward County’s rare large land sites for $68 million

Joint venture plans to begin mixed-use Mainstreet at Coconut Creek project across 170 acres
A 170-acre parcel in Coconut Creek, Florida, represents one of the last major development sites available in South Florida, with developers planning a new downtown for the city. (Rosemurgy Properties, 13th Floor Homes, Schmier Property Group, Giles Capital Group)
A 170-acre parcel in Coconut Creek, Florida, represents one of the last major development sites available in South Florida, with developers planning a new downtown for the city. (Rosemurgy Properties, 13th Floor Homes, Schmier Property Group, Giles Capital Group)
CoStar News
October 30, 2025 | 9:53 P.M.

A partnership between four South Florida developers closed on the $68 million acquisition of a 170-acre site to make way for what the team expects to be a $1 billion mixed-use development.

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