Terra Pays $8.5 million For Land Needed For Phase 2 Of Pembroke Pines Project

The development of the Pines City Center is continuing, full-speed ahead. Terra Group, developers of the project, paid $8.5 million for land it needs for the second phase of its Pines City Center mixed-use development in Pembroke Pines, Florida, according to property records.

A Terra affiliate paid about $120,000 per acre for 71 acres at the southeast corner of Pines Boulevard and Palm Avenue. Terra also closed $28 million in financing for the acquisition and construction of the project’s second phase, according to a Terra spokesperson.

The 1st phase of the Pines City Center project is being built on a 47-acre plot on the southwest corner of Palm Avenue and Pines Boulevard with a scheduled completion timeframe of end of 2018.

Pines City Center is slated to house Publix Super Markets, Carl’s Patio, Cooper’s Hawk, BurgerFi, Smoothie King, PizzaRev, Bento Café, The Halal Guys and Hobby Lobby.