Florida Construction News staff writer
Construction has begun on Miramar Cove, a $1 billion mixed-use development that will bring nearly 2,900 residences, retail, office space and a hotel to Broward County.
Developers Sunbeam Properties and Stiles, a Fort Lauderdale-based real estate firm, recently broke ground on the 125-acre project at the intersection of Miramar Parkway and Red Road in Miramar. The development is expected to open in the fourth quarter of 2028.
Plans call for 2,874 residential units, including 200 townhomes, along with 400,000 square feet of retail space anchored by a 35,000-square-foot grocery store. The project will also include 125,000 square feet of Class A office space and a 185-room hotel.
The project was designed by Cooper Carry, with LandDesign serving as master planner and landscape architect. Balfour Beatty Construction is serving as general contractor.
A centerpiece of the development will be the 5.5-acre Blue Mar Basin, a water feature designed using a proprietary system developed by Martin Aquatic.
Formerly known as Park Miramar, the project received city approval in 2024 and will be built in two phases. Approximately 100 units are expected to be designated as affordable housing, according to Yardi Matrix.
Developers said the community will feature five miles of walking paths connecting residential, retail and recreational areas. Plans also include 10 acres of green space, 25 acres of natural trails, a public entertainment district and a private beach club for residents.
The site at 11125 Miramar Parkway offers access to several major transportation corridors, including Florida’s Turnpike, Interstate 75, Interstate 595 and Interstate 95. Hard Rock Stadium is located nearby, while downtown Fort Lauderdale is about 20 miles north.
The groundbreaking comes as large-scale mixed-use development continues across South Florida. Miami’s metropolitan area delivered 13,749 apartment units in 2025 and posted a 95.2% occupancy rate, according to a February 2026 report from Yardi Matrix.
Several major projects are also moving forward elsewhere in the region. In Miami, developers received approvals in late 2025 for a $2 billion mixed-use development that will include 924 condominiums, office space and retail uses. Construction is expected to be completed in 2028.
Earlier this year, work began on The HueHub, an $880 million mixed-use project in Miami that is planned to include more than 4,000 residential units. The development is being pursued under Florida’s Live Local Act and is intended to provide workforce housing for essential employees.
