Along with other interesting 2018 real estate trends such virtual reality, drones and millennial buyers, a recent MarketWatch article brings up a new term that has strong significance in South Florida, "Surban" communities.
Surban?The article says the trend reflects existing suburban neighborhoods adding amenities, to create an area where you can "live, work and play right outside of the core part of the city." In South Florida, especially the Fort Lauderdale area, there are plenty of cases of this popping up. Suburban communities like Hollywood, Weston, Sunrise, Pembroke Pines and Miramar, and even outskirts of Fort Lauderdale are adding mini-downtown areas and amenities that cater to people who like the convenience and nearness of traditional downtowns like Fort Lauderdale and Miami, but prefer living in a suburban type neighborhood.
Build, Baby, Build!Two upcoming developments currently under construction that fit into the "Surban" category are Metropica un Sunrise and Dania Pointe in Dania Beach. Metropica is a new community being built in Sunrise with office space, residences and retail. Its website bills the community as a "4 million square foot master planned community" that "brings the best of city living into a lush tropical setting." Dania Pointe, also huge, sitting on 102 acres, will have retail, residential and office space.
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