Hotel Development Site Available in Coral Springs

Marcus & Millichap is offering a hotel development site for sale, the asking price is $3.9 Million. Located at the intersection of University Drive and Sample Road in Coral Springs, Florida, this 0.6-acre hotel development site is a focal point of the emerging "Downtown Coral Springs" district. Surrounded by new developments, including Modera, a 708-unit Class A apartment development, and over 46,572 square feet of ground-floor retail/restaurant space, the site offers a prime opportunity for an upscale mixed-use hotel. Adjacent to Coral Springs City Hall, the site benefits from its central location within the city's administrative hub. The proximity to the planned City Village development, which will feature 412 Class A apartments, 111,362 square feet of retail/restaurant space, 37,393 square feet of office space, and a Whole Foods grocery store, further enhances its appeal. Additionally, Village Square, located on the northeast corner, will offer 377 Class A apartments and 10,000 square feet of retail/restaurant space. With its strategic location and surrounding amenities, this development presents a unique opportunity to establish a Hyatt Place hotel as the premier destination in the market and the exclusive hotel option in this thriving area.

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