Grupo Eco, a Mexican development group, broke ground on the first phase of a commercial project in Hallandale Beach.
City officials, developers and brokers attended the official groundbreaking at 801 Federal Highway. As planned, Atlantic Village will be a 32,000-square-foot retail and commercial center set to open in November 2017.
Negotiations are underway with prospective tenants, including local restaurants, developer Elias Benaim previously told The Real Deal.
Grupo Eco is developing the project on land the group bought for $10 million from Tibor Hollo in mid-2015. The group plans to spend another $5 million to $7 million on construction. A second phase of the project will be a commercial and residential development, which will break ground in 2018. The architects are SRS — Synalovksi Romanik Saye.
The development group owns a total of 8 acres in Hallandale Beach. – Katherine Kallergis and Sean Stewart-Muniz