Pines City Center Phase2
PEMBROKE PINES, FL—Terra City Center Investments II, LLC – anentity of South Florida-based real estate development firm Terra –has closed on $45 million in financing from First Bank of Floridafor the second phase of retail space within its Pines City Centerdevelopment here. Located at the southwest corner of PinesBoulevard and Palm Avenue, Pines City Center is a 47-acre mixed-usedevelopment that includes a total of approximately 300,000 squarefeet of lifestyle-driven retail, entertainment and restaurant spacealongside market-rate residential apartments.
Terra closed on the loan amid widespread economic uncertaintyand a retail sector that has all but shut down.
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