HOLLYWOOD, FL-Stationside Village Associates LLC is planning to begin construction in the second half of 2007 on Sheridan Stationside Village, a $500-million transit-oriented development. The mixed-use development will be situated on 41.2 acres at the Interstate 95 and Sheridan Street.

The development, which is in the planning stages and is projected to be built over eight to 10 years, will be near the Tri-Rail commuter rail line’s Sheridan Street station. It calls for 1,050 to 1,600 residential units, up to 299,000 sf of office space, 340,000 sf of retail space, a hotel with as many as 150 rooms and a 793-space parking structure for Tri-Rail riders.

Stationside Village Associates is comprised of Miami-based Pinnacle Housing Group and Fort Lauderdale-based Ram Development Co. National architectural firm Cooper Carry is designing the project with South Florida-based architects Mark Wiener and Roger Fry.

Michael Wohl, a partner in Stationside Village Associates, tells GlobeSt.com that the development will be constructed on a 17-acre site being leased from the Florida Department of Transportation and on another 23-acre parcel owned by the developers. “We plan to build the mixed-use village portion of the project first, which will include retail, office, some residential space and a 150-room hotel,” Wohl says.

The project will be constructed under Broward County’s new Transit Oriented Development land-use ordinance, which created the TOD designation for mixed-use communities adjacent to mass transportation services. The development team has been working with the Center for Transit-Oriented Development, a nonprofit organization that helps communities with transit-oriented developments. “As pedestrian-oriented, mixed-use environments, transit villages are proving a far more efficient use of land than traditional suburban subdivisions,” says Ram Development president Casey Cummings.

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