Sunbeam Properties and Stiles have officially broken ground on Miramar Cove, a massive $1 billion, 125-acre mixed-use development in Miramar, Florida. This ambitious project aims to transform the South Florida landscape with a blend of residential, retail, and office spaces, alongside significant recreational amenities.
Key Takeaways
- A $1 billion, 125-acre mixed-use community named Miramar Cove is under development in Miramar, Florida.
- The project, a collaboration between Sunbeam Properties and Stiles, will feature 2,874 residences, extensive retail and office space, a hotel, and a unique water feature.
- Completion is anticipated in the fourth quarter of 2028, with plans for phased development.
Miramar Cove: A Vision For The Future
Miramar Cove is set to become a vibrant hub, offering a diverse range of living options, including 200 townhomes and approximately 100 affordable units. The development will boast 400,000 square feet of retail space, highlighted by a 35,000-square-foot grocery store, and 125,000 square feet of Class A office space. A 185-key hotel will cater to visitors, while a 5.5-acre Blue Mar Basin water feature, utilizing a proprietary system from Martin Aquatic, will serve as the development’s centerpiece.
Amenities and Connectivity
Beyond its built environment, Miramar Cove emphasizes lifestyle and connectivity. The community will feature five miles of walking paths, 10 acres of green space, and 25 acres of natural trails, encouraging an active lifestyle. A public entertainment district is planned, alongside a residents-only beach club. The development’s strategic location at 11125 Miramar Parkway provides excellent access to major transportation routes, including Florida’s Turnpike, I-75, I-595, and I-95, with Hard Rock Stadium nearby and downtown Fort Lauderdale approximately 20 miles to the north.
South Florida’s Growing Development Landscape
Miramar Cove is part of a broader trend of significant development across South Florida. The region’s multifamily market remains robust, with the Miami metro area delivering substantial new units and maintaining high occupancy rates. Other large-scale mixed-use projects are also underway, such as a $2 billion development in Miami approved in October 2025 and The HueHub, an $880 million project focused on providing attainable housing for essential workers.