COCONUT CREEK, FL (Boca Post) (Copyright © 2025) — A joint venture of Rosemurgy Properties, 13th Floor Homes, Schmier Property Group, and Giles Capital Group has completed the $68 million purchase of a 170-acre site in Coconut Creek, marking a major milestone in the development of Mainstreet at Coconut Creek — a new mixed-use community planned as the city’s downtown core.

The project, which spans 12 development blocks, will blend residential, retail, dining, and civic spaces in a walkable district surrounded by green space. When fully built out, Mainstreet is expected to exceed $1 billion in value, making it one of Broward County’s largest master-planned developments. Plans include about 80,000 square feet of grocery-anchored retail, 792 apartments, 414 townhomes, 148 villas, and 296 condominiums.

“Closing on this property represents a historic milestone for Coconut Creek and the culmination of years of collaboration,” said Alex Rosemurgy, CEO of Rosemurgy Properties, in a statement on behalf of the joint venture. “Mainstreet will transform one of the last remaining large-scale sites in Broward County into a vibrant, walkable community that balances new homes, shops, and civic amenities with thoughtfully designed parks and green spaces. We are proud to honor the legacy of the Johns Family Farm as we take this first step toward creating a true city center.”

Construction on the first phase is expected to begin in late 2025. The buildout will span several years, introducing a mix of housing, shops, and civic features. Four blocks will be reserved for civic and cultural uses, centered around a Village Green featuring public gathering areas, children’s play zones, a splash pad, dog park, performance space, and art installations. Plans also include a parking garage, outdoor amenities, and a future civic parcel for a fire station or similar public use.

“This closing underscores the confidence our partnership has in the long-term growth of Coconut Creek and Broward County,” said Michael Nunziata, president of 13th Floor Homes. “Mainstreet will be a generational project, delivering a thoughtfully planned mix of residential, retail, civic, and recreational uses that will enrich the lives of residents for decades to come.”

The site’s history runs deep. The land was first purchased in 1918 by Eva and Joe Johns, who farmed beans there before settling permanently in 1921. Their son, Earl Johns, continued operating the farm until his passing in 2009. Developers say Mainstreet will honor that legacy through public spaces and design elements celebrating the property’s agricultural roots.

Land use counsel Miskel Backman, LLP guided the entitlement and approval process. Nelson Mullins represented the joint venture in the closing and financing, with CIBC Bank USA providing funding.

According to the City of Coconut Creek, all buildings in Mainstreet must meet green certification standards through the U.S. Green Building Council or the Florida Green Building Coalition. The city aims to become the first in the country with a contiguous certified green building project. The Florida Chapter of the American Planning Association previously recognized the “MainStreet Design Standards” with an Award of Excellence for innovation and comprehensive planning.

Adopted in 2004, those standards outlined the city’s vision for a mixed-use, pedestrian-oriented downtown bounded by Wiles Road, Lyons Road, Sample Road, and State Road 7. Key goals include compact development, diverse housing choices, green building techniques, and easy access to walking and cycling routes — all of which will now take shape through the Mainstreet project.