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MC Equity Group is moving forward with plans to develop a three-building, mid-rise complex on the south side of Lauderhill Mall. The project will feature 233 apartments, including one- and two-bedroom units, as well as a clubhouse and approximately 14,200 square feet of new commercial space. IMC successfully proposed a special-use exception to the mall's commercial zoning designation, allowing for multifamily residential development on the south side.
IMC acquired Lauderhill Mall in 2012 for $17.8 million and has since worked to revitalize the property. The company has already renovated a building on the west side for self-storage and another at the southeast corner for Joys Roti restaurant. IMC's conceptual design for the southern side of the mall includes an eight-story building and two five-story buildings.
The Lauderhill City Commission approved the special-use exception, which will allow IMC to move forward with its site plan. However, the commission included a condition that prohibits the transfer of ownership or assets without triggering the provision. IMC had requested to delete this condition, citing concerns that it would inhibit development. The city attorney noted that the condition could be amended in the future if necessary.
