Plans for South Florida’s First ‘Transit Village’ in Hollywood, Fla., Take Shape
Sheridan Stationside Village to Include Needed Housing, Retail, Offices and Hotel
As urban areas become increasingly congested, and commuters are less satisfied with long drives to and from work, there will be a growing desire by urban residents to work closer to home, as well as live near efficient public transportation systems to save commute time and costs.
Pinnacle seeks to develop unique mixed-use communities that answers both of these needs by proposing to build residential/office/retail complexes that are integrated with existing or planned mass transit services. We are working with local, state and federal governments, and organizations specialized in developing transportation nexus locations to identify and redevelop under-utilized areas linked to mass-transit services.
Residents of transit-oriented developments could conceivably only need one car, and use convenient mass-transit services to commute to and from work.
Our first transit-oriented community - Sheridan Stationside Village - will transform a park-and-ride lot, a mobile home park and an existing regional commuter rail station in Hollywood, FL, into a vibrant community. Sheridan Stationside Village links a commuter rail station with a mixture of workforce housing, condominiums and townhomes, retail, office space, a hotel, mass-transit parking and an oak tree-filled park featuring a historical coral stone home. This venture will be developed with Pinnacle's venture partner, RAM Development.
Located between Interstate 95 and a Tri-Rail station in the City of Hollywood, the Village blends interdependent mass-transit, housing and employment centers in a compact area, to create an economically viable community that will be a desirable place to live, visit, work and shop.
Sheridan Stationside Village is believed to be the first development to be constructed under Broward County's new Transit Oriented Development land-use designation, which is reserved for mixed-use communities that are adjacent to and encourage the use of mass transportation for residents and visitors.
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