City Announces Date for Demolition of Coral Springs Financial Plaza

January 12, 2021 • By Sharon Aron Baron

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Coral Springs Financial Plaza. {Photo by Sharon Aron Baron}

By Sharon Aron Baron

After much anticipation of the Financial Plaza’s future demolition, the City of Coral Springs a date.

Demolition of the Financial Plaza will start on Monday, January 18, with the decommissioning of existing elevators and interior areas of the building, followed by the capping of water and sewer systems. The exterior demolition will be managed safely in sections starting in early February, with the site to be fully razed by early May 2021.

Property Developer Rod Sheldon of Predesco Property Investments plans to host a groundbreaking ceremony, welcoming the first phase of construction for Mill Creek, a 352-unit residential property, upon completing the demolition.

“We are so pleased to have closed on the property with Mill Creek and start demolition of the Financial Plaza. Regardless of the pandemic, Predesco Property Investments has received great interest from companies looking to relocate to Downtown Coral Springs to be part of Cornerstone,” said Sheldon.

In addition to residential construction, Sheldon looks forward to constructing medical office suites, space for retail, entertainment, and a 138-room high-end hotel.

Mill Creek’s construction is expected to be complete by the start of Summer 2023, with additional construction of Cornerstone running concurrently.

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Sharon Aron Baron

Editor of Talk Media and writer for Coral Springs Talk. CST was created in 2012 to provide News, Views, and Entertainment for the residents of Coral Springs and the rest of South Florida.