CORAL SPRINGS, FL – The date for the planned demolition of the downtown Coral Springs Financial Center hasn’t been determined yet.
Earlier this month, a Boca-Raton development company submitted plans to the City of Coral Springs to raze the aging building at the intersection of University Drive and Sample Road. Officials have reviewed the plans, but have not yet issued a demolition permit due to questions and comments about the plans.
“The contractor is addressing those comments before submitting for permitting. They will be applying for the demo permit before June 1,” city officials said in a statement.
The financial center building is expected to be replaced with the long-awaited Cornerstone project by Predesco Property Investments. If all goes as planned, the complex would have 352 luxury apartments, 125 hotel rooms, eight restaurants/pubs, entertainment/athletic-related businesses, and roughly 200,000-square-feet of new office space.
City officials and business leaders see Cornerstone as a way to attract new crowds to the mostly sleepy downtown.
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