Of the 54-acre Town Center site, 14-acres house the majority of the public uses (City Hall; Community Library-Education Center; Cultural Center - ArtsPark) and the remaining 40-acres are generally slated for private development.
On February 16, 2005, the City Commission approved the sale of the 40-acre private parcel to the joint partnership of the Rockefeller Group Development Corp/Kimco Realty (Rock-Kim Miramar). The private development was programmed to contain approximately 150,000 square feet of retail and fitness, 85,000 square feet of office and 504 residential units (134 townhouses, 370 garden apartments). These components were essential to fulfill the mixed-use Town Center vision.
To date, four of the six private development blocks have been completed and one is in the late stages of construction. There is currently 96,000 square feet of existing retail space and 45,000 square feet of built office inventory.
In 2012, Rock-Kim sold the land slated for residential to Mill Creek Residential Trust, LLC. Construction of the residential units was completed by early 2015. In late 2015, Mill Creek Residential sold the Modera Town Center Apartments in the Miramar Town Center to a New York firm for $120 million.