MMG Equity Partners Secures Approval and Incentives for Plantation Apartments Development

MMG Equity Partners, led by developer Manuel Marin, has successfully obtained site plan approval and $6 million in tax incentives for its planned Residences at Plantation Square project. The eight-story, 307-unit multifamily development will be part of MMG's larger 10.4-acre Plantation Square mixed-use development located at 8190 West Sunrise Boulevard. The Plantation City Council granted approval to the developers at its Wednesday meeting, marking a major milestone for MMG. This comes after the developer previously secured a land use change and rezoning for the 5.5-acre site in April. As part of the agreement reached with the city, 123 units will be reserved for workforce housing, with 77 units set aside for households making up to the area's median income. This move is in line with MMG's goal of providing affordable housing options in the area. Marin stated, "We are committed to creating a community that is accessible to all income levels, and we are grateful to the city of Plantation for recognizing the importance of this project." However, some critics argue that the tax incentives and reserved units are not enough, as the development will still bring in more luxury housing to an already gentrified area. Despite the controversy surrounding the project, MMG has navigated through the approval process smoothly, with the help of lobbying firm Ballard Partners. The firm has a track record of successfully securing approvals and incentives for developers in the area, including MMG's previous land use change and rezoning approvals. This raises questions about the influence of lobbying in the development process and the true intentions behind the city's decisions. Accurate, fact-checked rewrite of the article. Originally reported by The Real Deal: https://therealdeal