Stiles Completes $8.25M Land Acquisition for 384-Unit Multifamily Development in Plantation

Stiles, in partnership with FCA Partners, has completed the acquisition of 4.88 acres at 8201–8151 Peters Road in Plantation, Florida, for $8.25 million to develop a new 384-unit multifamily community. The real estate acquisition closed on January 9, 2026, with the site purchased from Vanderbilt Office Properties and C-III Capital Partners.

The real estate development, named Plantation Crossroads, will feature an eight-story mid-rise building totaling approximately 391,747 square feet with structured parking and extensive amenities designed to meet growing housing demand in the City of Plantation.

Multifamily Real Estate Development Details

Plantation Crossroads will deliver 384 apartment residences with a comprehensive suite of lifestyle-focused amenities. Planned features include a resort-style pool, fitness center and spa, co-working office space, club room, sky lounge and garden, pickleball courts, dog park and pet spa, a 24-hour sundry shop, and a garden and event lawn.

"The City of Plantation has experienced meaningful job growth in recent years, driving increased demand for high-quality rental housing," said Jon Auerbach, President of Stiles Residential Group. "Having been active in Plantation for decades, Stiles has a deep understanding of the market and a long-standing commitment to the city's success."

Strategic Location and Market Context

The multifamily real estate site is located along Peters Road with immediate access to Interstate 595, offering a highly connected, walkable setting near grocery-anchored retail real estate, dining, entertainment, and neighborhood services. The development is within a 20-minute drive of Downtown Fort Lauderdale and Fort Lauderdale-Hollywood International Airport.

Auerbach noted that "Plantation Crossroads reflects our continued investment in the community and goal to deliver a well-located residential development that supports workforce housing needs while contributing to the long-term vitality of the surrounding neighborhood by adding much-needed residential density to support local businesses in the Midtown Plantation area and surrounding community."

The development is positioned to attract professionals seeking convenient access to major employment centers.

Construction Timeline and Development Team

Stiles Construction will serve as general contractor for the project, with MSA Architects leading architectural design. Vertical construction is expected to begin in the first quarter of 2027, with an anticipated opening in late 2029.

Stiles' Market Presence

The Plantation multifamily real estate acquisition represents Stiles' continued investment in the community. Auerbach emphasized the firm's decades-long activity in Plantation and commitment to the city's success, noting that the development supports workforce housing needs driven by the city's recent job growth.