US CAPITAL HOLDINGS ACQUIRES MERRITT FLOWER SHOP PROPERTY FOR DEVELOPMENT OF 321 NORTH MIXED-USE LIFESTYLE DESTINATION
PLANTATION (May 30, 2013)--U.S. Capital Holdings Group (USCHG) has purchased former Merritt Flower Shop parcel adjacent to 321 North as it moves forward with its $400 million project in the urban center of Plantation.
The company is transforming the former Fashion Mall into a vibrant live, work, play, stay environment. Once completed, 321 North will provide a broad mix of entertainment, dining, retail, cultural, residential and office opportunities to residents of west Broward County and all of South Florida.
The additional land will give us more frontage on University Drive, said Wei Chen, CEO of USCHG. The former flower shop will remain standing until we are ready to build in the northeast corner of 321 North.
ABOUT U.S. CAPITAL HOLDINGS
Plantation-based U.S. Capital Holdings is part of a group of related companies (the U.S. Capital Holdings Group or USCHG) that was initially formed in 2004 as a vehicle for investing funds originating in China into US based real estate. The companys business model is to invest in undervalued assets that can be improved through changes in strategy, management and repositioning. It includes in its portfolio the former Plantation Fashion Mall, which is being transformed into a live, work, shop, play, stay destination to be known as 321 North.