MMG EQUITY PARTNERS SECURES ADDITIONAL TAX ABATEMENT FOR RESIDENCES AT PLANTATION SQUARE MIXED-USE COMMUNITY WITH AFFORDABLE HOUSING COMPONENT
Broward County-Approved Tax Abatement Allows for up to $6 million in TIF Incentives Over
Time, Based on Future Property Tax Revenues Generated by the Project
PLANTATION, Fla. (Dec. 22, 2025) — Building on a previously approved tax abatement from the City of Plantation, MMG Equity Partners has secured an additional tax abatement from Broward County to advance development of Residences at Plantation Square, a mixed-use community in Plantation, FL, featuring luxury apartments with a workforce housing component, ground-floor retail, and a new Bank of America branch.
The County-approved agreement provides up to $6 million in TIF incentives over a period of up to 30 years to help address the County’s affordable and workforce housing needs through reinvestment of future tax revenues generated by the project.
In August 2025, MMG Equity Partners secured $6 million in TIF incentives from the City of Plantation in conjunction with site plan approval.
The eight-story development will rise on a portion of the 10.4-acre site known as Plantation Square at 8190 W. Sunrise Blvd. The project will feature 307 apartments, a six-story parking garage, and numerous amenities including a clubhouse, co-working space, fitness center, and pool. As part of the agreement, MMG Equity Partners will deliver 123 workforce housing units, 77 reserved for households earning up to 80% of the area median income and 46 for those earning up to 120%.
“We appreciate the County’s support and are proud to partner with local leaders to help address affordable and workforce housing needs while delivering a thoughtfully planned development that benefits residents, businesses, and the broader community,” stated Marcos Puente, principal, MMG Equity Partners.
Groundbreaking is slated for summer of 2026.
The Residences at Plantation Square will replace the Bank of America building with a new 6,303-square-foot Bank of America branch. Unit mix will include 89 studios, 101 one-bedrooms, 103 two-bedrooms and 14 three-bedrooms, designed by MSA Architects of Miami. The project also includes 540 parking spaces with a waiver for reduced parking, as well as setbacks and floor area modifications to align with urban design goals. The new apartment building and bank will seamlessly connect to the adjacent Shops at Plantation Square, MMG Equity Partners’ 69,000-square-foot neighborhood shopping center along University Dr., which recently completed a $4 million renovation to enhance dining, retail and daily conveniences for the community.
Located at the intersection of W. Sunrise Blvd. and N. University Dr., the Residences at Plantation Square is just minutes from I-595 and Broward Blvd., surrounded by a dense residential base and strong daytime traffic.
The project represents MMG Equity Partners’ strategic expansion into residential and mixed-use development, leveraging its retail expertise to integrate multifamily components alongside existing shopping centers or through the redevelopment of underutilized retail to meet evolving market demand. The firm is currently working on residential developments in North Miami and West Kendall. With more than two million square feet of commercial retail properties under management, MMG Equity Partners continues to expand its portfolio across Florida through value-driven real estate investments and community-focused development.
About MMG Equity Partners
MMG Equity Partners is a privately-owned real estate investment company focused on long-term ownership, management, development, and acquisition of commercial properties in Florida. MMG is also the sole owner and developer of Tamarack Resort, a four-season and ski resort master planned for 2,200 residential units in Idaho. Prior to MMG, its principals led Navarro Discount Pharmacies. For more information about MMG Equity Partners, please visit www.mmgequitypartners.com
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