The Related Group celebrates the opening Thursday, Dec. 12, of a 197-unit apartment complex in Plantation.
The Manor is a mid-rise rental featuring one- and two-bedroom units just north of Broward Boulevard between Pine Island Road and University Drive.
The apartments range from $1,450 to $2,300 a month.
Miami-based Related has 2,000 rentals under construction, primarily in Broward and Palm Beach counties, said Jon Paul Perez, the son of Related founder Jorge Perez.
The company expects to break ground on 1,500 more apartments next year.
Related built thousands of condominiums across South Florida before struggling amid the housing downturn. It’s back building more condos but also wanted to diversify and take advantage of the growing rental market, Jon Paul Perez said.
Perez expects the Manor to be fully leased by next spring. Thursday’s event begins at 9:30 a.m. at the complex, 601 NW 82nd Ave.Copyright © 2015, The Baltimore Sun