1,600 Units Planned On 40-Acre Galleria Mall Property

Keystone-Florida Property Holding Corp., owner of the Galleria Mall, announced a $1 billion plan to develop the land surrounding the mall.

If approved by the city of Fort Lauderdale, up to 1,600 residential units could be built in a phased development. It would also include 150 hotel units and senior apartments. The project would be spread among seven buildings, inclduing a 45-story tower, the tallest in the city.

The mall itself has been struggling for years, but sits on a potentially valuable 4- acre parcel of land.