If you are interested in Coral Springs Real Estate, here is some information about the city.
Coral Springs is a city that is located in Broward County in Florida, in the United States. It is about 20 miles northwest of Fort Lauderdale. This city was chartered on July 10th, 1963. According to the United States Census records of 2010, Coral Springs had a population of 121,096. It is considered to be part of the Miami-Fort Lauderdale-Pompano Beach Metropolitan Statistical Area, which had a population of 5,564,635 as of 2010.
The master plan of Coral Springs was mainly developed by Coral Ridge Properties, or WCI Communities which it now known as. This company is a division of Westinghouse. The company name was what inspired the name of the city. Regardless of its name, no springs are located in this city, as they are found in the Northern and Central portions of the state.
The city grew quickly throughout the 1970s, 1980s, and 1990s, with an increase of 35,000 residents in each decade. There are stringent codes that are designed for the aesthetic appeal of the city, making Coral Springs one of the more distinctive cities in South Florida. The government’s fiscal management has maintained bond ratings that are high. Coral Springs has received praise for having a low crime rate, family-friendly atmosphere, and its overall livability.
Coral Springs is known as a planned community. Before July 1963, this area that the city sits on was combined with 20,000 acres of marshy lands that were purchased by Henry Lyons between the years of 1911 and 1939. When floods occurred in 1947, the Central and Southern Florida Flood Control District was created. This is now called the South Florida Water Management District. Levees and canals drained the water from the area on which Coral Springs was built. Once this land was drained and cleared, much of it was utilized as a bean farm. When Lyon died in 1952, his heirs focused on cattle instead.
Developers became interested in this area when there was a boom in real estate after World War II. 3,869 acres of the Lyons family’s land was purchased for $1 million on December 14th, 1961 by Coral Ridge Properties, who had many developers in Broward County already. Some other names that were considered for the city were “Pompano Springs”, “Quartermore”, and “Curran Village”. Coral Ridge Properties had developed a city plan in 1964 that would accommodate 50,000 residents. In July of that year, 536 building lots sold for $1.6 million. A landmark covered bridge was constructed that year in order to promote the town. The company bought another 6,000 acres from the Lyons Family in 1965. In 1967, the city’s first government elections were held.
The city continued to grow with the addition of a regional mall, shopping centers, 19 public schools, and parks during the end of the 20th century. Growth continued when the Sawgrass Expressway was constructed in 1986. As recreation needs increased, a theater and museum were opened in the 1990s. In 2003, the city hit residential build-out, and it close to reaching commercial build out as well.
In 2006, Money Magazine named Coral Springs as the 27th best city to live in the United States. In 2007, Morgan Quitno named it the 10th safest city in the United States. Also in 2007, it became the first local or state government in the country to be granted the Malcolm Baldrige National Quality Award. In 2008, the city was praised again when it became a three-time winner of America’s Promise “100 Best Cities for Young People” award. In 2010, Coral Springs was named 44th best place to reside in the country by CNNMoney.com.