Sirrom Commercial hopes to move one step closer to accomplishing 1435 ArtXchange, a mixed-use project in Fort Lauderdale. The city’s Community Development Agency (CRA) board will consider a $6 million forgivable loan for the workforce housing development which, upon completion would deliver 71 apartments, 5,844 square feet of commercial bays (five total), and a 218-spot parking garage. The meeting will take place May 21st.
Residences at the six-story 1435 ArtXchange would range from 499 to 922 square feet each. Of the 71 total units, two would be studios, 53 would be one-bedroom units, 14 would be two-bedroom units, and the remaining two would be live/work units.
The six-story venture would replace a vacant commercial building. Image via Google Earth
Per the South Florida Business Journal, four units are set aside for those earning up to 80 percent of the area median income (AMI). Another four will be reserved for those earning up to 100 percent of the AMI. The remaining 63 apartments would be for those making up to 120 percent of the AMI.
The publication notes that the median household income in Broward is $82,100. That’s not too far off from the median household income in Fort Lauderdale, which the U.S. Census reported as $75,376 in 2022.
Design2Form is the architect. As noted, Sirrom Commercial is the developer. The project’s estimated cost is $27.92 million.
1435 ArtXchange would replace a vacant commercial building located on the 20,810-square-foot build site. The venture’s address is 1429 to 1435 Sistrunk Blvd., Fort Lauderdale, FL, 33311, in Broward County.
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How do I apply for one of these apartments
218 parking spaces for 71 apartments is ludicrous especially housing near bus and rail lines. This is a waste of money and space. Surely, zoning laws are not requiring this many parking spots…
What is the website to fill out application