The developer of Urbania Flagler 1st has recently secured a multi-million-dollar construction loan to help make the project possible.
Goldman Sachs Bank USA provided a $27.71 million construction loan to 626 Flagler LLC; the latter firm is a partnership between Continua Developments and SP Developments. Construction started on the 11-story venture earlier this year, with completion slated for summer 2026.
Upon opening, the community will feature 110 apartments, along with a host of communal amenities, including a swimming pool, co-working area, and gym. There would also be about 3,750 square feet of retail and a 131-spot parking garage. Jaxi Builders is the general contractor; G3 AEC is the architect.
Prior to groundbreaking, the site was vacant. Image from Google Earth
Prior to the start of construction, the 0.62-acre build site was vacant. 626 Flagler LLC purchased the parcel for $5.32 million in 2022. RRAC Flagler 626 LLC was the seller, and the site nearly doubled in value since last trading hands in 2018.
As noted, Continua Developments is one of the project’s developers. The organization has another Florida-based project in its pipeline: Urbania NoMi 125st, a 195-unit venture in Miami-Dade County. The project is unique in that it will offer 3,450 square feet of enclosed indoor amenity space and a swimming pool/deck spanning more than 13,000 square feet.
Urbania Flagler 1st is unfolding at 626 N.E. First Ave., Fort Lauderdale, Florida, 33304, in Broward County.
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We need the housing, but the design is quite uninspired and looks dated. Ugly podium to boot. They can and should do better. Even the landscaping is bad. The City Ft. Lauderdale needs a design review committee and better design codes to improve the pedestrian experience and beautify the city with these new developments.