Affiliated Development is moving forward with a residential venture in Broward County. At full buildout, the Era Apartments would offer 400 homes, 3,650 square feet of retail, and 549 parking spots. Presently, the Fort Lauderdale-based developer is requesting $5.5 million from the county to include workforce housing as part of the project.
A 30-story mixed-use building named Flagler Village Residences at 500 Northeast 3rd Avenue in Fort Lauderdale has been proposed for development. Designed by Corwil Architects and WSP serving as the structural engineer, along with Within Hults + Partners as the landscape architect, this project is being developed by Miami-based 13th Floor Investments. The 320-foot-tall structure is expected to yield 602,604.50 square feet of space. This includes 345 multifamily residential units, 3,645 square feet of commercial uses, and 512 structured parking spaces. The Site Plan Level II application for this project is scheduled for review by the Development Review Committee on January 9.
The Fort Lauderdale Downtown Development Authority (DDA) has secured a $8.75 million construction loan to renovate Huizenga Park in downtown Fort Lauderdale. The DDA requested proposals seeking lenders to fund the Huizenga Park capital improvement project. After a thorough selection process, Synovus Bank was chosen as the best partner for financing the construction project, which is set to start in 2024.
Karu, an 8,380-square-foot nightclub in Miami, could be replaced with a high-rise complex. The 1000 Marina Mile Apartments would rise 15 stories above grade, offering 283 units and requiring more than 515,000 square feet of new construction.
In a landmark development for Fort Lauderdale’s urban fabric, a groundbreaking mixed-use project in the downtown area has recently obtained a substantial $220 million construction loan. This crucial funding, provided by Little Rock, Arkansas-based Bank OZK on December 26, is set to support FAT Village Project LLC, a Houston-based real estate development company Hines subsidiary. This development marks a significant step forward for the project, reflecting the burgeoning vitality of Fort Lauderdale’s real estate sector.
