The vacant lots, old warehouses and dilapidated housing that have long characterized much of urban Fort Lauderdale are disappearing quickly. Revitalization of the area known as Flagler Village, west of U.S. 1 and sandwiched between Broward Boulevard and Sunrise Boulevard, got started a few years ago with FAT Village, (Flagler Arts and Technology), a strip of old warehouses that has been converted into galleries, performance spaces and hip businesses that cater to millennials.
Developers have followed, and now the roughly 300-acre neighborhood has 42 projects either in the planning stages or under development. Most are rentals aimed at young professionals, but there are also condo projects like Flagler 626, a 12-story tower at 626 Northeast First Avenue, which is expected to have 97 units including three townhomes at an average price of $350 per square foot. The project, which is in the final stages of the approvals process, is being developed by Israeli investors BRYL Development, LLC, and designed by Stewart Robin of Nest Plan. Units will range from studios to one-and two-bedrooms, with 671 square feet to 1,580 square feet. Author: James Teeple. Source. The Real Deal. Learn more…
June 29, 2016
ARTICLES, Commercial Real Estate