Fort Lauderdale’s downtown area is becoming the region’s latest hot spot. A downtown that for years only had two hotels is now adding a number of brand-name hotels offering everything from luxury to affordable chic. In the transportation sector, Brightline now provides train service linking Fort Lauderdale to Miami and West Palm Beach with a 30 minute express ride between each city. The burst of downtown development has resulted in thousands of apartments and condominiums just built, under construction, or waiting for approvals. Downtown growth has also been fueled by changes in the workforce. The legal, banking and financial industries are now supplemented with new tech and startup companies.
As the population continues to grow, a number of new projects have been proposed. One such project is Riverparc Square at 501 S. Andrews Ave. It’s a three tower project consisting of 790 rental apartments, 297 hotel rooms, 44,000 square feet of retail space and 300,000 square feet of office space.
On another downtown site formerly occupied by Broward College, Stiles Corporation is currently building The Main Las Olas, a transformative, “1.4 million square foot, mixed use office, residential and retail community featuring stunning high-end architecture, class A offices, chic residences and destinations for gathering dining and shopping,” according to the website for the project.
Another project underway is a 33 unit residential development called the Forge Lofts at FAT Village. FAT Village is a four block area just north of downtown Fort Lauderdale and this project is unique in that it’s targeting buyers instead of renters.
Redevelopment is also reaching areas west of the FEC railroad tracks including Progresso Village and Sistrunk Boulevard. The city commissioners gave tentative approval to rezone vacant land west of the tracks to allow development of a seven-story project called Icon 0706. They are also considering a major housing complex to be built at Northwest Seventh Avenue and Sistrunk Boulevard.
Best wishes for a Happy Holiday and Happy New Year!