Atlanta developer buys a block in Flagler Village for $23.2M

Bird's-eye rendering of Flagler 626, one of many developments in the Flagler Village area.
Bird's-eye rendering of Flagler 626, one of many developments in the Flagler Village area.

An Atlanta-based company paid $23.2 million for an entire block, parcel by parcel, in the fast-developing Flagler Village area just north of downtown Fort Lauderdale.

The Sun-Sentinel also reported that the buyer, ArchCo Residential LLC, plans to develop a complex of apartments and street-side stores on the block, which is bordered by North Andrews Avenue, Northeast 1 Avenue, Northeast 5 Avenue and Sistrunk Boulevard.

Chris Larsen, president of the Flagler Village Civic Association, owned the last unsold parcel on the block before he selling it Jan. 23 for $5.25 million. His property had been assessed for property taxes at $250,000. ArchCo Residential chief executive officer Neil Brown told the Sun-Sentinel that “everyone on the block did very well.”

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

ArchCo isn’t the only developer paying seven-figure prices for property in the hot Flagler Village area. For example, Investors led by Walnut Street Capital, LLC, recently paid $1.046 million for two Flagler Village properties at 611 and 617 Northeast Fourth Avenue.  [Sun-Sentinel] Mike Seemuth