Broward approves Related’s mixed-use project in Flagler Village

Gallery at FATVillage would have 150 units set aside as workforce housing

Dec.December 13, 2017 05:30 PM

Rendering of Gallery at FATVillage

The Miami-based Related Group joined FATVillage partners Doug McCraw and Lutz Hofbauer in securing approvals for a mixed-use project near Fort Lauderdale’s trendy Flagler Village neighborhood.

The Broward County Commission approved plans for the Gallery at FATVillage on Tuesday, a Related spokesperson confirmed. As planned, the 14-story, 168-unit project will include about 4,000 square feet of ground-floor retail space and a nearly 200-space parking garage.

Out of the 168 apartments, 34 will be set aside for families earning less than 50 percent of the area median income (AMI), 116 units will be for families earning less than 120 percent of the AMI, and 18 will be market-rate rentals.

Units will range from studios to two-bedrooms, according to a statement from Related Urban, the firm’s affordable housing division. Amenities will include a fitness center, club room with a kitchen, swimming pool and live/work artists studios.

Broward County will lease the 1.1-acre site to the developer, according to the South Florida Business Journal. The 60-year lease calls for an initial payment of $300,000 to the county, plus a portion of the net proceeds from the commercial space and a minimum base rent of $25,000.

The city of Fort Lauderdale will need to approve the plans before the development can move forward. – Katherine Kallergis

Related Articles

Matthew Rieger and a rendering of Village View

HTG scores financing for Fort Lauderdale senior affordable housing

Carlos Rodriguez Sr., Carlos Rodriguez Jr. and a rendering of Home 2/Tru by Hilton

Driftwood, Merrimac close first Opportunity Zone deal in Flagler Village

421 Northeast Sixth Street and Henry Pino

Alta scores $128M loan for Flagler Village apartments

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Noah Bachow and a rendering of Flagler Creative

Fort Lauderdale urges redesign of Flagler Village project with co-living

Daily Digest Miami

1111 Lincoln inks retail lease with Yoyoso, Miami-Dade and Related Urban reveal massive affordable housing plan

Daily Digest Miami

Jeffrey Soffer taps ex-Turnberry CEO to lead resi division, PMG and Greybrook big loan for co-living tower: Daily digest