Author: CRAStaff

06 Jul

On June 6, 2023, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a resolution  to increase  CRA Development Incentive Program loan funding from $1,500,000 to $1,900,000 to Related FATVillage, LLC for the Gallery at FAT Village Project. The Gallery at FAT Village Project is  located  in Fort Lauderdale’s  Flagler Village neighborhood at 600 Andrews Avenue.  The project  will consist of  a 16-story mixed-use and mixed-income development with 263 multi-family residential units and 2,394 square feet of ground floor retail.  Of the 263 residential units, 53 units will be leased at 50% of the area median income (AMI) and 97 units will be leased at 120% AMI with the remainder (113 units) leased at market rates. It should be noted this is a change from the previously approved plan, resulting in an overall increase...

18:33 / News
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14 Jun

On June 6, 2023, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved  a Resolution for a $2,000,000 Development Incentive Program forgivable loan to New Hope Development Corporation for the New Hope Affordable Housing Development located at 1316 Sistrunk Boulevard. The New Hope Affordable housing project is a four-story development with thirty (30) rental apartment homes and ground floor parking. The apartments average 900 square feet and are all two bedrooms each, hold two bath units with a kitchen, living room, dining area and outdoor balcony. Unit amenities include ceramic tile floors and wall to wall carpeting, kitchens with designer crafted wood cabinets and natural stone counter tops and breakfast bar, Energy Star stainless steel appliances, stylish bathrooms, high efficiency AC and heating, ceiling fans in bedrooms and living room areas, LED lighting, and...

17:14 / News
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12 Jan

On January 10, 2023, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved an additional $1 million in Development Incentive Program (DIP) funding to Thrive Development Group, LLC for the development of the Thrive Progresso project. Thrive Progresso is located in the industrial portion of Fort Lauderdale’s Progresso Village neighborhood, fronting both sides of NW 5th Avenue between NW 7th Street and NW 8th Street. The project, which is currently under construction, has been described as the new Wynwood in Fort Lauderdale turning undesirable uses and urban blight into a  mixed use business, culture and entertainment destination. Prior to the renovations, the buildings were occupied by auto repair garages, paint and body shops, rag shops and other uses that had a negative impact and contributed significantly to the slum and blighting conditions in the...

17:02 / News
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07 Dec

On December 6, 2022, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a funding increase  to Wright Dynasty, LLC for the construction of a  new mixed-use development that will provide affordable workforce housing on historic Sistrunk Blvd. The funding increase, from $3 million to $3.5 million is being provided in the form of a forgivable loan from the CRA's Development Incentive Program to assist the developer with building expenses. The proposed project is a six-story building, located at 1217-1223 Sistrunk Blvd and will include 5 commercial units  on the ground floor , two floors of covered parking and 24  residential rental units. Each residential unit will  include an oversized balcony or terrace, energy efficient appliances and range in size from 606 to 696 square feet  for  a one-bedroom/ one bath unit  to 1,070...

19:02 / News
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07 Nov

On November 1 , 2022, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a Development Incentive Program Loan to Related FATVillage, LLC  in the amount of $1,500,000 for the Gallery at FAT Village. The Gallery at FAT Village is a new construction, mixed- use, mixed-income, rental housing development located  in Fort Lauderdale's  Flagler Village neighborhood at 600 Andrews Avenue. The project will feature a 12- story tower with 195 residential rental units, 2,500 square feet of retail space, and a 4-level parking garage with 226 parking spaces. Amenities such as  a gym, resort style pool, sun tanning deck, gathering room, and leasing office are also included.  Units will also have stainless steel appliances, expansive kitchens, balconies, chrome plumbing fixtures, and high-speed internet. The mixed-income development will bring much needed affordable and workforce housing to...

16:30 / News
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