CRA Board Accepts Ranking of RFP Committee for Future Development
On November 7, 2024, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners, accepted the ranking of the Request for Proposals (RFP) Evaluation Committee for the purchase and development of CRA property located at 790 Sistrunk Blvd. The CRA Board also approved a $5 million Non-Forgivable Development Incentive Program (DIP) Loan to Sistrunk View, LLC, the top ranked proposer. The developers proposed project, called " Sistrunk View" entails an attractive, modern design six-story building with a minimum of 75 to 106 apartments, over 10,000 square feet of amenity space, 5,700 square feet of commercial space, and structured parking. The mixed-use building will be comprised entirely of affordable housing for persons with incomes between 30% and 80% AMI (Area Median Income) with 75% of the apartments as one bedroom, one bath units and 25% of the...