09 Dec CRA Board Approves Incentive for New Mixed-Use Commercial Development Project
On December 7, 2021, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners, approved a resolution for a $4,000,000 Development Incentive Program (DIP) loan to 909 NW 6th St. LLC for a mixed-use commercial development project located at 909 Sistrunk Blvd.
The proposed project consist of a four-story contemporary style mixed -use development that will include 76,000 square feet of commercial space. Commercial space uses include:
3,335 square feet of restaurant, food and beverage
7,660 square feet of retail
18,442 square feet of office space
2,865 square feet of common area
44,658 square feet for a parking garage with more than 80 parking spaces
The developer, 909 NW 6th St. LLC, is an affiliated company of Fuse Group Investment Companies who has been investing in the Sistrunk area for the last four years. The Fuse Group has successfully renovated “The Pharmacy” (900,914 and 930 Sistrunk Blvd) and “The Provident” ( 612 NW 9th Avenue) buildings for new commercial uses. They have also made a major investment in properties on the north and south sides of Sistrunk between NW 8th Avenue and NW 9th Avenue, along NW 7th Avenue, and at the northeast corner of Sistrunk Boulevard and NW 7th Avenue for redevelopment. The Fuse Group Investment Companies total property investment in the area to date is over $13 million.
Their vision for the proposed project at 909 Sistrunk Blvd is a first-class modern work, lifestyle, and entertainment center that will attract business drivers and inspire them to create and facilitate additional business development. This grand vision includes workspace, business think tank, restaurants, entertainment, yoga and holistic center and boutique stores with a strong engagement from the community . The developer has estimated that the new building will create 150 jobs consisting of 16 in the food and beverage field, 8 in retail, 123 in office and 4 in property management and maintenance.
Consistency with the NPF CRA Community Redevelopment Plan
The Northwest-Progresso- Flagler Heights CRA (NPF CRA) Community Redevelopment Plan is designed, in part, to stimulate private development of areas planned for commercial development. The 909 Sistrunk Blvd project is consistent with the NPF CRA Community Redevelopment Plan which provides for direct physical improvements to enhance the overall environment, improve the quality of life and attract sound business and commercial development that provide employment and job opportunities. For more information on incentives, visit www.fortlauderdalecra.com.