CRA Board Approves a $6 million Incentive for the1435 ArtXchange Mixed-Use Project
On June 4, 2024, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a CRA Development Incentive loan to Sirrom Commercial, Inc., for the 1435 Art Xchange mixed-use project to be located at 1429-1436 Sistrunk Boulevard. The project will replace a vacant commercial building located along the core of the Sistrunk corridor and create a critical mass and “epicenter” of new development next to the new L.A. Lee YMCA Mizell Community Center. The six-story, mixed-use development will provide seventy-one (71) affordable rental housing units with commercial / community space and covered parking. The high quality, energy efficient housing units will be affordable to households earning less than 120% of the Area Median Income (AMI), with 4 units affordable to households earning less than 100% of AMI, and 4 units affordable to households making less...