News

08 Nov

On November 7, 2023, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved a $10 million incentive to Sunshine Shipyard, LLC for the Arcadian Project, located at 640 NW 7th Avenue. The Arcadian is a new mixed-use development currently  under construction  at the northeast corner of  Sistrunk Blvd and  Avenue of the Arts (NW 7th Avenue).  The project will consist of  two eight -story buildings with 480 residential units, 5,235 square feet of ground floor commercial space and  a parking garage with 606 spaces.  Of the 480 units, 48  will be set aside for affordable housing for residents with incomes less or equal to 100% of the Broward County median family income . The residential units set aside as affordable will include 10 studio units renting for approximately $1,680/month, 28 one bedroom-one bath units...

20:12 / News
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07 Jul

On June 6, 2023, the Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners approved   $402,696 in CRA incentives  to 825 Progresso Drive, LLC for the development of the Progresso Park project located at 825-833 Progresso Drive. The proposed project consist of the redevelopment of a former dilapidated used car lot into an indoor/outdoor venue offering yoga, fitness, art, food, market, music, and family-oriented recreation during the day  and young professional recreation during the evening hours. Plans for the Progresso Park  entail refurbishing  the  existing  site with  shipping containers or similar preconstructed structures, along with renovating  a building  for restaurant use. The containers  will be available for lease to small business/retail establishments and will also be utilized for restrooms and storage space. The total leasable area will be approximately 2,500 square feet. The site will also...

14:51 / News
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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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