CRA Board Approves Funding Increase for Mixed-Use Development on Historic Sistrunk Blvd
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...