Flagler Village Multifamily Development Opportunity
Land | 29,000 SqFt
Marketing description
Offering consists of a high density vacant land parcel comprising approximately 29,000 SF zoned RAC-CC( Regional Activity Center ) in the heart of the fast growing Flagler Village downtown market. The property is fully entitled through Fort Lauderdale’ s Development Review Committee(DRC) for a 43 story , 388 unit multifamily development. The entitled units ARE NOT subject to the new City of Fort Lauderdale Affordable Housing surcharge( currently $10,600 per door) and are approved for market rate units. The property is located in close proximity to the downtown core, Las Olas Boulevard and the new Brightline Train Station. Ownership will consider short term seller financing as well as potential JV opportunity with a qualified development group.
Investment highlights
Fully entitled for 388 units in a 43 story tower
Approved units are not subject to the $10,600 per door affordable surcharge for market rate units
Designed by world class architecture firm Humphrey and Partners
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