Approved Flagler Village Development Site - 203 NE 3rd St
Land | 0.66 acres
Marketing description
Prime development site in downtown Fort Lauderdale comprising .66 acres. Currently approved through DRC for the development of an upscale 48- story , 429 unit multifamily building with a 2,711 SF retail / restaurant plaza. Designed by the noted architectural firm of FSMY, the building presents a near shovel ready opportunity to develop a high rise, signature building in the booming Flagler Village market.
The property is within walking distance of the downtown core of Fort Lauderdale, Las Olas Boulevard and the new Brightline Train Station. The new $500 million Hines T-3 FAT Village complex is one block west and comprises multifamily apartments, 73,000 SF of curated food and beverage offerings, shopping , entertainment , art studios and galleries along with 176,000 SF of Class AA office space scheduled for completion in 2027.
Experienced institutional seller will consider short- term seller financing as well as potential JV opportunity with qualified developers with proven track records.
Investment highlights
Prime .66 acre Development Site in booming Flagler Village market in downtown Fort Lauderdale. The site is approved through the Fort Lauderdale Development Review Committee ( DRC) for the construction of a 48- story tower containing 429 units.
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