Fort Lauderdale Real Estate | Construction Boom in downtown?
A recent article in the Miami Herald state that signs are there for a downtown Fort Lauderdale Construction boom. Developers are proposing to construct 10 different projects with nearly 3,050 rental units, yes rental units. Some of these projects will be in the downtown area of Fort Lauderdale in Flagler Village sometimes referred to as FAT Village (Flagler Arts and Technology). The projects stretch from Sunrise Blvd south all the way to State road 84 and the Intracoastal waterway west to NW 7th and SW 4th Avenues.
The proposed developments include:
RD Flagler Village – 382 Units
Pearl at Flagler Village – 327 units
Marina Lofts – 1,031 units
New River Yacht Club – 256 units
New River Village Phase III – 209 unitsDevelopers have already completed one project on North Andrews Avenue called Progresso Point Tower.
These are just a few of the 10 projects proposed. It is unclear according to the Miami Herald how many of these projects will actually be approved for construction. As many of you know Fort Lauderdale has strict guidelines for approving projects, not letting too many units being built per year to control the growth which I think is why were in much better shape here than other counties around us. Prices per square foot for resales have also gone up for Fort Lauderdale condos, more detailed information on that as well in the Miami Herald Article.
For the full article from The Miami Herald
on The Construction Boom in downtown Fort LauderdaleDale Palmer & Associates would be glad to show you any of the condo
buildings in the city of Fort Lauderdale,
please contact-us today for your private showing.To view active listing for sale, please see our page Fort Lauderdale Condos
or our other page for all Fort Lauderdale Real Estate.