Another hotel, more residential units and plenty of commercial space is coming to downtown Fort Lauderdale. A planned mixed-use development in the Flagler Village neighborhood will soon seek site plan approval from the city of Fort Lauderdale. Above is the Flagler Village site with a rendering of the project.
Dev Motwani’s Merrimac Ventures is developing 315 Flagler, a $25 million project with a 220-room hotel, 120 residential units and 7,000 square feet of commercial space. At a Broward County Commission meeting on Tuesday, the property at 315 Northwest First Avenue received plat approval.
315 Flagler, LP purchased the four-parcel development site in January for $1.9 million. It is currently bordered by multifamily residential units, a parking lot and railroad tracks where All Aboard’s new Brightline station is being built. The high-speed train service will run along the Florida East Coast rail line from Miami to Orlando beginning in mid-2017.
Plat approval required the developer to get the OK from 22 agencies, an official in Broward’s planning and development management division told The Real Deal. There is no word on when the developer is planning to break ground on the 315 Flagler project. The developer did not immediately respond for comment.
The Flagler Village neighborhood, which stretches from Broward Boulevard to Sunrise Boulevard, and from Federal Highway to the Florida East Coast Railway. More than 40 projects will come online in the neighborhood, which is often compared to Wynwood. A group of Israeli developers recently launched Flagler 626, a 12-story, 97-unit condo project at 626 Northeast First Avenue.
From The Real Deal Miami
via Motwani’s downtown Fort Lauderdale mixed-use project moves forward