Three Developments Proposed for Ft. Lauderdale
Three large developments are being pitched to the Fort Lauderdale Design Review committee including an hotel and apartment tower as we kick off this year. Being that they are in the early stages of being proposed, all details are not yet fully released but the general scope of these exciting new additions to our city are described below.
Flagler Village
The first is a hotel slated for Flagler Village submitted by 315 Flagler LP. This site is proposed to include 195 rooms and 2,227 square feet of retail space at 315 NW 1st Avenue. 315 Flagler LP is managed by Dev Motwani, a long time developer and hotel manager who states that this location is ideal for accessibility. Specifically, it is close to city hall, courthouses as well as the future All Aboard Florida Rail Station. For those who are not staying at the beach, this is a great alternative location of convenience.
Further details of the $25 million project include 137,468 square feet of space for the hotel, retail and amenities. In addition, there would be 100 parking spaces to accommodate the patrons. Dev is in talks with hotel companies about putting a flag on the project. He envisions it as a select service-oriented hotel. The 22,795-square-foot site is currently owned by a trust headed by Curtis T. Bell, but Motwani said he would close on the property shortly.
The Flagler Village location is also being pursued for a 212 unit apartment building by Alta Developers, a Miami based development team. Alta purchased a portion of the site for $1.03 million at the end of 2015 in December, but the remaining parcel is currently owned by LBP 601 LLC and Jean Bernard Pierre-Louis. It is estimated that the remaining deal is under contract by Alta.
Project details include two 12-story towers at 421 NE 6th Street. The scope of the development will feature 2,600 square feet of retail space, an amenity deck with pool on the 6th floor and 281 parking spaces to accommodate the residents and guests. Cohen Freedman Encinosa & Associates are listed as the architect for the project.
Lauderdale Beach
The third development is slated for the Lauderdale Beach neighborhood. The 1.1 acre site is currently owned by Allied Mortgage Investment Fund, however the applicant is Cavache Properties, managed by Adam Adache and Anthony Cavo.
Project details include a 24-unit multifamily building being proposed at 3030 N. Ocean Blvd. in Lauderdale Beach. Although the site is not directly on the beach, it is in close proximity. The $12 million project includes 81,580 square feet total with 16,316 square feet of nonresidential space such as the clubhouse and parking. A total of 51 parking spaces for residents and guests as well as a pool are being proposed as well. Adache Group Architects are listed as the designers, however it is not specified as of yet if this is a rental or a condo project.