Developer seeks buyer for big Fort Lauderdale project
Anybody interested in a pre-approved, 1.35 million-sq.-ft. development in the heart of downtown Fort Lauderdale with the wonderfully catchy name of FATCity?
The Traina Companies, a privately held holdings group, is looking for a buyer or joint-venture partner to build the project that fronts an entire city block on North Andrews Avenue, less than two blocks from the new Brightline high-speed rail station. The site connects the central business district and the arts district — hence FATCity, for Florida Arts and Technology.
“FATCity represents an opportunity to own an irreplaceable site with the potential to develop a true legacy asset that will transform Downtown Fort Lauderdale from a Las Olas-based entertainment district to a transit-based CBD,” said David Duckworth, the Avison Young principal who is handling the offering on the part of Traina Companies.
Entitlements are in place for 612 units as part of FATCity, which is situated in the City Center Special Zoning District. The plans call for 85,000 sq. ft. of retail and 185,000 sq. ft. of commercial space with potential to be both office space and hospitality.
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The Traina Companies, a privately held holdings group, is looking for a buyer or joint-venture partner to build the project that fronts an entire city block on North Andrews Avenue, less than two blocks from the new Brightline high-speed rail station. The site connects the central business district and the arts district — hence FATCity, for Florida Arts and Technology.
“FATCity represents an opportunity to own an irreplaceable site with the potential to develop a true legacy asset that will transform Downtown Fort Lauderdale from a Las Olas-based entertainment district to a transit-based CBD,” said David Duckworth, the Avison Young principal who is handling the offering on the part of Traina Companies.
Entitlements are in place for 612 units as part of FATCity, which is situated in the City Center Special Zoning District. The plans call for 85,000 sq. ft. of retail and 185,000 sq. ft. of commercial space with potential to be both office space and hospitality.
Connect with me on LinkedIn | Follow me on Twitter