$15M New Multifamily Community 100 Percent Leased

By Kathleen Krilanovich, Associate Editor

Fort Lauderdale, Fla.—Housing Trust Group announced the opening of a senior housing development, Village Place Apartments, a $15 million, 112-unit mid-rise apartment development that is already 100 percent leased.

The apartment development is located at 720 NE 4^th Avenue. Sotolongo Salman Henderson in Miami was the architect for the project. HTG designed and constructed for Village Place to be recognized as a Green building in line with the National Green Building Standards.

“Village Place, in Ft. Lauderdale’s blossoming Flagler Village neighborhood, was originally contemplated as a market-rate development prior to the real estate downturn which began in 2007,” said Matthew Rieger, president and chief executive officer of Housing Trust Group. “We are proud to have built an affordable product with those same market-rate architectural plans and to have delivered such a high quality and upscale product. Our residents are enjoying upscale amenities in their apartments and throughout the development and they can walk to Downtown Fort Lauderdale, Las Olas Blvd. and The Riverfront for endless choices for shopping, dining and entertainment.”

The building includes a mix of 82 one-bedroom/one-bath units and 30 two-bedroom/two-bath unit mixes. Inside the units the amenities include granite countertops and split-level designs. In addition, the property comes with low-flow plumbing fixtures, and will include  low-VOC paint, Energy-Star qualified appliances, energy efficient HVAC systems and Energy-Star windows.

Other amenities for the mid-rise include a gated entrance, swimming pool and fitness room with exercise equipment. Additionally, residents will have nearby walking access to downtown Fort Lauderdale as well as The Wave Modern Streetcar transit system, which will open in 2017.