Hines JV Breaks Ground in Fort Lauderdale

The ground-breaking of FAT Village’s multifamily component. Image courtesy of Hines

Hines and Urban Street Development have broken ground on the Food, Art and Technology Village, a mixed-use master-planned destination in Fort Lauderdale, Fla.’s Flagler Village.

A 5.6-acre urban development, FAT Village aims to revitalize the focal point of the art-centric district with new housing, retail, restaurant, office space and entertainment options. The groundbreaking follows the origination of a $220 million construction loan and represents a major milestone in the project.

Aiming to become a lifestyle hub where creatives live, work, eat and relax, FAT Village aims to provide more than 850 residential units across three towers. Also included will be Class AA office space, more than 80,000 square feet of food, retail, entertainment, art studios and galleries, as well as a 1,200-space commercial parking structure.

Three-tower project

The residential component of FAT Village will include The Gallery at FAT Village at 600 North Andrews Ave., a 16-story, 263-unit, partially affordable tower featuring studio, one- and two-bedroom apartments and controlled access. A second tower, FAT Village West, located at 501 North Andrews Ave., will be a fully affordable 13-story property featuring 249 apartments and a rooftop terrace and pool. The third tower, FAT Village East, situated at 501 North Andrews Ave., will be a 24-story building featuring 355 apartments with private balconies and patios, as well as a swimming pool.

The project is to be built in two phases. The first, slated for completion in 2027, will include the T3 FAT Village office building, two multifamily towers featuring a total of 601 apartment homes and almost 74,000 square feet of ground-floor retail. Once Phase 1 is entirely occupied, Phase 2 will break ground. Two months ago, Hines sold to Carter-Haston Holdings Avere Southside Quarter, a luxury Jacksonville apartment property.