Luxury Rental Community Opens in Fort Lauderdale
- Feb 25, 2019
A joint venture between Morgan and institutional investors advised by J.P. Morgan Asset Management opened a 350-unit upscale rental property in Fort Lauderdale’s burgeoning Flagler Village neighborhood. Located at 400 NE 3rd Ave., Pearl Flagler Village is Morgan’s second development within the area.
Pearl Flagler Village features 12 studio units, 238 one-bedroom apartments and 80 two-bedroom residences. The project also offers 20 three-bedroom apartment homes, six of them with almost 1,700 square feet and three bathrooms, unique in the market. Fronting NE 3rd Avenue is a small component of live-work units and commercial flex space.
The architecture of the mid-rise development reflects the Flagler Arts and Technology (FAT) Village, a mixed-use arts-oriented community located immediately west.
Social, business spaces
Common-area amenities at Pearl Flagler Village include a heated salt-water pool, covered seating areas with gas grill stations and a dog park. The pool courtyard is open to the south and maximizes sunlight during the day while providing nighttime views of downtown. Other amenities include a fitness center with yoga studio, mailroom with parcel lockers, “AquaLounge” with cabanas and fire pits, media lounge and warming and presentation kitchen. The resident business center offers a large collaborative work space, private office cubbies and a conference room.
Situated just a few blocks east of the Brightline-Virgin Express train station, Pearl Flagler Village offers easy access to West Palm Beach, Miami and Orlando. FAT Village and the Music & Arts South of Sunrise (MASS) district can be found just four blocks to the west, ensuring museums, cultural attractions and public art displays are all easily accessible from Pearl Flagler Village.
“Flagler Village continues to prove itself as the premier urban submarket in Fort Lauderdale,” said Morgan’s Regional Vice President Evan Schlecker, in prepared remarks. “The walkability to high-end restaurants and retail a few blocks south, mixed with the accessibility to the Brightline-Virgin station and FAT Village Arts District, makes our location an urban renter’s dream. The continued development in the area will only strengthen that premise.
One of several
Morgan’s other South Florida communities include Midtown 29, a 309-unit apartment tower in Midtown Miami, which opened one year ago; and Pearl Dadeland, a 412-unit Miami apartment community built in 2017 that is now being marketed for sale.
Additionally, the 433-unit garden-style Cortina III in Boynton Beach is slated to launch construction in first half of 2019.
Rendering courtesy of Morgan