Construction has broken ground on FAT Village mixed-use development in Fort Lauderdale, Florida. The development, located on 5.6-acres of land in the heart of Flagler Village will bring about new residential units, restaurants, retail and Class AA office space. It is going to contribute greatly to the southern state’s city’s economy by attracting investor interest and creating thousands of jobs. It will also solidify the neighborhood as a top choice for business, dining, and living. The project will be constructed in two phases. The first phase will be completed in 2027 and will include the T3 FAT Village office building, 601 apartment units in two multifamily towers, nearly 74,000 square feet of ground-floor retail, and the parking structure. Phase 2 will follow once Phase 1 is fully occupied.
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Project Details
The project will deliver more than 850 residential units across three towers following a US$200 million construction loan. The Class AA office spaces will have an industrial character with modern conveniences. Additionally, more than 80,000 square feet of food, shopping, entertainment, art studios, and galleries, and a 1,200-space commercial parking structure. The residential component of FAT Village will include The Gallery at FAT Village at 600 North Andrews Ave. This will be 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. FAT Village currently represents one of six mixed-use placemaking destinations Hines has under development throughout the southeast.
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Comments on Fat Village
“FAT Village is a prime example of our success with delivering transformative, mixed-use destinations that signify an urban revitalization,” said Alan Kennedy, Managing Director of Hines. “FAT Village will pay homage to and retain the neighborhood’s creative spirit and artistic presence while creating a lively destination that will engage the community and enhance Fort Lauderdale’s urban fabric. We look forward to advancing our plans for the project as it becomes a valuable component of the broader Flagler Village community.”
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“This is a big step in the evolution of Flagler Village. The new FAT Village will deliver a sense of place for all residents and creative types with much-needed lifestyle retail in one convenient hub,” said Alan Hooper, Co-Founder and CEO of Urban Street Development (USD).
Project Team
The project team involves Hines, a global real estate investment manager who partnered with Urban Street Development, Cresset Real Estate and Las Americas. Additionally,, they collaborated with Hudson Capital and Halmos Holdings to fund the project.
