FAT Village Redevelopment Transforms Downtown Fort Lauderdale

Posted by:

FAT Village Redevelopment Transforms Downtown Fort Lauderdale

Fort Lauderdale’s former arts hub FAT Village is undergoing a $500 million transformation into a vibrant mixed-use district with housing, offices, shops, and public art. Developed by Hines and Urban Street Development, the 5.6-acre (2,26 ettari) project includes three completed towers — two residential and one office — set to open fully by 2027.

The plan brings 600 apartments, split between luxury and workforce units, along with T3, a 180,000-square-foot (16.720 mq) timber office building promoting sustainability and innovation. Located near the Brightline station, FAT Village aims to blend art, business, and urban life, creating a walkable community that keeps its creative spirit while driving downtown ...

Continue Reading →
0

English

, , , , , , , , ,

Record-Breaking Mansion Sale in the Florida Keys

Posted by:

Record-Breaking Mansion Sale in the Florida Keys

Barstool Sports founder Dave Portnoy has set a new residential record in the Florida Keys, paying $27.8 million for a waterfront estate in Islamorada.

Located at 76180 Overseas Highway, the 1.7-acre property spans over 10,200 square feet of interior space with eight bedrooms and nine and a half bathrooms. Built in 2023, the compound includes a 7,600-square-foot main residence and a 2,700-square-foot guest house. The home features 150 feet of private water frontage, a dock, boat ramp, beach, and two pools.

The sellers, Tom and Caryl Donatucci, had purchased the land for $2.3 million in 2019. The sale surpasses the previous $23 million record in the Keys.

(source: The Real Deal, picture: Denys Kostyuchenko)

Continue Reading →
0

English

, , , , , , , , ,

Palm Beach Weather’s Florida Condo Crisis

Posted by:

Palm Beach Weather’s Florida Condo Crisis

As Florida’s condo market continues to grapple with the fallout from post-Surfside safety regulations, Palm Beach has emerged relatively unscathed. New statewide laws requiring milestone inspections and reserve studies have burdened many aging condominiums with costly assessments, averaging $75 to $100 per square foot.

Yet in wealthy Palm Beach, where financial resources are abundant, most buildings have already completed their repairs, turning a potential crisis into an opportunity. Brokers say the ...

Continue Reading →
0

English

, , , , , , , , ,

IKEA is coming to Soho

Posted by:

IKEA is coming to Soho

The Swedish furniture giant has purchased the six-story commercial building at 529 Broadway for $213 million from Wharton Properties, owned by Jeff Sutton, according to property records. Ingka Group, which operates most IKEA stores globally, plans to open a 25,000-square-foot location across the first two floors, a smaller-format store aimed at urban shoppers. The upper floors will be converted into offices managed by Ingka.

The property, currently leased to Nike, spans 58,000 square feet and sits at the corner of Broadway and Spring Street. Designed by BKSK Architects to echo a 19th-century hotel, the building was acquired by Sutton for $146.9 million in 2013. The ...

Continue Reading →
0

English

, , , , , , , , ,

Developers Race Against Time to Secure 421a Tax Break

Posted by:

Developers Race Against Time to Secure 421a Tax Break

New York developers are rushing to complete their 421a projects before the June 2026 deadline, when the city’s long-standing tax exemption program officially ends.

The state’s extension gave developers extra time but demanded deeper affordability, eliminating the 130% AMI option that had made projects financially viable for many. Smaller firms now face tighter margins as rents for affordable units drop, reducing long-term income potential. Despite these challenges, developers are racing to finish, aware that losing 421a could slash project values by as much as 15%.

(source: The Real Deal, picture: Robert Bye)

Continue Reading →
0

English

, , , , , , , , , , , , , , , , , , ,

Page 1 of 2 12