{"id":354895,"date":"2026-07-28T13:58:09","date_gmt":"2026-07-28T13:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/354895\/"},"modified":"2026-07-28T13:58:09","modified_gmt":"2026-07-28T13:58:09","slug":"construction-starts-on-376-unit-the-cove-at-1055-n-federal-highway-fort-lauderdale-florida","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/354895\/","title":{"rendered":"Construction Starts on 376-Unit &#8216;The Cove&#8217; at 1055 N. Federal Highway, Fort Lauderdale, Florida"},"content":{"rendered":"<p> <img width=\"777\" height=\"547\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-27-at-12.14.58-PM-777x547.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>Image by Affiliated Development <\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:00 am on July 28, 2026<\/p>\n<p>Fort Lauderdale-based Affiliated Development has started construction on an affordable housing development in Broward County.<\/p>\n<p>The Cove (not to be confused with <a href=\"https:\/\/floridayimby.com\/2026\/03\/the-cove-residences-breaks-ground-at-456-ne-29th-street-in-edgewater-miami.html\" rel=\"nofollow noopener\" target=\"_blank\">the Cove Residences<\/a> in Edgewater) will measure eight stories above grade and feature 376 apartments, 55 percent of which (about 206) will be designated as workforce housing for households earning at or below 120 percent of the area median income (AMI).<\/p>\n<p>Affiliated Development is filing under the Live Local Act, which requires that only 40 percent of a project\u2019s residences be designated as affordable to qualify for benefits. <a href=\"https:\/\/cdn.pompanobeachfl.gov\/city\/pages\/planning_zoning\/2025-Income-and-Rent-Limits-Broward-County.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Broward County\u2019s median income<\/a> was $96,200 as of 2025, meaning that a four-person household could earn no more than $138,360 annually.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-41259\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-27-at-12.14.46-PM.png\" alt=\"\" width=\"1200\" height=\"824\"  \/><\/p>\n<p class=\"wp-caption-text\">The venture will measure eight stories. Image by Affiliated Development<\/p>\n<p>As noted, Affiliated Development is the developer. The firm recently secured a $74 million construction loan; Pacific Life Insurance Co. was the lender.<\/p>\n<p>Before the start of construction, the Cove\u2019s 1.82-acre build site hosted a hotel that went by a few names throughout its run, including The Link hotel and the Clarion Inn. It has since been demolished. Sitework is anticipated to take about 20 months, meaning the Cove\u2019s first residents could arrive by spring 2028.<\/p>\n<p>The Cove is unfolding at <a href=\"https:\/\/maps.app.goo.gl\/XEGhmMbarG3pTeKt8\" rel=\"nofollow noopener\" target=\"_blank\">1055 N. Federal Highway, Fort Lauderdale, Florida<\/a>, 33304, in Broward County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Image by Affiliated Development By: Colt Dodd 7:00 am on July 28, 2026 Fort Lauderdale-based Affiliated Development has&hellip;\n","protected":false},"author":2,"featured_media":354896,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[249,251,250],"class_list":["post-354895","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/354895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=354895"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/354895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/354896"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=354895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=354895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=354895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}