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By: Colt Dodd<\/a> 7:00 am on August 26, 2026<\/p>\n Fort Lauderdale-based Affiliated Development hopes to get financial incentives for a housing development with some workforce housing in Broward County.<\/p>\n The Cypress is planned to measure eight stories above grade and comprise 340 apartments. Of those units, 204 will be market-rate apartments, while the remaining will be reserved for households earning 100 and 120 percent of the area median income (AMI).<\/p>\n Broward County\u2019s median income is currently $89,100, according to county records<\/a>.<\/p>\n Floorplans at The Cypress would include one-bedroom, two-bedroom, and three-bedroom units; communal amenities would include a swimming pool, clubroom, and fitness center. The Cypress would also host some retail space and share a parking garage with the adjacent the Westin Fort Lauderdale hotel.<\/p>\n By including some workforce housing in the project, Affiliated Development hopes to get $8.83 million in financing through the Affordable-Workforce Housing Ad Valorem Tax Reimbursement Incentive. The firm has The Cypress\u2019s 3.76-acre build site under contract from its current owner, PFL VII LLC.<\/p>\n Rinka, which is Affiliated Development\u2019s in-house architect, designed the venture. Construction could start in the second quarter of 2027 pending various approvals. The Cypress is planned for 400 Corporate Drive, Fort Lauderdale, Florida<\/a>, 33334, in Broward County.<\/p>\n Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n Follow<\/a> YIMBYgram for real-time photo updates![\"Make](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\"){kind=icon}
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