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<\/p>\nAn affiliate of MRK Partners hopes to proceed with Federal Apartments, a multi-family housing development in Fort Lauderdale.<\/p>\n
Plans call for just over 192,000 square feet of new construction, where there would be two five-story buildings. Together, they\u2019ll offer 164 affordable housing units, with floorplans spanning two-bedroom to four-bedroom layouts.<\/p>\n
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The venture would comprise more than 190,000 square feet of new construction. Image from the SFBJ<\/p>\n
According to the South Florida Business Journal<\/a>, residency at Federal Apartments is intended for those earning about 60 percent of the area median income (AMI). Broward County\u2019s<\/a> AMI was $89,100 as of 2024. Residents would have access to more than 3,000 square feet of amenities, with offerings including a fitness center and community room. There would also be 173 surface parking spots.<\/p>\n Federal Apartments would replace an 88-unit apartment that was constructed in the 1950s. While old, the building is not considered historically significant and will be demolished to make way for new construction.<\/p>\n Fed Venture LP, the developer, purchased the project\u2019s 3.73-acre build site for $12.65 million in June. Fort Lauderdale\u2019s Development Review Committee reviewed plans for the project two weeks ago.<\/p>\n Federal Apartments has been proposed for 800 NW 11th Avenue, Fort Lauderdale, Florida<\/a>, 33311, in Broward County. it would be in the city\u2019s Progresso neighborhood on the north side of Sistrunk Boulevard.<\/p>\n Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n Follow<\/a> YIMBYgram for real-time photo updates
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