The skyline of Fort Lauderdale’s Flagler Village is set for a significant transformation. BAM Property Development’s newest multifamily project promises to bring 257 apartments and 11,400 square feet of retail space to this growing neighborhood. This exciting Fort Lauderdale real estate development showcases the area’s growth and its appeal for urban living.
Overview of BAM’s Flagler Village Multifamily Project
BAM Property Development, a New York-based firm led by Mayer Berkovits, recently gained approval for a bold new project. The two-tower, 14-story building at 650 North Andrews Avenue will house 257 residential units. It also includes a five-story, 361-space parking garage cleverly concealed within the structure. Apartments lining the podium ensure a seamless and attractive design.
The 1.7-acre site enjoys a prime location. It’s across Flagler Drive from the Florida East Coast (FEC) Railway and just four blocks from the Brightline train station. This connectivity and proximity to key attractions make the project a strategic addition to the neighborhood.
What Makes This Development Stand Out?
Spacious Amenities for Residents
This project offers residents a range of upscale amenities. There’s a pool, lounge, and dog park on the fourth floor. These spaces create opportunities to unwind and socialize. Open areas exceed city requirements, with 36,929 square feet of green and public spaces, including a plaza at the intersection of Flagler Drive and Northeast 7th Street.
Retail Space and Community Engagement
BAM’s plans include 11,400 square feet of retail space designed to enhance the Flagler Village community. Retail options will serve residents and visitors, contributing to the neighborhood’s lively, walkable environment.
Key Approvals and Zoning Deviations
The Fort Lauderdale City Commission unanimously approved the site plan. This approval came with a condition: BAM must pay $2.6 million to the city in lieu of building affordable housing. The commission also granted deviations from zoning rules. These included a height increase to 14 stories from the usual 12 and a floorplate size of 10,800 square feet for the east tower, exceeding the limit by 800 square feet.
These decisions reflect the city’s commitment to encouraging impactful developments that meet Fort Lauderdale’s housing needs.
BAM Property Development’s Footprint in South Florida
BAM isn’t new to the region. They’re also planning an eight-story, 120-unit multifamily project at 1715 Southwest 37th Avenue near Coral Gables. Designed by Karen Asprea, this Miami project will feature one- and two-bedroom apartments ranging from 578 to 1,024 square feet. With projects like these, BAM is making a name for itself in the South Florida real estate market while addressing the region’s demand for modern housing.
Why Flagler Village Is a Hotspot for Development
Flagler Village wasn’t always the trendy spot it is today. It’s undergone a major transformation from its industrial roots to become a hub for arts and culture. This shift has attracted developers and newcomers.
The neighborhood’s proximity to the Brightline train station enhances its appeal. Easy access to transportation makes it a convenient place to live and work. Plus, trendy cafes, art galleries, and exciting community events make Flagler Village a top choice for urban living in Fort Lauderdale.
The Future of Fort Lauderdale Real Estate Development
This project by BAM highlights the evolution of Fort Lauderdale real estate development. It emphasizes mixed-use spaces, modern amenities, and community-focused living. These trends are reshaping the city’s housing market. Developers and investors see Fort Lauderdale as a prime destination for new opportunities, ensuring its growth as a dynamic urban center.
Partner with South Florida Real Estate Experts
Thinking about exploring Fort Lauderdale real estate opportunities? Whether you want to buy, sell, or invest, The Mastropieri Group, Realtors can help. Call us at (561) 544-7000 for expert advice.
Let’s make your real estate goals a reality. Connect with The Mastropieri Group, Realtors and take the first step toward success today.
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