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Fort Lauderdale is getting a new high-rise that blends style, convenience, and affordability. New 26-Story Art Lofts Fort Lauderdale Adds Workforce Housing, bringing modern design and much-needed rental options to the city. The building will include 265 apartments, with 43 units set aside for workforce housing, helping meet the rising demand for quality rental housing in Fort Lauderdale.
Led by Moderno Development Group and 75Invest, this project is a strong addition to the city’s fast-growing housing market. Located near the Brightline Fort Lauderdale Station and the New River, Art Lofts Fort Lauderdale is designed for residents who want urban access with upscale amenities.
Where Is Art Lofts Fort Lauderdale Being Built?
Art Lofts Fort Lauderdale will rise on a six-parcel site at 500, 510, 512, and 514 SW Third Avenue and 501 and 503 SW Second Avenue, just west of the Brightline railway and one block south of the New River.
This location places residents within walking distance to:
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Riverwalk Fort Lauderdale
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Restaurants, nightlife, and downtown job centers
Its prime location makes Art Lofts Fort Lauderdale ideal for renters looking for convenience, walkability, and access to public transit.
What’s Inside the 26-Story Art Lofts Fort Lauderdale Tower?
The 265-unit building is packed with features designed for modern city living. Here’s what residents can expect from Art Lofts Fort Lauderdale:
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43 workforce housing units
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7-story podium parking garage with 315 spaces
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8th-floor amenity deck with pool, lounge, and co-working space
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4,700 square feet of commercial space for retail or services
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Modern design by Dorsky + Yue Architecture
These features aim to create a community space where residents can live, work, and relax without ever leaving Art Lofts Fort Lauderdale.
Focus on Workforce Housing in Fort Lauderdale
One of the standout aspects of this development is the inclusion of 43 workforce housing units. These apartments at Art Lofts Fort Lauderdale will be reserved for individuals earning up to 120% of Broward County’s area median income (AMI).
In 2024, the AMI in Broward was $81,488, according to the U.S. Census Bureau. That means households earning around $98,000 may qualify for these units.
This effort supports renters who are priced out of the luxury market but don’t qualify for subsidized housing. It’s a key part of addressing the city’s housing gap and makes New 26-Story Art Lofts Fort Lauderdale Adds Workforce Housing a critical project for downtown.
To help projects like Art Lofts Fort Lauderdale move forward, the developers initially considered using Florida’s Live Local Act, which allows local governments to approve housing projects with affordable units more quickly.
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Development Timeline and Site History
The Art Lofts Fort Lauderdale site was assembled by Moderno affiliates over several years:
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2018-2021: Six parcels acquired for a total of $6.7 million
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Original plan: A 27-story tower with 290 units, including 71 workforce housing apartments, called "500 Art Lofts"
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2025 update: Final plan scaled down to 26 stories, 265 units, and 43 workforce housing units
The Fort Lauderdale City Commission gave the green light with unanimous site plan approval for Art Lofts Fort Lauderdale.
Why Art Lofts Fort Lauderdale Matters for Local Real Estate?
The New 26-Story Art Lofts Fort Lauderdale Adds Workforce Housing at a time when the city urgently needs housing diversity. Instead of only building high-end luxury condos, developers are now including workforce and middle-income housing in prime urban locations.
Here’s why that matters:
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Addresses housing shortages near transit and downtown
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Supports local workers priced out of market-rate apartments
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Encourages walkability and public transit use
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Attracts long-term renters and stable-income residents
As Fort Lauderdale’s population grows, Art Lofts Fort Lauderdale helps meet demand for housing that’s both attractive and attainable.
About the Developers: Moderno Development Group & 75Invest
Moderno Development Group is a Miami-based firm led by Doron Broman and Eyal Sapir. The company focuses on residential and mixed-use real estate across South Florida.
75Invest, founded by Sacha Touret, is based in Aventura and specializes in multifamily developments in urban core areas.
In addition to Art Lofts Fort Lauderdale, Moderno and Gaia Real Estate recently launched a $150 million fund (MILAS) to acquire and renovate 400+ homes and townhouses in Miami. A second $150 million phase is planned for next year, showing the firm’s continued focus on urban housing.
Frequently Asked Questions About Art Lofts Fort Lauderdale
When will Art Lofts Fort Lauderdale be completed?
The project is still in early stages. With site plan approval secured, construction could begin in 2025.
Who qualifies for workforce housing at Art Lofts Fort Lauderdale?
Individuals or households earning up to 120% of Broward County’s AMI may qualify, or around $98,000 per year.
What amenities will be included at Art Lofts Fort Lauderdale?
Residents will enjoy a pool, lounge, co-working space, and garage parking.
Will there be commercial space in the building?
Yes. About 4,700 sq ft of ground-level space will be available for retail or services.
How close is Art Lofts Fort Lauderdale to public transit?
Just one block from the Brightline Fort Lauderdale station, ideal for commuters.
Work With a Trusted Fort Lauderdale Real Estate Team
Looking to invest in Fort Lauderdale real estate development or move into one of the city’s new downtown communities? Contact The Mastropieri Group Realtors® at (561) 544-7000. As local experts, we specialize in helping buyers, renters, and investors find the right fit in South Florida’s competitive housing market.
Posted by Larry Mastropieri
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