Fort Lauderdale Real Estate Development Gets $10M Public Loan
A major project is moving forward with significant public support aimed at reshaping one of the city's emerging neighborhoods. This Fort Lauderdale real estate development, backed by a $10 million forgivable loan from the city’s Community Redevelopment Agency (CRA), will rise on a full city block within Progresso Village, just west of Flagler Village. The development blends private investment, public funding, affordable housing in Fort Lauderdale, and community transformation, all on 2.48 acres of assembled land.
Though many details are already confirmed, including unit count, affordability commitments, and architectural plans, construction won’t begin until 2026. In the meantime, the project is drawing attention for its unusual combination of funding…
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