The landscape of Affordable housing with luxury features in Fort Lauderdale is changing, thanks to an exciting new project called The Era. This eight-story apartment development is rising at 2125 S. Andrews Ave, Fort Lauderdale, Florida, 33316, in Broward County. The Era is bringing a fresh approach to housing by offering modern, beautifully designed apartments that essential workers can actually afford.
Located just minutes from downtown, beaches, and major highways, The Era offers residents incredible access to everything Fort Lauderdale has to offer. Fort Lauderdale’s mix of urban growth, economic opportunity, and unique coastal setting makes it a smart choice for a development of this scale and purpose.
The Era isn't just another apartment building. Over half of its 400 units will be reserved for individuals earning between 80% and 120% of the area’s median income. Teachers, firefighters, police officers, and city employees are the heart of our community, and The Era gives them a real chance to live where they work.
Meeting the Demand for High-quality workforce housing in Fort Lauderdale
South Florida is facing a serious housing shortage. In Broward County alone, the shortfall exceeds 140,000 affordable units. Rising costs have forced many essential workers to live far from their jobs, straining commutes and disrupting communities.
Affordable options like The Era are urgently needed. By providing below-market rent, $700 to $400 less than typical rates, this development offers real solutions.
Often called the "missing middle," this group earns too much to qualify for traditional affordable housing but not enough to afford luxury apartments. The Era fills this gap, redefining Premium apartments designed for the workforce in Fort Lauderdale by focusing on comfort, design, and affordability.
How Public-Private Partnerships Made The Era Possible
The Era wouldn't be possible without the strong backing of local government. The City of Fort Lauderdale is reimbursing 100% of city taxes for 15 years. Broward County is offering a 30-year reimbursement deal valued at around $5.5 million. These incentives show a serious commitment to solving the housing crisis.
The $80 million mortgage and investments from Affiliated Development’s Housing Impact Fund helped secure this project. Affiliated Development specializes in creating housing with social impact, blending profitability with community needs.
Top-Tier Amenities at Affordable Prices
The Era will feature top-notch amenities that you'd expect from high-end communities, including:
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State-of-the-art fitness center
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Sauna and cold plunge facilities
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Modern co-working spaces
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Dog park and pet-friendly amenities
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Rooftop deck with scenic views
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Bike-share program for easy transportation
This isn't "bare-bones" affordable housing. Every detail, from the interior finishes to the community areas, is designed to make residents proud of where they live. It's proof that luxury affordable housing in Fort Lauderdale can be both beautiful and budget-friendly.
The Impact of The Era on Fort Lauderdale Real Estate
The Era could pave the way for similar projects across South Florida. With the right funding model, cities can create housing that retains essential workers and strengthens neighborhoods.
Developments like this also attract professionals looking for well-designed, centrally located homes, a win for the real estate market.
More investors are seeking projects that offer both strong returns and positive social impacts. The Era sets a new standard for future "impact investing" opportunities in Fort Lauderdale and beyond.
When Will The Era Be Completed?
Construction on The Era is underway and expected to be completed by 2027. Once open, it promises to make a major mark on the local housing scene.
Why The Era Matters for South Florida’s Future
Housing is foundational to the health of any community. By combining thoughtful design, affordability, and government support, The Era is helping to make Fort Lauderdale a more inclusive, livable city. It's a powerful model for what can be achieved when public and private sectors collaborate.
Work with The Mastropieri Group, Realtors to Find Your Next Home
If you're interested in learning more about Affordable housing with luxury features in Fort Lauderdale or exploring real estate opportunities nearby. As local experts specializing in Boca Raton and all of South Florida, we know where to find the best opportunities for your lifestyle and budget.
Contact The Mastropieri Group,Realtors® (561) 544-7000 to speak with a trusted Fort Lauderdale real estate agent today. Let’s find your next home together!
Posted by Larry Mastropieri on
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