Downtown Fort Lauderdale becomes South Florida’s latest hotspot
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10/29/2017
Downtown Fort Lauderdale becomes South Florida’s latest hotspot

For many years, as once-dismal downtowns in Miami and West Palm Beach were transformed by sweeping redevelopment and an influx of fresh-faced residents hungry for some urban sizzle, Fort Lauderdale’s city center remained by comparison an overlooked patch of sleepy streetscape.

How swiftly things change in South Florida.

Fort Lauderdale’s compact, riverside downtown has suddenly become the region’s latest boomtown, bristling with construction cranes and a jostling urban energy that looks to claim its star in the constellation of South Florida’s urban renaissance...

 X Las Olas. It will replace most of the failed Las Olas Riverfront festival marketplace redevelopment, which opened in 1998 and is now undergoing demolition. The new mixed-use project, by Property Markets Group, comprises two residential towers with 1,200 units. The first phase, a 639-unit tower, will feature small units with modest rents aimed at young renters. A quarter of the units will be about 500 square feet and 70 percent will rent for under $2,000, a spokeswoman said. The project also includes 100,000 square feet of shared amenities for “social living.”

To read the full article at The Miami Herald, please follow the link here.

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