This development marks the first new class A office space developed in Broward’s Fort Lauderdale submarket in more than a decade.
MIAMI—Another transit-oriented development is set to rise on South Florida. This one is called FATcity, which stands for Florida Arts and Technology.
Traina Companies unanimously received the final zoning approval necessary from Fort Lauderdale’s City Commissioners for its 1,351,160 square feet of mixed-use new construction. The project is located at 300 North Andrews Avenue.
“South Florida, and more specifically, Fort Lauderdale, represents a great opportunity for lifestyle and economic development,” Joseph Traina, Jr., principal of Traina Companies, tells GlobeSt.com. “We believe that Fort Lauderdale provides far more immediate benefit and upside than other surrounding markets and more long-term value than even that of San Francisco and New York City, due in part to the expanse of transit, a growing populous, emphasis on job creation and educational development in the region. We anticipate this project being the first of many for us in the area.”
FATcity fronts an entire city block along the east side of Andrews Avenue between Northeast 3rd and 4th Streets. The lot is assemblage of five contiguous parcels of land totaling 2.69-acres.
Ultimately, FATcity will be comprised of two, 30-story towers featuring 270,000 square feet of office, retail and a potential for hospitality; 612 residential units; and 1,327 covered parking spaces. A true Transit Oriented Development (TOD) mixed-use project, FATcity is in City Center (RAC-CC) Special Zoning District and connects the Central Business and Arts Districts through pedestrian-oriented walkable streets, access to Brightline’s High-Speed Rail station within two blocks of the property, and a Wave Streetcar stop on-site.
This development marks the first new class A office space developed in Broward’s Fort Lauderdale submarket in more than a decade. As such, FATcity’s office component is designed to exceed today’s workplace needs, boasting large, open floorplates ideal for coworking, collaboration and networking, open-air retail spaces, and advanced high-speed technology.
To complement its location near area universities, Traina seeks to create a platform where employers can meet, train, and hire the next generation of the skilled workforce. The platform includes providing internships, continuing education, and fulfilling the need for an incubator for the area to connect and collaborate under one roof.