Hines, Urban Street Development (USD), Cresset Real Estate, Las Americas, Hudson Capital, and Halmos Holdings have begun construction of FAT Village, a mixed-use master-planned urban destination. On 5.6 acres in Fort Lauderdale, Florida, the reimagined district will form an exciting community at the heart of Flagler Village. FAT Village will bring more than 850 residential units across three towers; Class AA office space; over 80,000 square feet of food, shopping, entertainment, art studios, and galleries; and a 1,200-space commercial parking structure.
Following the origination of a $220 million construction loan for the project in December, the groundbreaking kicked off phase one, which will include the T3 (Timber, Transit, and Technology) FAT Village office building, 601 apartment units in two multifamily towers, nearly 74,000 square feet of ground-floor retail, and the parking structure. Phase one is slated for completion in 2027.
"FAT Village is a prime example of our success with delivering transformative, mixed-use destinations that signify an urban revitalization,” says Alan Kennedy, managing director of Hines. "FAT Village will pay homage to and retain the neighborhood’s creative spirit and artistic presence while creating a lively destination that will engage the community and enhance Fort Lauderdale’s urban fabric. We look forward to advancing our plans for the project as it becomes a valuable component of the broader Flagler Village community."
Hines will bring its mass timber office concept to FAT Village, which will include nearly 180,000 square feet of Class AA creative office space, featuring industrial character with modern conveniences, outdoor spaces, fitness and bike amenities, and state-of-the-art connectivity and building systems. FAT Village is one of six mixed-use placemaking destinations Hines has under development throughout the Southeast.
"This is a big step in the evolution of Flagler Village. The new FAT Village will deliver a sense of place for all residents and creative types with much-needed lifestyle retail in one convenient hub," says Alan Hooper, co-founder and CEO of Urban Street Development. "With our innovative blend of urban residential, creative office, local food and beverage, and artist workspaces, FAT Village will usher in a new era of modern spaces that will entertain our residents and visitors not only during monthly art walks, which made FAT Village such a beloved part of the city, but every day of the week."
Tim Petrillo, co-founder of USD, is thrilled to see the project progress. He says, “As a passionate supporter of the arts, it brings me great joy to witness the development of this project aimed at preserving and uplifting the art community. We seek not only to enhance the lives of those residing in the FAT Village but to also draw in art enthusiasts from all corners. Through our innovative approach to community building, we aim to create a thriving cultural hub that will inspire and set an example for mixed-use projects in Fort Lauderdale.”
