Developer Seeking To Bring 20,000 Of Office Space To Ft. Lauderdale With Sistrunk Mixed-Use Project
With the addition of additional partners, Fuse Group plans to rebuild and develop a mixed-use project located in the Fort Lauderdale area of Progresso-Flagler Heights.
On December 5, the Fort Lauderdale Community Redevelopment Agency (CRA) will review a modification to the incentive agreement for 909 Sistrunk, which is being handled by the Fort Lauderdale-based developer.
A $4 million development incentive program loan was granted by the CRA in 2021 for the project. In order to redesign the development with more land, Fuse Group is now requesting an extension from the CRA on the deadline for beginning construction.
The anticipated value of 909 Sistrunk, which is situated on 26,265 square feet at 909 Sistrunk Blvd., was approved by the city in 2022 for 18,442 square feet of offices, 7,660 square feet of retail space, 3,691 square feet of restaurants, and 80 parking spaces.
The redesigned project would feature 178 workforce apartments, 20,000 square feet of offices, 13,000 square feet of restaurants and retail, and 246 parking spaces. It would total around 270,000 square feet and cost roughly $58.9 million, according to the application by Fuse Group.
Source: SFBJ
