Hines and their partner, Urban Street Development, have obtained a $220 million loan from Bank OZK for the first phase of FAT Village. This 5.6-acre mixed-use development in Fort Lauderdale’s Flagler Village neighborhood will feature 601 multifamily units, 180,000 square feet of office space in Hines’ innovative T3 building made with heavy timber materials, and over 70,000 square feet of retail space. The project also includes various amenities such as dining options, shopping opportunities,and art studios and galleries.
FAT (Food Art Technology) Village is conveniently located just two blocks away from Brightline’s high-speed commuter rail station in Fort Lauderdale that connects to Miami,W est Palm Beach,and Orlando.
According to Alan Kennedy from Hines,”Despite the current slowdown in financing and construction starts,it is exciting to move forward with FAT Village.We believe this development will greatly enhance FlaglerVillageandFortLauderdale.”
