New 33-story condo tower located in the Flagler Village neighborhood to be built in downtown Fort Lauderdale. The developer — Third Avenue Development LLC along with Itay Avital — has proposed building the 217-unit condo tower on a site in the 400 block of Third Avenue just northwest of the intersection of Broward Boulevard and Federal Highway. The URBN @ Flagler Village project is the 39th new condo building totaling nearly 2,750 units combined to be built in the downtown Fort Lauderdale. Fort Lauderdale is now the third most active market in South Florida, behind only the areas of Greater Downtown Miami with nearly 20,200 units and Hollywood/Hallandale Beach with nearly 4,850 units. Approximately 1250 units planned to be built on the vacant land surrounding the Galleria Mall accounts for the largest development currently in Fort Lauderdale. Buyers and developers are steadily looking north from Miami-Dade to the less active markets in Broward and Palm Beach counties. The strengthening U.S. dollar exchange rate against most foreign currencies, lower pricing in Broward and Palm Beach counties, combined with growing concerns about the prospects of overbuilding in Miami-Dade have been identified as factors for the shift to the north. Plans for the URBN @ Flagler Village project call for the proposed 482,000-square foot tower that includes a 3,200-square-foot restaurant to be developed on a 30,625-square-foot site that is located across the street of the Strada 315 condo tower. Preconstruction prices and a launch date for the URBN @ Flagler Village project has not been established at this time.