Many area residents, real estate agents, business owners and regular visitors have been wondering if the Broward County will experience another development boom. With the real estate market bouncing back in many cities across the country, it’s no surprise that many are experiencing a bit of a development boom.
Broward County may be next and there are many signs pointing to new developments in the residential real estate industry. From high-end communities to high-rise condominiums, the county is set for a huge boom over the next few years.
Dozens of projects have already been approved and will be under construction very soon. Some have already started and the range from commercial buildings to condo buildings to sub-divisions and more. Many of these new projects will help to fulfill the need from the growth of the county.
One of the projects called The Manor at Flagler Village will feature 382 new residential units, along with retail space. It will be found on Federal Highway in Fort Lauderdale and will provide many luxury condominiums with beautiful views. Along with this project, another condominium building called Edge at Flagler Village will feature 331 more units.
These are just two of the many projects underway. Many others are approved and set to begin construction very soon. Along with the approved projects, other proposals include mid-rise homes in Wilton Manors, the Riverbend Marketplace and many others.
The Wilton Manors project will be called Wilton Twenty Forth Street Residences and will include 179 units. In total, over 4,000 new units have been proposed and many approved. This could easily double the downtown Fort Lauderdale population, which currently stands around 8,200 residents.
As Fort Lauderdale and the Broward County area continue to grow, more developments may be added to the agenda. Most are a mixture of residential and retail space and a few are more specifically commercial developments.