Mainstreet Funds Partners’ Paul Kilgallon with rendering of 30-tale rental tower in Flagler Village (Mainstreet Capital Associates, Getty)
A 30-story apartment growth proposed near downtown Fort Lauderdale won approval inspite of some layout features that deviate from metropolis requirements.
Fort Lauderdale-based mostly Mainstreet Money Partners is scheduling the 270-unit multifamily undertaking, referred to as Flagler Sky Watch. It will be in the Flagler Village space just north of downtown Fort Lauderdale.
The Fort Lauderdale Metropolis Fee voted Tuesday to approve an “alternative design” of Flagler Sky Watch for a internet site program development allow. The layout deviates from standards in the city’s downtown learn system, which call for bare minimum stepbacks, or the horizontal length that upper floors should recede from the floor ground of a building.
A organization controlled by Paul J. Kilgallon, president of Fort Lauderdale-dependent Mainstreet Funds Companions, purchased the .7-acre advancement web-site of Flagler Sky Watch for $3.25 million in December of previous calendar year, in accordance to Broward home information.The vendor, which experienced acquired the internet site for $400,000 in 2005, was a firm managed by Aventura-primarily based legal professional Jeffrey R. Sonn, in accordance to county and state information.
County records also clearly show that the web page has altered palms six moments because 1996, when it bought for $177,300.
Flagler Sky Perspective is between the most current in a collection of substantial-increase household developments in new decades in Flagler Village and downtown Fort Lauderdale. Far more than 10,000 residential models have been crafted or accepted in the very last five years in the downtown region, in accordance to the 2022 annual report by Fort Lauderdale’s Downtown Enhancement Authority.
Downtown Fort Lauderdale at the moment has extra than 40 projects with 16,000 condos and apartments in the performs, according to a May report launched by the Fort Lauderdale DDA. Authority.
This calendar year, prior to its overview of the Flagler SV task, the city’s Enhancement Assessment Committee (DRC) vetted six close by developments that would put pretty much 3,000 new apartments in and all around downtown and Flagler Village. The most significant household task that DRC reviewed from January by May well was Ombelle, a two-tower, 1,100-unit enhancement planned at 300 Northeast 3rd Avenue — three blocks from the Flagler Sky Perspective web-site on Northeast Fourth Road.
The downtown grasp approach requires at minimum a 15-foot stepback for a higher-increase creating, but the proposed structure of balconies and other architectural features of Flagler Sky See narrowed the stepback to a vary of 10 toes to about 12 ft.
The learn program also demands at minimum 30 toes of separation in between nearby whole lot traces and the 30-story setting up, which would increase up coming to an current 7-tale condominium developing, The Edge at Flagler Village. But the proposed layout of balconies and other architectural aspects of Flagler Sky View resulted in separation from large amount strains ranging from 25 ft to just about 26 toes.
