Additional housing options in the pipeline for Broward County

Additional housing options in the pipeline for Broward County

2022-07-22T06:55:29-04:00June 28th, 2022|Greater Fort Lauderdale, Real Estate|

Writer: Liz Palmer

2 min read June 2022 — From affordable to luxury to senior housing, local developers across Broward County are working to try and appease the continued growth of demand by exploring and investing in more diversified housing options. Invest: explores some of the projects in the pipeline to bring these additional housing options to the county. 

Stellar Communities, Adam America Real Estate

With plans in the works for completion by 4Q24, this apartment complex will add 275 units to the residential inventory in Broward County. Developers Stellar Communities and an Adam America Real Estate affiliate are planning to provide options from studios to three bedroom apartments within the development, and as amenities become more of a priority to renters, the plans for this community are to include exercise, coworking and parking facilities, as well as a pool, green space and capabilities to charge electric cars. 

“7on7th”

“7on7th” exists as a collaborative project between Green Mills Group, a local, affordable, sustainability-minded developer, and the Broward Partnership, to address homelessness in the region by providing stable housing, amenities and community, according to Mitchell Rosenstein, founder and principal of Green Mills Group. In an interview with Invest: he said the community will sit “in the heart of Fort Lauderdale” and that his relationship with the Broward Partnership runs deep, having worked with them multiple times. “The construction started in August 2021, and we hope to complete the building at the end of 2022,” he said. The community will have 72 total available units .

John Knox Village

As a state with one of the highest senior populations in the country, Florida leaders and housing providers acknowledge the importance of including seniors in the continued plans for development as people and businesses continue to move in. As such, senior living provider John Knox Village is on board the mixed-use train, creating supportive communities for the elderly that provide entertainment and retail capabilities alongside its housing offerings. Their revitalization project called “Westlake” includes two towers, The Vue and The Terrace, that will house 146 apartments to be completed in 2024. Costs to buy a space in Westlake will range between $335,000 and $670,000 depending on the unit’s size.

The Estate Companies

Focusing on development and investment in South Florida, The Estate Companies have multiple projects currently underway in the region. Soleste CityLine in Dania Beach and Soleste Hollywood BLVD are among those in Broward County. Cityline will provide 340 units in eight stories close to Fort Lauderdale International Airport and Hollywood BLVD holds 324 units at eight stories. Both exist as luxury class A options for renters.