441 Arthouse – Fully Approved Development Project

441 Arthouse is a transit-oriented mixed-use infill development project within the CRA located in City of Lauderhill, Florida, within a 10 minute drive to downtown Fort Lauderdale – across the street from rapid transit intercity Bus stop & 1/ 2 mile from new Lauderhill transit center. Comprising three five-story buildings, this expansive development encompasses a gross building area of 305,567 square feet (GSF) situated on nearly 5 acres of land that has never been developed. The City only has 5% vacant land remaining. The centerpiece of this project is the 245 apartment units integrated with 7,000 square feet of ground floor retail/commercial space.

With full entitlements and site plan approval from the City and City Development Agreement, along with FDOT (Florida Department of Transportation) approval with permits, FDOT work can start immediately. The planned unit mix includes 50 studios, 105 onebedroom units, 74 two-bedroom units, 12 three-bedroom units, and 4 one-bedroom townhouse units that are designated “artist lofts” – which will house local working artist. Local artist will be able to showcase their work in the lobby/art gallery. Boasting an array of amenities such as a large surface parking lot with 310 spaces, main lobby with elevators, package and mail room, fitness and yoga facilities, kids room and clubhouse, tenant storage, and a spacious pool deck with grilling areas as well as co-working space. Additionally, 30% of units will be workforce housing at 120% AMI in a partnership with Broward County.

The property enjoys a prime location in the up and coming Lauderhill Arts District directly fronting N State Rd 7, a major thoroughfare servicing an amazing 54,500 vehicles per day in the City’s transit-oriented corridor . Surrounded by prominent big box retailers and conveniently accessible, the property benefits from its high visibility to the heavy traffic flow and abundant neighborhood amenities. With recent population growth and significant development in the area, 441 Arthouse stands as a beacon of opportunity to revitalize and to provide much need new housing to the area.

It’s a fully approved development project for 245 rental units & 7000 SF of retail on 5 acres of land. This site includes 10-year tax abatement & other incentives that run with the land to incentive development. The value is around $13.5mm USD.