FORT LAUDERDALE, Fla. – (Realty News Report) – A seven-story creative office building framed with mass timber is under development in Fort Lauderdale by Houston-based Hines in partnership with Fort Lauderdale-based Urban Street Development.
Called “T3 FAT Village,” the 180,000-SF creative office building, which will be ”one of the most environmentally friendly and sustainable developments in the Fort Lauderdale area,” Hines said.
Buildings in Hines’ T3 (Timber, Transit and Technology) proprietary platform utilize mass timber framing, instead of concrete. In the construction process, timber generates around 50 percent lower CO2 emissions than concrete. In addition, timber delivers a higher insulation value.
The Fort Lauderdale mass timber office building will be part of FAT (Food Art Technology) Village, a 5.6-acre, 835,000-SF, mixed-use office, retail and residential urban village in Fort Lauderdale’s Flagler Village neighborhood. Located along North Andrews Avenue between 5th and 6thStreets, this four-block creative enclave will serve as the reimagined epicenter of the city’s art-centric environment. FAT Village will feature curated food and beverage offerings, shopping, programmed activations, entertainment, and art studios and galleries. The project will benefit from superior accessibility to major arterial and interstate roads as well as proximity to Brightline Station and the Las Olas CBD.
T3 FAT Village is expected to be completed in 2024.
“We are excited to have the opportunity to partner with Hines and are looking forward to bringing this world class, mixed-use village to Fort Lauderdale, where we have been an active developer for more than 20 years,” says Alan Hooper, who along with South Florida restauranteur, Tim Petrillo, is a co-founder of Urban Street Development.
Over the past year, the demand in South Florida has grown significantly and more companies are looking to migrate to the Sunbelt market for its favorable business conditions, quality of life and diverse industry base. This migratory trend is not expected to slow down anytime soon with over 1.6 million SF of new to market office users looking to move or expand in the region. Fort Lauderdale, with its central location and regional connectivity, are poised to capture its share of that new-to-market demand.
April 20, 2021 Realty News Report Copyright 2021
Photo Credit: Rendering courtesy Hines
For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins. Available on Amazon http://tiny.cc/4a2g6y
File: Timber Office Tower Planned by Houston Developer Hines.