The $25 million project will be managed by veteran developer and hotel operator Dev Motwani
FORT LAUDERDALE, Fla.– Berger Commercial Realty brokers Judy Dolan and St. George Guardabassi recently represented the Curtis T. Bell Trust in the $1.9 million sale of a downtown Fort Lauderdale site to 315 Flagler, LP. The site is slated for the new Flagler Village Hotel, a $25 million project managed by developer and hotel operator Dev Motwani.
Located from 315 to 333 N.W. 1st Avenue, the 24,000-square-foot site currently consists of four contiguous parcels including a 4,100-square-foot office building and nearby parking lot. The site will be developed into a 195-room hotel with retail space, amenities and 100 parking spaces. When finished, the property will total nearly 200,000 square-feet.
“The site offers close proximity to the planned Brightline train station, formally known as All Aboard Florida, and the new Wave Street Car route, making it a prime site for redevelopment,” said Dolan.
A burgeoning Fort Lauderdale neighborhood, Flagler Village spans from Broward Boulevard to Sunrise Boulevard and from Federal Highway east to the FEC Railway.
“Over the last few years, multiple redevelopment projects, rebranding campaigns and community grassroots efforts have resulted in Flagler Village becoming an attractive, avant-garde setting for Fort Lauderdale’s young professionals,” said Guardabassi. “It’s home to FAT Village, Peter Feldman Park, Mockingbird Trail, state-of-the-art condos and multiple in-progress developments that will further its transformation.”