New Fort Lauderdale Apartments in Opportunity Zone Promise Attainable Rents
The Six13 is being built with help from a $19.3 million loan as well as city Community Redevelopment Agency funds and opportunity zone investments.
April 16, 2019 at 01:35 PM
3 minute read
Construction started on The Six13 apartment building in Fort Lauderdale after the developer secured $19.3 million in project financing.
Affiliated Development LLC, a Fort Lauderdale-based multifamily developer, obtained the loan from City National Bank on April 4 for the six-story development, which will have 142 one- and two-bedroom units.
The Six13, named for its location at 613 NW Third Ave. in the Progresso Village neighborhood, will have a 197-space garage and 5,991 square feet of ground-floor commercial space, including a restaurant.
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