Following the news of Downtown Miami’s redevelopment, Fort Lauderdale has announced its own plans for a more vibrant, walkable downtown. This week, a team from Urban Land Institute (ULI) provided the Downtown Development Authority with improvement recommendations for Huizinga Plaza, RiverWalk East, and the Esplanade, all of which come with the express goal of “implementing a thoughtful open space/public experience strategy.”
The plan for the area prioritizes flood protection and water management systems, including bulkheads and stormwater pump expansions, while also integrating new uses for public spaces and community engagement. Fort Lauderdale Mayor Dean Trantalis is one of 160 mayors who have signed a national movement promoting that idea that all people in urban American should live within a 10-minute walk of a high quality park.
According to ULI’s report, downtown Fort Lauderdale’s resident population is expected to grow 30% in 5 years–and a whopping 200% in ten years. There are 7 million square feet of office space under construction, and over 1 million existing square feet of luxury retail. What’s more, WalletHub named it one of its Top Cities for Jobs earlier this year. In other words, Fort Lauderdale is booming. There has never been a better time to invest in South Florida, and we can help. Contact ComReal’s Fort Lauderdale team today.