706 NW 1st Ave
Fort Lauderdale, FL 33311 Progresso Village

The property presents a rare opportunity to acquire a mixed-use development site with plans for a 189-unit residential community, offering investors and developers the ability to capitalize on an efficient, institutional-quality project. The proposed plans envision a contemporary mid-rise building that integrates residential and commercial uses while maximizing the site's development potential, with structured parking seamlessly incorporated into the design.

The proposed development features a diversified unit mix designed to appeal to a broad renter demographic, supporting leasing flexibility and sustained marketability. A ground-floor commercial presence enhances the project's mixed-use character and contributes to an active pedestrian experience, while efficient circulation and contemporary architectural design create a cohesive community that balances resident appeal with operational efficiency.

With plans already advancing through the development review process, the property offers an opportunity to accelerate project delivery while reducing many of the entitlement risks typically associated with urban development. The combination of 189 proposed multifamily residences, integrated commercial space, structured parking, and a thoughtfully conceived mixed-use design positions the property as an exceptional acquisition opportunity for developers seeking to deliver a transformative asset.