613 NW Third Ave. Fort Lauderdale
This is the area where you can still cashflow and buy land under $25,000
Just like Overtown in Miami and Florida city in Homestead area (the last one less), this area has for a long time, needed attention.
Developments planned there range from residential buildings and a performing arts center, to a new YMCA, blues club, and microbrewery.
Most of the developers are applying for public subsidies from Fort Lauderdale’s Community Redevelopment Agency, which focuses on eliminating blighted properties
Development is preparing to build an 11-story residential tower with 142 units.
A five-story complex with 400 apartments is planned at the southwest corner of Sistrunk Boulevard and Northwest Seventh Avenue.
The city has agreed to spend $10 million to fund construction of a new YMCA at 1409 West Sistrunk Boulevard.
Miguel Pilgram, a Florida Lotto winner, bought properties between Northwest 14 Way and Northwest 14 Avenue for construction of a performing arts center and commercial plaza. Pilgram also has acquired a two-story building on the southeast corner of Sistrunk Boulevard and Northwest 15 Avenue. There are plans to open a blues club upstairs and a restaurant downstairs.
In just a few years you wont recognize this area. Hurry up while deals still last!