SIX Villas
City of Fort Lauderdale, Florida
Property Summary
Project Land INC is pleased to present its current ground-up development, SIX Villas, a group of three single-family homes located in the City of Fort Lauderdale, Florida, about one and one-half miles southeast of downtown Fort Lauderdale.
On a strategic level, this investment fits within Project Land’s creation of housing in cities with a supply shortage thesis. Fort Lauderdale is expected to continue to grow faster than the national average, increasing demand for new housing. Population growth in this area is attributable to the area’s proximity to both downtown Fort Lauderdale and Las Olas Beach, as well as job growth in the financing, education and health industries.
Business plan
Project Land plans to pre-sell one unit and hold the sale of the balance until after construction completion.
Investment Attributes
New Construction: The dwellings construction will use the latest building codes and life safety codes.
Design: All villas consist of two-story buildings each with four bedrooms, one flex room, and four bathrooms. Also, each villa will have three private parking spaces.
Waterway Access: All villas will enjoy access to the Tarpon River.
Connectivity: The property’s great location provides easy access to surrounding points of interest.
Unemployment indicators: Greater Fort Lauderdale’s 6.9% unemployment rate is a significant indicator of a recovery in motion compared to the pandemic high of 14% in Q2 2020.
Housing Shortage – There are fewer simple-fee properties for sale in South Florida.