Fort Lauderdale mixed-use project eyes March groundbreaking

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November 24, 2020
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As reported in The Real Deal.

A proposed mixed-use development near Fort Lauderdale’s Flagler Village aims to break ground in mid-March.

Thrive Progresso will bring 80,000 square feet of office, mini-warehouse and food and beverage space to about 5 acres at 746 Northwest 5th Avenue, Jonathan Fish told The Real Deal. Fish and his brother, Abraham, are developing the project.

Fish wants to create a Wynwood-type district for Fort Lauderdale with a stage area for concerts and plenty of walking space, he said.

He spent about four years and more than $5 million assembling the development site, according to records.

Leases will range from $17 per square foot triple-net to $25 per square foot, triple net, and the project is expected to have its own parking. The project received about $3 million from the city’s Community Redevelopment Agency.

Fish expects to submit construction documents in the next couple of weeks before going through permitting. He wants to complete the project by the end of September 2021, he said.

Fish is also president of National Water Restoration, a South Florida household and business cleaning company, according to his LinkedIn.

Flagler Village has attracted much investor interest lately. Recent big-ticket deals in the area include the $14 million purchase of a development site by Dev Motwani, and affiliates of Jenco Properties paying $67.5 million for a Flagler Village rental complex.

Other proposed developments in Fort Lauderdale include 3000 Alhambra, a high-rise oceanside condo development by Kolter Urban, and a Publix supermarket planned for Fort Lauderdale’s Lauderdale Beach neighborhood.