Home Venture Investments, a development firm based in Hollywood, Florida, is moving forward with a midrise proposal in Fort Lauderdale’s Progresso Village. Designed by FSMY Architecture, the multifamily apartment building will rise behind The Six13 at 312 NW 7th Street, and together, the two developments will fully occupy the block between NW 7th Street and NW 3rd Avenue. The project is expected to include 442 residential units, of which 10% are allocated as affordable units. This translates to 379 market rate units and 43 affordable units, split between either studio, 1 bedroom, or 2 bedroom orientations.
Although Progresso Village has historically been low density and focused on single family homes, despite substantial upzoning, the proposed development aims to ease the transition through improved ground floor design. The street level will feature residential units with direct street access, 1,667 SF of commercial space, and upgrades to both landscaping and sidewalk infrastructure. Notably, the project will offer nearly 19,000 SF of open space, as well as a central courtyard that acts as one of the several amenities for residents, such as a pool, rooftop lounge, and more.
To accommodate both residents and retail customers, the building will provide 581 parking spaces (a reduction of 119 spaces from the required 700), made possible by an approved parking reduction under the code.
According to elevations, the building will rise 8 floors and measure 91 FT. Designed with a modern look, the facade will be primarily composed of a gray and white color pallete, as well as large impact resistant windows and metal railings. On the south side of the development is an open-air parking garage, with little screening to hide the garage from the outside environment.
As per comments by Fort Lauderdale’s Development Review Committee, staff has found that the building design must include changes including the addition of ‘enhanced architectural screening’, facade articulation, and a stepback above 65 FT. Other comments can be found here: https://www.fortlauderdale.gov/home/showpublisheddocument/90015.
The scheduled meeting to review the development is set for June 10, 2025. If the project acquires all necessary approvals, the developer will be required to demolish the existing low-rise structures on-site before construction can begin.