The City of Fort Lauderdale has intertwining master plans to help protect neighborhoods by ensuring that new developments adhere to well-balanced guidelines.
The Downtown Master Plan protects residential neighborhoods by directing large scale, high-rise and high-density developments to the downtown core. The most intensive, commercially oriented, central business district types of development will be concentrated in the mixed-use urban center.
“Mixed-use growth” plans aspire to redesign areas so residents can work, shop, learn, worship, and find recreation close to home.
The City is encouraging redevelopment that protects history and builds on the unique characteristics and distinct identities in our neighborhoods.
The plans aim to encourage redevelopment that is attractive, compatible with neighborhoods, pedestrian-friendly, and transit-oriented.
The City of Fort Lauderdale continues to maintain healthy property values. According to the Broward County Property Appraiser’s Office, the assessed value of taxable property in the City as of July 1, 2011 is approximately $23.6 billion. In Fort Lauderdale/Broward County, pending sales of residences at the end of July were up 4 percent over last year's sales, from 7,830 to 8,124.
Downtown Development Authority (DDA)
The Downtown Development Authority (DDA), a special taxing district, was formed to provide for the rehabilitation, redevelopment, and revitalization of slum and blighted areas in the downtown. The DDA seeks to provide a critical link between the economic development and physical development objectives of Downtown Fort Lauderdale.
The DDA is currently overseeing a downtown transportation project, which will develop a transit plan that provides various options for people coming to and traveling within the downtown region. One of the key components of the project includes a demonstration transit shuttle system, such as light rail, that will link various destinations in the downtown to nearby parking facilities. The project will also include corridor improvements, such as streetscape amenities, including landscaping, wide, shaded sidewalks, lighting, and street furniture.
Uptown’s many assets include high-quality office and industrial space, nearby housing, a walk-to-work Tri-Rail Station, convenient access to I-95 and one of the busiest executive airports in the nation. Kaplan University has opened a facility that employs 700 people in Uptown. The BankAtlantic Corporate Headquarters opened in Uptown, bringing more than 300 jobs to the area.
Read more: Fort Lauderdale Rental Market Booming http://www.fortlauderdale.gov/Home/Components/News/News/489/16