FORT LAUDERDALE, Fla. (May 12, 2021)—Urbane Capital Management, a real estate investment and development firm that focuses on prime infill development projects, today announced the acquisition of a prime land assemblage at 800 NE 2nd St. steps from Las Olas Boulevard in the Victoria Park neighborhood of Fort Lauderdale. The developer acquired the 22,275-square-foot site from 4R USA Investments for $2.35 million in a cash transaction. Closing took place on May 12th.
Urbane Capital Management plans to file for approvals with the City of Fort Lauderdale to develop a collection of 10 three-story townhome residences, each with a private pool, elevator, two-car garage, and an expansive rooftop terrace. “From the moment we identified this site, we were excited about the walkability to Las Olas Boulevard and the access to beaches and downtown Fort Lauderdale,” stated Amin Jamal, Managing Principal of Urbane Capital.
Urbane Capital plans to team up with award-winning architect Stewart Robin of Nest Plans to design townhomes that blend modern architecture and clean lines with warm natural tones and an open floor plan. “We are focused on assembling a team of architects, designers, engineers, and construction firms that share our vision for uncompromising quality, and the result will be an exceptional community of townhouses,” said Nitin Jain, Co-Founder and Principal of Urbane Capital.
Located in the heart of Fort Lauderdale, Victoria Park offers access to upscale living and privacy with proximity to Las Olas Boulevard and the famous beaches of Fort Lauderdale. The tree-lined and family-friendly neighborhood is an urban, walkable oasis with luxury estates and historic architectural gems.
The City of Fort Lauderdale is centrally located 25 miles north of Miami and 20 miles south of Palm Beach County. Fort Lauderdale boasts over 165 miles of waterways and canals, and seven miles of pristine beaches with refreshing ocean breeze.
Urbane Capital Management is a South Florida-based real estate investment and development firm that focuses on infill properties for value-add repositioning, adaptive re-use and ground-up development. The firm is focused on fast-growing markets in Florida and the Southeast with strong demographic tailwinds. Urbane’s principals have collectively more than 60 years of experience in executing complex real estate opportunities through multiple real estate cycles.
For more information on Urbane Capital Management, visit https://www.urbanecm.com.
