For many people Fort Lauderdale evokes images of “Where the Boys Are,” Yankee spring training, Swimming Hall of Fame, and certainly “Venice of America.” But, in recent years, Fort Lauderdale has evolved into a vibrant metropolitan center. While tourism and vacation related businesses remain a key part of the local economy, Fort Lauderdale today has experienced a paradigm shift towards expanding corporate and small business interests looking for space in the city center serving more than 3 neighboring Broward County municipalities. Over the last five years, 123 companies have chosen the Fort Lauderdale business environment or expanded their operations with the assistance of the local government support agencies.
With a population of 2.1 million, Broward is the state’s second most populous county after Miami-Dade, and 18th in the nation. The impressive cluster of mid- and high-rise residential and commercial buildings along the New River in downtown Fort Lauderdale is home to dozens of diverse companies as well as the growing government, health-care and service related companies.
Therein lies the exceptional attraction of 488 Riverwalk Residences, a Mixed-use high-rise with 362 residences in the desirable Riverwalk section of downtown. Many people living in the downtown residential towers work in the city center and can walk or bike to their jobs, take the Sun Trolley, Water Trolley or Water Taxi, and soon the new “Wave” Streetcar.
We invite you to examine this truly advantageous opportunity. It may just represent one of the last and best locations to take advantage of the demographic strength of the Fort Lauderdale Riverwalk popularity.
Overview of 2017 City of Fort Lauderdale Accomplishments
- Top 10 U.S. Markets to Watch (#6)
- Current millage rate of 4.1193 ranks as the lowest among 25 largest cities in Florida
- Lower crime rate in clean and graffiti-free public spaces
- Fire & Rescue became one of the only 32 departments out of 47,000 nationwide to achieve both an ISO Class-1 rating and CFAI national accreditation
- Home of most recognized Boat Show in the world, with a $857 million economic impact
- City earned a national accreditation from the Commission for Accreditation of Park and Recreation Agencies (CAPRA)
- $200 million in bonds issued to fund priority water and sewer infrastructure improvements
- Welcomed a record of 16 million visitors who spent $14 billion
- Added 16,622 new jobs, lowering the unemployment rate to 3.4%
- Brightline/All Aboard Florida Railway Station is now opened providing service between Miami and West Palm Beach
“10th Best Job Market in U.S.”
“Top 10 Most Exciting Cities in America”
Movoto National Real Estate
“Top 10 Best Places to Retire”
“Top 10 Small American Cities of the Future”
Foreign Direct Investment Magazine
“Top 100 Best Cities to Start a Business”
“Top 10 City for Real Estate Investment”
Brightline provides express service between Miami and West Palm Beach, and planned future service to Orlando. The Brightline stations are centrally located downtown. Brightline offers free onboard Wi-Fi and outlets at each seat, large windows and food and beverage options.
THE WAVE (coming in 2021)
At first, the wave will travel through the downtown and Flagler Village areas, but there are plans for the Wave to connect to the Fort Lauderdale Hollywood International Airport and the Port Area in the future. 488 Residences at Riverwalk will have a Wave stop within one block connecting all residents conveniently and quickly throughout the downtown and Las Olas City Center. The Wave will increase mobility for everyone, and a federal investment of this magnitude recognizes the community’s support and desire for transportation choices that improve our quality of life. The current expected completion date for the Wave is 2021.