Morgan Group, a US-based developer, and J.P. Morgan Asset Management have started construction on Pearl Flagler Village, a 350-unit urban rental community, in Fort Lauderdale, Florida.
The new seven-storey building is Morgan’s second project within the Flagler Village neighborhood. The housing units will be available in various options, including 12 studios, along with 239 one-bedroom, 79 two-bedroom and 20 three-bedroom apartments.
The resident business centre features collaborative workspace, private office cubbies and a conference room. It will also include a media lounge, warming/presentation kitchen, a centre with yoga studio, mailroom with parcel lockers, and a one-of-a-kind AquaLounge complete with cabanas and fire pits.
Outdoor amenities at the development include covered seating areas with gas grill stations, a dog park and a heated salt-water pool. The first units are set to be opened during the second half of 2018.
Morgan Group regional vice president Evan Schlecker said: "Flagler Village is going through a renaissance, and we are excited to be back in this submarket.
"We are less than five minutes from high-end restaurants and retail located just a few blocks to the south and east of us. Now that the neighborhood has hit a critical mass, we believe the offerings available to our residents will keep multiplying.
"Retail developers continue to study sites all around us in an attempt to capture the spending strength of the new residents that MORGAN and others are delivering."