Hines, along with its partners, has announced the official ground-breaking and commencement of construction for a mixed-use master-planned urban destination, FAT Village, in Florida, US. 

The aforementioned partners comprise Urban Street Development, Hudson Capital, Cresset Real Estate, Las Americas, and Halmos Holdings. 

Following a $220m construction loan secured last December, the commencement of construction marks a milestone in the project's timeline.  

The 5.6-acre mixed-use urban development in Fort Lauderdale is hoped to transform the district and foster an authentic community at the centre of Flagler Village.  

Hines managing director Alan Kennedy said: “FAT Village will pay homage to and retain the neighbourhood’s creative spirit and artistic presence while creating a lively destination that will engage the community and enhance Fort Lauderdale’s urban fabric.” 

The development is anticipated to bolster the Fort Lauderdale economy, attract investors, and generate jobs. 

It will include more than 850 residential units across three towers, Class AA office space, and more than 80,000ft² of food, shopping, and entertainment, as well as art studios and galleries.  

It will also have a 1,200-space commercial parking facility.  

Hines intends to introduce its Timber, Transit, and Technology (T3) mass timber office concept to FAT Village, providing nearly 180,000ft² of Class AA office space.  

Construction will be carried out in two phases.  

Expected to be completed by 2027, the first phase will include the T3 office building, 601 apartment units, nearly 74,000ft² of retail space, and the parking facility.  

Phase two will commence once the initial phase reaches full occupancy. 

Last month, PSP Investments announced a partnership with Hines to develop The Hangar District neighbourhood in Toronto, Canada.