Berkadia has arranged an $84 million construction bridge loan for Midtown Capital Partners to complete Astor Park Flagler Village, a luxury apartment project in Fort Lauderdale's Flagler Village neighborhood.

Target Information

Astor Park Flagler Village is a luxury apartment community located in the desirable Flagler Village neighborhood of Fort Lauderdale, Florida. The development, comprising 252 units within a mid-rise structure, is situated at 333 NE 6th Street and spans a 1.42-acre site. Once completed, it will feature a range of market-rate rental residences, from compact studios of 594 square feet to spacious penthouses of up to 1,735 square feet, along with four live-work units on the ground floor.

Designed to offer a high-quality living environment, Astor Park will boast extensive amenities, including a resort-style rooftop pool with skyline views, a bar and resident lounge, a dog park, and dedicated coworking spaces. Additionally, the ground level will incorporate 2,389 square feet of retail space, enhancing the vibrancy of the community, while a structured parking podium will accommodate 318 vehicles.

Industry Overview

The multifamily housing sector in South Florida has shown resilience and growth, driven by strong demographic trends and an influx of new residents seeking urban living experiences. As one of the fastest-gro