“You get what you pay for”: Fort Lauderdale will pursue $217M city hall project

by TRD Staff

After briefly considering buying and retrofitting an existing building into a city hall, Fort Lauderdale reverted to its original plan to develop from the ground up.  Commissioners voted 3-2 on Thursday in favor of having a developer build a $217.1 million city hall, which would cost Fort Lauderdale $15.8 million annually for 30 years, the South Florida Sun-Sentinel reported. FTL City Hall Partners LLC, an entity with a development team that includes Core Construction and the Stiles family’s eponymously named firm based in Fort Lauderdale, will be the developer.  The vote came after commissioners delayed proceeding earlier this year due […]

This article originally appeared on The Real Deal. Click here to read the full story.

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Stevan Stanisic

Stevan Stanisic

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Real Estate Advisor | License ID: SL3518131

Real Estate Advisor License ID: SL3518131

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