Business View Civil and Municipal | Volume 2, Issue 12

35 CIVIL AND MUNICIPAL VOLUME 2, ISSUE 11 TOWN OF DAV I E , FLOR IDA proximity to Port Everglades and the Fort Lauderdale/Hollywood International Airport. Just over 15 years ago the town’s council approved a redevelopment area that created the Regional Activity Center to serve students and residents near the successful education hub. According to Holste, “You’ve got all that knowledge there, so the challenge is how do you utilize that to bring businesses into Davie, or help businesses develop in Davie, from incubator stage on up? The Regional Activity Center provides the housing to do that, provides the commercial space, industrial space for the development, so as we’ve seen that population growth, it has been primarily focused on those redevelopment areas.” In the eastern part of the town there is a heavy industrial park near the turnpike. Although Holste knows industrial businesses are valuable, they are also trying to expand to take advantage of the shipping industry. This diversity allows the town to have a balanced tax base, instead of relying solely on single family residential- based taxes. Over the last decade they’ve added more than two million sq ft of industrial, flexible warehouse space, and have another 700,000 sq ft going live in the next two years. Holste explains, “The great thing about that is you bring in businesses, you bring in higher paying jobs, but the cost for services are a lot less significant versus a residential project.” On the medical front, the HCA University teaching hospital opened in Davie in mid- November. The four-story building has 160 hospital beds and has the largest NICU and neonatal ICU unit in the county. It will also serve to educate Nova Southeastern University medical students. The hospital is phase one of an Academic Village project that includes 100,000 sq ft of medical office space; the second phase includes 1,100 residential units and hundreds of 3340 Peachtree Road NE, Suite 1800 Atlanta, Georgia 30326 www.archcoresidential.com 1314 East Las Olas Blvd, Suite 1111 Fort Lauderdale, FL 33301 www.ortsac.com 5800 Reese Road Apartments Davie, Florida UNITS: 170 Luxury Apartments DESCRIPTION: Six-story midrise with resort-style amenities and surface/garage parking EXPECTED OPENING: 2023 LOCATION: In the Town of Davie, just south of I-595 and west of the Florida Turnpike, and just a 15-minute drive from downtown Fort Lauderdale. For more information on this property or others, please visit our websites.