Real Estate Investment & Development Firm Relocates HQ To Trendy Fort Lauderdale Neighborhood

Real estate investment and development firm BH3 announces the relocation of its South Florida offices from Aventura to a 6,266-square-foot space at 819 NW 2nd Ave. in Fort Lauderdale’s Progresso Village neighborhood. The space is part of a converted warehouse spanning 24,257 square feet at 801, 807, 815, and 819 NE 2nd Ave.

BH3 gut renovated and recreated the warehouse into a unique class A retail and office destination in a public-private partnership with Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA). In December 2020, the CRA Board of Commissioners approved $350,000 in incentives to BH3 for the adaptive reuse project now called “Fabrick.”

“Progresso Village is centrally located to numerous projects of ours within South Florida and perfectly aligned with our company ethos rooted in ensuring we enhance the communities we work and live in,” said Daniel Lebensohn, Principal & Co-Founder of BH3. “The area is authentic and has a growing vibrancy, which our project adds to as an active and walkable art installation, illustrating our commitment to being part of the “Fabrick” of this community and ensuring these principles are intertwined.”

The visionary BH3 has made significant investments into Flagler Village, including the FATCity transit-oriented development at 300 N. Andrews Ave. (which is still in design phase) and the home of the popular Chops + Hops Axe Throwing Lodge at 702 NE 1st Ave. Now, the development firm has transformed the industrial building on NE 2nd Ave. into a mixed-use destination, including a compelling assortment of boutique shops, prospective office, and food-and-beverage concepts, to serve thousands of current and incoming neighboring apartment dwellers.

Fabrick is rapidly leasing up with over 50% occupancy, with some tenants open for business or preparing to open in the coming weeks. Native Realty, known for placemaking Flagler Village and other urban neighborhoods that were historically regarded as abandoned, is the exclusive leasing agent of Fabrick on behalf of BH3.

The tenant roster at Fabrick includes:

  • FORM Hair Studio, a professional hair services and styling salon, signed a new lease for over 2,200 square feet.
  • The NOW Massage, a luxury wellness and self-care destination that offers a curated menu of massages and enhancements, signed a new lease for over 2,360 square feet.
  • Thread and Theory, a high-end women’s apparel and clothing boutique, signed a new lease for over 1,120 square feet.

“The recent lease deals and continued demand from prospective tenants underscore how this thoughtful development will help Flagler Village realize its full potential and create a harmonious neighborhood,” said Jaime Sturgis, CEO of Native Realty. “Fabrick is significantly enhancing the neighborhood’s walkability and sense of community, while helping fill the void for new retail, entertainment and creative office space.”

 

 

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