Hines, and its partners, Urban Street Development, Cresset Real Estate, Las Americas, Hudson Capital, and Halmos Holdings, have broken ground on FAT Village (Flagler. Arts. Technology), a mixed-use master-planned urban destination in Flagler Village.

The groundbreaking follows the origination of a $220 million construction loan for the project in December.

The 5.6 acre project will deliver more than 850 residential units across three towers, 180,000 square foot mass timber-built Class AA office space with an industrial character with modern conveniences, more than 80,000 square feet of food, shopping, entertainment, art studios, and galleries, and a 1,200-space commercial parking structure.

The project will be constructed in two phases. The first phase will be completed in 2027 and will include the T3 FAT Village office building, 601 apartment units in two multifamily towers, nearly 74,000 square feet of ground-floor retail, and the parking structure. Phase 2 will follow once Phase 1 is fully occupied. 

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