1. Fort Lauderdale Transformation!
Offering Memorandum
Presented By: Landrich Real Estate
300 NW 70th Avenue Suite 106
Plantation FL 33317
Yehuda Chelminsky
Cell :
Office:
iTown
Development at
Fort Lauderdale
Be the VIBE of Downtown
Fort Lauderdale Transformation! 
live-work-play environment
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

2. iTown – Fort Lauderdale
Vision
Introducing THRIVING development Located at 208 SE 9th St, Fort Lauderdale, Florida.
Amazing location Near Restaurant and Shopping district of Las Olas Boulevard and downtown Fort Lauderdale night life and Bars.  Opportunity to be near The New “Brightline station” off 2nd Avenue, connecting you to West Palm Beach and Miami.
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

3. iTown – Fort Lauderdale
Vision
Incredible Income Potential!
This project consist 6 floors of prime balcony view apartments, combination of 1 and 2 bedrooms totaling 41 units.
The building will consist of approximately 27,579 Rentable Square Footage.
The first floor to feature a business center, workout facility, and spacious lobby front.
The land is zoned RAC-RPO, allowing for 150 feet of height in Fort Lauderdale' s downtown zoning district.
The project has been approved by the City of the Fort Lauderdale, DRC and DRT.
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

4. Projection Construction Expenses
iTown – Fort Lauderdale
Projection Construction Expenses
Floor
Purpose
Amount
Size sqft
Constraction cost sqft/$
Sum
Gym & Lobby 1
2,700 $
$337,500
Residencial $0
Public area
700 $
$49,000
Parking 17
11,600 $
$638,000
Business center
846
$105,750
3x1br + 1x2br
2,533
$316,625
950
$66,500 15
10,671
$586,905 2
3x1br + 2x2br
3,377
$422,125 $
$71,250 18
10,673
$587,015 3
Pool area
7,139
$535,425
5x1br + 5x2br
6,761
$845,125
1,100
$82,500 4
7x1br + 4x2br
7,035
$879,375 5
7x1br + 4x2br
Sum:
75,996
$ ,533,220.00
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

5. iTown – Fort Lauderdale
Projection Income and Expense
Unit Breakdown
Amount
Sqft
Rent - $ / Sqft
Monthly Avg -rental Income
Yearly Avg -rental Income
1 Bed / 1 Beth 25
563
$2.7 - $3.2
$ ,180.00
$ ,160.00
2 Bed / 2 Beth 16
844 $
$ ,525.00
$ ,300.00
Sub total:
$ ,705.00
$ ,460.00
Unit Breakdown
Amount
Sqft
Utilities Charge
Monthly Avg. Utilities Income
Yearly Avg. Utilities Income
1 Bed / 1 Beth 25
563 $
$ 2,500.00
$ ,000.00
2 Bed / 2 Beth 16
844 $
$ 2,400.00
$ ,800.00
Sub total:
$ ,900.00
$ ,800.00
Property Expenses / Yearly
Management (25%)
$ ,815.00
-Includes Property maintenance
Taxes
$ ,000
Vacancy 4%
$ ,570
Sub Total:
$ ,385
Total Yearly Income: :
1,039,260
Return Furmula
Yearly Income
$ 1,039,260.00 -
Yearly Expenses
$ ,385.00 =
NOI
$ ,875.00 /
Project Cost
$ 9,133,220.00
Cap Rate
7.0%
The information above is not warranted and should be verified through local municipalities
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation i $ 1,000
s made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

6. iTown – Fort Lauderdale
Demographics
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.

7. iTown – Fort Lauderdale
Demographics
Demographics
Fort Lauderdale has many attractions from beautiful beaches ,great Night life and Restaurants. Making it one of the most attractive cities in South Florida.
Disclosure: All information furnished regarding property for sale is deemed reliable, but no warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, or withdrawal without notice.