Urban Street Development
Urban Street Development is a private Fort Lauderdale-based commercial real estate developer managing $750M+ in Florida mixed-use, multi-family, hospitality, retail, and self-storage projects, integrating culinary placemaking through affiliate The Restaurant People.
- Company typePrivate
- Founded2006
- HeadquartersFort Lauderdale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Urban Street Development does
Urban Street Development is a privately held commercial real estate development firm headquartered at 421 N Andrews Avenue, Fort Lauderdale, FL, founded in 2006 and led by co-founders Alan C. Hooper and Tim Petrillo. The company owns, manages, and has in development more than $750 million of commercial real estate concentrated in Florida, spanning mixed-use districts (FAT Village in Fort Lauderdale, CollegeTown in Tallahassee), multi-family residential (The Queue, Avenue Lofts, The Madison, The Flats, The Odyssey, plus Forge, Foundry, and Mill Lofts), hospitality (a 143-key Hotel Indigo with an 83-key expansion), retail and Class-A office (Las Olas Boulevard locations, New River Trading Post), and self-storage/industrial assets (ExtraSpace Storage, Tarpon River Storage).
The firm's distinguishing technical approach is integrated placemaking — combining real estate development with culinary and hospitality expertise drawn from affiliated company The Restaurant People (700+ employees operating venues such as Giselle, Rosa Sky, YOLO, S3, Casablanca, and Boatyard). Urban Street collaborates with institutional capital partners, notably Hines on the 1,000,000+ sq. ft. FAT Village project featuring 858 residential units, a T3 office building, and structured ground-floor retail, as well as hospitality and retail concepts proven at CollegeTown.
Urban Street monetizes through a portfolio of development fees, equity participation in mixed-use projects, recurring retail and Class-A office leasing across more than 61,500 sq. ft. of Florida inventory, and direct hospitality revenue via the affiliated restaurant portfolio. Its go-to-market is enterprise-field-sales led, relying on direct partnerships with landowners, institutional investors, and co-developers for project-based engagements in Fort Lauderdale, Tallahassee, and Delray Beach.
Urban Street Development firmographics
Firmographics- Name
- Urban Street Development
- Legal name
- Urban Street Development
- Website
- https://urbanstreetdevelopment.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Urban Street Development is a private Fort Lauderdale-based commercial real estate developer managing $750M+ in Florida mixed-use, multi-family, hospitality, retail, and self-storage projects, integrating culinary placemaking through affiliate The Restaurant People.
- Ownership category
- akta.pro rank
Urban Street Development industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Commercial and Institutional Building Construction (23622), Land Subdivision (237210), Residential Building Construction (23611)
- SIC
- Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Retail & Mixed-Use Commercial Construction (IMAFACAB)
- akta.pro secondary industries
- Urban Planning & Master Planning (BPAHAKAD), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Urban Street Development is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Urban Street Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Commercial Real Estate Development: Development fees and equity participation from commercial, hospitality, industrial, multi-family, and mixed-use projects throughout Florida. Portfolio exceeds $750 million in owned, managed, and in-development commercial real estate.
- Restaurant and Hospitality Operations: Direct ownership and operation of restaurant and hospitality venues through affiliated company The Restaurant People. Venues include Giselle, Rosa Sky, YOLO, Java & Jam, TRP Taste, S3, Casablanca, and Boatyard.
- Retail and Office Leasing: Leasing revenue from retail and Class A office spaces across Florida properties including Las Olas Boulevard, Delray Beach, and Tallahassee locations totaling over 61,500 Sq. Ft.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Urban Street Development product offering
Product offeringCore offering
Urban Street Development is a Florida-based commercial real estate developer that owns, manages, and has in development more than $750 million of mixed-use, multi-family residential, hotel, retail, self-storage/industrial, and office properties. The firm combines real estate development with placemaking and culinary expertise from affiliated hospitality operator The Restaurant People to transform urban districts into walkable, activated neighborhoods, including signature projects FAT Village (with Hines) and CollegeTown at Florida State University.
Product overview
Urban Street Development is a commercial real estate development company that transforms places into exciting neighborhoods through mixed-use development projects. The company operates a portfolio of distinct products spanning mixed-use developments (FAT Village in Fort Lauderdale, College Town in Tallahassee), multi-family residential (The Queue, Forge Lofts, Avenue Lofts, Foundry Lofts, Mill Lofts, The Madison, The Flats, The Odyssey), hotels (Hotel Indigo), retail properties, and self-storage/industrial facilities. The company combines real estate expertise with its restaurant company partner, The Restaurant People, to create vibrant, walkable neighborhoods featuring culinary and placemaking elements. Currently, Urban Street Development owns, manages, and has in development more than $750 million of commercial real estate throughout Florida.
Differentiator
Problem solved
Functional benefit
Products and services
- FAT Village A 1,000,000+ square foot mixed-use development in Flagler Village, Fort Lauderdale featuring 3 high-rise buildings with 858 residential units, a T3 Class AA Office Building (176,655 sq. ft.), 83,638 sq. ft. of ground floor retail, and a 1,200-car parking garage; co-developed with Hines and marketed as a creative hub.
- College Town A 580,000+ sq. ft. mixed-use development at Florida State University in Tallahassee with 78,000+ sq. ft. of ground level retail, 318 residential units, a 142-room Hotel Indigo (with 83-key expansion), and parking for 1,000+ vehicles across 2 garages.
- New River Trading Post A 36,000 sq. ft. mixed-use project in Fort Lauderdale combining residential, retail, and office spaces.
- Hotel Indigo Tallahassee - CollegeTown Stadium Tower
Quantifiable outcome
- 2015 Urban Land Institute (ULI) North Florida Award for Excellence for CollegeTown, Tallahassee
- +1 more outcomes
Companies that use Urban Street Development
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Urban Street Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Urban Street Development partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- HinescoreUrban Street Development partnered with Hines, a major international real estate firm, to develop FAT Village in Flagler Village, Fort Lauderdale. This 5.6-acre mixed-use development represents over 1,000,000 Sq. Ft. with 3 high-rise buildings, 858 residential units, T3 Office building with 176,655 Sq. Ft. Class AA office space, and 1,200-car parking garage. Hines led the development team with Urban Street providing placemaking and hospitality expertise.
- The Restaurant PeoplecoreUrban Street Development is affiliated with The Restaurant People, a renowned restaurant company providing culinary expertise and hospitality operations. This relationship enables Urban Street to integrate food and beverage concepts into developments, creating activated neighborhoods with authentic dining experiences.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Urban Street Development competitors and assessment
Company assessmentBroad incumbents
- AvalonBay Communities: Public multifamily REIT with significant development pipeline in high-growth Florida markets. Comparable product (Class A urban/suburban multi-family) but vastly larger capital base and national footprint.
- Hines: Global real estate investment, development, and management firm; Urban Street's co-development partner on FAT Village. Comparable as a large-scale mixed-use developer, though Hines operates at far greater scale and with institutional capital globally.
- Lennar Multifamily Communities (LMC): Large institutional multifamily developer with major Florida operations. Comparable as a builder of for-rent residential communities but operates at materially greater scale and capital base than Urban Street.
Direct peers
- Property Markets Group (PMG): Miami-based luxury residential and mixed-use developer active across South Florida. Closely comparable in product (high-end multi-family towers with retail/office), geography, and emphasis on design-driven placemaking.
- The Related Group: Major Miami-based developer of luxury residential, mixed-use, and commercial properties throughout Florida. Directly comparable as a Florida-focused mixed-use developer building walkable, amenity-rich neighborhoods in similar South Florida submarkets.
- RAM Realty Services: Florida-focused multifamily and mixed-use developer with projects across the state. Comparable product mix (urban mid-rise and mixed-use) and Florida geographic footprint overlapping Urban Street's core markets.
- The Allen Morris Company: Florida-based commercial real estate developer and property manager with multi-family, office, and mixed-use projects across the state. Comparable as a long-standing Florida CRE operator focused on urban infill and mixed-use districts.
- Stiles Corporation: Fort Lauderdale-based commercial real estate developer with deep South Florida roots across office, retail, mixed-use, and industrial. Comparable as a Florida-centric CRE firm with multi-decade track record and similar client base of institutional investors.
- Atlantic Pacific Companies: National multifamily and mixed-use developer with significant Florida exposure. Comparable in product (large-scale multi-family communities) and target market (urban, walkable neighborhoods).
- Crescent Heights: Miami-headquartered high-rise residential and mixed-use developer with deep Florida and coastal US presence. Comparable product mix (luxury multi-family + ground-floor activation) and similar placemaking-driven approach to urban neighborhoods.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Urban Street Development social profiles
Digital presenceUrban Street Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Urban Street Development leadership team
Management profileNumber of profiles
Profiles2 records
Urban Street Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Urban Street Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Urban Street Development
What does Urban Street Development do?
Urban Street Development is a Florida-based commercial real estate developer that owns, manages, and has in development more than $750 million of mixed-use, multi-family residential, hotel, retail, self-storage/industrial, and office properties. The firm combines real estate development with placemaking and culinary expertise from affiliated hospitality operator The Restaurant People to transform urban districts into walkable, activated neighborhoods, including signature projects FAT Village (with Hines) and CollegeTown at Florida State University.
Is Urban Street Development a public or private company?
Urban Street Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Urban Street Development founded?
Urban Street Development was founded in 2006. It employs 11 to 50 people.
Where is Urban Street Development based?
Urban Street Development is headquartered in Fort Lauderdale, United States, in the North America region.
How does Urban Street Development make money?
Three revenue lines are on record. Commercial Real Estate Development is the primary driver. The others are restaurant and Hospitality Operations and retail and Office Leasing.
Who are Urban Street Development's main competitors?
Broad incumbents on record are AvalonBay Communities, Hines and Lennar Multifamily Communities (LMC). Direct peers are Property Markets Group (PMG), The Related Group, RAM Realty Services, The Allen Morris Company, Stiles Corporation, Atlantic Pacific Companies and Crescent Heights.
Does Urban Street Development have an API?
No public API is recorded for Urban Street Development.
What industry is Urban Street Development in?
Urban Street Development's product category is Commercial Real Estate Development. Its primary akta.pro industry code is IMAFACAB, Retail & Mixed-Use Commercial Construction, with a secondary code of BPAHAKAD, Urban Planning & Master Planning. Its NAICS code is 23622 and its SIC code is 1531.