This paper analyzes the efficiency of different FPGA architectures consisting of Hybrid logic blocks (HLB) formed with Look-up Tables (LUTs) and Universal Logic Gates (ULGs). Pure LUT-based architectures induce area overhead and a longer delay. A ULG is designed to realize an efficient architecture compared to pure LUT-based architectures. Using this ULG and LUT in different proportions, HLBs are designed. The Field Programmable Gate Array (FPGA) architectures containing these proposed HLB structures are analyzed using various Microelectronics Centre of North Carolina (MCNC) benchmark circuits and compared with the performance of the existing designs. The result shows that the proposed architecture design can save a tremendous amount of time in overall flow and routing along with area improvements.