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Announcement

551

By
Cashflow In Miami
on
October 5, 2021
11 story new waterfront development approved in Fort Lauderdale!

551 Bayshore Drive, Fort Lauderdale

65-unit project, with completion expected in early 2025 is all approved. The development will include 32 condos with three bedrooms and a den; 29 with three bedrooms or two bedrooms and a den; and four with two bedrooms. Four of the units will be ground-level villas, two facing the Intracoastal Waterway and two facing the front of the property.

The two-building condo project will feature private resident dining service, meeting rooms, exercise rooms, a swimming pool, a garden, 151 vehicle parking spaces, and a dock on the Intracoastal Waterway.

The 1.54-acre development site on Bayshore Drive is an assembly of four vacant parcels that touch the Intracoastal Waterway. The site’s land-use designation is “Central Beach Regional Activity Center,” and its zoning is “Intracoastal Overlook Area.”

A company called Bayshore Concepts LLC assembled the development site 10 years ago by acquiring four waterfront parcels on Bayshore Drive, including one without a street address, according to Broward County property records. Bayshore Concepts, managed by Par Sanda, acquired the parcel at 529 Bayshore Drive and the parcel without a street address in a purchase totaling $3.05 million in 2011, and that same year, the company took ownership of the other two parcels at 537 and 553 Bayshore Drive via foreclosure actions.

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