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Fort Lauderdale Update!!

Cashflow In Miami
January 27, 2022

Fort Lauderdale Mixed Use  1,73 Million sq ft 546 Feet Tallest Tower Announced!

300 West Broward Boulevard, Fort Lauderdale

Plans to build Fort Lauderdale’s tallest building have been submitted to the Development Review Committee for 300 West Broward Boulevard, a 48-story mixed-use development proposed to rise in Downtown Fort Lauderdale. The property is more specifically located in the Sailboat Bend neighborhood near Las Olas and Beverly Heights, fronting West Broward Boulevard to the north in between Southwest 4th Avenue and Nugent Avenue to the west and east. The tower would conveniently rise approximately 2 blocks away from the Brightline Fort Lauderdale train station and the Riverwalk north of the New River. K-A 300 Broward JV LLC, a joint between New York-based Kushner Companies and Denver-based AIMCO, is listed as the developer – who have the development under contract from FTL/AD LTD. ODA Architecture is listed as the design and landscape architect with Stantec as the architect of record, and Witkin Hults + Partners as the landscape architect of record.

Fort Lauderdale’s potential future tallest building would rise approximately 546-feet to the roof level, or 558-feet if you were to include the bulkhead level. The structure would be comprised of 1,732,535 square feet of new construction including 956 residential units, 23,752 square feet of commercial space, 23,855 square feet of amenities, and 1,031 parking spaces all built over a 2.3-acre lot. Units would come in a diverse set of sizes and floor plans including studio, one-bedroom, one-bed + den, two-bedroom, two-bed + den, three-bedroom and penthouse. These would range anywhere between 563 square feet and 3,156 square feet; 31% of units would be one-bedrooms, and another 24% would be two-bedrooms. 18 penthouse units would be located on the 47th floor.

The proposed design for 300 West Broward Boulevard is a major departure from the typical architectural style seen just about anywhere in Fort Lauderdale within this height class. The building would feature two towers rising out of a 10-story podium positioned at two highly visible corners of the site, the northwest corner of West Broward Boulevard and Southwest 4th Avenue and one at the southeast corner of Nugent Avenue. The south tower angles towards the north tower as it rises, connecting at the 38th floor. The top 11 floors create a dramatic bridge massing that forms a rather dynamic form, acting as a symbolic gateway into the area. The developer stated in the application that the building would stand as an elegantly sculpted icon in the City’s skyline, and that it would take advantage of the best views as the tower is wrapped in continuous balconies.

The exterior of the building sports a façade made up of a window wall system with floor to ceiling glass, paired with a pattern of stucco panel walls. The inner façades of the towers are lined with stucco panels. The podium parking garage is lined with perforated metal panels and complemented with landscaping. The pedestrian underpasses at the ground level are covered in white trellis structure arcades.

Amenities at 300 West Broward Boulevard would include a massive pool deck with a sunrise and sunset pool, cabanas, a sun deck with pergolas, lounging areas with a garden and fire pits, a bar and breakfast area, bistro seating, kitchenette, rock climbing and children’s play area, a gym parkour and exercise equipment, multiple common spaces, and a paved walking loop.

501 Northwest 7th Avenue, Fort Lauderdale, Florida, 33311

West Village mixed use coming to FLL might be called Adderley!

West Village is unfolding in the heart of Fort Lauderdale, FL. When completed, it’ll offer residential, commercial, and retail space. It’s owned by Altis Cardinal, LLC.

The $103 million project offers two six-story residential buildings, offering 455 units. Homes range from studios to multi-bedroom layout plans, comprising both apartments and townhomes. Layout plans start at 450 square feet, and 45 of those units are set aside as affordable housing. People who don’t make more than 100 percent of the area median income qualify.

Residents will enjoy the six-story parking garage that will include about 500 spots. The garage requires more than 600,000 square feet of new construction. In addition to the residential space, plans are underway for 17,000 square feet of commercial space.

CRA Revitalize Fort Lauderdale notes that West Village’s name may be changed to “The Adderley” in honor of a teacher who taught at Dillard High School in the 1940s and 1950s.

Construction on the endeavor is expected to finish in 2024. Involved parties on the venture include Corwil Architects, Inc. (the architect), Verdex Construction (the general contractor), and KEITH (Corporate Office), the civil engineer.

2301 S.E. 17th St, FLL

Pier 66 getting three towers?

The owner of the Pier Sixty-Six Hotel & Marina in Fort Lauderdale is floating a new plan to redevelop the property, this time with taller luxury condos.

Designed by Miami-based Arqutiectonica, the preliminary plans show three condos reaching 480 feet in height with 130 units each. All of them would have pools on the balconies. Two of the condos would go on the marina on the south side of the 17th Street Causeway and the third condo would go on the western side of the hotel site, replacing the former Grille 66 & Bar restaurant, which closed in early 2020 after its lease expired. That building also had a ballroom.

The Pier Sixty-Six Hotel closed for renovations in 2019. Blakley said the hotel should reopen in early 2024. Tavistock is also building an addition to the historic hotel, two condos with about 76 units, 39 waterfront villas and 12 single-family homes on the site, although it has yet to officially launch sales for the condos.

In addition to what Tavistock is currently building, the previous owner obtained approval for offices, retail, a dry stack marina and a 150-room hotel to be constructed in addition. Since that area has a 120-foot height limit, those buildings would be fairly bulky and make it harder to see the water from the street. It would be possible for Tavistock to build three 480-foot-tall condos instead if Fort Lauderdale raised the height limit. There would be no additional commercial or hotel development, although there would be some commercial space in the ground floor of the northernmost condo.

Kushner Companies won approval to bring a four-tower, mixed-use development to downtown Fort Lauderdale, with 1,300 apartments, office and retail, and possibly a hotel.

Construction of the Broward Boulevard project is expected to start in the first quarter of 2022 and finish in phases in 2026.

Kushner proposed for the 4.2-acre development site at 200, 300 and 520 Broward Boulevard. The zoning was changed from “regional activity center-west mixed use” to “regional activity center-city center,” Fort Lauderdale’s high-density downtown zoning district.

The unnamed mixed-use development, known informally at Kushner Companies as the “Broward Crossing” project, will require debt plus equity investments totaling $700 million.

1300-1430 S.E. 17th St. FLL

The South Harbor Plaza shopping center in Fort Lauderdale sold for $40 million.

Santa Ana LLC, South Harbor Plaza Joint Venture and New Prime Land, all managed by Andrew L. Martin in Fort Lauderdale, sold the 91,634 square feet of retail and some office space at 1300-1430 S.E. 17th St. to Chapter Two Investments LLC, managed by Fort Lauderdale real estate investors Steve Hudson of Hudson Capital Group and Charlie Ladd of Barron Commercial Development. The buyers obtained a mortgage from Valley Bank and $18 million in equity financing from Las Olas Capital Advisors

The price equated to $437 per square foot. It is situated on an 8.22-acre site.

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