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Cashflow In Miami
January 15, 2022

Raintree Riverwalk is Coming to Fort Lauderdale!

408 Southwest 4th Avenue, Fort Lauderdale

The developer, Cymbal Development, is looking to build out a piece of historic property, on the south bend of the river ba

Owner, Asi Cymbal has partnered up with PALMA, currently pursuing the new Joint Government Center in Fort Lauderdale, to redesign a proposal for 408 Southwest 4th Avenue; a two-tower, mixed-use development that will rise to 32 and 35 stories tall. The property is currently home to a century-old African rain tree; one that’s been protected and preserved for quite some time, canopying over the park grounds as far as 125-feet. Contrary to most underdeveloped sites, Cymbal has chosen to continue the preservation of the tree and build the towers with respect to it.

Bounded by SW 4th Ct. to the south, SW 3rd Ave. to the east and the New River to the north, the proposed towers could yield up to 1.89 million square feet spanning across 784 residential units – split between 434 units in the east tower and 350 in the west tower -, 18,243 square feet of retail spaces, up to 818 parking spaces, encompassing a 2.42 acre site. A public walkway between the two structures will lead to a destination experience with public art, restaurants, water features, an amphitheater, and a dock with a potential water taxi stop.

This project was once known as Marina Lofts, a proposal met with a public outcry due to the plan to remove the old tree, and it featured designs from Bjarke Engels. The new proposal officially goes by the name Raintree Riverwalk Residences, and the renders by PALMA reveal a staggering design language that aims to pay respects to the century-old tree, incorporating gardens and greenery. The tree will remain in place for future residents and visitors to come see. The design features two multi-dimensional structures decorated with stacked balconies atop multi-story podiums, all likely clad in white stucco. One of the most notable aesthetics of the new design are the recessed and cantilevered rectangular forms, incorporating both the windows and balconies. Each vertical row of rectangular forms sets back along the perimeter walls, which is for the most part what gives the buildings their character.

If protected tree dies the developer will owe the city $1 million. On the attached picture you can see this beautiful old giant :)

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