April 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update

Billionaire and Miami Dolphins owner Stephen M. Ross grabbed headlines this month as he broke ground on West Palm Beach’s South Flagler House and proposed a brand-new, two-tower condo community in the neighborhood. In what’s an emerging trend, developers across South Florida, including Ross’ Related Companies (not Related Group), are proposing condo towers in partnership with religious bodies to create communities with a deeper sense of belonging.

Further, with developers staying bullish on beachfront development sites due to consistent buyer demand, a pair of Canadian developers purchased a 1-acre lot that is pre-approved to build a condo-hotel in Pompano Beach. Read below to find details on these and more updates in our April 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach:

Broke Ground

Planned/Proposed

Watchlist



— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: New Buildings Broke Ground


South Flagler House by Stephen Ross’ Related – West Palm Beach

Groundbreaking – April 2024 | Completion – Spring 2027

South Flagler House by Stephen Ross’ Related – West Palm BeachSouth Flagler House by Stephen Ross’ Related – West Palm Beach


Owing to great buyer response after launching sales just last November, New York-based Related Cos. accelerated its construction schedule to break ground this April. Bringing a touch of New York to West Palm Beach, billionaire Stephen Ross’ Related Companies selected two prominent design studios to help develop the landmark project. Pembrooke & Ives will be handling interiors, while the award-winning Robert A.M. Stern Architects (RAMSA) will handle architecture.

Located at 1355 S. Flagler Drive along the Intracoastal, South Flagler House will rise as a pair of 28-story towers, with a total of 108 sprawling residences. Units will range from a very generous 2,000 square feet for a one-bedroom to over 13,000 square feet for a five-bedroom home.

Health and wellness-focused amenities will include a 25-meter lap pool, an ice plunge pool, a hot tub, a steam and sauna room, a fitness center, a Pilates studio, a yoga studio, a pickleball court, a golf simulator, and a sports lounge. Other amenities include a lounge with a catering kitchen, private dining rooms, a game room, a media room, a wine room, a salon, a children’s playroom and lounge, a butterfly garden, and a library. Several guest suites will also be available to host residents' friends and family.

Prices range from $5.9 million to $72.5 million, with a choice of one- to five-bedroom residences and penthouses.


— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Planned/Proposed


Ocean Park ResidencesFort Lauderdale

Ocean Park Residences – Fort LauderdaleOcean Park Residences – Fort Lauderdale


Submitting a proposal to the City’s Development Review Committee, developer Integra Investments revealed its plans for the 1.26-acre site at 2828 to 2908 East Sunrise Blvd. Back in 2021, Integra had proposed building a 100-room hotel and a 55-room condo on the parcel, now it has changed its plans to a single, 14-story tower with 76 condos.

Switching plans to offer a more efficient structure with added amenities, the proposed project is designed by Coral Gables-based Nichols Architects. Units will range from 1,144 square feet for a one-bedroom to 2,067 square feet for a three-bedroom residence. A pickleball court and fitness facilities will sit atop the parking garage (in a separate building), and a rooftop pool deck will adorn the condo tower.

Just a few blocks from the beach, most residences would have views of Taylor Birch State Park to the north and up the coastline. The boutique condo's ground floor will further feature another fitness center and lounge.

Prices are expected to start under $2 million, with a choice of one- to three-bedroom residences. The developer hopes to launch sales later this year with a traditional rental policy for its units.


Related Cos. and Frisbie Group’s Two-Condo Project – West Palm Beach

Related Cos. and Frisbie Group’s Two-Condo Project – West Palm Beach

Related Cos. and Frisbie Group’s Two-Condo Project – West Palm BeachRelated Cos. and Frisbie Group’s Two-Condo Project – West Palm BeachRelated Cos. and Frisbie Group’s Two-Condo Project – West Palm Beach
Tapped to create “one of the most iconic church campuses in the country,” developer duo Related Cos. and Frisbie Group submitted plans for 1101 S. Flagler Dr. this April. The 9.6-acre campus is currently owned by the Family Church. New York-based Kohn Pedersen Fox Associates is the architect of choice for the redevelopment project.

The downtown West Palm Beach parcel would feature a 32-story tower and a 28-story tower, offering a total of 190 condos. Each tower would have water views and a maximum height similar to that of South Flagler House, which is also developed by New York’s Related Cos. 

Additionally, the lot would be home to a revamped and high-functioning church, a new early childhood education building, a K-8 school for the church’s academy, plus a new parking garage to serve both the condo building and the church. The project plans to strengthen the partnership between the church, home, and school to create a flourishing community in a quiet yet walkable neighborhood. 

Stephen Ross-led Related Cos. had also launched sales in February for its 26-story Shorecrest condos in West Palm Beach on a similar synagogue partnership model.


— Fort Lauderdale & Palm Beach Condo Pre-Construction Market: Watchlist


Canadian Developers Purchase 1-acre Property for $9.5M –
Pompano Beach

Canadian Developers Purchase 1-acre Property for $9.5M – Pompano Beach
Photo credit: Google Maps


Canadian developers Efstathios Tsatas and Nicolas Tsatas purchased a key, 1-acre, beachside parcel for $9.5 million this April. The shovel-ready site at 330 Southeast First Street was previously approved to carry a 21-story condo-hotel with 240 units and over 4,000 square feet of commercial space, filed under the name Pure Residences. Since Efstathios Tsatas owns another 2.08-acre parcel directly north of this site, we will be keeping a close watch on plans.

This was all for our April 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach. Are you ready to buy or invest in new construction condos in or around Fort Lauderdale? Call, chat, or email us to have a local, pre-construction condo expert guide you to your desired property.


ARE WE FRIENDS ON SOCIAL MEDIA?
📣 Connect with us on InstagramTikTok and YouTube📣



And if you love staying on top of pre-construction news in Fort Lauderdale and Palm Beach, subscribe to this blog or 
our YouTube channel for monthly updates!

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Miami Luxury Condo Market Report Q1 2024: Stability, the New Normal
Real Estate News Miami Luxury Condo Market Report Q1 2024: Stability, the New Normal
View the most up-to-date market reports. Take me there now! With steady sales growth, moderate price gains, and relatively fast sales, Miami's luxury housing market established a new normal as it kicked off 2024 on a strong note. Despite the national housing market's challenging situation, prices performed well, closing at an all-time high with luxury properties selling within two-three months of being listed. As our expert condo analytics show, luxury condo prices are not going down in Miami anytime soon. This indicates great market health and consistent buyer demand as our sunny shores expand to welcome more homeowners. In our neighborhood-by-neighborhood Miami condo market analysis Coconut Grove & Coral Gables (collectively) emerged as the most popular market for luxury condo buyers in Q1 2024 closing with the highest year-over-year increase in sales (16%).  Fisher Island maintained its status quo as the most expensive zip code in Miami with a price of $1,839 per...
The Most Luxurious Condo Buildings in Sunny Isles Beach
Real Estate News The Most Luxurious Condo Buildings in Sunny Isles Beach
Sunny Isles Beach is known as Miami’s luxury branded condo corridor, and not without reason. When you read the news about the best new Miami condo developments, you’ll find the biggest names in global luxury offering residences here. Brands such as Porsche, Bentley, Armani, St. Regis, and the Ritz-Carlton are some of the exclusive houses inviting you to inhabit their world on this stunning stretch of beachfront lots along the famed Collins Avenue. Very few other locations in Miami will give you oceanfront living like this in new, residential-only towers offering international quality services and five-star hotel amenities. So, if you’re considering Sunny Isles Beach and the kind of opulence such brands bring to the neighborhood, stay tuned for our ranking of the five most luxurious condo buildings in Sunny Isles Beach. As a bonus, we’ll also talk about the most anticipated pre-construction condos that could soon become part of our list. — Why Choose Sunny Isles Beach? Sunny...
Edge House Miami: New Luxury Short-Term Rental Coming to Edgewater
Real Estate News Edge House Miami: New Luxury Short-Term Rental Coming to Edgewater
Boasting no rental restrictions and the possibility of sectioning your condo to rent individual areas, Edge House Residences offers a unique and competitive investment opportunity in the heart of Miami. Now you can own a residence with all the amenities and services worthy of a five-star resort, whether you use it as a second home or vacation home for periods of up to six months, or to earn passive income when you’re away. Developed by Grupo T&C of Peru, Edge House Residences is the latest luxury addition the short-term rental market in the vibrant waterfront neighborhood of Edgewater. The building, designed by Kobi Karp, will rise 55 stories housing 592 condo residences, all fully furnished, and ranging from studios to two bedrooms, with floor plans spanning 375 to 1,242 square feet. For your peace of mind as an owner, Edge House Edgewater is equipped with a cutting-edge rental reservation system that helps you maximize revenue and occupancy with real-time market data, so you...
Video: Why You Should Invest in a Miami Condo-Hotel
Real Estate News Video: Why You Should Invest in a Miami Condo-Hotel
Love vacationing in the best destination cities (like Miami), and growing your investment portfolio? Then, you need to know about condo-hotel investments! Condo-hotels in Miami offer the perfect investment opportunity, allowing you to enjoy a luxurious vacation home and earn rental income while you're away. In the condo-hotel video below, Sep Niakan (founding Broker of Blackbook Properties and a South Florida Realtor for more than 20 years) explains the pros and cons of investing in a ‘condotel,’ how it is different from a timeshare, and a quick look at some of the best properties in the city:     Is a Condo-Hotel a Good Investment? What Are the Pros? If you’ve vacationed in Miami before and found it to be a great getaway spot, then investing in a condo-hotel here would be a smart choice. Unlike a timeshare, this type of property allows you to have a place of your own, that only you own, and with the freedom to holiday any time of year. Additionally, when you are away, you can...
The Most Luxurious Condo Buildings in Brickell Key
Real Estate News The Most Luxurious Condo Buildings in Brickell Key
Brickell Key has long been a coveted address. Offering a private island lifestyle right next to the heart of Miami’s financial district, it guarantees you exclusive and secure luxury. Surrounded by water on all sides, condos on this triangular isle are designed to take advantage of its strategic position and often offer better price points than mainland Brickell. In this blog, we’ve listed the best condos in Brickell Key to give you a sense of the architecture, the amenities, and the prices you’ll encounter if you choose to own one of these high-end residences in Miami. And with one of the most exciting and luxurious developments in all of Miami—The Residences at the Mandarin Oriental—coming soon to complete this idyllic island, it’s prestige and desirability is only increasing.  — Why Choose Brickell Key? Brickell Key is a man-made, semi-private island off the coast of Brickell (mainland Miami). It is roughly 44 acres and has mostly residential condo towers properties, about two...
The Residences at Mandarin Oriental Video: Brickell Key’s Ultimate Island Sanctuary
Preconstruction The Residences at Mandarin Oriental Video: Brickell Key’s Ultimate Island Sanctuary
Join us to explore the 5-star luxuries, 360-degree water views, and meticulous curations that will make The Residences at Mandarin Oriental one of Miami’s most exclusive and sought-after island addresses. Sep Niakan, founder and lead broker of Blackbook Properties, talks to Adrian Gonzalez and special guest Maile Aquila, Senior Vice President of Sales at Swire Properties, about how this 64-story tower is poised to become a global icon for luxurious island living.     — Come and Live on an Island-Within-an-Island With its prime corner location within the Brickell Key island, two floors of resort amenities, and exclusive access to the Mandarin Oriental flagship hotel’s storied hospitality, this collection of 228 waterfront homes will offer an unparalleled lifestyle just minutes from Miami’s financial hub.  In addition to its skyline-defining architecture by New York’s renowned Kohn Pedersen Fox Associates, interiors at these sprawling residences will be curated by A-List Parisian...