Fort Lauderdale and Palm Beach’s New and Pre-Construction Condo Update: July 2022

Fort Lauderdale and Palm Beach’s New and Pre-Construction Condo Update: July 2022

While national markets may be starting to see shifts towards corrections, South Florida is still enjoying stability in its luxury markets after a more than a year exceptional housing demand from highly paid, work-from-home employees, wealthy transplants from major U.S. cities and international buyers. And developers in South Florida continue their bullish streak on luxury housing.

This July, we have Boca Raton-based Forest Development joining forces with Miami’s Dan Kodsi to accelerate the completion of Nautilus 220. Savanna announced plans to build its three-tower Olara Residences in West Palm Beach. Jeffrey Soffer is proposing another beachfront condo in Tequesta. And, Palm Beach Shores’ SeaSpray Beach Resort will be demolished to make way for a luxury condo..

Read below to find details on these and other projects in our monthly condo pre-construction market roundup for Fort Lauderdale this July 2022: 

Fort Lauderdale and Palm Beach Luxury Condos - Planned/Proposed

Savoy Residences – Tequesta, Palm Beach County

Billionaire developer Jeffrey Soffer has proposed a second beachfront condo in Tequesta at 300 Beach Road. Currently the site of a small condo built in 1967, Soffer’s plans for Savoy include a luxury, 10-story building with 26 extra large residential units ranging from 3,915 to 5,695 units, three penthouses with plunge pools and private rooftops terraces, and two lanai units with pools.  

The Savoy will also offer residences a beachfront pool, a fitness center, a social room and a garage with 52 parking spaces. Robert Swedroe is the architect. In 2021, Soffer broke ground on SeaGlass Jupiter, another luxury condominium in Tequesta.

Savoy Residences – Tequesta, Palm Beach County 

Olara Residences – West Palm Beach

New York-based developer Savanna is looking to build a three-tower condo project across from the Intracoastal at 1919 and 1911 N. Flagler Drive in West Palm Bach. The project will replace the existing one- and two-story office buildings on the 1.82-acre lot. 

Proposing Olara Residences in July, Savanna representatives mentioned launching sales by fall this year. Designed by the Miami-based Arquitectonica, the three-tower condo project will rise with 315 condos and 170 apartment units. New York-based Gabellini Sheppard Associates will be in charge of interior design duties.

Perched on a 1.82-acre lot, Olara Residences are expected to offer over 70,000 square feet of amenities. Highlights will include two pools, a fitness center, a lounge, a coworking space, a waterfront restaurant, and a marina with boat slips.

Olara Residences – West Palm Beach

Luxury Condos Replacing SeaSpray Inn and Beach Resort – Palm Beach Shores

Following the trend of replacing older waterfront buildings with brand-new luxury condos, developer Kannega Glades LLC has submitted a proposal to the city’s Development Review Committee. Proposing to replace the beach resort at 123 S. Ocean Drive with a 6-story luxury condo, the developer has been asked to revise plans and revisit in August. 

Currently, the 50-room hotel is proposed to be replaced with a 6-story, 30-unit luxury condo including rooftop and ground-floor pools plus a 53-space underground parking garage. Designed by Atlanta-based PFVS, the project is expected to sell for $4.2 million a unit. The 0.65-acre site sits right next to the Palm Beach Shores Community Center and the town’s parking lot for the public beach.

Luxury Condos Replacing SeaSpray Inn and Beach Resort – Palm Beach Shores


 Fort Lauderdale and Palm Beach Luxury Condos - Other Updates

Nautilus 220 – Palm Beach County

Groundbreaking – May 2022 | Completion – Summer 2024

Bringing Lake Park its first high-rise in years, Boca Raton-based Forest Development has now secured a $269 million construction loan for its 60% sold-out project. The developer has also brought in a successful partner to complete the project - Miami-based Royal Palm Cos., led by CEO Daniel Kodsi known for building the highly-amenitized Paramount Miami Worldcenter.

The Nautilus 220 will rise as twin, 24-story towers, carrying a total of 330 luxury condos. Designed by Boca Raton-based R+N Architecture, the towers will feature interiors by the highly acclaimed Steven G. A bi-level 7,500-square-foot waterfront restaurant with indoor and outdoor seating led by renowned chef David Burke will serve as the centerpiece of the project. The restaurant will offer modern American cuisine.

The amenity-rich tower will also be home to a one-acre outdoor amenity deck. Highlight amenities will include two pools (including a rooftop pool), a yoga deck, mini-bowling, billiards and card tables, a multipurpose soundproof studio for music and podcasts, a golf simulator, theater lounge, club room, lounge, a large chess board, putting greens, a dog wash area, a spa, movie room, game room, kid’s center, and more. Residents will also gain access to 8,000 square feet of retail on the ground floor as well as an active marina with 100 slips next door. 

Prices range from $1 million to over $4 million, with a choice of one-to-four-bedroom residences.

Nautilus 220 – Palm Beach County


Fort Lauderdale and Palm Beach Luxury Condos - Watchlist

Rezoning & Redevelopment of Church Site – Fort Lauderdale

If Fort Lauderdale-based Home Venture Investments LLC has its way, the First Ebenezer Missionary Christian Church at 312 N.W. Seventh St. along with its neighboring parcels could soon be re-developed as a mixed-use development. The parcels, including the 1991-built Church, span 2.32 acres and 2.1 acres in size, and are currently zoned as “multi-family mid-rise.”

As the mentioned parcels are currently under contract with the developer, the Tal A. Levinson-led LLC is pushing to have the land re-zoned as “Northwest Regional Activity Center Mixed-Use.” The rezoning will allow the developer to construct buildings of up to five stories, or 65 feet tall, with a mix of residential, commercial, and hospitality uses.

Rezoning & Redevelopment of Church Site – Fort Lauderdale

Rendering of the project and the location for the development (Google Maps, Native Realty). Photo courtesy of therealdeal

Ready to invest or move into a brand-new luxury condo in or around Fort Lauderdale? Call, chat, or email us to have a local, pre-construction condo expert guide you to your desired property.

Connect with us on Instagram and Youtube.

Love staying on top of pre-construction news in Fort Lauderdale and Miami? Subscribe to this blog or 
our YouTube channel for monthly updates!

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

Your Miami Condo Awaits

Recent Posts

Spooky Fun! Check out these Fall & Halloween Events in Miami for October 2022
Lifestyle Spooky Fun! Check out these Fall & Halloween Events in Miami for October 2022
From sinister haunted houses to family-friendly spooks, there’s a bootiful selection fun things to do this month for adults and kids alike! From extremely scary Haunted Houses to trick-or-treating and pumpkin patch events, we’ve got the treats for this October. Take a look below for our curated list of 2022 Halloween and Fall events in Miami: Halloween Events for Kids & Families: Pumpkin Patch & House of Horrors at Miami International Mall, Oct. 1-31. Kick-start fall with a trip to this free pumpkin patch fest, complete with real pumpkins, scarecrows, and farm-fresh bales of hay. The mall’s House of Horrors will also stay open all month long for jump scares and more frights. Flipper’s Fall Festival, Oct. 1 - Nov. 13. This fun fall festival at the Miami Seaquarium has it all, including Halloween-themed shows, trick or treaters candy stations, a super cool glow-in-the-dark Sea Cave Maze, an upcycling market, s’mores kits, and more. Annual Not So Scary Family Halloween Bash,...
Edgewater Development Guide - Edgewater is Becoming Miami’s Premier Luxury Neighborhood & These are the New Condo Projects Planned
Preconstruction Edgewater Development Guide - Edgewater is Becoming Miami’s Premier Luxury Neighborhood & These are the New Condo Projects Planned
If you’ve taken a walk around Edgewater lately, or followed the news, you’ll know that our favorite bayfront neighborhood in Miami has become a hotbed of construction activity. Powered by strong market demand for luxury condos, more developers have placed their bets on Edgewater. And it’s obvious why – its bayfront location centered around an 8-acre park and marina, a family-friendly environment, centrality to every major neighborhood in the city like Wynwood, the Design District, and Downtown, plus a short scenic drive to South Beach – all make Edgewater highly desirable.  Once barely a neighborhood anyone would talk about fifteen years ago, Edgewater is on its way to becoming the top choice for luxury high-rise living in Miami.  So here’s a look at all of the condo projects in development for this lovely Bayside enclave. Projects that we expect that will transform Edgewater into one of Miami’s most desirable places to live. Missoni Baia, 700 NE 26th Terrace When: Opening in...
Shoma Bay Condo Tower Launched Miami Beach’s North Bay Village
Preconstruction Shoma Bay Condo Tower Launched Miami Beach’s North Bay Village
Developer Shoma Group launched sales for its boutique waterfront condo project Shoma Bay.  The 21-story condo tower will stand in one of Miami’s most idyllic waterfront communities, part of a three-island paradise called North Bay Village.  Coral Gables-based developer Shoma Group is also the name behind South Beach’s ultra-luxury Ten 30 condos. The masterfully-designed Ten 30 community stands only 3 stories tall with 43 high-design residences and an alluring set of amenities including a rooftop sun deck with a rose-colored pool, outdoor yoga areas, two fitness centers, an herb garden, and more. Prices at the newly launched Shoma Bay condos start in the $400,000s. Buyers will have a choice of 360-square-foot studios to about 1,500-square-foot 3-bedroom residences. Prices are expected to average at about $900 per square foot, an exceptional value for the amenities and location in comparison to other similar waterfront preconstruction projects in Miami. Shoma Bay is likely to break...
Miami Events in October 2022: Halloween Specials, Fall Festivals, Orchid Fests, Carnival, Concerts, Seafood & More
Lifestyle Miami Events in October 2022: Halloween Specials, Fall Festivals, Orchid Fests, Carnival, Concerts, Seafood & More
We may not have falling autumn leaves but we do have plenty of events to give you those fall feels in Miami. This month, fill up your calendar with a choice of over a dozen Halloween and Fall specials that range from family-friendly to downright scary. There’s also the Miami Carnival, Dragon Boat Festival, and South Beach Seafood Festival keeping up the festive mood throughout October. There’s also plenty of art, music, theater, plant-friendly, pet-friendly, and kid-friendly events to indulge in this Fall. Read below for a complete list of Top Things to Do in Miami this October 2022: Things to Do in Miami - October 2022 Events at a Glance Table of Contents  Special: Fall & Halloween 2022 Events Miami Entertainment Months: Throughout October - November Festivals & Expos Miami Carnival 2022: October 1-9 Miami International Auto Show 2022: October 15-23 South Beach Seafood Festival: October 19-22 Annual Chef’s Table on the Bay - Night in Tuscany: October 21 III Points Music...
The 5 Most Luxurious Condos in Brickell, Miami
Real Estate News The 5 Most Luxurious Condos in Brickell, Miami
Brickell. No one really needs to say more. It is known around the world as the place where Miami’s business gets done. Its where international stars live amongst executives from the tech and VC worlds, and at the crossroads of the United States, Europe, and Latin America. So, it doesn’t come as a huge surprise that the neighborhood is home to some of the finest residences catering to a wide array of residents, spanning from globetrotting professionals to star entertainers, to business moguls plus their families.  If you’re curious about the kind of luxury residences available for such global citizens, we’ve ranked the 5 most luxurious condo buildings in Brickell for 2022 below. This article was last updated on Sep 25, 2022. Why Choose to Live in Brickell? First, you may be wondering what does the Brickell neighborhood of Miami have to offer? Not only is Brickell the second-largest banking hub in the United States, but it’s also home to several international consulates, banks,...
Video: Agent Faves - Take a Tour of Key Biscayne, Miami
Video Blog Video: Agent Faves - Take a Tour of Key Biscayne, Miami
Do you love city life but also like a serene island community to call home? Take a peek into one of Miami’s hidden gems – Key Biscayne. With only one road leading in and out of this paradise island, Key Biscayne is a short, scenic drive from Brickell – a neighborhood best known for its Manhattan-like lifestyle and great public transit system. Indeed, this tranquil island community features a warm, family-friendly vibe with most conveniences just a golf-cart-ride away, and all set between the 808-acre Crandon Park and the nature preserve of Bill Baggs Cape Florida State Park.  Watch the video to follow our Key Biscayne specialist, Vera Berezhnaya for a short tour of this scenic island’s highlights:   Accessible by the Rickenbacker Causeway, Key Biscayne is known for its unspoiled beaches, tropical greenery, and mesmerizing wildlife spanning butterflies to exotic birds, loggerhead turtles, reefs, and colorful aquatic creatures. The island is pretty comprehensive in itself, as it...