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

All the Bay Harbor Islands Pre-construction Condo Projects You Need to Know About
Real Estate News All the Bay Harbor Islands Pre-construction Condo Projects You Need to Know About
The once sleepy bayfront town of Bay Harbor Islands, sandwiched between Miami Beach and mainland Miami, is undergoing a renaissance. This small neighborhood has recently come alive with a flurry of new construction activity, as old 1950s buildings, past their prime, are bought and cleared for new, boutique, waterfront condos. Clean, quiet, and pristine, this almost forgotten piece of Miami real estate had stood unnoticed for way too long, considering the building boom of the early 2000s skipped over this part of town. With new zoning rules in place and a prime waterfront location, Bay Harbor Islands’ pre-construction projects rival even those from South Beach, offering extra-large floor plans, the quiet luxury of boutique living, and private marinas with ocean access, often at better price points than Miami Beach. Given the recent surge in demand for luxury housing and scarcity of workable waterfront parcels, several big developers are drawn to the area, as South Florida becomes the...
June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
South Florida’s pre-construction condo market was abuzz with activity this June. One Hollywood Residences launched sales after a design upgrade and rebranding. Lynd Living started taking reservations for the centrally located Aileron Residences in Dania Beach. And buyers can now tour the exquisite interiors and customizations available at Icon Beach’s new sales gallery. Also this month, the highly anticipated Entourage in the Sun broke ground in Pompano Beach, Selene Oceanfront topped off in Fort Lauderdale Beach, and more news in our complete June 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach. Read on below. Sales Launched One Hollywood Residences – Hollywood Taking Reservations Aileron Residences – Dania Beach New Sales Gallery Icon Beach Residences – Hollywood Beach Topped Off Selene Oceanfront – Fort Lauderdale Beach Broke Ground Entourage in the Sun – Pompano Beach Planned/Proposed Oculina – Riviera Beach Other Updates The Terraces...
The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Real Estate News The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Surrounded by the eight-acre Margaret Pace Park, Edgewater is one of Miami’s favorite neighborhoods if you want to be close to everything, including the water. The previously low-key area has emerged as one of the most desired locations for luxurious, waterfront living in Miami, with some of the most elegant and sought-after new condo developments on Biscayne Bay. Now, to know which are the best condos in Edgewater, Miami, we are ranking the top five most luxurious buildings in this family-friendly neighborhood to give you an idea of the quality of life, level of design and construction, and price point you can expect if you’re looking at a tranquil, yet high-end, bayfront residence in Miami’s best kept secret neighborhood. First, let’s take a look at the neighborhood itself. This article was last updated on Jul. 17, 2024.   — Why Choose Edgewater, Miami? It is one of the hottest Miami neighborhoods right now for several reasons: It’s close to everything. Living in...
The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
Lifestyle The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
At Blackbook Properties, we are passionate about our city’s growth and love to stay on top of what’s happening next in Miami, so we can keep you updated on future Downtown Miami developments. This time, we visited the Miami DDA (Downtown Development Authority) for an exclusive interview with our friend and CEO Christina Crespi to gain insights on all the behind-the-scenes action that’s making Downtown Miami the most thrilling live-work-play-invest destination of the future. Grab a coffee or tea and listen to what she had to say to our very own Sep Niakan, Miami realtor and founding broker of Blackbook Properties!     You’ll discover in our new video interview how the Miami DDA—Miami Downtown Development Authority—was initially focused solely on this core neighborhood’s economic development. However, in recent years, it has evolved into a community development authority that aims to create a great quality of life for its residents and maintain a positive business environment. Plus...
The 5 Most Luxurious Condos in Surfside, Miami
Real Estate News The 5 Most Luxurious Condos in Surfside, Miami
Surfside is a small seaside community immediately north of Miami Beach and just south of Bal Harbour. It’s a tight-knit community that cherishes its ocean-front living options, beach walks, community center, and overall quality of life.  In our years of experience as a boutique brokerage in South Florida, we’ve seen a growing luxurious side to this beach town that has brought us top-tier residences tucked inside some of the most sought-after oceanfront buildings. In this blog, we’ve ranked the top five most luxurious condos in Surfside, Miami, according to their average listing price and we list all their amenities to help you know this coastal community better This article was updated on July 1, 2024. — Why Choose to Live in Surfside? This family-oriented beach town is perfectly positioned between the glamorous Bal Harbour and world-famous Miami Beach. A pocket-sized neighborhood, Surfside is somewhat of an extension of Bal Harbour and is favored by those looking for a mix of...
All of the Ritz-Carlton Residences in Miami, Miami Beach and More
Real Estate News All of the Ritz-Carlton Residences in Miami, Miami Beach and More
One of the most renowned brands within the hospitality industry, The Ritz-Carlton has a long history of being top of mind when it comes to sophistication, attention to detail, and service. They have made it their mission to stand out with these attributes in their hotels and their residence-only condos, The Ritz-Carlton Residences, are no different. When you own in one of these exclusive enclaves, you can expect a living experience and home with the utmost quality, personalized attention, lifestyle enhancements, and unique moments that make your life a luxurious and curated experience. If this sounds like your way of living, you’re in luck because South Florida, with its amazing landscapes, culture, and weather, has five Ritz-Carlton Residences for you to choose from, with two more in pre-construction development—one in Pompano Beach and one in South Beach.  In this blog, we’ll go through all of these incredible properties so you can learn more about what makes each one of them...