Fort Lauderdale’s New and Pre-Construction Condo Update: June 2023

The bull market for South Florida real estate has stayed strong through June. Fueled by a second wave of business migration and deep-pocketed buyers looking to relocate closer to the beach, developers across South Florida are continuing their new condo development projects.

This June, Related Group not only announced a new oceanfront condo project in Pompano Beach, but also made a $48 million purchase in partnership with BH Group. Bahia Mar in Fort Lauderdale Beach won critical approvals for developers to move ahead with the landmark, billion-dollar redevelopment and marina. Also, Related and Dezer Development started converting reservations to contracts for the well-received Rosewood Residences in Hillsboro Beach.

Read below to find details on these projects and more in our June 2023 condo new construction market update for Fort Lauderdale and the Palm Beach areas:

— June 2023 – Fort Lauderdale Condo Pre-Construction Market at a Glance


Converting to Contract

Approved

Planned/Proposed

Other Updates

Watchlist

— June 2023 – Fort Lauderdale Condo Pre-Construction Market – Converting to Contract


Rosewood Residences – Hillsboro Beach

Groundbreaking – N/A | Completion – 2026

Rosewood Residences – Hillsboro Beach


After exceptional buyer demand, Miami’s powerhouse developer duo, Related Group & Dezer Development, decided to go straight to contract on their latest waterfront condo offering in Hillsboro Beach, just two short months after launching sales. This means buyers can lock in their preferred units right now.

Rosewood Residences marks the first new construction project to rise in Hillsboro Beach in over two decades. Designed by Arquitectonica, the yacht-inspired buildings will rise on the neighborhood’s “Millionaire’s Mile.” Comprising 92 residential units, the 10-story oceanfront midrise building will be home to 70 condos, while the 3-story Intracoastal building will house 22 luxury villas.

Developers tapped the award-winning Dutch firm, Studio Piet Boon to craft world-class interiors at this waterfront project. While the oceafront residences will frame unobstructed eastern views, the Intracoastal residences will open to unobstructed western views. All luxury residences will feature custom Piet Boon-designed kitchens with designer appliances, oversized terraces with glass railings, luxurious private bathrooms with natural stone showers, integrated smart home technology, and more.

Amenities at the waterfront Rosewood Residences Hillsboro Beach will include 11 boat slips (likely at an onsite marina), direct beach access with beach club, a signature oceanfront restaurant, an oceanfront pool and spa, an indoor-outdoor wellness center, a salon, two fitness centers, multiple sports courts including tennis and pickleball, a stylish cocktail lounge and café, a creamery, a game room with virtual reality simulators, and an intimate garden and meditation lounge. There will also be luxury suites for guests and a curated collection of museum-quality art. As with the Rosewood Residences in South Beach, the Hong Kong-based Rosewood brand will be operating and managing all onsite amenities. 

Prices start at $4 million for the Intracoastal villas and $5 million for oceanfront condos, with a choice of two- to five-bedroom residences. 


— June 2023 – Fort Lauderdale Condo Pre-Construction Market – Approved


Bahia Mar – Fort Lauderdale Beach

Bahia Mar – Fort Lauderdale Beach


Securing key zoning approvals this June, developers Related Group, Tate Capital, and Rok Enterprises Inc. can finally move forward with their billion-dollar redevelopment of the 48-year-old Bahia Mar Resort and Marina. With designs by Miami’s award-winning Arquitectonica, the 39-acre site is now approved to carry 350 condo units, 60 condo-hotel suites, 256 hotel rooms, and 88,000 square feet of commercial space.

Occupying a key waterfront peninsula at 801 Seabreeze Blvd, also home to the Fort Lauderdale International Boat Show, the live-work-play destination will be home to five slender, yet curvy towers. The iconic redevelopment will rise with four 21-story condo towers and a 23-story, H-shaped condo hotel along the waterfront.

Highlight amenities at Bahia Mar will include a 254-slip yacht marina, a high-end marina village with restaurants and bars fronting A1A, an 11,000-square-foot waterfront restaurant, a 2-acre waterfront park, a half-mile-long public waterfront promenade encircling the property, and about 7.3 acres of revamped space to host the annual Fort Lauderdale Boat Show. The boat show arena is further expected to feature 160,000 square feet of climate-controlled areas, 41,000 square feet of tent space, a food court, plus multiple retail kiosks.

Owners at this mixed-use waterfront development will be allowed short-term rentals. Developers plan to build the hotel and two condo towers first, followed by the third and fourth condo towers, and ultimately the public promenade.


Diplomat Landing – Hollywood Beach

Diplomat Landing – Hollywood Beach


Approved by the Hollywood Planning and Development Board this June, the two-tower Diplomat Landing can now rise across the street from the Diplomat Beach Resort. Part of the bigger parcel purchased by Trinity Investments and Credit Suisse Management in a landmark deal worth $850 million, developers Related Group and BH Group will be building the freshly approved condo and Hilton-branded condo-hotel. 

Located at 3451-3690 South Ocean Drive, fronting the Intracoastal Waterway, Diplomat Landing will be inclusive of a 38-story, 350-unit condo tower plus a 43-story, 500-key condo hotel. Designed by Cohen Freedman Encinosa & Associates, amenities at this 19-acre site will include a beach entry pool with 14 cabanas, a spa, a health club, a pickleball court, a club room, a business center, and a lounge. While the condo residences will range from 850 to 1,750 square feet, the ground-floor townhomes will range from 1,850 to 2,350 square feet. Diplomat Residences, a condo tower built in 2007, already sits at 3535 South Ocean Drive. 

Follow the link for more details on how Diplomat Landing and more projects will change Hollywood Beach for the better. 


— June 2023 – Fort Lauderdale Condo Pre-Construction Market – Planned/Proposed


Related & Merrimac’s Oceanfront Condo Development – Pompano Beach

Related & Merrimac’s Oceanfront Condo Development – Pompano Beach


Looking to launch sales later this year, Fort Lauderdale-based developer Merrimac Ventures has joined hands with Miami’s Related Group to build a world-class oceanfront condo community. Located at 1350 S. Ocean Blvd., the oceanfront site was approved in 2015 to carry a 92-unit condo tower.

Submitted with revised designs by Coral Gables-based Nichols Architects, the 28-story tower is expected to feature a third-floor pool deck with a bar and cabanas, 4,000 square feet of restaurants, plus access to 27 boat slips across the street. Luxury condos at the oceanfront tower will be starting at 2,033 square feet, with over half the residences planned to have at least four bedrooms. This is the third new, luxury condo development in Pompano Beach for the Related Group, after Solemar and Casamar Residences


— June 2023 – Fort Lauderdale Condo Pre-Construction Market – Other Updates


3000 Waterside – Fort Lauderdale

Groundbreaking – September 2022 | Completion – 2025

3000 Waterside – Fort Lauderdale


A
fter adding more land to its parcel in March last year, construction is currently underway at the waterfront 3000 Waterside condo tower in Fort Lauderdale. Designed by Miami’s Kobi Karp and Berrie Architecture Design, the modern glass tower will rise 15 stories with 103 luxury residences. Developed by Canada-based Claridge Homes, this premier waterfront enclave will be built as a five-star, urban oasis, with most residences opening up to expansive Intracoastal and ocean views.

Besides interiors by the award-winning Manhas Design, amenities at 3000 Waterside will include a waterfront restaurant with fine alfresco dining, a resort-style pool with cabanas and BBQ courtyard, a wellness center, a glamorous spa with salt suite, a hotel-inspired lobby with water feature, a club room with golf simulator and billiards, plus a party room with gourmet kitchen. There will also be a dog run and wash, landscaping by Natalie Barranco, 16 for-purchase boat slips, and direct access to the Intracoastal to elevate everyday living.

Prices start in the mid $900s, with a choice of one-plus-den to three-bedroom residences.
 

— June 2023 – Fort Lauderdale Condo Pre-Construction Market – Watchlist

Related & BH Group’s $48M Purchase – Pompano Beach

Continuing their bullish take on prime neighborhoods across South Florida, Miami-based developers Related Group and BH Group snapped up yet another promising site in Pompano Beach. The 3.7-acre parking lot at 20 N. Ocean Boulevard, sold by an affiliate of New York-based developer Chetrit Group, was purchased for about $47.5 million.

Located right on the beach, just south of the city’s popular fishing pier, the site makes it to our watchlist as it seems ripe for development as a waterfront luxury condo. Developers are yet to disclose their plans, but this would be the fourth luxury condo development here for the Related Group.


200-acre Banyan Cay Hotel and Golf Course Project Sold – West Palm Beach

In a historic decision, Denver-based Westside Investment Partners was approved by the U.S. Bankruptcy Court to purchase the 200-acre Banyan Cay hotel, residential, and golf project for a $102.1 million bid. The Colorado-based company was granted approval as it was the only bidder of the incomplete development project. The sale is expected to close by the end of July.

The 2020 Banyan Resort Way parcel stands inclusive of a fully operational, Jack Nicklaus-designed golf course (since 2017) with about 200 members, an under-construction Hyatt-branded hotel, and development sites approved to carry 179 condominium units, 22 villas, plus 28 single-family homes. Construction of the 150-room hotel was stalled due to the pandemic as well as supply chain delays. Westside will be purchasing everything except the single-family home parcel.

Ready to invest or move into a new construction condo in or around the exciting neighborhood of 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 Instagram, TikTok 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
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Save on Your Miami & Florida Property Taxes with This Video!
Real Estate News Save on Your Miami & Florida Property Taxes with This Video!
Did you know that property taxes can’t ever increase more than 10% for investors in Florida? Information nuggets like this can easily shave thousands of dollars off your property tax bill in South Florida! In our latest video, Sep Niakan, founder and lead broker of Blackbook Properties, talks to CPA and Miami tax expert, Christian Daulong about the simplest ways to save money on your real estate taxes in Miami, Florida. There’s a lot to take away from this, so permanent residents, second homeowners, and investors, take note!     As a Miami homeowner, we want what’s best for YOU! That's why we’re sharing our top Florida property tax tips (try saying that fast!) for primary homeowners, second homeowners, and even investors. With these recommendations, you’ll make the most out of your South Florida property, so you can fully immerse in Miami’s vibrant culture and beautiful beaches smartly and with financial peace of mind. Learn how to maximize your benefits from the Homestead...
Where to Find the Lowest Property Taxes in Miami
Opinions and Advice Where to Find the Lowest Property Taxes in Miami
Miami’s growth has skyrocketed over the years as more people choose to live here for its incredible weather and low taxes. But many people considering buying Miami real estate wonder what the property tax rates in Miami are. Moreover, most people don’t love talking about property taxes. When looking for a home, buyers focus more on living aspects, like the square footage, layout, amenities, outdoor space, or kitchen upgrades. Still, buyers must pay attention to property tax rates as part of their purchase and, once they become owners, as part of their budget. If you’re considering buying a condo or house in Miami or Miami Beach, this guide will help you compare property tax rates in the most popular neighborhoods around the cities, and show you where to find the lowest property taxes in Miami-Dade County in 2024.  — Know Your Miami and Miami Beach Property Tax Rates In Miami-Dade County, property tax notices are sent out each year on October 30th. Below are the updated property...
Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Preconstruction Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Miami, it’s time to get hyped about hypercar luxury residences with the groundbreaking fusion of the hyper-automotive industry and architecture through the creation of Pagani Residences. Nestled in the picturesque North Bay Village, this exclusive development marks the world's first collaboration between Italian hypercar icon Pagani Automobili and Miami-based real estate developer Riviera Horizons. And it continues the trend of luxury car branded-residences, which has brought Miami the likes of Aston Martin Residences in Downtown Miami, Bentley Residences in Sunny Isles Beach, and of course, Porsche Design Tower, where residents drive up to their condo homes with its patented Dezervator elevator system.For Pagani’s first venture into the real estate world, Miami’s iconic skyline and global appeal make the perfect backdrop, and in this blog, you’ll find out why Pagani Residences Miami promises a living experience that is engineered to live up to its hypercar luxury name. —...
March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
As developers announced and launched exciting new projects, luxury condo development continued booming in South Florida. This month, partners Related Group and BH Group launched sales for West Palm Beach’s first Ritz-Carlton Residences condo development. The developer duo further launched sales for Icon Beach and won approval to build another condo-hotel in Hollywood Beach. Further, Ari Pearl swapped his plans to build a rental tower at The Club at Emerald Hills golf course with brand-new condos and villas. Read below to find details on these and more projects in our March 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach: — March 2024 – Fort Lauderdale Condo Pre-Construction Market at a Glance Sales Launched Ritz-Carlton Residences – West Palm Beach Icon Beach Residences – Hollywood Beach Approved Diplomat Landing Hotel (Tower 2) – Hollywood Beach 1920 Pierce – Downtown Hollywood Planned/Proposed Sage Residences – Fort...
Complete List of Miami Condos with Tennis Courts
Lifestyle Complete List of Miami Condos with Tennis Courts
Tennis has been a favorite sport to enjoy throughout your life. But often it's hard to play at home – you've got to find a racquet club or local tennis complex. So if you're looking for Miami condo buildings that have tennis courts, since enjoying the sport and staying fit is a top priority, we get it. And the convenience of having a tennis court onsite is a big bonus. Since home is where the heart is, having a private tennis court right at your condo doorstep can be one of the biggest motivation factors whether you like to play for fun, fitness, or serious competition. So, for all tennis enthusiasts out there, here's a full list of Miami condos that give their residents exclusive access to tennis courts, whether hard, grass, or clay, as part of their range of amenities. — Miami Condo Buildings with Private Tennis Courts Building name Address Neighborhood City  Year Built Sq. Ft. Range # of courts 1000 Venetian Way 1000 Venetian...
Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Video Blog Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Join us for a tour of the gorgeous new sales gallery of the upcoming Rivage Residences in Miami’s Bal Harbour. Sep Niakan, founding broker of Blackbook Properties, interviews Rita Collins, sales executive at Rivage Bal Harbour, where they talk about all the hand-picked finishes, customizations, and one-of-a-kind luxuries that set this boutique project apart. It will be the next icon in oceanfront living!     — Setting New Standards of Luxury Living on the Beach Rivage welcomes you to a glamorous world of customizable finishes and thoughtful curations that make it a true villa. With only 56 sprawling residences (or less, as first buyers can combine units), this 25-story tower will deliver true boutique living on one of Miami’s most pristine beachfronts. Renowned interior designer Lauren Rottet provides a range of finishes, from wood to marble, or light to dark cabinetry, among other options, transforming each water-facing unit into a place you can instantly call home. Perfect for...