Fort Lauderdale’s New and Pre-Construction Condo Update: March 2021
Apr 06, 2021 April 06, 2021
It all started in 2020 - as a tidal wave of wealthy buyers came crashing onto South Florida’s shores. With the trend only getting stronger as we move into 2021, developers across Miami, Hollywood, and Fort Lauderdale have found favorable market conditions to move ahead with new condo developments.
We saw Miami close March 2021 with an unprecedented number of sales, launches and announcements in the pre-construction segment (read details here), and Fort Lauderdale and Palm Beach seem to be following suit. Palm Beach’s Nautilus 220 launched sales this March. The Related Group won key approvals to build a high-rise condo project in Hollywood. And, Hallandale Beach’s 2000 Ocean is getting closer to completion.
Read on for details on these and other updates part of our monthly roundup for March 2021 on Fort Lauderdale’s condo pre-construction market:
Nautilus 220 – North Palm Beach
Forest Development launched sales on its highly-anticipated, waterfront project this March. Designed by RDA Architects, the two luxury towers will rise 24 stories each with a total of 330 condo residences. Perched alongside the Lake Park Harbour Marina, equipped with 100 slips capable of docking yachts up to 100-feet, future residents will gain easy access to the inlet to be able to enjoy a nautical lifestyle.
Each of the 330 luxury residences feature interiors by Steven G and open up to panoramic views of the marina, Intracoastal, and/or ocean. Besides lush landscaping by Insite Studio, the building will feature 13,000 square feet of restaurant and retail space. Residents will further be treated to a host of amenities including a resort-style pool, a rooftop lap pool, a yoga deck, fitness center, life-size chess board, mini-bowling alley, billiards room, club room, soundproof music studio, golf simulator, teen center, fire pit, summer kitchen, 12 guest suites, off-leash dog run, plus access to the private beach club on Singer Island with beach chair, food and beverage services.
The nautical project is expected to break ground this Fall 2021, with completion scheduled for late 2023.
Prices start in the $700,000’s and range up to over $3 million, with a choice of two and three-bedroom residences.
City-owned Beachfront Condo Project – Hollywood Beach
The Related Group is the developer of choice for Hollywood City Commission’s upcoming condo project on the beach. The mega project slated for construction at the 4-acre site at 1301 South Ocean Drive will feature a significant number of public amenities and improvements.
A true public-private partnership, where the developer will be funding all the improvements to the city-owned site, upgrades at this beachfront development would include a brand-new culture and community center, improvements to the Harry Berry Park, a boardwalk extension, new restaurants, and public parking.
For now, the residential component of the mega-development is planned to feature 250-300 condo units, and is tentatively being called Icon Residences Hollywood. The 30-story building will be built as close to A1A as possible, in order to preserve view corridors for its neighbors. Designed by Arquitectonica, pre-sales for the condos will begin only once the site plan is approved.
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If you’re interested in learning more about or buying into one of the pre-construction projects, call or email us anytime and we will provide you with all of your options. You can also search for the most luxurious pre-construction projects in Miami, Hollywood, or Fort Lauderdale here.
Inching closer to its year-end completion plans, Hallandale Beach’s first super-luxury condo is keeping in the news for being creative enough to run virtual tours for its foreign and stateside buyers. Developed by Kar Properties, the 38-story building is rising along a pristine stretch of oceanfront second to none.
Designed by Taller de Enrique Norten (TEN) Arquitectos, the surreal building will feature a brushed metal and glass façade. Each of its wellness-focused residences will feature private eastern oceanfront terraces and private western garden-facing terraces – helping residents stay in tune with the rhythm of the day.
All 64 luxury residences are set to feature distinctive settings, designed by a showcase of 8 talented interior designers – A++, Atelier De Yavorsky, B+G Design, Hallock Design Group, International Designers by Rita Chraibi, Luxe Design Studios, Pepe Calderin Design, and Tamara Feldman Design.
All residences will be outfitted with furnishings by Minotti Miami and kitchens by minotticucine. Standout amenities include a commissioned sculpture by artist David Harber, Sasaki-designed luxuriant bamboo and tranquility gardens bordered by lemon trees, sunrise and sunset swimming pools, an oceanside café and juice bar by The Wright Fit, a freestanding spa pavilion, curated oceanfront art library, plus a wide array of private beach amenities.
Prices start at $2.6 million, with a choice of half-floor residences, full-floor penthouses and a duplex sky villa.
$1B Bahia Mar Condo Project – Fort Lauderdale
Fort Lauderdale commissioners have turned down developer Jimmy Tate’s proposal for a $1 billion Bahia Mar condominium project. The developer had pitched for a 651-condo unit development on the publicly-owned waterfront property. The site fronts the Intracoastal Waterway and is a few steps from the beach on Fort Lauderdale’s barrier island.
Developer Jimmy Tate is currently approved to build seven 11-story buildings with 651 apartments, a 256-key hotel, a yachting-amenities complex, a marina village, and retail on the site. Going back to the drawing board, the developer is expected to come back with a new proposal soon. The developer will need lease extensions on the site for approval on the condo project. The public-owned site is currently home to the Bahia Mar Fort Lauderdale Beach – a DoubleTree Hotel by Hilton.
In love with one of these pre-construction condo projects around Fort Lauderdale? Have your heart set on any other pre-construction projects in South Florida? Call, chat, or email us to have a local real estate expert guide you on the perks and specifics of buying pre-construction properties!