South Florida’s tri-county area of Miami Dade, Broward and Palm Beach are in high demand, and developers have gone into overdrive trying to meet the current buyer appetite. With more and more investors and families looking to relocate to a picturesque seaside, the demand for larger beachfront condos has spilled over into quieter, less dense neighborhoods along the Eastern coast. 

This month, developers Frisbie Group and Hines launched sales for South Flagler House in West Palm Beach. Casamar in Pompano Beach announced the opening of its new sales gallery. And, more new constructions stayed on the cards with developers picking up properties for redevelopment. Read below to find details on these and other projects in our monthly condo pre-construction market roundup for May 2022:

May 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market at a Glance

Sales Launched

• South Flagler House – West Palm Beach

New Sales Gallery

• Casamar - Pompano Beach

Planned/Proposed

• Entourage in the Sun - Pompano Beach
• Briny Residences - Pompano Beach
• Coral Tower - Fort Lauderdale

Watchlist

• Fractured Luna Condos Sold – Hollywood
• Galleria Mall Redevelopment - Fort Lauderdale
  
  

May 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market - Sales Launched

South Flagler House – West Palm Beach

Groundbreaking – Fall 2022 | Completion – 2026

Developers Frisbie Group and Houston-based Hines launched sales for their waterfront South Flagler House this May. Located at 1355 S. Flagler Drive, the two-tower complex will be seated on a premium stretch of fronting the Intracoastal in West Palm Beach.

Designed by New York’s highly acclaimed Robert A.M. Stern Architects, the project’s two statement towers will rise 28 stories with a combined 89 luxury residences. Affording an artful blend of Palm Beach’s signature grandeur and the comforts of contemporary luxury living, residents will have exceptional living at their disposal. Each condo will be built to offer (single-family) home-like space with extra-large terraces, at least 12 by 28 feet, featuring enough room for a table seating 10.

Highlight amenities at South Flagler House will include a lap pool, a sunning pool, a hot tub, a spa featuring a sauna, steam room and ice lunges, indoor and outdoor lounges, a fitness center, a pilates studio, a yoga studio, a private training studio, an indoor pickleball court, an outdoor sports lounge, a golf simulator, an event room, a wine room, a media room, game rooms, co-working spaces, and children’s playrooms.

Prices start at $10 million for three-bedroom units, reaching $75 million for penthouses.

May 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market - New Sales Gallery

Casamar - Pompano Beach

Groundbreaking – Q1 2023 | Completion – Q1 2025

After successfully launching sales in February, developer Related Group has now opened a sales gallery for buyers to tour the Casamar at 723 N Ocean Blvd. Designed by the Miami-based Arquitectonica, Casamar will rise 21 stories with 119 luxury residences along 283 linear feet of oceanfront.

All the residences at Casamar will feature interiors by Rockwell Group, flow-through floorplans, oversized terraces with glass railings, chef-ready kitchens with Italian cabinetry and branded appliances, spa-inspired master baths, password-protected app access to smart homes, and more. Units will range from approx. 1,360 to 3,270 square feet in size.

Owners at Casamar will be allowed to rent their units for a minimum of 4 months at a time. Amenities at this standout building will include expansive water views, separate east and west pool decks with cabanas, outdoor BBQ areas, an ocean-view fitness center, a dedicated lounge for gatherings, club room with a gaming table, VR-based golf simulator room, a pickleball court, pet wash station, green gathering spots designed by Arquitectonica GEO, and much more.

Prices start at $1.8 million, with a choice of two- to four-bedroom residences.

May 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market - Planned/Proposed

Entourage in the Sun - Pompano Beach

Submitted to the city’s Development Review Committee, a developer has filed plans to build a 10-story waterfront condo building in Pompano Beach. Located to the east of the Intracoastal Waterway, the mid-rise condo is supposed to replace a 23-unit apartment complex constructed in 1966. 

Designed by North Miami Beach-based Idea Architecture, the mid-rise will feature 42 extra-spacious condos with 62 parking spaces – all crafted to attract the wealthy families relocating to South Florida. Units are expected to range from 1,785 to 3,690 square feet in size. The 10-story building will carry 16 two-bedroom units, 22 three-bedroom units, and three penthouses. Amenities could include a waterfront pool deck on the ground floor.

Briny Residences - Pompano Beach

Submitted to the city’s Development Review Committee, an affiliate of U.S. Construction has filed plans to build a 9-story condo at 305 Briny Avenue. The 1.33-acre site is located a block west of the beach.

Designed by the Naples-based Stofft Cooney Architects, the mid-rise will feature 40 condos, a pool deck and lounge on the second floor, 2,700 square feet of commercial space, and 100 parking spaces. Replacing a small apartment building constructed in 1951, the new condo building will carry units ranging from 1,565 to 2,324 square feet in size. 

Coral Tower - Fort Lauderdale

Developer Mill Capital plans to replace a 1960s-built office building with a residential tower. A block west of the Intracoastal, the 37,685-square-foot office building site is situated at 2881 E. Oakland Park Blvd in Fort Lauderdale’s Coral Ridge neighborhood.

Submitted to the city’s Development Review Committee, the 15-story building is proposed to feature large residences from 1,140 to 2,890 square feet in size. Featuring three one-bedroom units, 32 two-bedroom units, and 42 three-bedroom units, Coral Tower will also be home to a rooftop amenity deck, 10,850 square feet of offices, an 830-square-foot restaurant, and 208 parking spaces.

May 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market - Watchlist

Fractured Luna Condos Sold – Hollywood

Prashkovsky Investments sold 160 of the 192 units at Luna in Hollywood for $34 million. The buyer, Surfside’s Infinity BH, now has the power to terminate the condo association and redevelop the building at its discretion. The fractured condo building was built in 1968 and converted into condos in 2008. Considering its central location and proximity to parks and public services, we will be keeping a watch on the property as it seems ripe for redevelopment into a luxury condo.

Galleria Mall Redevelopment - Fort Lauderdale

Looking to infuse new life into post-pandemic retail, owners of the Galleria Mall have planned a major redevelopment. The new plan calls for a mixed-use development with 1,900 residential units. Seeking relevant approvals, the developer has tapped Atlanta-based Dwell Design Studio, Fort Lauderdale-based Adache Group Architects, and Fort Lauderdale-based EDSA for design duties. We will provide more details as they come available.  

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.

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