Throughout the year, we have seen businesses and wealthy people continue fueling luxury condo developments as well as sales in South Florida. And developers are working double-time to provide supply for this demand. Add to this the recent lifting of travel bans, and developers are more motivated than ever to bring their plans to life.

Stepping up on progress this November, Kar Properties announced that 2000 Ocean is closer to securing its TCO and preparing to move forward with closings. Developer Daniel S. Catalfumo has a 6-story luxury condo development planned for Palm Beach County that will feature private dockage. And The Related Group finally closed on a bulk condo buyout deal it has been pursuing for over a year in Pompano Beach. The group’s new 21-story luxury tower will replace an older condo building on the beach. 

Read on below for details on these and more in our monthly condo pre-construction market roundup for November 2021:

Construction Status

2000 Ocean – Hallandale Beach

With construction in full swing, 2000 Ocean is moving closer to completion, noting that it expects to receive its TCO (Temporary Certificate of Occupancy) soon. Hallandale Beach’s first super-luxury condo, this contemporary glass tower will stand 40 stories tall, overlooking a pristine beachfront.

Designed by Taller de Enrique Norten (TEN) Arquitectos, the brushed metal and glass tower will be home to only 64 luxury units. Offering a truly boutique experience, this Kar Properties development is set to feature only half- and full-floor residences, affording its residents panoramic water views.

Each wellness-focused residence at 2000 Ocean will feature private eastern oceanfront terraces and private western garden-facing terraces – all to help its residents stay attuned to the rhythm of the day. Residents will further enjoy coming home to chef-grade kitchens and baths by Boffi and Minotticucine.

Highlight amenities include Sasaki Associates-designed luxuriant bamboo and tranquility gardens bordered by lemon trees, commissioned sculptures by David Harber, amenity furnishings curated by Minotti, separate sunrise and sunset swimming pools, an oceanside café and juice bar by The Wright Fit, a freestanding spa pavilion with treatment rooms, curated oceanfront art library, plus a wide array of private beach amenities.

Prices start at $2.8 million for half-floor residences and at $10 million for full-floor residences.

Construction Status - Groundbreaking

Forté on Flagler – West Palm Beach

Looking forward to breaking ground in December this year, the 41-unit Forté is already 60% sold out. Developers Two Roads Development and New York-based Alpha Blue Ventures have already secured a $121.5 million construction loan for the waterfront condo development.

Perched on a 1.38-acre site at 1311 S. Flagler Drive, the 24-story tower will be looking forward to a 2024 completion. Designed by Miami’s famous Arquitectonica, residents of the sophisticated glass tower will be privy to sweeping views of Worth Avenue, the Intracoastal, and the Atlantic Ocean. Its artistically curated interiors will be designed by the internationally acclaimed Jean-Louis Deniot.

Featuring only two flow-through units per floor, residents will further have the option to combine them into a full-floor home. Boasting of over 10-foot-high ceilings, sunlit interiors, custom Italian cabinetry, Sub-Zero and Wolf stainless steel appliances, designer fittings, and over 1,000 sq. ft. in outdoor living space, residents can look forward to a truly bespoke lifestyle. Most units will range from 4,200 to 8,400 square feet in size.

Highlight amenities at the Forté on Flagler will include a 75′ lap pool with heated spa designed by EDSA, a pool deck with outdoor dining and lounge area, a separate evening lounge, His and Hers spas, a fitness center and yoga studio, a card room, a multi-sport simulator room, a library, Forté house cars, electric car charging stations, access to a sculpture garden, art walk plus dog park, and much more. 

Prices range from $6.7 million to more than $30 million, with a choice of multiple floor plans.

Planned

Luxury Condos – Palm Beach Gardens

Office building left, and garage right planned as part of Dan Catalfumo's PGA Station Project in Pal Beach Gardens. - Photo provided by Catalfumo Companies

Developer Daniel S. Catalfumo plans to build a 6-story luxury condo building on a 6.74-acre site just south of PGA Boulevard in Palm Beach County. The $33 million site includes parcels at 2036 and 2060 Sandy Hill Lane, 2080 Shady Lane, and 11511 Ellison Wilson Road. Once home to the Panama Hattie’s seafood restaurant, the site has been lying vacant for several years. 

Catalfumo was one of the developers at the Ritz-Carlton Residences in Singer Island about 12 years ago. He now aims to build a luxury condo on par with the St. Regis or Ritz-Carlton. Although the assemblage is approved for 132 units, Catalfumo will be filing a new site plan for 96 condos. Units are expected to range from 3,300 to 5,000 square feet in size, with pricing estimated at $3 million to $5 million. The 6-story condo will also feature a private dock.

Watchlist

Related Group’s Oceanfront Condo Buyout - Pompano Beach

With multiple ultra-luxury condos under construction in Miami and Fort Lauderdale, Related Group is continuing to expand northwards. With the group’s sold-out Solemar condos just a few blocks away in Pompano Beach, Related has bought the 46-unit Beach Villa at 900 N Ocean Boulevard in a bulk condo buyout.

The 3.07-acre site cost Related $30 million. Built in 1978, the group plans to replace the 46-unit condo building with a brand-new, 119-unit, 21-story condo tower. Designed by the Miami-based Arquitectonica, the new luxury tower will feature pool decks on both its east and west sides. Units are expected to range from 1,360 to 3,270 square feet in size. 

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

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