Friday, October 27, 2006

5,000 New Residential Units to Become a Part of Downtown Fort Lauderdale Real Estate

By Alexandra Tarallo

Downtown Fort Lauderdale real estate is in the midst of yet another residential boom with more than 5,000 condo units being developed in the area. This new construction boom will undoubtedly dramatically transform Fort Lauderdale’s skyline by incorporating modern architecture.

Some of the projects include Downtown Lofts, Hyde Market, Brickell Heights, French Village, and the Jackson Tower. Downtown Lofts will feature 210 units within fifteen stories. Hyde Market will feature 272 condos within forty-two stories. Brickell Heights will be twenty-eight stories high and features 292 condos. French Village just off of Andrews Avenue will feature 200 condos within twenty-one stories.

Other Projects include Sky Lofts, Village Lofts, NoLa Lofts Phase II, and Las Olas River House Phase II.

Las Olas River House Phase I is Fort Lauderdale’s tallest tower. Developed by Tarragon South Development Corporation, the 42-story landmark was completed in 2005. Though many re-sales are available, potential buyers and investors have been eagerly waiting for Phase II for pre-construction prices. Las Olas River House condos feature floor to ceiling impact windows, high speed elevator, piano lounge, library, wine cellar, and 24-hour concierge service. The building also features two free-form swimming pools located on a 60,000 square foot deck. The pool deck has air conditioned cabanas with full bathrooms and kitchenettes that can be purchased by residents based on availability. Las Olas River House Phase II will be a 25-story tower featuring 89 condo units and approximately 24,000 square feet of retail space.

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