New River Yacht Club

This 26-story apartment complex is set to be built in the heart of downtown Fort Lauderdale overlooking the New River at 400 SW 1st Avenue. The building's developer is Related Group, also responsible for the upcoming Icon Las Olas. The project will feature 248 units with 4,400 square feet of retail space valuing $36 million. In addition, floor plans include a pool on the seventh floor, club room, fitness center, outdoor bar, and game room. The Yacht Club will begin taking inquiries on leases in the near future. To learn more, visit: New River Yacht Club

Marina Lofts

This new project built by Asi Cymbal, of Cymbal Development, strives to combine the perfect mixture of urban living with surrounding green space. The project's mastermind is high-end architect, Bjarke Ingels, responsible for the exquisite Grove at Grand Bay. The project is currently gaining its zoning permits and is set to be built at 400 S.W. Third Avenue. Marina Lofts will feature 36 stories with 856 units overlooking parks, promenades, restaurants, and cafes. In addition, the project is very forward-thinking in its design to be environmentally friendly, including green roofs and walls, and an innovative drainage system incorporating storm water travelling through inlets and interconnected pipes. The buildings will value $250 million and rentals will begin from an asking price of $1,100 to $2,000. Currently, there are talks of possibly allowing prospective tenants to purchase units by signing up for the Marina Lofts' Preferred Residents Program. For further information on the project, please visit the Marina Lofts homepage.

Ft Lauderdale Apartment Building sells for more than $100 million.

Port Royale Apartments
Fort Lauderdale, FL

Port Royale Vistas apartments have sold to a private trust in the amount of $117 million or $159,000/unit.  The waterfront apartment buildings located in Northeastern Fort Lauderdale, consist of 737 units.  This expensive real estate transfer is yet another indicator of the strong rebound of the local market.