New Townhouse Rental Community in Wilton Manors

The Village at Wilton Manors

A proposed luxury rental community called The Village at Wilton Manors, is in the process of being approved in Wilton Manors, Florida.  The rental community will add approximately 81 new rental units to the Wilton Manors market.  Rentals have been scarce, especially for new construction.  The nearby project, Wilton Station, occasionally has rentals but they usually don't stay on the market for long.  The proposed rental community is located at 1550 NE 26th St Wilton Manors, FL.  There are several hurdles to clear, however, as the site is currently zoned as a community facility (CF).

The Wave streetcar in Fort Lauderdale

The Wave Street Car Ft Lauderdale

The Wave street car in Fort Lauderdale cleared its latest hurdle as the Broward County commission gave final approval for the $142 million electric street car.  The Wave street car will service downtown Ft Lauderdale.  The initial approval was for a small loop around downtown Ft Lauderdale but the larger plan is a 2.7 mile system that would run from Broward General Hospital to just North of Broward Blvd.  For a video of the exact route click here. 

Ft Lauderdale area Condo Hotels

Condo Hotels Ft Lauderdale

It appears as though condo hotels or "condotels" are sticking around for a while. During the real estate boom developers built several condo hotel projects on Ft Lauderdale Beach to create additional revenue from the hotel rooms. This is in contrast to conventional condo projects where developers get paid only when a sale occurs.  Projects such as The Q Club Hilton Resort, The Atlantic & The W Hotel Resort & Residences all were built and marketed as condo hotel resorts where owners could rent their units out daily but not live in them year round.

In the post boom era, there are still developers speculating on the demand of weathly buyers looking to capitalize on the benefit of vacation ownership with little hassle.  New condo hotels that have been announced in the Ft Lauderdale area include:

• Costa Hollywood, a 304 beachfront project
• Beachwalk condos, a 216 condo hotel also in Hollywood proposed by the Related Group

No news yet on the plans for the The W Hotel Resort & Residences Ft Lauderdale which was marketed for bulk sale a short time age.  The same holds true for plans for the former Trump International Condo hotel, which is also being marketed for a bulk sale. 

Former Trump Int'l Condo-Hotel in Ft Lauderdale hits the market for sale

Trump Int'l Condo-Hotel Ft Lauderdale

The former Trump Int'l Condo-Hotel, which has sat idle for approximately 5 years, is now being offered for sale as a bulk package.  The project, which is located at 551 North Ft Lauderdale Beach Blvd (A1A), features 298 rooms amidst 24 stories.  The former Trump Int'l Condo-Hotel is being marketed as "being well maintained and is in move in ready condition."  Guest rooms are oversized, averaging 817 square feet each.  This presents either a hotel operator or condo/condo-hotel developer with a market ready project that could begin room bookings or sales within a short period of time.

 

The condo building sits across from the ocean along A1A close to another bulk condo-hotel offering on Ft Lauderdale Beach, The W Ft Lauderdale Hotel & Residences.

V Condo in Ft Lauderdale announces presales

V Condo Ft Lauderdale
 

A new waterfront condo project located in Ft Lauderdale, Florida has announced presales.  The site of the new condos, called V Condominium, is 1180 N Federal Hwy, just North of Sunrise Blvd on US-1.  The location is an ideal East Fort Lauderdale location, close to the Galleria Mall, the beach as well as retail & restaurants along US-1. The proposed building is expected to be 14 stories and consist of 98 units.  The views of the intracoastal & ocean are excellent selling points as is the available deeded boat slips available for purchase.

The V Condo Ft Lauderdale
 

Ft Lauderdale - Flagler Village
The Related Group

The Related Group has started site work for their next project located on Federal Hwy, north of Broward Blvd between NE 5th St & NE 6th St.   This site is located in Flagler Village, which is a subdivision adjacent to Downtown Ft Lauderdale.  The development will be a 6 story, 390 rental building including 2 pools, gym, spa, cyber cafe and meeting room. The development will help connect Downtown Ft Lauderdale and Flagler Village, as the site has been vacant for several years.  The development is the 2nd announced by The Related Group after New River Yacht Club.

Judge approves Howard Johnson (HoJo) site in Ft Lauderdale

Howard Johnson

Ft Lauderdale, Florida

A Maryland real estate investor is set to acquire approximately 2 acres located on Ft Lauderdale Beach at 700 N Fort Lauderdale Beach Blvd for $22.5 million.  The former Howard Johnson was slated to be a 170 unit oceanfront condo building called Orion.  No word yet on the new owners intentions.