SEPTEMBER 2016
Fort Lauderdale Edition
New Construction Arts & Culture Fort Lauderdale 2020
AN IN-DEPTH ANALYSIS OF SOUTH FLORIDA’S NEW CONDOMINIUM MARKET
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Principals | Craig Studnicky & Philip Spiegelman President | Michael Ambrosio Senior Vice President | Sergio Pintos EDITORIAL Chief Marketing Officer | Veronica Escobedo Marketing Coordinator | Melissa Tello Communication Coordinator | Rebecca Stella RESEARCH Director of Market Research | Athena Rossano DESIGN Creative Director | Edward Trelles Graphic Designer | Amanda Cabassa Graphic Designer | Emiliana Zelkowicz ISG TEAM CONTRIBUTORS Alex Vidal, Michael Sferes
FEATURED STORY
NEW CONSTRUCTION
REDEVELOPMENT MAP
SUMMARY
HOTELS
TRANSPORTATION
POPULATION
CULTURAL & ECONOMIC GROWTH
LANDSCAPE OF THE FUTURE
FORT LAUDERDALE 2020
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FORT LAUDERDALE REDISCOVERED
Fort Lauderdale’s renaissance is not a secret. The media has been abuzz about the development of and demand in this hot market and budding global city.
December 2015
“About $1.5 billion in residential and hotel developments are under way in the Fort Lauderdale area.”
December 2015
“Fort Lauderdale is undergoing a vast makeover. A string of new luxury
hotels and residential buildings along the beach promenade are attracting
a mix of well-heeled U.S. tourists, foreign condo buyers and visiting families from all over.”
December 2015
“Adding to the appeal of the new Broward developments are prices
per-square-foot that are often half or less of what similar condominiums have been fetching in Miami Beach, Sunny Isles, Bal Harbour and other coastal communities in Miami-Dade County.”
July 2016
“Iconic Broward hotels are pumping more than $222 million into property upgrades.”
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Fort Lauderdale: One of 2016’s Best Buy Cities Whether you’re looking to make an investment or purchase a home, Fort Lauderdale is one of the hottest markets to buy in this year. Strong economic activity and the city’s rising population, combined with land prices that offer a better bang for the buck than Miami, make Fort Lauderdale a top housing market to invest in.
HEALTHY JOB GROWTH
+3.2
ANTICIPATED HOME PRICE APPRECIATION *Three-year forecast
ABOVE NATL. AVERAGE
STRONG POPULATION GROWTH
+4.5
Broward county property values saw an 8.08% price appreciation in 2015 and are on pace to exceed 9.7% in 2016. *Source: Broward County Property Appraiser’s Office
ISG MIAMI REPORT - FORT LAUDERDALE 3
FORT LAUDERDALE
THE NEW REAL ESTATE FRONTIER The city of Fort Lauderdale is allocating over $78 million in redeveloping Fort Lauderdale Beach with an additional ~$1.5 billion going to new construction projects. In a quote from the Sun Sentinel, Matt Allen, chief operating officer of Related Group, said the new construction should prompt a “complete revitalization” of Fort Lauderdale Beach.
$78MIL
IN REDEVELOPMENT OF FORT LAUDERDALE BEACH
$1.5BIL
IN NEW CONSTRUCTION PROJECTS ON FORT LAUDERDALE BEACH
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NEW CONSTRUCTION SUMMARY
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FORT LAUDERDALE IS THE NEXT FRONTIER Fort Lauderdale Beach is receiving $1.5 billion in redevelopment
AUBERGE
$1.5 BIL TOTAL VALUE OF NEW CONSTRUCTION
THE WAVE
COMING SOON
ADAGIO FORT LAUDERDALE BEACH NEW CONSTRUCTION YEARLY VALUE COMPARISON 2016 2012
6
$0
ISG MIAMI REPORT - FORT LAUDERDALE
$1.5
BILLION
THE RESIDENCES AT W FORT LAUDERDALE
PARAMOUNT GALE
THE OCEAN FOUR SEASONS
FUTURE HOTEL BY KEY INTERNATIONAL 32ONE
ISG MIAMI REPORT - FORT LAUDERDALE 7
A1A
EAST FORT LAUDERDALE OCEANFRONT CONDOMINIUM OVERVIEW MLS RESALES PRE-CONSTRUCTION NEW DEVELOPMENTS A1A
AUBERGE - North Tower $3,452,000 | $1,196 psf | 7 Active Listings / 57 Total Units* *Under Construction - 50 Units Under Contract
AUBERGE - South Tower $2,846,000 | $1,045 psf | 82 Active Listings / 114 Total Units* *Under Construction - 32 Units Under Contract
PARAMOUNT $2,200,000 | $850 psf | **8 Active Listings / 95 Total Units* *83 Units Under Contract **Not Including Townhomes
THE WAVE $985,000 | $510 psf | 6 Active Listings / 18 Total Units* *12 Units Under Contract
ADAGIO FORT LAUDERDALE BEACH $2,400,000 | $830 psf | 23 Active Listings / 28 Total Units* *8 Units Under Reservation
836 A1A
THE OCEAN (The Conrad) $890,000 | $900 psf (furnished) | 210 Active Listings / 290 Total Units* *Under Construction, Completion Scheduled 2017 - 80 Units Under Reservation/Contract
FOUR SEASONS PRIVATE RESIDENCES $3,500,000 | $1,500 psf | 42 Total Units* *Percentage Not Released
THE RESIDENCES AT W FORT LAUDERDALE $1,100,000 | $850 psf | Fully Finished & Furnished 115 Active Listings / 171 Total Units* *Redesign Complete - January 2017
GALE HOTEL & RESIDENCES $792,000 | $631 psf | 45 Active Listings / 129 Total Units* *Under Construction
32ONE $3,809,000 | $828 psf | 20 Active Listings / 23 Total Units* A1A
E LAS OLAS BLVD
*Construction Begins Q3 2016 - 3 Units Under Reservation
THE RITZ-CARLTON $2,031,875 | $1,080 psf | 16 Active Listings / 28 Total Units* *Redesign Complete (TBD)
Sources: Miami-Dade & Broward County Property Appraiser and Multiple Listing Service (MLS) Based off of current buildings on the market for sale 8
ISG MIAMI REPORT - FORT LAUDERDALE
FORT LAUDERDALE AND MIAMI BEACH/ SUNNY ISLES BEACH HISTORICAL CONDO PRICING FOR OCEANFRONT CONDOS BUILT SINCE 1990 $3,000
Fort Lauderdale Price PSF
$2,500
Miami Beach/Sunny Isles Beach Blended Avg. Price PSF
$2,250
Miami Beach Difference in Price Avg: 320% Sunny Isles Difference in Price Avg: 180%
$2,000 $1,750 $1,500 $1,250 $1,000 $750
25%
26
%
DIFFERENCE IN PSF
27%
28%
245%
29%
DIFFERENCE IN PSF
DIFFERENCE IN PSF
DIFFERENCE IN PSF
DIFFERENCE IN PSF
DIFFERENCE IN PSF
$500 $250 0 1990
1995
2000
2005
2010
2016
Source: Miami Dade and Broward County Tax Records, Multiple Listing Service (MLS) and Onsite Sales Offices for New Construction
NEW OCEANFRONT CONDO DEVELOPMENT PRICING SINCE 2012* Avg. List Price $10MIL
Avg. Price PSF
$10,400,000
$3,000
$2,900
$7,753,000
$7.5MIL
$2,000
$1,600
$5MIL
$900
$2.5MIL 0
$1,000
$1,875,000
Miami Beach
(South Beach to Bal Harbour)
Sunny Isles Beach
Fort Lauderdale
0
Source: Onsite Sales Centers * List of developments is available upon request ISG MIAMI REPORT - FORT LAUDERDALE
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FORT LAUDERDALE Total new construction condo units available for sale since Jan. 2012
32One 33 Intracoastal Adagio Fort Lauderdale Beach Adagio On The Bay AquaBlu Fort Lauderdale
50% SOLD
11 Total Units
25% SOLD 100% SOLD
31 Total Units
12 Total Units
54% Sold
35 Total Units
AquaLuna Las Olas
94% SOLD
16 Total Units
AquaMar Las Olas
80% SOLD
20 Total Units
AquaVita Las Olas
100% SOLD
FORT LAUDERDALE
AquaVue Las Olas Auberge North Tower Auberge South Tower *Four Seasons Private Residences *Gale Hotel & Residences Galleria Lofts
50% SOLD
22 Total Units 8 Total Units
87% SOLD
57 Total Units
28% SOLD 11% SOLD**
42 Total Units
65% SOLD 58% SOLD
114 Total Units
129 Total Units
48 Total Units
Paramount Fort Lauderdale
85% SOLD
95 Total Units
Riva
60% SOLD
100 Total Units
The Wave
65% SOLD
18 Total Units
*Hotel not Included **Estimated sold percentage
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23 Total Units
13% SOLD
ISG MIAMI REPORT - FORT LAUDERDALE
Total
59% SOLD / 460 UNITS
781 Total Units
Avg. Absorption: 210 Units Annually Over the Last 5 Years
FORT LAUDERDALE MLS Market Analysis - New condos built since 2006 and available for sale since 18 months ago, 12 months ago, 6 months ago and currently active Active Listings
Price per Square Foot
$623
$600 $540
500
$552
$530
$500
400 385
$400 300 270
$300
200 $200
181 150
100
$100
0 18
12
MONTHS AGO
MONTHS AGO
6 MONTHS AGO
0 currently active
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HOTELS When it comes to luxury hotels, South Florida does it right. From exquisite décor to breathtaking views, the best of the best names in hospitality have a presence along this sunny southern coastline. SAMPLING OF SOUTH FLORIDA’S 5-STAR HOTELS
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5-STAR HOTEL ANALYSIS OVER THE PAST 20 YEARS
Source: GREATER MIAMI CONVENTION & VISITORS BUREAU
45 10,281 Number of Hotel Rooms Number of Hotels
5,643
14 7 1,254
1994
2004
2015 ISG MIAMI REPORT - FORT LAUDERDALE
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TRANS PORTATION
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FORT LAUDERDALE AIRPORT ANNUAL PASSENGERS
ECONOMIC IMPACT
2014
$791MIL
Projected
24.6M
2013
23.5M
2012
23.5M 23.3M
2011
22.4M
2010 22M
to enhance the passenger experience.
South Runaway Expansion
26.9M
2015
With Fort Lauderdale’s current international and domestic passenger growth, came a $2.3 billion proposal to provide faster check-in times, decrease delays, and provide additional restaurant and retail options. This proposal, known as The FLL Airports Improvements and Renovations Program, will modernize terminals, add gates for international and domestic destinations and make way for additional commercial tenants in efforts
$2.3 Billion
29M
2016
23M
24M
25M
26M
27M
28M
29M
Source: Capa - Centre for Aviation
IN RENOVATIONS Complete
ANNUAL INTERNATIONAL PASSENGER GROWTH 30% 25%
Terminal 4 Redevelopment and Expansion
$450MIL
West 2015 / East 2017
20%
Terminal Concourse A
$150MIL
Early 2017
15%
Terminal Renovation Program $300MIL Early 2017 for Terminals 1, 2 & 3 In-Line Baggage System
$100MIL
Terminal 1 & 2 Complete
Noise Mitigation Program
$175MIL
Ongoing
In-Progress Projects
$334MIL
Ongoing
Source: Capa - Centre for Aviation
10% 5% 0%
2011
2012
2013
2014
2015
Source: Capa - Centre for Aviation
Over 700 aircraft, including 115 jets and 37 helicopters, make the Executive Airport their year-round home.
“ The Fort Lauderdale Executive Airport serves over 160,000 aircraft operations per year, one of the busiest general aviation airports in the country.” Source: governmentjobs.com
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Canada - 4,186
United Kingdom - 74 Germany - 41
Chicago - 2,434 New Jersey - 3,245
San Francisco - 811
Los Angeles - 1,352 Dallas - 2,524 Houston - 1,893
Norway - 98 New York - 8,384
Sweden - 74
Denmark - 103
Washington D.C. - 1,893 Atlanta - 6,220 Bahamas - 6,110
FORT LAUDERDALELE
Turks and Caicos - 43 Dominican Republic - 1,359 Jamaica - 2,205 Haiti 1,536 St. Maarten - 52 Guatemala - 256
Mexico - 1,343
El Salvador - 135 Honduras - 230 Nicaragua - 235 Costa Rica - 920 Panama - 404
Aruba - 52
Trinidad & Tobago - 730 Venezuela - 166 Colombia - 2,538
Ecuador - 492 Peru - 543 Brazil - 444
2015 YEARLY DIRECT FLIGHTS
Fort Lauderdale-Hollywood International Airport
USA - 86,245* Latin America - 20,455 Canada - 4,186
Uruguay - 130 Argentina - 480
Europe - 390 Sources: Business Development Manager Broward County Aviation Department
*Not all US cities listed
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FORT LAUDERDALE ALL ABOARD FLORIDA’S BRIGHTLINE “All Aboard Florida will bring new jobs, increased business opportunities and an enhanced quality of life to Fort Lauderdale. This project helps to further our ‘Fast Forward Fort Lauderdale’ plan for the future, which includes becoming a fully connected ‘City of Tomorrow’ that is anchored by alternative modes of transportation and allows for less reliance on vehicles.”
- Fort Lauderdale Mayor John P. “Jack” Seiler
Orlando- Approx. 2.5 Hours
West Palm Beach - Approx. 35 Min.
FORT LAUDERDALE Miami - 25 min.
ALL ABOARD FLORIDA FEATURES:
ALL ABOARD FLORIDA IMPACT:
• 60,000-square-foot station
• Connecting the Sun Trolley, transit system, future Wave Streetcar and planned Tri-Rail station
• Modern, multi-story lobby • Elevated passenger lounge area
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• Set to create more than $333 million in economic impact and 800 jobs for Broward County through 2021
SERVICE BEGINS IN 2017
$6 Billion
IN DIRECT ECONOMIC IMPACT TO FLORIDA’S ECONOMY OVER THE NEXT 8 YEARS
Over 10,000 Jobs ON AVERAGE PER YEAR THROUGH THE RAIL LINE CONSTRUCTION (FALL 2014-FALL 2015)
UP TO
3 Million
VEHICLES REMOVED FROM THE ROADS EACH YEAR
Construction of Fort Lauderdale’s Brightline station is well underway, with workers now placing the final layer of structural frames known as V columns. All Aboard hopes to complete the 60,000-square-foot station by mid-year 2017. Source: The Real Deal
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POPULATION & POLITICAL POWER STATE POPULATION GROWTH
1914 1. New York 5. Texas 12. California 33. Florida
1967 1. New York 2. California 6. Texas 15. Florida
2006 1. California 2. Texas 3. New York 4. Florida
2016 1. California 2. Texas 3. Florida 4. New York
2020* 1. California 2. Texas 3. Florida 4. New York
2040* 1. California 2. Texas 3. Florida 4. New York
FLORIDA POPULATION TREND
20,297,000 - TOTAL POPULATION 6,012,331 - TRI-COUNTY = 30% 2.7MIL 13%
= 2 MIL
2040*
26 MIL
2020*
21.2 MIL
2016
20,636,975 MIL
2006 6.6 MIL 882K
*Projected Source: U.S. Census Bureau
20
1.4MIL 7%
18 MIL
1967 1914
1.9MIL 9%
ISG MIAMI REPORT - FORT LAUDERDALE
MIAMI
FORT LAUDERDALE PALM BEACH
Source: U.S. Census Bureau
UNITED STATES HOUSE OF REPRESENTATIVES
FLORIDA
ELECTORAL COLLEGE VOTES California
55
Texas
38
Florida
29
New York Pennsylvania Illinois Florida’s population numbers have resulted in the appointment of 27 members in the United States House of Representatives and 29 electoral votes for the state; a strongly influential combination during Presidential elections. Florida’s growing population leads to an increasing precedence in the nation’s politics.
29 20 20
27 FLORIDA
MEMBERS OF THE HOUSE OF REPRESENTATIVES
CURRENT RANK 1. California
53 Members
2. Texas
36 Members
3. Florida
27 Members
4. New York
27 Members
5. Illinois
18 Members
6. Pennsylvania 18 Members Sources: Govtrack.us, USinfo.about.com
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CULTURAL & ECONOMIC GROWTH
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FORT LAUDERDALE VENICE OF AMERICA 300-plus miles of Intracoastal Waterway and navigable inland canals make Greater Fort Lauderdale the yachting capital of the world and the “Venice of America.” Source: Greater Fort Lauderdale Alliance
YACHTING CAPITAL OF THE WORLD • 300+ miles of inland waterways • 50,000 registered yachts • Home to the two largest cruise ships in the world • Hosts largest boat show in the world (Fort Lauderdale International Boat Show) • Home to more mega-yachts than any other destination in the world • 1,500 mega-yachts visit Greater Fort Lauderdale annually Source: Huffingtonpost.com
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FORT LAUDERDALE INTERNATIONAL BOAT SHOW In 2014, the Fort Lauderdale Boat show reported record-breaking attendance numbers since 2006. More than 1,000 exhibitors displayed nearly 1,500 boats and other marine products across more than 3 million square feet of exhibit space in a record seven locations at the Oct. 30-Nov. 3 show, long known as the world’s largest for boats in the water. Source: Sunsentinel.com
$4 BIL
WORTH OF BOATS AND MARINE PRODUCTS
EXHIBITS
1,400
1,500
900
1,000
Source: denisonyachtsales.com
130,000 VISITORS
500
13
103
0
1959
1976
1985
2014
Source: Showmanagment.com
ISG MIAMI REPORT - FORT LAUDERDALE
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ARTS & CULTURE Arts, entertainment and culture rejoice in the heart of Fort Lauderdale. The Broward Center for the Performing Arts is the destination of choice in South Florida for spectacular entertainment. Discover something new to love with dance, theater or opera performances to name a few.
• Ranked among the top ten most-visited theaters in the world • $50 million renovation Source: browardcenter.com
The Museum of Discovery and Science has contributed significantly to the revitalization of the arts and sciences district in downtown Fort Lauderdale.
• The Museum regularly serves over 400,000 visitors each year
NSU Art Museum Fort Lauderdale provides opportunities to access and learn from the highest levels of visual artistic expression throughout time and from around the world.
• Features the country’s largest collection of 19th and early 20th century paintings and drawings • Holds a collection of over 6,000 works of art FATVillage is located in the heart of downtown Fort Lauderdale, and acts as the hub for local creative businesses and artists.
• Designers, urban planners, filmmakers, photographers, printers, social media gurus, performers, graffiti artists and web developers reside in and around The Village • Hosts ARTWALK on the last Saturday of each month
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• The 300-seat theater is a showcase of state-of-the-art motion picture technology • Home to the biggest screen in South Florida
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SHOPPING Shopping in Fort Lauderdale is at its peak with all-inclusive shopping centers positioned across the city. Can’t decide between an indoor or outdoor mall? In Fort Lauderdale you won’t have to. EXPANSION
The owner of Galleria Mall, one of the most upscale malls in Fort Lauderdale, is proposing a billion-dollar redevelopment plan calling for seven mixed-use towers to rise around the establishment.
The shops on Las Olas Blvd. are found on a mile stretch of cool sub-tropical breezeways and courtyards alive with bars, restaurants, nightclubs and art galleries.
Sawgrass Mills is North America’s largest outlet mall with more than 400 retailers, including internationally recognized brand-name stores, full-service restaurants, entertainment venues and the most sought-after luxury outlets. EXPANSION
• 118,000 square feet - expansion • 25 new full-price retailers • Completion: Fall 2018
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• 105,796 square feet - office space • 51,345 square feet - retail • 13,200 square feet - restaurant • 4,000 square feet - financial institutions Source: sunsentinel.com
• World-class museums • Charming historic hotel • 10 major international art galleries • Over 30 al fresco dining options • 65 shops filled with fashion, accessories, gifts and more • Luxury home rental and yacht charters
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SPORTS & RECREATION The spirit of the outdoors is ingrained in Fort Lauderdale’s history and traditions. Whether you love to watch or play, Greater Fort Lauderdale is heaven for the sports lover.
“Miami has hosted more Super Bowls than any other city, and it’s clear why. This is the place to live, work and play, and hosting the Super Bowl at Dolphins’ stadium once again serves as further evidence that Miami is a major event community.” -CARLOS GIMENEZ
MIAMI-DADE COUNTY MAYOR
• $450 million in renovations • Hosting: - 2020 Super Bowl Home of the Miami Dolphins
- College Football Playoff National Championship - 2026 World Cup Quarterfinal Source: miamiherald.com
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ISG MIAMI REPORT - FORT LAUDERDALE
South Florida is home to some of the best sporting teams and venues in the world.
Hugh Taylor Birch State Park 74 golf courses within a 20 mile radius • 31 private golf courses
Preserves four distinct natural communities nestled between the Atlantic Ocean and the Intracoastal Waterway. This 180-acre estate is one of the city’s most distinctive
• 43 public golf courses
features and is frequently compared to Central Park.
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Seminole Hard Rock Hotel & Casino
Gulfstream Park ISG MIAMI REPORT - FORT LAUDERDALE
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LANDSCAPE OF THE FUTURE FORT LAUDERDALE’S ‘SOUTH BEACH’ TRANSFORMATION The southern stretch of the city’s beach is about to undergo a transformation, replacing tired-looking buildings from decades past with a wave of sophistication. Source: Sun Sentinel
A1A Fort Lauderdale, FL, 1956
A1A Fort Lauderdale, FL, 1959
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ISG MIAMI REPORT - FORT LAUDERDALE
A1A Fort Lauderdale, FL, 1967
A1A Fort Lauderdale, FL, 2016
Visitors driving up the iconic State Road A1A from Southeast 17th Street will start seeing Fort Lauderdale Beach’s newest oceanfront hotels which are currently under development. Once completed, the renovations will include more public access – along with an upgraded International Swimming Hall of Fame facility.
ISG MIAMI REPORT - FORT LAUDERDALE
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LANDSCAPE OF THE FUTURE A NEW LOOK FOR FORT LAUDERDALE’S BEACHES The community redevelopment agency of Fort Lauderdale is allocating over $78 million in redeveloping Fort Lauderdale Beach along with other popular resident and visitor attractions.
FEATURED REDEVELOPMENT THE LAS OLAS CORRIDOR AND STREETSCAPE PROGRAM:
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The streets and sandy shores of Central Beach are in line to receive a stunning new look, from Almond Ave, to Sebastian Park, to the historical A1A.
PROPOSED PROJECT LIST: Las Olas Corridor Design
Las Olas Corridor Construction (1 Garage)
Beach Streetscape Design
Beach Streetscape Construction
Dc Alexander Park Conceptual Design
Aquatic Center Construction (Alternate Design)
Dc Alexander Park Final Design
Dc Alexander Park Construction
Las Olas Marina Access Dredge Design Grant Match
Las Olas Marina Expansion
Bahia Mar Dredge Access Design Grant Match
Sebastian Parking Expansion
Find Grant Reimbursement
Beach Playground Replacements
Las Olas Marina Expansion Enviro Study
Fort Lauderdale Beach Park Renovations
Wayfinding Signage
Las Olas Marina Dredge Construction Grant Match
Beach Improvements, South Beach Electrical
Bahia Mar Access Dredge Construction Grant Match
Improvements, Beach Wall Decorative Lighting 34
ISG MIAMI REPORT - FORT LAUDERDALE
Source: fortlaudedale.gov
The Aquatics Complex: A new building is to rise in place
Las Olas Marina Expansion: An expansion
of the current Aquatics Complex, which exemplifies Fort
to the marina with 106 mooring slips will
Lauderdale’s competitive swimming heritage. The new
provide 50 percent more space. Developers
proposed project would include two olympic-sized pools,
estimate a total of $5.3 million in annual
a diving area, and a parking garage.
returns after three years.
ISG MIAMI REPORT - FORT LAUDERDALE
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FORT LAUDERDALE 2020 $3 BILLION IN NEW DEVELOPMENT
Auberge Beach Residences (Related) Two Towers 17 - 22 Stories 171 Condos
Elan 16Forty (Greystar) 10 Stories 261 Condos 6,000 Sq. Ft. Gym 2,300 Sq.Ft. Retail Rental
RIVA (Premier) 14 Stories 100 Condos Fairfield at Flagler Village (Fairfield) 6 Stories 292 Condos Under Construction Rental
The Edge at Flagler Village (Morgan) 7 Stories 331 Condos Henry Square (Related) 6 Stories 382 Residences 25,000 Sq. Ft. Retail Wisdom Village Crossing (Turnstone Dev Corp) 9 Stories 105 Condos Under Construction Rental
Adagio On the Bay (Grupo Alco, Garcia Stromberg + GS4 Studio Architects) 12 Condos
Paramount (Encore Housing and Kodsi) 18 Stories 95 Condos
AquaBlu 2nd Street Residences Ft. Lauderdale (Ellis Diversified) (Roy & Eisinger) 30 Stories 35 Condos 398 Condos 2,200 Sq. Ft. Retail Proposed Rental
Aquavita The Residences AquaLuna Las Olas Las Olas at W Fort Lauderdale (Roy & Eisinger) (Roy & Eisinger) (Related NY) Two Waterfront Buildings Two Waterfront 171 Condos 22 Condos Buildings Gale Hotel & Four Seasons 16 Condos Residences BellaVita (Nadim Ash & (Neward Las Olas Fort Partners) Development & AquaMar (Roy & Eisinger) 65 Private Menin Hospitality) Las Olas 16 Condos Residences 122 Condos (Roy & Eisinger) 32One Three Waterfront Adagio Fort AqaVue (Sobelco) Buildings Lauderdale Beach Las Olas 23 Condos 20 Condos (Grupo Alco, (Roy & PreGarcia Stromberg Construction Esinger) 31 Condos) 8 Condos
The Wave 18 Condos Pre-Construction
AMOUNTS ARE AN ESTIMATE
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ISG MIAMI REPORT - FORT LAUDERDALE
BR
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DOWNTOWN FORT LAUDERDALE
MUSEUM OF DISCOVERY AND SCIENCE
BROWARD CENTER FOR THE PERFORMING ARTS
1800 Las Olas (Roy & Eisinger) 4 Condos
Amaray Las Olas (The Rockerfeller Group) 30 Stories 262 Residences 2,500 Sq. Ft. Retail Under Construction Rental
ICON Las Olas (Related) 42 Stories 272 Residences Under Construction Rental
Marina Lofts (Asi Cymbal) 2 Towers 28 - 30 Stories 856 Condos 29,000 Sq. Ft. Retail & Restaurant Designed by Bjarke Ingles Proposed Mix Used Condos and Rentals
Vu New River (American Land Ventures) 15 Stories 209 Condos 2,245 Sq. Ft. Restaurant Rental
South Andrews Tower (Fred Kern) 37 Stories Office, Hotel & Residences Proposed
Airport and I-595 $42.5 Million Expansion to I-595 $791 Million runway renovation at Ft. Lauderdale Airport
The Queue (Hooper Petrillo) 7 Stories 262 Condos Under Construction Rental
LAS OLAS BOULEVARD
Crocker Tower (Crocker) 42 Stories 395 Condos Proposed Rental
New River Yacht Club (Related) 26 Stories 249 Condos Rental
SOUTH FEDERAL HIGHWAY
RIVERFRONT
ISG MIAMI REPORT - FORT LAUDERDALE
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WORLD HEADQUARTERS International Sales Group, LLC Turnberry Plaza 2875 Northeast 191 Street • 2nd Floor Aventura, FL 33180 P: 305.931.6511 | isgworld.com LOCAL OFFICES: Aventura | Coral Gables | Edgewater | Fort Lauderdale | Weston INTERNATIONAL OFFICES: São Paulo, Brazil | Caracas, Venezuela The Miami Report is produced for general interest only; it is not definitive and is not intended to give advice. It must not be relied upon in any way. Although high standards have been used in the preparation of the information, analysis and views presented in The Miami Report, no responsibility or liability whatsoever can be accepted by ISGWorld for the contents. We make no express or implied warranty or guarantee of the accuracy of any of the contents. As far as applicable laws allow, we do not accept responsibility for errors, inaccuracies or omissions, nor for loss or damage that may result directly or indirectly from reliance on or use of its contents. The Miami Report does not necessarily reflect the view of ISGWorld in any respect. Readers should not take or omit to take any action as a result of information in The Miami Report.