Related Group, Tate Capital and Rok Acquisitions Reveal 'The Residences at The St. Regis Bahia Mar Resort, Fort Lauderdale'
South Florida-based developers Related Group (Related), Tate Capital and Rok Acquisitions, in collaboration with hospitality leader Marriott International, have revealed plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale.
South Florida-based developers Related Group (Related), Tate Capital and Rok Acquisitions, in collaboration with hospitality leader Marriott International, have revealed plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale. Douglas Elliman Development Marketing is the exclusive sales and marketing agent for The Residences where pricing begins at $4.4 million for the condominium residences and $2 million for the resort residences.
A decade in the making, the first phase of the $2 billion development will elevate the premier megayacht marina — home to the world’s largest in-water boat show — into a world-class, Monaco-inspired lifestyle destination, complete with branded residential towers, a flagship St. Regis hotel, a private beach club, and a selection of signature fine dining and upscale retail. Sales for The St. Regis Residences, Bahia Mar, Fort Lauderdale (The Residences) are now underway.
"While Bahia Mar has attracted global yachting enthusiasts for decades with its prime location and unparalleled superyacht infrastructure, its full potential had yet to be tapped,” said Jorge M. Pérez, Chairman and CEO of Related Group. “Blending world-class residential, hospitality and lifestyle offerings, this visionary development is not only befitting of this one-of-a-kind site but also a critical addition to Fort Lauderdale’s broader evolution. With the introduction of The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale, our team is cementing the city as one of the world’s luxury epicenters.”
Spanning over 40 acres of land and water, this extraordinary development will unfold in two phases, transforming the site into a tropical sanctuary. At its heart are two 23-story residential towers and a 197-key luxury hotel, all under the iconic St. Regis brand. Masterfully crafted by an elite design team, the visionary architecture is led by the renowned Arquitectonica, complemented by refined interiors from London-based Tara Bernerd & Partners, helmed by esteemed designer Tara Bernerd. The master plan includes 88,000 square feet of luxurious waterfront commercial space featuring restaurants and boat docking, a public park along the Intracoastal Waterway and a 25-foot-wide pedestrian promenade encircling the property’s west, north and south sides. An exclusive marina features slips for megayachts up to 350 feet.
“After nearly a decade of hard work, it’s incredible to see our vision finally come to life,” said Jimmy Tate. “Despite countless obstacles, we never doubted Bahia Mar’s potential. We always believed this project would elevate the entire Fort Lauderdale community, but this collaboration with St. Regis exceeds even our highest expectations.”
The first phase will feature 160 elegantly appointed condominium homes spread across the two residential towers, alongside exclusive resort residences atop the hotel. The condominiums will include three- and four-bedroom options ranging from 2,600 to 3,550 square feet, in addition to stunning penthouse residences. The homes feel like secluded villas, featuring private elevator foyers and expansive, flowing spaces. Designed for effortless living and entertaining, these light-filled residences showcase modern, open layouts and wraparound glass terraces that provide sweeping views of the Atlantic Ocean, Intracoastal Waterway and Fort Lauderdale skyline. The Residences within the hotel will offer one to three bedrooms, in addition to penthouse options.
Each element of the branded residences embodies the essence of the St. Regis brand, renowned for its bespoke service and discerning taste that cultivate an exquisite lifestyle. Daily life is enriched by 17,000 square feet of interior amenities in each building designed to promote holistic wellness and create the perfect setting for unforgettable celebrations. These amenities include a luxurious spa with steam rooms, saunas, hot and cold plunges, treatment rooms and a wellness terrace; a salon offering beauty services; an indoor-outdoor fitness center; a children’s entertainment room; a library/media room; a private dining room and a billiards room. Lush terraces with summer kitchens, a private outdoor pool with a whirlpool, a pickleball court, a programmable multisport simulator and house bicycles enhance the experience.
“We’re thrilled to be collaborating with Related Group, Tate Capital and Rok Acquisitions to reimagine The St. Regis Bahia Mar Resort and Residences in Fort Lauderdale,” said Dana Jacobsohn, Chief Development Officer, North America Luxury Brands & Global Mixed-Use. “With its unparalleled waterfront location and exquisite design, this iconic property is set to transform the marina and deliver world-class luxury to travelers and residents alike.”
Owners will also have access to the resort amenities, including two resort-style swimming pools, a fitness center, an upscale spa with outdoor amenities, and a signature restaurant with dramatic water views.
Additional perks include a private residential lobby attended 24/7, a porte-cochère for enhanced privacy, on-site valet parking and self-parking options, along with private, secure climate-controlled storage, a curated collection of museum-quality art and an exclusive residents-only app.
As the home of the Fort Lauderdale International Boat Show (FLIBS), the Bahia Mar Yachting Center is already a premier destination for yachting enthusiasts worldwide. In the summer of 2023, the development team secured rezoning and approval for the transformation of the existing Bahia Mar resort.
Renderings via ArX Creative
For more information about The Residences at The St. Regis Bahia Mar Resort, Fort Lauderdale or to inquire about purchasing a unit please fill out the form below:
Kolter Urban Tops Off Selene Oceanfront Residences Fort Lauderdale As Tallest Tower On Fort Lauderdale Beach
Kolter Urban, a Palm Beach-based real estate development and investment firm, has topped off Selene Oceanfront Residences, a luxury dual-tower condominium property set to become as the tallest residential tower on Fort Lauderdale Beach. Located at 151 N. Seabreeze Blvd.
Kolter Urban, a Palm Beach-based real estate development and investment firm, has topped off Selene Oceanfront Residences, a luxury dual-tower condominium property set to become as the tallest residential tower on Fort Lauderdale Beach. Located at 151 N. Seabreeze Blvd, the 194-unit condominium development will showcase unparalleled panoramic Atlantic Ocean, Intracoastal, and city skyline views. Coastal Construction is the general contractor for the project which is slated for completion in Q2 2025.
"Reaching this construction milestone on schedule is a testament to the expertise of Coastal Construction and the incredible sales success of the development as a whole. Selene Oceanfront Residences is a one-of-a-kind property in one of South Florida's most sought-after destinations, set to deliver an uncompromising, contemporary lifestyle,” said Bob Vail, President of Kolter Urban.
Designed by Kobi Karp Architects with interiors by ID & Design International, Selene Oceanfront Residences offers 194 exceptionally spacious two- and three-bedroom residences ranging from 1,400 to 3,200 square feet with a limited collection of penthouses. The luxury condominium development brings contemporary architecture together with a host of indoor and outdoor resort-style amenities, including two elevated pool terraces with a resort-style pool, a lap fitness pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar. The base of the property will boast a park and over 5,400 square feet of restaurant space, providing an unrivaled oceanfront dining experience.
“Coastal Construction is thrilled to be part of the ongoing transformation of Fort Lauderdale Beach, contributing to the area's growth,” says Sean Murphy, Co-President of Coastal Construction. “Selene Oceanfront Residences has become one of the most high profile luxury projects in South Florida, with its twin 300 foot tall towers and expansive elevated pool decks, all overlooking the ocean.”
Kolter Urban has become the leader in condominium development on both the east and west coasts of Florida. The firm is responsible for 100 Las Olas located on Downtown Fort Lauderdale’s iconic Las Olas Boulevard and recently launched Solana Bay alongside Miami’s coastline. In Tampa, Kolter Urban is under development of ONE Tampa and has delivered Hyde Park House along Bayshore Boulevard. The firm is also responsible for the record-breaking ONE St. Petersburg and recently completed Saltaire. The Ritz-Carlton Residences, Sarasota Bay, which is now accepting contracts, as well as several completed projects of distinction in Sarasota including The Ritz-Carlton Residences, Mark Sarasota and Vue, with Bayso Sarasota delivered this year.
Douglas Elliman Development Marketing is the exclusive sales and marketing partner for Selene Oceanfront Residences.
For more information about Selene Oceanfront Residences or to inquire about purchasing a unit please fill out the form below:
Kolter Urban Reveals Selene Oceanfront Residences Penthouse Collection In Fort Lauderdale Beach
Kolter Urban has revealed the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 N. Seabreeze Blvd in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach.
Kolter Urban has revealed the Selene Oceanfront Residences Penthouse Collection, a limited collection of penthouse residences at the luxury condominium development located at 151 N. Seabreeze Blvd in Fort Lauderdale, directly across from the award-winning Las Olas Beach. The exclusive collection of eight penthouses is set on the top floors of the 26-story, two-tower property which will rise as the tallest building on Fort Lauderdale Beach. Douglas Elliman Real Estate leads the sales efforts for Selene Oceanfront Residences with penthouse residences priced from $10.8 million.
“The penthouse collection at Selene Oceanfront Residences is a unique offering on Fort Lauderdale Beach. With expansive interior and outdoor spaces alongside with sweeping oceanfront views, the property’s design elements have been thoughtfully curated to reflect the tropical-modern style Fort Lauderdale Beach is known for,” said Bob Vail, President of Kolter Urban. “We have seen a tremendous uptick in market demand and Selene’s Penthouse Collection is the ideal culmination of what the market is demanding in luxurious living.”
Designed by the award-winning Kobi Karp Architects with interiors by ID & Design International, Selene Oceanfront Residences’ penthouse collection offers four unique floor plans with two residences per floor, designed to the highest standards of quality and craftsmanship. The modern, flow-through penthouse floorplans range from 5,892 square feet to 6,630 square feet of interior and exterior living space. The South Tower floor plan offers four bedrooms, five and a half bathrooms, a family room and a media room, while The East Tower floor plan features three bedrooms, four and a half bathrooms, and a spacious living room.
Selene will offer over 5,300 square feet of restaurant space at the base of the building, providing an unrivaled oceanfront dining experience. Selene blends contemporary architecture together with a host of indoor and outdoor resort-style amenities, including two elevated pool terraces with a resort-style pool, a lap fitness pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar.
Kolter brings over 25 years of successful development experience to each new residential property, including regional achievements such as 100 Las Olas in Downtown Fort Lauderdale, The Ritz-Carlton Residences in Sarasota, and Hyde Park House in Tampa, among many other notable properties. The company not only delivers high-quality design and construction, but developments that provide a unique and amenity-rich lifestyle that anticipates the needs of residents and shapes how people will live in the future.
For more information about Selene Oceanfront Residences, private showings or purchasing/ leasing information please fill out the form below:
Kolter Urban Announces Grand Opening of Selene Oceanfront Residences Presentation Sales Gallery
Kolter Urban announced the grand opening of the sales gallery for Selene Oceanfront Residences, the highly anticipated 26-story luxury condominium that will rise as the tallest building on Fort Lauderdale Beach. The sales gallery will offer interactive virtual tours showcasing Selene’s breathtaking views.
Kolter Urban announced the grand opening of the sales gallery for Selene Oceanfront Residences, the highly anticipated 26-story luxury condominium that will rise as the tallest building on Fort Lauderdale Beach. Located at Galleria Plaza at 2591 East Sunrise Blvd, the sales gallery will offer interactive virtual tours showcasing Selene’s breathtaking views, expansive light-filled interiors and elevated oceanfront amenities. An architectural scale model and a model kitchen fitted with the designer finishes available for buyer customization upon ownership are also on display.
“Selene Oceanfront Residences has seen a tremendous response from buyers since its April launch,” said Bob Vail, President of Kolter Urban. “This is a one-of-a-kind project, unlike any other on Fort Lauderdale Beach, that will be a paragon of luxury waterfront living. We cannot wait to welcome prospective buyers into our sales gallery to provide a glimpse of what they can expect at their future residence.”
The slender two tower, beachfront property will offer spacious two- and three-bedroom residences ranging from 1,400 to 3,200 square feet priced from $900,000, as well as a limited collection of penthouses. Douglas Elliman is leading the sales efforts for the development.
The embodiment of resort living, Selene's indoor and outdoor amenities will include the Sea View Resort Plaza, an expansive elevated pool terrace with a resort-style pool, a 75’ fitness lap pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar. Construction will commence in November 2021 with expected completion by mid- 2024. Located at 151 N. Seabreeze Blvd., the development is nestled across from the award-winning Las Olas Beach.
Known for its rich history as an esteemed luxury developer, Kolter Urban is bullish on developing iconic waterfront and amenity-rich urban condominium residences and has introduced projects in key markets across the Southeast including the Palm Beaches, Boca Raton, Fort Lauderdale, Sarasota, Tampa, St. Petersburg and Atlanta. In addition to the sales momentum and gallery debut at Selene Oceanfront Residences, the developer recently sold out the Ritz-Carlton Residences Sarasota and ONE St. Petersburg and has multiple projects nearing close out before construction is complete. Kolter Urban anticipates announcing new developments in these markets in the near future.
By Katya Demina
PROFILE Exclusive Podcast Season 1 Episode 6 Featuring Dev Motwani of Merrimac Ventures
Season 1 Episode 6 of the PROFILE Exclusive Podcast by PROFILEmiami features Dev Motwani of Merrimac Ventures. Dev serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and development opportunities.
Season 1 Episode 6 of the PROFILE Exclusive Podcast by PROFILEmiami features Dev Motwani of Merrimac Ventures. Dev serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and development opportunities. Property types owned and operated include hotels, condos, retail, office and rental apartments primarily in South Florida but also throughout the United States.
Dev is also Founder and Managing Partner of Ramesh Properties, a distressed real estate investment fund focused on opportunistic investments in residential and commercial development sites throughout South Florida. He currently oversees nearly $750 million in development projects. Current projects include the Four Seasons Hotel and Private Residences, The Gale Boutique Hotel and Residences, as well as Las Olas Riverfront, all in the Fort Lauderdale area.
Dev is Founder and Managing Partner of Chieftain Residential, a yield-oriented distressed residential fund purchasing single-family homes, and residential land, primarily in the Southeast US and Texas. The fund aims to balance current income opportunities through the rental markets for its single-family home inventory, while also targeting capital appreciation in single family homes and land as the US Residential Market continues to rebound.
The PROFILE Exclusive Podcast by PROFILEmiami, the leader in South Florida residential and commercial real estate news and content, profiles and gets intimate with the movers and shakers in the South Florida real estate industry. Throughout the series we will interview and get inside the minds of South Florida's top developers, investors, brokers, architects, designers, etc. The PROFILE Exclusive Podcast is hosted by Demetri Demascus Co-Founder of PROFILEmiami and Director of Business Development at private equity group Galium Capital as well as Katya Demina, Co-Founder of PROFILEmiami and Development Associate at development firm Royal Palm Companies.
This Podcast is Presented By:
The Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Tops Off Over 70% Sold
Four Seasons Hotel and Private Residences Fort Lauderdale has officially topped off, with the tower reaching its full height of 22 stories. Developed by prominent Miami-based development firm Fort Partners, Four Seasons Fort Lauderdale offers a combination of five-star service, luxurious design and homes with unobstructed waterfront views.
Four Seasons Hotel and Private Residences Fort Lauderdale has officially topped off, with the tower reaching its full height of 22 stories. Developed by prominent Miami-based development firm Fort Partners, Four Seasons Fort Lauderdale offers a combination of five-star service, luxurious design and homes with unobstructed waterfront views. The project is currently more than 70% sold and is slated to open later this year.
“Four Seasons Fort Lauderdale is a significant development for Fort Partners and Fort Lauderdale as it redefines this city as an international luxury destination,” said Ramzi Achi, Principal of Fort Partners. “Watching the building achieve its full height has been incredibly exciting and we look forward to seeing its elegant and contemporary design come to life as we approach completion later this year.”
Construction on Four Seasons Fort Lauderdale is being handled by Coastal Construction, one of the Southeast’s preeminent construction companies, and overseen by premier national construction management company Lehrer Cumming.
“It is a privilege to once again work with Fort Partners and bring to life this transformative tower, which is setting a new benchmark for luxury living in Fort Lauderdale,” said Thomas P. Murphy, Jr., Chairman and CEO of Coastal Construction.
A team of lauded global visionaries is bringing the development to life, including London-based interior designer Tara Bernerd, hospitality designer Martin Brudnizki, Miami-based architect Kobi Karp and Miami based landscape architect Fernando Wong. In a first-of-its-kind collaboration, Fernando Wong is offering complimentary landscaping services for the development’s residences, making his esteemed talents readily available at a time when private outdoor space is the most important home feature for luxury buyers.
Four Seasons Fort Lauderdale will include 148 guest rooms and 83 residences ranging from one- to four-bedrooms, with each residence offering expansive living spaces, large private terraces and unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Amenities and à-la-carte services managed by Four Seasons, include a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa, yachting services and special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean. Pets will have their very own pet concierge and on-call veterinarian.
Pricing for two-to four-bedroom private residences starts at $3,595,000 and occupancy will begin later this year. Douglas Elliman Development Marketing exclusively overseeing sales and marketing for the project.
Photos by Lifestyle Production Group
For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:
Michael Wekerie Lists The Former Anheuser-Busch Estate In East Fort Lauderdale For $19.25 Million
The former Anheuser-Busch estate, one of the largest waterfront properties in East Fort Lauderdale, is now on the market listed for $19.25 million. 1000 Riviera Isle Drive is 9,392 sq.ft. with over 525 feet of deep water frontage. The estate was originally built in 1938 for the Anheuser-Busch family and is now owned by Canadian TV Star, Michael Wekerie.
The former Anheuser-Busch estate, one of the largest waterfront properties in East Fort Lauderdale, is now on the market listed for $19.25 million. 1000 Riviera Isle Drive is 9,392 sq.ft. with over 525 feet of deep water frontage. The estate was originally built in 1938 for the Anheuser-Busch family and is now owned by Canadian TV Star, Michael Wekerie. Scenes from George Wells’ 1960s movie, Where The Boys Are, were filmed at the home.
The Estate is designed by Francis Abreu, apprentice of Addison Mizner. The main house features 8 bedrooms, 9 bathrooms, 2 half baths, media room, chef’s kitchen, gym and many areas for entertaining. There is also a two-bedroom guest house on the property. What makes this estate most unique is Wekerie’s addition of outdoor band shell set up to host music concerts. Wekerie is a television personality best known for the Candian reality show Dragon’s Den. Wekerie also has an extensive art collection that can be negotiable in the sale of his estate. 1000 Riviera Isle Drive, Fort Lauderdale is listed exclusively with Ruchel Coetzee of Douglas Elliman.
Four Seasons Fort Lauderdale Reveals The Most Expensive Condo in Fort Lauderdale, The Newly Listed $35 Million Penthouse
Four Seasons Private Residences Fort Lauderdale, the first five-star development in Fort Lauderdale, just listed a record-breaking $35 million penthouse. The asking price would more than triple the priciest condo sale ever recorded in the city. Branded "SkyHome," the $35 million five-bedroom, six-bathroom penthouse residence spans nearly 19,000 SF of interior and exterior space.
Four Seasons Private Residences Fort Lauderdale, the first five-star development in Fort Lauderdale, just listed a record-breaking $35 million penthouse. The asking price would more than triple the priciest condo sale ever recorded in the city. Branded "SkyHome," the $35 million five-bedroom, six-bathroom penthouse residence spans nearly 19,000 SF of interior and exterior space, including its own nearly 7,000 SF private rooftop park with a pool and putting green. The spectacular home, which is designed by Tara Bernerd, boasts an outdoor pool surrounded by sweeping waterfront views, a private fitness center, home theater and wine-tasting space with temperature-controlled storage. There are also immense walk-in closets, a private laundry room and a private elevator entry to ensure discretion.
Residents enjoy world-renowned Four Seasons service and access to the development’s curated amenities including two pools with luxury cabanas, a state-of-the-art fitness center, beach butler service, signature Four Seasons spa, yachting services and a pet concierge with an on-call veterinarian.
Douglas Elliman's Fredrik Eklund of the acclaimed Eklund Gomes team, known for handling the most luxurious properties across the world, has been tapped to handle the sale of the residence. The development is well over 60% sold, and first occupancy is scheduled for 2021.
Images via Four Seasons Private Residences Fort Lauderdale
For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:
Four Seasons Hotel & Private Residences Fort Lauderdale Tabs Coastal Construction As General Contractor
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project.
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project with premier construction management company Lehrer Cumming overseeing construction of the luxury tower. Fort Lauderdale Mayor Dean Trantalis also addressed the audience, speaking to the state of the city’s real estate market, highlighting the growth and transformation of Fort Lauderdale into an international destination. Upon completion, Four Seasons Fort Lauderdale will be one of Fort Partners’ iconic properties within the Four Seasons portfolio and Fort Lauderdale’s first true five-star destination.
“Four Seasons Hotel and Private Residences Fort Lauderdale is making incredible strides to help redefine this city as an international destination, and we are pleased to celebrate our recent success as we progress towards completion,” said Nadim Ashi, Founder of Fort Partners. “We’ve selected the best industry leaders to oversee this monumental development throughout each stage of development, and are thrilled to welcome both Coastal Construction and Lehrer Cumming to our team.”
Coastal Construction is one of the Southeast’s preeminent construction companies and is ranked in the top 100 construction management companies in the country. The firm has a distinguished roster of clients including Fort Partner’s distinguished development, The Surf Club in Miami, as well as Porsche Design Tower and Miami Beach’s Faena District. Led by Chairman and CEO Thomas P. Murphy, Jr., Coastal Construction was founded in 1988 and has been under the Murphy family’s leadership for four generations.
“Coastal Construction is honored to have been selected by Fort Partners as the general contractor of record for Four Seasons Hotel and Private Residences Fort Lauderdale. It is a privilege to once again work with the Fort Partners development team, on this transformative tower which is setting a new benchmark for luxury living in Fort Lauderdale,” said Thomas P. Murphy, Jr., Chairman and CEO of Coastal Construction.
The 22-story hotel and condominium development will offer 130 guest rooms and 90 residences ranging in size from one- to four-bedrooms, with each residence offering sprawling living spaces and generous outdoor terraces with unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Residents will receive special courtesies at Fort Partner’s premier portfolio, including Four Seasons Hotel and Residences at The Surf Club in Surfside, Four Seasons Resort Palm Beach, and Norman’s Cay, an exclusive island in the Bahamas. Four Seasons Fort Lauderdale broke ground in spring 2018 and construction remains on schedule. Pricing for two- to four-bedroom private residences begins at $3.795 million.
For more information about Four Seasons Hotel & Private Residences Fort Lauderdale, private showings, availability or purchasing/ leasing information please fill out the form below:
Newgard Development Group Completes The Sold-Out Gale Residences Fort Lauderdale Beach
Newgard Development Group has completed the Gale Residences Fort Lauderdale Beach, the 129-unit hotel-condo project which is located at 401 Bayshore Drive and part of the Gale Boutique Hotel & Residences project. Closings are expected to begin soon with a roughly $100 million sell-out.
Newgard Development Group has completed the Gale Residences Fort Lauderdale Beach, the 129-unit hotel-condo project which is located at 401 Bayshore Drive and part of the Gale Boutique Hotel & Residences project. Closings are expected to begin soon with a roughly $100 million sell-out. The residential part of the project, Gale Residences, first received its TCO in May 2017 and the hotel component of the project is expected to open by the end of 2018. In total, Gale Hotel & Residences will feature 129 residential suites and 96 hotel rooms. Harvey Hernandez' Newgard Development Group partnered with Dev Motwani's Merrimac Ventures on the project and construction was financed via a $35.6 million construction loan provided by HSF.
The Residences portion of the project rises 12-stories and features 122-suites ranging from one to three bedroom layouts, 800 SF - 2,100 SF, as well as 7 two-story beach homes. Amenities include a residents-only pool, gym, club room, movie theater, valet and and electric car-charging stations. Pricing ranged from $450,000 to $1.4 million and sales first launched in early 2015.
Construction is currently underway at the adjacent Escape Hotel, which helped launch Fort Lauderdale into prominence as a vacation destination upon opening in 1951, as it is being restored as the hotel portion of the Gale Boutique Hotel & Residences. Newgard Development Group closed on a $19.15 million construction loan to renovate the aging structure in early 2018. The financing, a first lien construction loan, was provided by the Dallas-based HALL Structure Finances (HSF). Menin Hospitality will manage the hotel upon opening.
Ytech has unveiled 75 Broadway in Brickell: a 52-story collection of 106 homes from $3 million, designed by KPF with ACPV interiors and Enea landscapes. Completion is anticipated in late 2029.