Fort Partners Pays Off $210 Million Construction Loan at Four Seasons Fort Lauderdale

Miami-based development firm Fort Partners has today announced that the $210 million construction loan for the Kobi Karp-designed Four Seasons Hotel and Private Residences Fort Lauderdale has been paid off. The loan, financed by Madison Realty Capital, became the largest residential construction loan in Fort Lauderdale history when it closed in 2019, and still holds that title today.

“With the opening of the hotel, closings well underway and only a handful of residences remaining for sale, we are incredibly proud of our team at Four Seasons Fort Lauderdale,” said Nadim Ashi, Founder of Fort Partners. “Paying off this construction loan is a very important milestone for us, and comes just as the project is debuting to the world for the first time.”

Four Seasons Fort Lauderdale features 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces and generous outdoor terraces overlooking the Atlantic Ocean and Intracoastal Waterway. The hotel celebrated its official opening earlier this month, and residents began moving in shortly thereafter. Sales have been incredibly strong at the development, and now there are only three residences left for sale. Current availability is priced from $4.6 million.

"The pace in which we were able to achieve near sellout and pay off Fort Lauderdale’s largest construction loan in history is unprecedented for the area," added Ramzi Achi, Principal of Fort Partners. “Four Seasons Fort Lauderdale is a first-of-its-kind luxury development, and it’s been gratifying to see buyers recognize this tremendous value.”

Images via Rich Stapleton

Cordova Building In Fort Lauderdale Trades For $7 Million In Off-Market Office Transaction

The Cordova Building in Fort Lauderdale has sold for $7 million in an off market transaction. Southern Centers Associates I LP, led by longtime Fort Lauderdale developers and investors Kevin Buckley and Randall Kella, sold the 1500 Cordova Road property to Sunrise-based Centerline Capital Advisors. The transaction closed on April 6 and was represented Native Realty CEO Jaime Sturgis who represented both sides of the transaction.

The 29,333-square-foot office building sits on a 0.8-acre property. Willis Tower Insurance and Luke Brown Yachts are two of the building’s notable tenants. Sturgis was engaged by the seller to handle the discreet off-market disposition process.

Centerline actively purchases and manages income-producing assets in South Florida. The company was launched in 2013 to continue the legacy of predecessor Centerline Homes, a prolific homebuilder that was acquired by Standard Pacific.

The Cordova Building sale is Native’s second significant closing in the past few days. Sturgis and Senior Associate Dan Ross represented the sellers in the $11 million sale of the future site of Advantis Station at Flagler Village on March 31. The duo brought together four different property owners to complete that transaction.

“From complex land assemblages to trophy office buildings, we are making significant deals happen in a tight market with limited inventory,” Sturgis said. “With the off-market Cordova Building sale, we identified the right buyer to execute quickly and allow the seller to have a smooth exit. We are actively looking for more inventory to help sellers realize maximum value for their properties.”

Four Seasons Private Residences Fort Lauderdale Begins Closings At Record Price Per Square Foot

Four Seasons Private Residences Fort Lauderdale, the first five-star development to debut in the nation’s yachting capital, has commenced closings. The first residences have closed at an average of $2,000 per square foot, an unprecedented price for the Fort Lauderdale condominium market. Only seven developer residences of the initial 83 remain for sale as the project is quickly approaching sellout and buyers can now tour the completed residences for the first time as the building readies for opening. Initial occupancy will begin this quarter, in conjunction with the opening of the hotel.

“Fort Partners has always recognized the potential that Fort Lauderdale held,” said Nadim Ashi, Founder and CEO of Fort Partners, who developed the project. “I am proud of the talent that we assembled to provide exceptional exclusivity, design, and service in a city that was ready to be reimagined as a luxury oceanfront destination.”

Prospects touring the building can experience the luxurious interiors designed by award-winning London-based designer Tara Bernerd, and understand how Miami-based architect Kobi Karp, the mastermind behind the building’s distinctive shape, designed the building so that every residence offers views of the ocean. They can also walk the building’s private gardens, which were designed by landscape architect Fernando Wong. In a first-of-its-kind collaboration, Fernando is offering residents at Four Seasons Fort Lauderdale exclusive, complimentary landscape design services at their private terraces. Residents can work directly with Fernando to transform their outdoor spaces into enviable lounges with lush greenery. The unique service adds to the allure of the indoor-outdoor lifestyle at Four Seasons Fort Lauderdale, one of the finest in all of South Florida.

“Fort Partners is proud of the standards it has set for hospitality and residential living in Fort Lauderdale,” said Ramzi Achi, Principal of Fort Partners. “The Four Seasons Hotel and Private Residences is an iconic development that has been created by a team of visionaries and will provide the best in services as well as beautiful design and exclusivity for its residents.”

In tandem with the opening of the residences and the highly anticipated new hotel, two culinary concepts will also debut early this year. They are Evelyn’s Table, an upscale oceanfront restaurant located on the Ocean Terrace, and Honey Fitz, a casual café and bar located in the lobby. In addition to offering residents a dynamic resort experience, the restaurants will bring fresh, elevated cuisine to Fort Lauderdale, with elegant interior design by hospitality designer Martin Brudnizki. Named for Evelyn Fortune Lilly Bartlett, the Fort Lauderdale luminary who founded local landmark Bonnet House Museum & Gardens, Evelyn’s Table honors Evelyn’s commitment to bringing art and creativity to the beaches of Fort Lauderdale.

Evelyn’s Table will serve coastal cuisine with eastern Mediterranean flavors, and exude the tradition of a yacht club combined with the glamour of Four Seasons in Fort Lauderdale. The design features a polished palette of blues, whites and woods, along with sophisticated and fresh nautical accents. Honey Fitz is the lobby café and champagne bar named after the Presidential yacht made famous by John F. Kennedy. It will offer gourmet coffee creations and pastries during the day and wine and champagne at night.

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 a pet concierge with an on-call veterinarian. Residents also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean.

Pricing for two- to four-bedroom private residences begins at $4.6 million. Sales and marketing are overseen by Douglas Elliman Development Marketing.

Imagery via Four Seasons Fort Lauderdale

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Pura Vida Set To Open 10th Location As The Healthy Eats Hotspot Expands To Brickell

Local wellness-driven hotspot Pura Vida is bringing their signature beach vibes and all-day Breakfast Menu to Miami’s bustling Brickell neighborhood, with the upcoming opening of the brand’s tenth location. Jennifer and Omer Horev, the husband/wife duo behind Pura Vida, have been steadily expanding the brand since they opened the first cafe in Miami Beach in 2012. The latest Pura Vida Brickell debut will join recent openings, which were unveiled in both Fort Lauderdale and Bay Harbour just last year.

“Brickell, in my eyes, is the perfect bustling central location for Pura Vida’s next home,” said Omer Horev, Chief Executive Officer and Founder of Pura Vida. “New concepts, businesses, and people from all over the world are coming to Brickell as it has quickly become a hub for every industry under the sun. We are continuing to leave our mark on Miami as Brickell will be our tenth expansion location. We couldn’t be more proud of our brand’s growth and the support we’ve received from the community throughout the years which has pushed us to continue to grow and tap into every market of this great city of ours.”

The prime Brickell location is just steps away from Brickell City Centre. Pura Vida Brickell spans 2,400 square feet of space that includes an indoor and outdoor capacity of 50 seats total. Pura Vida Brickell is designed in the brands signature breezy aesthetic characterized by minimalist design elements, natural tones, and bright and airy spaces. The venue will offer locals a genuine go-to spot for a health-focussed all-day breakfast and lunch.

Upon opening, Pura Vida will introduce three brand-new menu items, which will be unveiled exclusively at the Brickell outpost before rolling out company-wide. The new dishes include beet juice, sweet potato dishes, and new wellness shots! Familiar Pura Vida patrons can also look forward to the cafe’s signature staples such as the All-Day Breakfast Menu featuring a range of avocado toasts, free-range egg sandwiches, fresh bagels, wraps, and bowls, Raw organic Acai Bowls, crisp and refreshing salads topped with wild ahi tuna, chicken, salmon, or vegan-lentil based adashah, an array of cold-pressed juices and superfood smoothies, kombucha, artisanal coffees, and an extensive offering of freshly-baked goods and gluten-free, vegan sweet treats.

“As the evolution of Pura Vida naturally unfolds, we are continually motivated to push for new opportunities to help and give back to our surrounding communities through meaningful partnerships with local organizations and charities,” said Jennifer Horev, Chief Brand Officer of Pura Vida. “We focus heavily on sustainability and are constantly trying to push the envelope for a better environment, starting right here in Miami. We have transformed Pura Vida into a health-conscious, lifestyle brand that we hope can resonate heavily with the new Miami markets we’re expanding to now and in the coming years.”

Pura Vida Brickell is located at 1100 South Miami Ave. 33130 Brickell. Hours of operation will be 8 AM - 8 PM, daily.

Images via Pura Vida

Kushner Cos. And Aimco Acquire Fort Lauderdale Development Site For $49 Million, To Build City's Tallest Tower

A partnership between Kushner Cos. and Aimco (NYSE: AIV) has acquired a development assemblage in Fort Lauderdale for $49 million and plan to develop Fort Lauderdale’s tallest tower. The development partnership acquired a 1.87-acre site at 520 W Broward Blvd. for $35.5 million from Swire Properties as well as a 2.31-acre site at 300 W Broward Blvd. for $13.5 million. The acquisition was financed with a $40 million mortgage provided by MSD Partners.

The towers would rise 48-stories, 546’. The tallest building in Fort Lauderdale is currently the 46-story 100 Las Olas. The project would feature 956 rental apartments, 23,752 SF of commercial space and 1,031 parking spaces. The tower was designed by ODA Architecture and features two towers joined by a 10-story base which will house the amenities including a fitness center, library and resident’s lounge. Atop the landscaped podium will be sunrise and sunset pools, cabanas and a yoga deck. Plans for the project were submitted to the City of Fort Lauderdale for approval in late 2021.

Renderings via ODA Architecture

Pura Vida Expands To Broward County With Opening Of Pura Vida Las Olas In Fort Lauderdale

Pura Vida, the wellness-driven all-day cafe hotspot known for its healthy extensive menu and tropical chic vibe, continues its South Florida expansion with Pura Vida Las Olas set to open in Fort Lauderdale on Friday, December 17. Husband-wife founders, Omer and Jennifer Horev, both grew up in Fort Lauderdale. Launching in December 2021 in Las Olas, this marks Pura Vida’s ninth restaurant opening and the brand’s first location in Broward County, with anticipated plans for several additional Broward County outposts to come within the next 12-24 months.

“I am absolutely thrilled to be able to expand the Pura Vida brand into the great city of Fort Lauderdale - the very city which led to the start of my real estate career. Having lived in the area from 2005-2010, I am excited to be able to go back and I’m honored to have the opportunity for Pura Vida to be a part of it.” Said Omer Horev, Chief Executive Officer and Founder of Pura Vida.

Boasting 4,442 square feet of outdoor dining space, Pura Vida Las Olas is designed in the brand’s signature Instagram-worthy aesthetic, characterized by minimalist design elements, natural tones and light wooden finishes that create a bright and airy space. Located at the Society Las Olas building in Fort Lauderdale, the latest Pura Vida unveiling is nestled behind Multidisciplinary artist, Daniel Popper’s iconic “Thrive” sculpture and is poised to establish itself as an all day breakfast, brunch and lunch destination for locals and visitors.

“Aside from offering locals a new go-to spot for all day breakfast and lunch, we are also very much looking forward to collaborating with the community and surrounding local businesses. I also grew up in the Weston / Fort Lauderdale area, so this is a very special location for me as well. My family and friends are absolutely thrilled we are finally bringing the Pura Vida concept to Broward! ” Said Jennifer Horev, Chief Brand Officer and Founder of Pura Vida.

Pura Vida established roots in Miami Beach back in 2012. Led and founded by husband-wife team Omer and Jennifer Horev, what initially started out as a side passion project quickly expanded into a prominent health-focused restaurant and lifestyle brand with several outposts across South Florida. Today, the couple have nurtured and steadily expanded the Pura Vida brand to include numerous locations including eight cafes in Miami, one in West Palm Beach’s The Square and their most recent unveiling in downtown Las Olas, Fort Lauderdale.

Familiar Pura Vida patrons can look forward to the cafe’s quality-driven menu, offering an array of cold-pressed juices and superfood smoothies, kombucha, artisanal coffees, an amazing offering of freshly based goods, an extensive All-Day Breakfast Menu featuring a range of avocado toasts, free-range egg sandwiches, fresh bagels, wraps, and bowls, Raw organic Açaí Bowls, crisp and refreshing salads topped with wild ahi tuna, chicken, salmon, or vegan-lentil based adashah and a wide variety of gluten-free and vegan sweet treats.

Pura Vida Fort Lauderdale is located at 221 SW 1st Ave, Fort Lauderdale, FL 33301 and will be open Monday through Sunday, 8AM - 4PM. Delivery and pick-up are available through the Pura Vida Miami app.

Images via Pura Vida

Four Seasons Private Residences Fort Lauderdale Passes $250 Million In Sales With Closings Set For December

Four Seasons Private Residences Fort Lauderdale, the first five-star development to debut in the nation’s yachting capital, has announced that sales have surpassed $250 million. The important milestone was achieved in advance of first closings, which are slated for this December, and signifies the strength in the market for Four Seasons-branded services and amenities and oceanfront new construction. When Four Seasons Fort Lauderdale opens at the end of the year, Fort Partners, the Miami-based company leading the property’s development, will also unveil model residences that showcase the residences’ unique combination of luxurious design, water views and private outdoor spaces.

“Fort Lauderdale is ready for its first five-star development, and the sales success of Four Seasons Fort Lauderdale proves that,” said Nadim Ashi, Founder of Fort Partners. “The Four Seasons brand, synonymous with luxury, has been known to elevate cities into international destinations for the most discerning travelers and second-home buyers. We’ve seen that here as people from all around the world— and from our own backyard in places like Miami and Palm Beach—have descended on Fort Lauderdale to own a piece of this marquee Four Seasons development. We’re excited to welcome our new residents home later this year.”

“It has been amazing to watch our vision for Fort Lauderdale’s most luxurious development come to life,” said Ramzi Achi, Principal of Fort Partners. “We worked with the best and brightest names in the industry to deliver modern, oceanfront residences that will forever change the landscape of Fort Lauderdale, and we are proud to offer buyers a high-end lifestyle that is second to none in the area. Four Seasons Fort Lauderdale has already become an icon along the shoreline, and we look forward to unveiling the property this December.”

Four Seasons Fort Lauderdale features 83 residences and 148 guest rooms designed by a team of world renowned global visionaries, including award-winning London-based designer Tara Bernerd, who led the interior design for the residences and hotel; Miami-based architect Kobi Karp, the architectural mastermind behind the development; hospitality designer Martin Brudnizki, who created the design of the signature culinary experiences at the forthcoming Ocean Terrace restaurant; and landscape architect Fernando Wong, who envisioned the grounds of the development and will also offer private terrace landscaping services to private residence owners in a first-of-its-kind collaboration. Fernando will make 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 has created the blueprint for luxury and class in Fort Lauderdale with its first-class amenities, five-star services and unmatched views,” said Dan Teixeira, the Director of Sales at the development. “Surpassing a quarter of a billion dollars in sales is a true testament to the vision of the development and design teams to build one of South Florida’s most desirable addresses. Our success to date has set a new precedent for what’s possible in this market.”

As one of the most iconic properties within the Four Seasons portfolio, Four Seasons Fort Lauderdale is fast-approaching sellout at over 85 percent sold. The residences range in size from one- to four bedrooms, and have lured buyers for their sprawling living spaces and generous outdoor terraces featuring unparalleled views of the Atlantic Ocean and Intracoastal Waterway.

One of the last and most spectacular listings to hit the market is the tower’s crown jewel, Penthouse 2202, priced at $15.9 million. The 6,168-square-foot penthouse features direct elevator entry, a picturesque open floor plan and 5,550- square-feet of terrace space, including a private rooftop pool.

All residents at Four Seasons Fort Lauderdale will have access to the wide array of amenities and à-la carte services managed by Four Seasons, including a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa, yachting services and a pet concierge with an on-call veterinarian. They will also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean.

Prospective buyers touring the property and the last remaining listings this December will have the opportunity to experience the completed pool deck and hotel, elevated finishes by Tara Bernerd, as model residences designed by top industry names. Pricing for two- to four-bedroom private residences begins at $3.595 million. Sales and marketing are handled by Douglas Elliman Development Marketing.

Imagery via Four Seasons Fort Lauderdale

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Hines Acquires Mixed-Use Development Site In Fort Lauderdale's Flagler Village For $57.41 Million

The Houston-based development firm Hines has acquired a mixed-use development site in Fort Lauderdale’s Flagler Village neighborhood for $57.41 million. The properties acquired make up the proposed FAT Village project which were assembled by Urban Street Development, led by Alan Hooper, and Restaurant People, led by Tim Petrillo. Urban Street Development will remain as a Joint Venture partner in the project. FAT Village would bring 835,000 SF of total development spanning 500 apartment units, 350,000 SF of office space and 71,000 SF of ground floor retail. Hines has revealed plans to build one of the office buildings as a 180,000 SF T3 building, T3 is known as “Timber, Transit and Technology,” in which the building would be built out of sustainable timber. Hines already has built T3 buildings in Minneapolis, MN and Atlanta, GA and has proposed another in Austin, TX.

Flagler Village is a fast transforming neighborhood in Fort Lauderdale that was once an industrial warehouse district and now represents Fort Lauderdale’s Arts District, full of art galleries, studios, craft breweries, coffee shops and retail.

Hines was founded in 1957 by Gerald D. Hines and has $83.6 billion under management. The firm has developed over 492 million SF including Williams Tower, One Shell Plaza, Pennzoil Place, JPMorgan Chase Tower, the TC Energy Center, Kinder Morgan Tower and Aris Market Square in Houston. Hines also developed the Jean Nouvel-designed 53 West 53 and 885 Third Avenue, also known as the infamous Lipstick Building.

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. 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

Pinnacle Breaks Ground on Bimini Cove Luxury Multifamily Project In Fort Lauderdale

The Miami-based multifamily developer Pinnacle has broken ground on Bimini Cove, the firms newest planned luxury rental community in Fort Lauderdale. Nestled into the Marina Bay area along the south fork of the New River along State Road 84 just west of I-95, the community will offer exceptional convenience for land and sea lovers alike. The community is expected to be complete in late 2022.

The eight-story boutique community will feature spectacular waterfront views with its unique curved design and will feature 140 one and two bedroom units, including two penthouse units, each with spacious island kitchens and open concept modern floor plans with private balconies. The architect is Fort Lauderdale-based Pasquale Kuritzky Architecture, Inc., who also designed Pinnacle’s highly-successful Pinnacle at Tarpon River development in downtown Fort Lauderdale.

“Bimini Cove will be at the center of everything in Fort Lauderdale” said David O. Deutch, co-founder of Pinnacle. “In addition to upscale amenities, inspired design and impressive waterfront views, Bimini Cove residents will enjoy stunning marina sunsets and convenient access to everything the city has to offer at a very approachable price point.”

Bimini Cove will feature a full suite of luxury amenities, including a penthouse indoor/outdoor “Sunset Lounge” with spectacular views of the New River and South Florida sunsets and a resort-style pool with grilling area and wet bar. The community will also offer a spacious fitness center with state-of-the-art equipment and a workout room offering on-demand yoga, Pilates and more. Additional amenities include conference room/meeting space, secure package delivery room, ample bike parking, indoor bike storage and repair area, ride-share pickup location and covered parking with electric charging stations.

Bimini Cove is centrally located in Fort Lauderdale, minutes away from Brightline and Tri-Rail stops, Ft. Lauderdale/Hollywood International Airport, employment, shopping and schools, and adjoining the new I-95/State Road 84 interchange that is being constructed simultaneously with the development.

“Bimini Cove is literally in the heart of Broward County’s transportation network, with easy access everywhere quickly and efficiently,” noted Pinnacle’s Regional Vice President, Timothy P. Wheat.

Bimini Cove is also a mixed-use development, offering just over 1,700 SF of available retail/office space. Information concerning rental opportunities will be made available in early 2022.