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FEBRUARY 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 Vice President | Sergio Pintos EDITORIAL Chief Marketing Officer | Veronica Escobedo Communications Director | Kattie Maldonado Marketing Coordinator | Melissa Tello RESEARCH Director of Market Research | Athena Rossano Market Research Coordinator | Daniella Aragon DESIGN Creative Director | Edward Trelles Graphic Designer | Andres Penalver ISG TEAM CONTRIBUTORS Liliana Gomez, Alex Vidal, Andres Valdivieso, Raquel Kaufman, Amanda Manteiga, Patricia Restrepo, Marly Jaramillo, Rowena Luna


FEATURED STORY

NEW CONSTRUCTION

REDEVELOPMENT MAP

SUMMARY

OVERVIEW

CULTURAL & ECONOMIC GROWTH

POINTS OF INTEREST

TRANSPORTATION

LANDSCAPE OF THE FUTURE

FORT LAUDERDALE 2020

4 6 8 11 12 14 16 24 30 32


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 The Related Group of Miami, said the new construction should prompt a “complete revitalization” of Fort Lauderdale Beach.

$78MIL

IN REDEVELOPING FORT LAUDERDALE BEACH

Photo Credit: Paul Morris Photography

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ISG MIAMI REPORT - FORT LAUDERDALE

$1.5BIL

IN NEW CONSTRUCTION PROJECTS ON FORT LAUDERDALE BEACH


“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

“Fort Lauderdale has long lurked in Miami’s shadow. But lately, developers say, Broward County is looking like a bargain to [individuals] priced out of Miami, and it’s poised to steal some of the Magic City’s thunder.” , 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.” , December 2015

ISG MIAMI REPORT - FORT LAUDERDALE 5


6 ISG MIAMI REPORT - FORT LAUDERDALE


NEW CONSTRUCTION

ISG MIAMI REPORT - FORT LAUDERDALE 7


FORT LAUDERDALE IS THE NEXT MIAMI BEACH Fort Lauderdale Beach is getting a $1.5 Billion towards redevelopment

AUBERGE

$1.5 BIL TOTAL VALUE OF NEW CONSTRUCTION

THE WAVE

COMING SOON COMING SOON NEW CONSTRUCTION YEARLY VALUE COMPARISON

$1.5 BILLION

2016 2012

8

$0

ISG MIAMI REPORT - FORT LAUDERDALE


THE RESIDENCES AT W FORT LAUDERDALE

PARAMOUNT GALE

THE OCEAN FOUR SEASON

32ONE AC HOTEL MARRIOTT ON THE BEACH


FORT LAUDERDALE Total New Construction Condo Units available for sale since Jan. 2012 Developer Units Unsold

Developer Units Sold

32One 1800 Las Olas Adagio On The Bay AquaBlu Fort Lauderdale

FORT LAUDERDALE

100% SOLD

4 Total Units

100% SOLD

12 Total Units

54% Sold

35 Total Units

AquaLuna Las Olas

80% SOLD

16 Total Units

AquaMar Las Olas

50% SOLD

20 Total Units

AquaVita Las Olas

100% SOLD

Auberge North Tower

22 Total Units

90% SOLD

Auberge South Tower

57 Total Units

10% SOLD

114 Total Units

BellaVita Las Olas

COMING SOON

16 Total Units

*Four Seasons Private Residences

11% SOLD

42 Total Units

*Gale Hotel & Residences

56% SOLD

128 Total Units

Paramount Fort Lauderdale

70% SOLD

95 Total Units

Riva

60% SOLD

100 Total Units

The Wave *Hotel not Included

10

23 Total Units

17% SOLD

ISG MIAMI REPORT - FORT LAUDERDALE

33% SOLD

18 Total Units


NEW CONSTRUCTION SUMMARY

Project units total

Developer Units Sold

Developer Units Unsold

356

51% SOLD AS OF JANUARY 2016

702 TOTAL

346 UNSOLD

702 Units total / 356 Units Sold / 346 Unsold

AVG. ABSORPTION: 210 UNITS ANNUALLY OVER THE LAST 5 YEARS

ISG MIAMI REPORT - FORT LAUDERDALE

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A1A

EAST FORT LAUDERDALE OCEANFRONT CONDOMINIUM OVERVIEW MLS RESALES PRE-CONSTRUCTION NEW DEVELOPMENTS A1A

AUBERGE - North Tower $3,569,000 | $1,100 psf | 6 Active Listings / 57 Total Units* *51 Converting to Contract - Under Construction

AUBERGE - South Tower $3,000,000 | $1,100 psf | 103 Active Listings / 114 Total Units* *11 Converting to Contract - Under Construction

PARAMOUNT $2,380,000 | $850 psf | 29 Active Listings / 95 Total Units* *66 Under Contract - Under Construction

THE WAVE $970,000 | $510 psf | 12 Active Listings / 18 Total Units* *6 Under Reservation

THE OCEAN (formally The Conrad) $890,000 | $900* psf (furnished) | 242 Active Listings / 291 Total Units*

836

**49 Under Reservation/Contract - Renovations near Completion - Summer 2016

A1A

FOUR SEASONS PRIVATE RESIDENCES $3,500,000 | $1,500 psf | 40 Active Listings / 37 Total Units Groundbreaking Q2 - 2016, *5 Under Reservation

THE RESIDENCES AT W FORT LAUDERDALE $1,100,000 | $850 psf | Fully Finished & Furnished 134 Active Listings / 171 Total Units *Redesign Complete Q4 - 2016

GALE HOTEL & RESIDENCES - 47 out of 128 Total Units $660,000 | $550 psf | 57 Active Listings / 128 Total Units* *71 Under Reservation - Groundbreaking Q1 2016

32ONE $3,200,000 | $800 psf | 21 Active Listings / 23 Total Units* *4 Under Reservation - Construction begin Q2 - 2016

A1A

E LAS OLAS BLVD

THE RITZ-CARLTON $2,688,333 | $1,329 psf | 9 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 12

ISG MIAMI REPORT - FORT LAUDERDALE


FORT LAUDERDALE AND MIAMI BEACH HISTORICAL CONDO PRICING FOR OCEANFRONT CONDOS BUILT SINCE 1990

$2,500 $2,250

Fort Lauderdale Price PSF

Miami Beach Price PSF

$2,000 $1,750 $1,500 $1,250 $1,000 $750

25% DIFFERENCE IN PSF

26% 27

%

DIFFERENCE IN PSF

28

%

29

%

DIFFERENCE IN PSF

261% DIFFERENCE IN PSF

DIFFERENCE IN PSF

DIFFERENCE IN PSF

$500 $250 0

1990

1995

2000

2005

2010

2015

Source: Miami Dade and Broward County Tax Records, Multiple Listing Service (MLS) and On-site Sales Offices for New Construction

ISG MIAMI REPORT - FORT LAUDERDALE

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ISG MIAMI REPORT - FORT LAUDERDALE


CULTURAL & ECONOMIC GROWTH

ISG MIAMI REPORT - FORT LAUDERDALE

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22 30

N FEDERAL HWY

27 35

NE 13TH ST

NE 15TH AVE

N VICTO RIA PARK RD

E SUNRI SE BLVD

NE 15TH AVE

NE 14TH AVE

1

N E 2 0 T H AV E

AG

N

PR

O

G

N FEDER AL HWY.

RE

SS

O

D

FL

R.

LE

R

AV E

5

NE 4TH AVE

N ANDR EWS AVE

20

1

NE 6TH ST

16

NE 3RD AVE 1

NE 2ND ST

E BROWA RD BLVD

W BROWA RD BLVD

SE 8TH AVE

10 SW 2ND ST

SE 2ND ST 9

7 3

37 11

28

1

16

17

36

ISG MIAMI REPORT - FORT LAUDERDALE

SE 2ND CT

E LAS OLAS BLVD

N RI O V I S TA B LV D

13

SW 9TH ST 15

2

SE 4TH ST

S. FEDER AL HWY.

SE 3RD AVE

S ANDR EWS AVE

S W 4 T H AV E

SW 7TH ST

NE 14TH AVE

N W F L A G L E R AV E

NW 7TH AVE

29

4 26

SE 7TH ST

SE 9TH ST

SR

IS IO V

B LV TA

D 23

25


LOCAL HOTSPOTS

RI

B AY V I E W D R

MIDDLE

21

VE

R

SHOPPING 1. Galleria Mall 2. The Shops on Las Olas 3. Las Olas Riverfront 4. Aventura Mall 5. Sawgrass Mills Mall

DR

18

1

N E 2 6 AV E

E SUNR ISE BLVD 8

ATLA NTIC BLVD

R E DR

BREAKERS AVE

HO

RD R

N BIRCH RD

R IVE

6

BA YS

DLE

I N T R A C O A ST A L

M

ID

DR

NE 9 TH S T NE 8T H ST

33

RIOMAR ST 19 31

34

BAY SHO RE DR

ARTS & CULTURE 6. Bonnet House Museum & Gardens 7. Broward Center for the Performing Arts 8. Fort Lauderdale Children’s Theatre 9. Museum of Art Fort Lauderdale 10. Museum of Discovery & Science 11. Stranahan House Museum 12. International Boat Show 13. Cinema Paradiso 14. International Swimming Hall of Fame 15. Hard Rock Live 16. FATVillage SPORTS & RECREATION 17. Dolphin Stadium 18. Hugh Taylor Birch State Park 19. Bliss Spa 20. BB&T Center 21. Coral Ridge Country Club 22. Sunrise Paddle Boards MARINA/SAILING 23. Lauderdale Yacht Club 24. Bahia Mar Marina

EEZE

FT LAU DE

SEABR

32

R D A L E B E A C H B LV D

B LV D

E L A S O L A S B LV D

12

14

SEABR

24

TRAVEL 25. Port Everglades/Cruise Port 26. Fort Lauderdale-Hollywood International Airport 27. Fort Lauderdale Executive Airport 28. Water Taxi NECESSITIES 29. The Fresh Market 30. Whole Foods HOTELS 31. W Fort Lauderdale Hotel 32. Ritz Carlton 33. Atlantic Hotel 34. Hilton Hotel

EEZE

B LV D

EDUCATION 35. Pine Crest Private School 36. Nova Southeastern University 37. Florida Atlantic University Fort Lauderdale Campus ISG MIAMI REPORT - FORT LAUDERDALE

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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 Ft. Lauderdale, is proposing a billion-dollar redevelopment plan calling for seven mixed-use towers to rise around the establishment.

• 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

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. • Over 30 al fresco dining options

• 10 major international art galleries • World-class museums • Charming historic hotel • 65 shops filled with fashion, accessories, gifts, and more • Luxury home rentals and Yacht Charters

s

La

16

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Bo

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va

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ISG MIAMI REPORT - FORT LAUDERDALE


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FORT LAUDERDALE: VENICE OF THE AMERICAS 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) • 1,500 Mega Yachts visit Greater Fort Lauderdale annually Source: Huffingtonpost.com

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ISG MIAMI REPORT - FORT LAUDERDALE


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: Showmanagement.com

ISG MIAMI REPORT - FORT LAUDERDALE

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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.

“Steve (Ross) has made a commitment to ensuring that the stadium is going to be a best-in-class, global entertainment destination” Tom Garfinkel

Dolphin President and CEO

• $350 mil renovations • 3 to 5 Super Bowls in the next decade • The College Playoff National Championship • World Cup Quarterfinal - 2026 Source: MiamiHerald.com

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ISG MIAMI REPORT - FORT LAUDERDALE


Fort Lauderdale is home to premier golf courses such as The Diplomat Golf & Tennis Club, host to the All Star Golf Classic, founded and hosted by Jeff and Cindy Conine, and the Coral Ridge Country Club.

Hugh Taylor Birch State Park

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 features and is frequently compared to Central Park.

Global Rallycross 600-horsepower supercars raced through historic Route A1A across Fort Lauderdale’s spectacular beachfront. Red Bull Global Rallycross opened its 2015 season in the city last year, marking the first time in history that big-league auto racing comes to the streets of Fort Lauderdale.

• $5.3 mil* into local economy • 4,000* attended *Approximate ISG MIAMI REPORT - FORT LAUDERDALE

21


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 science 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

• The 300-seat theater is a showcase of state-of-the-art motion picture technology • Home to the BIGGEST screen in South Florida

22

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N ISG MIAMI REPORT - FORT LAUDERDALE

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ISG MIAMI REPORT - FORT LAUDERDALE

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24

ISG MIAMI REPORT - FORT LAUDERDALE


TRANS PORTATION

ISG MIAMI REPORT - FORT LAUDERDALE

25


FORT LAUDERDALE AIRPORT ECONOMIC IMPACT

ANNUAL PASSENGERS

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 destination and make way for additional commercial tenants in efforts to enhance the passenger experience.

$2.3 Billion

2013

21M

2012

21M

19M

Complete

21M

22M

23M

24M

25M

30% 25%

West 2015 / East 2017

20%

Terminal Concourse A

$150MIL

Early 2017

15%

Terminal Renovation Program $300 Early 2017 for Terminals 1,2 & 3

10%

Terminal 1 & 2 Complete

5% 0%

Noise Mitigation Program

$175MIL

Ongoing

In-Progress Projects

$334MIL

Ongoing

Source: Capa - Centre for Aviation

20M

ANNUAL INTERNATIONAL PASSENGER GROWTH

$450MIL

$100

20M

2011

Terminal 4 Redevelopment and Expansion

In-Line Baggage System

22M

2014

Source: Fort Lauderdale - Hollywood International Airport

IN RENOVATIONS

South Runaway Expansion $791MIL

24M

2015

2011

2012

2013

2014

2015

Source: Capa - Centre for Aviation

Over 700 aircrafts, 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

26

ISG MIAMI REPORT - FORT LAUDERDALE


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 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

ISG MIAMI REPORT - FORT LAUDERDALE

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FORT LAUDERDALE - ALL ABOARD “ 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,”

Orlando- Approx. 2.5 Hours

West Palm Beach - Approx. 35 Min.

- Fort Lauderdale Mayor John P. “Jack” Seiler.

FORT LAUDERDALE

ALL ABOARD FLORIDA FEATURES: • 60,000-square-foot station • Modern, multi-story lobby • Elevated passenger lounge area

Miami - 25 min.

ALL ABOARD FLORIDA IMPACT: • Connecting the Sun Trolley, transit system, future Wave Streetcar and planned Tri-Rail station • Set to create more than $333 million in economic impact for Broward County through 2021 and 800 jobs Source: allaboardflorida.com

$6 Billion

IN DIRECT ECONOMIC IMPACT TO FLORIDA’S ECONOMY OVER THE NEXT 8 YEARS

Downtown Ft. Lauderdale Station 28

ISG MIAMI REPORT - FORT LAUDERDALE

“ All Aboard Florida has officially begun construction to the Fort Lauderdale station... the station is expected to create about 800 construction jobs and have an economic impact of $333 million through 2021.” Source: South Florida Business Journal - 10/14

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


PORT EVERGLADES The Port of Everglades underwent a significant expansion in the last few months, resulting in the success of two major milestones. The port also created a 20-year Master/Vision Plan, which estimated that 5.6 million cruise passengers will use the Port annually by the year 2033.

MILESTONES SUCCESS 4 MIL Passengers

welcomed at the port for only the second time in history.

1 MIL Cargo Containers

Port Everglades broke the one million TEU mark ranking it as the 11th leading container port in the United States and the top port in Florida, serving more than 150 ports and 70 countries.

TOP 3 FACTS:

$733 Million GENERATED STATE AND LOCAL TAXES

Over 200K Jobs STATEWIDE & OVER 11,000 REGIONALLY

Source: Port Everglades Fiscal year 2014 Commerce Report

$153 Mil+ RECORD HIGH REVENUE

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 dollars in redeveloping Fort Lauderdale Beach along with other popular resident and visitor attractions.

FEATURED REDEVELOPMENT THE LAS OLAS CORRIDOR AND STREETSCAPE PROGRAM:

Th e

A qu at

ic

Co

m

pl

ex

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 30

ISG MIAMI REPORT - FORT LAUDERDALE

Source: fortlauderdale.gov


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.

La

s

O

la

s

M

ar

in

a

The Aquatics Complex: A new building is to rise in place

ISG MIAMI REPORT - FORT LAUDERDALE

31


FORT LAUDERDALE 2020 $3 BILLION IN NEW DEVELOPMENT

Auberge Beach Residences (Related) Two Towers 17 - 22 Stories 171 Condos

RIVA (Premier) 14 Stories 100 Condos

The Pearl at Flagler Village (Morgan) 7 Stories 331 Condos Henry Square (Related) 6 Stories 382 Residences 25,000 Sq. Ft. Retail

Elan 16Forty (Greystar) 10 Stories 261 Condos 6,000 Sq. Ft. Gym 2,300 Sq.Ft. Retail Proposed

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 45 Condos 398 Condos 2,200 Sq. Ft. Retail Proposed

W Hotel & Residences (Related NY) 171 Condos Wave 18 Residences Pre Construction Gale Hotel & Residences (Neward Development & Menin Hospitality) 128 Condos

Aquavita Las Olas (Roy & Eisinger) Two Waterfront Buildings 22 Condos BellaVita Las Olas (Roy & Eisinger) 16 Condos

32One (Sobelco) 23 Pre-Construction

AquaLuna Las Olas (Roy & Eisinger) Two Waterfront Buildings 16 Condos AquaMar Las Olas (Roy & Eisinger) Three Waterfront Buildings 20 Condos

AMOUNTS ARE AN ESTIMATE

32

ISG MIAMI REPORT - FORT LAUDERDALE

BR

OW AR

D

BO

UL

EV AR

D

DOWNTOWN FORT LAUDERDALE

MUSEUM OF DISCOVERY AND SCIENCE

BROWARD CENTER FOR THE PERFORMING ARTS


1800 Las Olas (Roy & Eisinger) 4 Condos

New River Yacht Club (Related) 26 Stories 249 Condos $36 Million

8th Avenue Residences (Rockefeller) 262 Condos 2,500 Sq. Ft. Retail

ICON Las Olas (Related) 272 Residences Under Construction

New River Village III (American Land Ventures) 15 Stories 209 Condos 2,245 Sq. Ft. Restaurant

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

LAS OLAS BOULEVARD

Crocker Tower (Crocker) 42 Stories 395 Condos Proposed

Marina Lofts (Asi Cymbal) 2 Towers 28 - 30 Stories 856 Condos 29,000 Sq. Ft. Retail & Restaurant Designed by Bjarke Ingles Proposed

SOUTH FEDERAL HIGHWAY

RIVER FRONT

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 | South Beach | Edgewater | Fort Lauderdale | Weston | Coral Gables INTERNATIONAL OFFICES: Buenos Aires, Argentina | Rio, Brazil | São Paulo, Brazil Bogotá, Colombia | Caracas, Venezuela | Panama City, Panama

Miami Report | Fort Lauderdale Edition, February 2016  

ISG provides the most comprehensive and in-depth analysis of Fort Lauderdale’s new condominium market.

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