Fort Lauderdale has become increasingly concerned about excessive high-rise construction in the CBD. Recently, the Related Group of Florida dropped plans for a 38-story apartment tower on a parcel just east of the Huizenga land.

Although he has agreed to cut a total of 14 floors from his first proposal, Palmer has not yet indicated to what extent this will affect his original plan for 319 rental apartments, 118 condos and six townhouse villas. He says the average size of the apartments will be reduced from 1,361 sf to 1,317 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.