The condo development, which is scheduled for completion next fall, will be located at 1501 E. Broward Blvd. It will occupy a full city block bordered by NE 15th Avenue, NE 16th Avenue, Broward Boulevard and NE 2nd Street and cost $10 million-plus. The project involves converting 323 apartment units in three buildings, built in 1971, into a Key West-theme.

The conversion will take place in two phases. The first phase consists of renovating two four-story buildings into 139 new condominium residences. Demolition of the apartments began late this summer. The second phase will involve renovating the third, three-story building that currently has an additional 160 units. The developer is Tarragon Realty Investors.

The condo prices will start at $150,000 for one-bedroom residences, in the low $200,000s for two-bedroom residences, and in the high $200,000s for units with two bedrooms plus a den or three bedrooms. Units will range from 660 sf to almost 1,400 sf.