FORT LAUDERDALE, FL—Greystar has started construction on a new 261-unit, mid-rise multifamily community in Downtown Fort Lauderdale. Dubbed Elan 16Forty, the luxury multifamily project will also offer 2,300 square feet of retail space.

Located at 1640 East Sunrise Boulevard just west of Federal Highway in Victoria Park, the multifamily community will offer one, two and three-bedroom floor plans ranging in size from 686 to 1,599 square feet of living space.

“The location of the community on East Sunrise Boulevard is simply ideal,” says David Reid, senior managing director of Development at Greystar. “Just moments away from the Galleria, area beaches, North Federal Highway and I-95, Elan 16Forty will appeal to residents looking for convenience and an upscale lifestyle.”