MIAMI—The Rockefeller Group has partnered with Stiles Residential Group to develop an ultra-luxury high-rise residential project in Fort Lauderdale, FL. The companies expect the project to come online in December 2015.
“There is a growing demand for luxury multifamily living in urban areas throughout South Florida,” says Jay Jacobson, president of Stiles. “The Las Olas Boulevard corridor is in high demand due to its proximity to a number of the nation's finest single-family residential neighborhoods, exciting nightlife, abundance of restaurants and shops, depth of culture and accessibility to employment centers in downtown. This is the quintessential urban walking neighborhood that cannot be found anywhere else in Fort Lauderdale.”
Located at 215 Southeast 8th Avenue, the yet-to-be named project sits one block from the iconic Las Olas Boulevard. Multifamily units include one- to three-bedrooms ranging from 750 to 2,450 square feet. With nine- to 12-foot floor-to-ceiling windows, units offer views of the cityscape to the west and the coastline to the east.
According to Jacobson, this project targets a broad demographic, but caters to those who appreciate Fort Lauderdale's urban lifestyle and want a luxury, cosmopolitan South Florida living experience with the benefits of living in the urban core. The top six floors offer premium units, with increased square footage and upgraded finishes and appliances.
“We are confident that with our sponsorship and our core Las Olas location we can set a new standard for luxury living in South Florida,” says John Petricola, senior vice president and southeast regional development officer for Rockefeller. Units will feature high-end finishes including granite countertops, stainless steel appliances, in-unit washer and dryers, and private balconies. Prices were not yet disclosed.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.
