Rockefeller Group and Stiles have decided now is a good time to exit the asset.

MIAMI—Amaray Las Olas, a new luxury residential tower in Downtown Fort Lauderdale, is up for grabs. The joint venture owners Rockefeller Group and Stiles have decided now is a good time to exit the asset.

Cushman & Wakefield's South Florida Institutional Multifamily Team of vice chairman Robert Given, executive managing director Zachary Sackley, senior managing director Troy Ballard and director Neal Victor will tower. The asset will go to market unpriced.

Amaray Las Olas is a 30-story, 254-unit multifamily tower developed on a 1.25-acre site at 215 Southeast 8th Street. The average unit in the 285,329-square-foot building is 1,123 square feet with a market rent of $3,488, or $3.11 per square foot. The first residents took occupancy in April. The building is currently 96% leased.

“Amaray Las Olas represents the first urban high-rise to come to market in South Florida in over a decade, thus making it a generation acquisition opportunity,” Given tells GlobeSt.com. “Downtown Fort Lauderdale is on the cusp of a renaissance with development occurring in all asset classes, and Amaray Las Olas represents the finest apartment delivery to date.”

Amaray Las Olas has a resort-style rooftop pool deck with a hot tub and private cabanas, a pavilion with gas grills, a gym area with on-demand classes, saunas and massage treatment rooms, a clubroom with catering kitchen, business center, a dog run and a dog wash. Residents have access to 390 on-site parking spaces with options including reserved parking; tandem spaces; and large, individual private garages.

“A critical mass of residential, hotel, office, retail and infrastructure projects have brought life to the Downtown Fort Lauderdale neighborhoods,” says Given. “With the growth of Flagler Village, South of the River and the Las Olas and CBD neighborhoods, the city is transforming into a vibrant and diverse 18-hour city.”

Check out my recent report. Economic forces are catapulting Fort Lauderdale on to the world stage. You may be surprised where Fort Lauderdale buyers are coming from.

Rockefeller Group and Stiles have decided now is a good time to exit the asset.

MIAMI—Amaray Las Olas, a new luxury residential tower in Downtown Fort Lauderdale, is up for grabs. The joint venture owners Rockefeller Group and Stiles have decided now is a good time to exit the asset.

Cushman & Wakefield's South Florida Institutional Multifamily Team of vice chairman Robert Given, executive managing director Zachary Sackley, senior managing director Troy Ballard and director Neal Victor will tower. The asset will go to market unpriced.

Amaray Las Olas is a 30-story, 254-unit multifamily tower developed on a 1.25-acre site at 215 Southeast 8th Street. The average unit in the 285,329-square-foot building is 1,123 square feet with a market rent of $3,488, or $3.11 per square foot. The first residents took occupancy in April. The building is currently 96% leased.

“Amaray Las Olas represents the first urban high-rise to come to market in South Florida in over a decade, thus making it a generation acquisition opportunity,” Given tells GlobeSt.com. “Downtown Fort Lauderdale is on the cusp of a renaissance with development occurring in all asset classes, and Amaray Las Olas represents the finest apartment delivery to date.”

Amaray Las Olas has a resort-style rooftop pool deck with a hot tub and private cabanas, a pavilion with gas grills, a gym area with on-demand classes, saunas and massage treatment rooms, a clubroom with catering kitchen, business center, a dog run and a dog wash. Residents have access to 390 on-site parking spaces with options including reserved parking; tandem spaces; and large, individual private garages.

“A critical mass of residential, hotel, office, retail and infrastructure projects have brought life to the Downtown Fort Lauderdale neighborhoods,” says Given. “With the growth of Flagler Village, South of the River and the Las Olas and CBD neighborhoods, the city is transforming into a vibrant and diverse 18-hour city.”

Check out my recent report. Economic forces are catapulting Fort Lauderdale on to the world stage. You may be surprised where Fort Lauderdale buyers are coming from.

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.