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South Florida

Condo project planned in Fort Lauderdale, 26th new tower in South Florida

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Developer Silvia Coltrane is planning an 18-story, 170-unit condominium tower in downtown Fort Lauderdale, the 26th new tower proposed of what is becoming a South Florida building boom, according to Condo Vultures.  “Developers are rushing to market with plans for more than two dozen new condo towers with nearly 5,400 units and counting in South Florida,” said Peter Zalewski, founder of brokerage and consultancy Condo Vultures. “The catalyst driving the wave of newly-proposed projects is the strong condo absorption rate that has put South Florida on pace to sell out of boom-era units near the coast sometime in 2013.” — Alexander Britell

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Condo VulturesPeter Zalewski