Developer unveils plans for boutique project in Fort Lauderdale

Renderings of The Wave in Fort Lauderdale
Renderings of The Wave in Fort Lauderdale

Oak Tree Management has just announced plans to build a new boutique condo project in Fort Lauderdale called the Wave.

The 11-story building would house only 18 units, including two penthouses, on a non-waterfront site at 620 Bayshore Drive. Early renderings show the building’s architecture stands true true to its name: each floor is surrounded by balconies that rise and fall away from the tower.

Interior rendering for a unit's kitchen

Interior rendering for a unit’s kitchen

Sixteen of the building’s units would have either two-bedroom or three-bedroom floor plans. Plans show two units would occupy each floor, except for the penthouse levels located on the 10th and 11th floors. The residences would feature 180-degree views, contemporary stylings, floor-to-ceiling glass windows and wrap-around terraces.
Condo sizes range from 1,974 square feet to 3,566 square feet, and prices start at $750,000. Each would come with two parking spaces.

Each unit has 180-degree views, except for two full-floor penthouses that have 360-degree views

Each unit has 180-degree views, except for two full-floor penthouses that have 360-degree views

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Plans for the building’s amenities include: a ground-floor saltwater pool, sun deck on the second floor, club room, catering kitchen, bar, fitness center and a fenced dog park.

Dan Teixeira of Douglas Elliman will head sales for the project, according to a news release.

Broward County property records show an entity called Bayshore Beach Club LLC, which is managed by Oak Tree’s founder Rick Rosan, owns two mid-century apartment buildings where the Wave would be built.

The company acquired those buildings in a single purchase last year for $2.3 million, according to records. Together, those buildings cover roughly 0.56 acres of land, meaning the price paid breaks down to roughly $94 per square foot.

Oak Tree, which operates in Brooklyn and Fort Lauderdale, was founded in 1985 by Rick Rosan to acquire and convert residential buildings into condos and co-ops. The firm is split into two branches: Oak Tree Residential, which acquires and renovates rental properties, and Oak Tree Management, which handles property management and leasing for multifamily buildings. — Sean Stewart-Muniz