The Real Deal Miami

On the scene at Auberge Fort Lauderdale wine tasting series: PHOTOS

Developers closed $132M in construction financing for two-tower project in August

October 27, 2016 12:45PM

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The Related Group is looking to wine to lure buyers and brokers to its Auberge Beach Residences & Spa Fort Lauderdale.

Related kicked off a three-part wine-tasting series at the condo project’s beachfront sales gallery with sommelier Kris Margerum. Once completed, the restaurant at Auberge will include a wine vault and wine room with hand-picked bottles for buyers.

Auberge, a partnership between Related Group, Fortune International Group and the Fairwinds Group, will be a 171-unit beachfront project in Fort Lauderdale.

The north tower is more than 90 percent sold and the south tower is about 30 percent sold, the developer said in August. Remaining units range from $1.4 million to $9.9 million. They will be completed between the fourth quarter of 2017 and the second quarter of 2018. Construction began in November 2015, and the developers closed on $132 million in financing in August.

The 4.6-acre site at 2200 North Atlantic Boulevard will include a spa, restaurant and resort amenities. Nichols, Brosch, Wurst, Wolf & Associates is the architect for the project.

Due to the slowdown, Related is delaying construction on its sister project, Auberge Residences & Spa Miami.

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