Long-delayed Icon Las Olas condo to begin construction

Miami /
Nov.November 24, 2014 01:30 PM

Construction is finally set to begin on Icon Las Olas, a Fort Lauderdale condo project delayed for 15 years.

The Sun-Sentinel reports that Jorge Perez’s Related Group will start construction in December or January. The 45-story building will have 272 units and is targeted for completion in late 2016 or early 2017. The condo project was first proposed in 1999, but it was opposed in court for years by the neighboring Stranahan House museum, which feared being covered by the condo’s shadow.

The public battle over the condo is history, according to Leo Hansen, the president of Stranahan House’s board. “The bottom line is, what happened is old news,” he said. “Our goal is to be good neighbors.”

Related’s plans for the condo were also stymied by the collapse of the housing market. Although the Stranahan case was dismissed in 2011, market conditions kept the project in limbo until the turnaround.

Related has two other Broward County projects in the works: a condo conversion for the former Ireland’s Inn in Fort Lauderdale and the Hyde Resort & Residences in Hollywood. [Sun-Sentinel]Chris Guanche


Related Articles

arrow_forward_ios
1600 Ponce De Leon Drive, Fort Lauderdale (Google Maps)
Tech company founder sells waterfront Fort Lauderdale mansion for $17M
Tech company founder sells waterfront Fort Lauderdale mansion for $17M
Chad Johnson and 1300 Brickell Drive, Fort Lauderdale (Lady Jane's)
Barbershop founder drops $7M on waterfront mansion in Fort Lauderdale
Barbershop founder drops $7M on waterfront mansion in Fort Lauderdale
John Rosatti and 315 Royal Plaza Drive, Fort Lauderdale (Google Maps)
BurgerFi founder sells waterfront Fort Lauderdale mansion for $7M
BurgerFi founder sells waterfront Fort Lauderdale mansion for $7M
From left: David Martin, Aby Rosen, Jorge Perez, Barry Sternlicht, Victor Ballestas and Russell Galbut (Getty)
Developers bet on long-term demand for Class A Miami Beach office space
Developers bet on long-term demand for Class A Miami Beach office space
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)
Iconiq buys Related and Block Capital’s Wynwood apartments for $77M
Iconiq buys Related and Block Capital’s Wynwood apartments for $77M
Scottie Pippen and 2571 Del Lago Drive, Fort Lauderdale (Getty, Compass)
Scottie Pippen relists Fort Lauderdale estate for $12M
Scottie Pippen relists Fort Lauderdale estate for $12M
Jorge Pérez with One Park Grove (Getty, Robin Hill)
Related developer Jorge Pérez buys condo at one of his Miami projects
Related developer Jorge Pérez buys condo at one of his Miami projects
Clockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal)
Development boom in Super Bowl city: Tampa reaches for its real estate moment
Development boom in Super Bowl city: Tampa reaches for its real estate moment
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...