Related to renovate W Fort Lauderdale hotel and residences

Miami /
May.May 15, 2015 04:30 PM

The W Fort Lauderdale is getting an extensive overhaul by its new owner, the New York-based Related Companies.

Related Companies, which purchased the W Fort Lauderdale in July 2014 for $90 million, along with the Related Group, announced plans for an extensive renovation of the hotel and condo development on Fort Lauderdale Beach Boulevard.

The development, first built in 2009, consists of two buildings: a 517-room hotel and a separate 171-unit condo-hotel tower. Under its previous owner, the project’s condo sales failed to produce much success. By 2012, the development had only sold 21 of its 171 units. Its hotel, however, enjoyed occupancy rates pushing 60 percent.

Now, Related plans to redesign the 147 units it purchased in July, along with the hotel’s public spaces, amenities and guest rooms. Design firm Meyer Davis Studio will orchestrate the makeover.

The Related Group and Related ISG will lead sales for the remaining 147 units. Units range from 800 square feet to 1,500 square feet, with prices starting in the low $500,000s.


Related Articles

arrow_forward_ios
Los Angeles Chargers defensive end Joey Bosa buys a waterfront Fort Lauderdale house for $6M (Daniel Petroni Photography, Getty)
$6M play: Los Angeles Chargers’ Joey Bosa picks up waterfront Fort Lauderdale home
$6M play: Los Angeles Chargers’ Joey Bosa picks up waterfront Fort Lauderdale home
Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
Jim Moran with the site (Google Maps, Jim Moran Foundation)
Jim Moran Foundation revs up HQ plan with $10M site acquisition
Jim Moran Foundation revs up HQ plan with $10M site acquisition
Fort Lauderdale Beach hotel portfolio trades for $27M
Fort Lauderdale Beach hotel portfolio trades for $27M
Fort Lauderdale Beach hotel portfolio trades for $27M
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Trippy: Canadian psychedelic therapy clinic to open first Florida site in Wynwood
Wickshire Senior Living buys Fort Lauderdale ALF for $17M
Wickshire Senior Living buys Fort Lauderdale ALF for $17M
Wickshire Senior Living buys Fort Lauderdale ALF for $17M
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
Hines pays $57M for office building dev site in Fort Lauderdale’s FATVillage
Ecuadorian president, linked to US real estate, named in Pandora Papers
Ecuadorian president, linked to US real estate, named in Pandora Papers
Ecuadorian president, linked to US real estate, named in Pandora Papers
arrow_forward_ios

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

Loading...