The Real Deal Miami

The Broward boomlet bangs on

Condo development continues to sweep up the coast to Fort Lauderdale and beyond
A Blackstone fund loaned a Related-led partnership $102 million for Hyde Resort & Residences.

A Blackstone fund loaned a Related-led partnership $102 million for Hyde Resort & Residences.

From the October issueBroward County has attracted its own steady flock of cranes for residential construction after a slower recovery from the real estate crash than its Miami-Dade neighbor to the south.

Miami-based Related Group has led the charge into Broward. Related is now developing two-tower condominium Auberge Beach Residences & Spa Fort Lauderdale; preconstruction prices for units start at $1.5 million. Sales for the north tower’s 56 units began earlier this year and nearly all of them had been reserved by August. One buyer is former Miami Dolphins quarterback Dan Marino. [more]