The Real Deal Miami

PHOTOS: On the scene at the W Fort Lauderdale unveiling

Related Companies purchased the W Fort Lauderdale in 2014 for $90 million
Craig Studnicky and Philip Spiegelman Jon Paul Perez, Jorge Perez, Nick Perez Jorge Perez, Craig Studnicky Nick Perez, Will Meyer Rick Fortenbury, Veronica Escobedo Gorson

Meyer Davis Studio, the Related Group and Related Companies unveiled a model unit at the W Fort Lauderdale last week.

Meyer Davis is redesigning the property’s 147 condos, oceanfront pool area and the hotel lobby. The renovations will be completed by the end of 2016, according to a press release.

Related Companies purchased the W Fort Lauderdale, at 401 North Fort Lauderdale Boulevard, in July 2014 for $90 million. 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 reached 21 of 171 by 2012.

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. – Katherine Kallergis