Auberge Beach Residences & Spa hosted a broker luncheon recently to celebrate the $54 million in sales the project has closed in the past two months.
The Related Group celebrated the brokers’ commissions for sales in the south tower of the Fort Lauderdale Beach development with champagne and light bites at the sales center. Auberge, a partnership between Related, Fortune International Group and the Fairwinds Group, will be a 171-unit beachfront project in Fort Lauderdale. The towers 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 condo market slowdown in South Florida, Related is delaying construction on its sister project, Auberge Residences & Spa Miami. – Katherine Kallergis