Eden Multifamily plans for a 32-story rental tower in downtown Fort Lauderdale

The proposed 374-unit apartment building is planned on the site of a parking lot

Miami /
Aug.August 08, 2017 12:10 PM

Downtown Fort Lauderdale’s real estate projects are not showing signs of stopping. The latest: A new 32-story rental tower is planned near Las Olas Boulevard.

Eden Multifamily, a development and real estate investment company led by Jay Jacobson, just submitted an application to the city to bring a 374-unit apartment building to 419 Southeast Second Street, according to the Sun-Sentinel. The site currently holds a parking lot.

The city’s development review committee will review the application for the $133 million project called Next Las Olas on Tuesday. More than 3,200 units are in various stages of the approval process in downtown Fort Lauderdale, the Sun-Sentinel reported.

If approved, the rental tower would have ground-floor retail and an eight-story parking garage, according to the application. Jacobson said he aims to get final city approval by the end of the year. The Coconut Grove-based developer added construction will begin four to six months after that, according to the Sun-Sentinel.

More luxury condo projects to be delivered on Las Olas Boulevard include the Gale Residences Fort Lauderdale Beach, which has just sold out, Auberge Beach Residences & Spa and Paramount Fort Lauderdale Beach.

The area known informally as North Bay Village along A1A, is also the site of New York and Miami-based Property Markets Group’s planned, millennial-oriented, mixed-use development, slated to be completed by fall 2020. [Sun-Sentinel]Amanda Rabines 


Related Articles

arrow_forward_ios
Walton Street Capital Managing Partner Eric Mogentale with the complex (Alta Developers, Walton Street Capital)
Walton Street Capital buys Boynton Beach apartments for $93M
Walton Street Capital buys Boynton Beach apartments for $93M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Avery Pompano Beach apartments with Yaakov Frankforter of Frankforter Group (LinkedIn via Frankforter, Avery Pompano Beach)
Frankforter Group buys Pompano Beach apartments for $43M
Frankforter Group buys Pompano Beach apartments for $43M
The Johnson and Wales campus and PMG principals Kevin Maloney and Ryan Shear (PMG)
PMG pays nearly $60M for Johnson & Wales North Miami campus
PMG pays nearly $60M for Johnson & Wales North Miami campus
Louis Puig and 333 Jefferson Avenue in South-of-Fifth (Google Maps)
Former Club Space owner buys South Beach apartments for short-term rentals
Former Club Space owner buys South Beach apartments for short-term rentals
Westdale president and CEO Joe Beard and Jeff Ardizon and Robert Suris of The Estate Companies with Soleste Bay Village (Estate, Soleste Bay Village)
Estate Companies sells Palmetto Bay apartment complex for $58M
Estate Companies sells Palmetto Bay apartment complex for $58M
The Devon Apartments in North Beach (Google Maps)
North Beach apartment building deemed unsafe, ordered evacuated
North Beach apartment building deemed unsafe, ordered evacuated
Royal Palm Companies CEO Daniel Kodsi with renderings of the project (LinkedIn via Kodsi, Royal Palm Companies)
Royal Palm Cos. scores $65M construction loan for Dania Beach multifamily
Royal Palm Cos. scores $65M construction loan for Dania Beach multifamily
arrow_forward_ios

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

Loading...