The Real Deal Miami

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

Rendering of Next Las Olas

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