The Real Deal Miami

Gale Residences Fort Lauderdale Beach sells out

The project's 129 condo units sold at preconstruction prices as high as $1.5 million
August 12, 2017 04:00PM

Rendering of Gale Residences Fort Lauderdale Beach and (inset) developer Harvey Hernandez

Newgard Development Group has sold all 129 units at Gale Residences Fort Lauderdale Beach, which is under construction and is expected to open early next year.

Newgard also is converting a building next to Gale residences to a 96-room hotel expected to open late next year.

Buyers from South Florida, Canada, Europe, Mexico and South America paid preconstruction prices ranging from the low $400,000s to $1.5 million for condo units at the Gale.

The 12-story Gale development at 401 Bayshore Drive, one block from the ocean, also includes seven two-story townhouses that sold at prices in the high $800,000s.

Harvey Hernandez, CEO of Newgard, told the Sun-Sentinel that the Gale development has succeeded with condos that are smaller than others being developed in Fort Lauderdale’s beach area.

Gale condo units range in size from 800 square feet to 2,100 square feet, and they have one-, two- and three-bedroom floor plans. [Sun-Sentinel]Mike Seemuth