Construction starts on Four Seasons hotel and condominium in Fort Lauderdale

The 22-story development with 130 hotel rooms and 90 condo units is expected to open in 2020

Miami /
May.May 05, 2018 10:05 AM

Rendering of Four Seasons Hotel and Private Residences Fort Lauderdale (Source: Aventura Real Estate Inc.)

The postponed construction of the Four Seasons Hotel and Private Residences Fort Lauderdale started this week.

The foundation of the Four Seasons is scheduled for completion by the end of the year. The hotel-and-condominium building is expected to open in the fourth quarter of 2020.

Fort Partners, led by Miami developer Nadim Ashi, is building the Fort Lauderdale property together with Toronto-based Four Seasons.

Ashi, who holds the Four Seasons franchise for the east coast of Florida, delayed the groundbreaking for a year while he focused on finishing construction of the Four Seasons Hotel and Private Residences at The Surf Club in Surfside.

Ashi’s Fort Partners just got a $135 million loan for its Four Seasons Resort Palm Beach, where major renovations are set to begin next month.

The 22-story Four Seasons development at 505 North Fort Lauderdale Beach Boulevard will have 130 hotel rooms and 90 residential condominium units.

Pre-construction sales of condo units have totaled $100 million so far. The condos will range in size from 780 square feet to more than 6,000 square feet.

Miami architect Kobi Karp created a nautical design for the Four Seasons development in Fort Lauderdale, which will resemble a cruise ship. [Sun-Sentinel] – Mike Seemuth


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
arrow_forward_ios

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

Loading...