The Real Deal Miami

Blue River Realty wins approval for planned multifamily project near downtown Fort Lauderdale

ICON 0706 will feature 14 townhomes and 65 apartments
By Hortense Leon | June 22, 2018 01:30PM

An illustration of the project

Blue River Realty just won approval for its planned townhouse and multifamily development near downtown Fort Lauderdale.

The Pompano Beach-based developer received a zoning change from Fort Lauderdale’s planning and zoning board for a mixed-use project at 706 Northwest First Avenue. The city has been encouraging redevelopment in the area with a goal of reducing blight.

ICON 0706 will be a mid-rise building with 14 townhouses facing Northwest First Avenue, 65 multifamily units and 130 parking spaces. Currently, the 1.07-acre site is mostly vacant land with one single-family dwelling.

Amenities at ICON 0706 will include a gym, recreation room and an outdoor area with a pool, solarium, spa and place for barbequing.

The apartments will be studios and one- and two-bedroom units, all with balconies, floor-to-ceiling windows and 9.5-foot ceilings.

Records show the developer purchased the site for $200,000 in March 2017.

Downtown Fort Lauderdale has seen a surge of redevelopment. Major projects underway include the Kolter Group’s 46-story 100 Las Olas mixed-use building and Related Group’s 45-story rental tower, Icon Las Olas.