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South Florida

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

ICON 0706 will feature 14 townhomes and 65 apartments

An illustration of the project
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.

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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.

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Commercial Real EstateDowntown Fort Lauderdale