Dev Motwani wins approval for high-rise apartment building in Fort Lauderdale

The developer plans to build a 34-story apartment building with monthly rents up to $4,000 and market the property to seniors

Apr.April 07, 2019 03:00 PM

629 Residences rendering (Credit: South Florida Business Journal)

UPDATED, April 8, 10:10 a.m.: Developer Dev Motwani won city approval for a 34-story, 246-unit apartment building in Fort Lauderdale that will target older tenants.

Motwani would market the rental development at 629 Southeast Fifth Avenue, called 629 Residences, to seniors, but the property technically won’t be age-restricted.

Dev Motwani

Dev Motwani

Monthly rents would range from $1,800 to $4,000.

The project effectively won final approval on Tuesday when Fort Lauderdale commissioners endorsed preliminary approval of 629 Residences by city staff on March 12. Kobi Karp Architecture & Interior Design designed the project.

The site of 629 Residence is just south of the Broward County courthouse parking garage and just north of the location of a controversial development proposed by an organization called the AIDS Healthcare Foundation.

The foundation wants to build a 15-story apartment building at 700 Southeast Fourth Avenue with 680 micro units and monthly rents starting at $400. [Sun Sentinel]Mike Seemuth

Related Articles

From left: Tim Elmes of Compass, Barry Minoff and 1831 Southeast 9th Street

Pharmaceutical mogul sells Fort Lauderdale estate for $21M

Dev Motwani, Johnny Allison, and 2401 West Broward Boulevard (Credit: Google Maps)

Dev Motwani nabs loan for Fort Lauderdale project

Bob Gordon with 2401 Solar Plaza Drive (Credit: Redfin)

Political power couple sells Fort Lauderdale home

Kevin R. Kreutzfeld of Premier Estate Properties and 1408 West Lake Drive

Waterfront home in Fort Lauderdale’s Harbor Beach sells for $11M

22 Isla Bahia Drive and Steven Romaniello

Harbor Beach home sells for $8 million

Niki Higgins of Douglas Elliman and 220 North Compass Drive (Credit: Douglas Elliman and Trulia)

Fort Lauderdale mansion with stock trading room sells for $12M

Renderings of the penthouse and Fredrik Eklund (Credit: Four Seasons Private Residences Fort Lauderdale)

Fredrik Eklund tapped to list $35M PH in Fort Lauderdale

Alan Hooper and 516 Northwest 1st Avenue (Credit: Google Maps)

FATVillage developer buys missing piece for mixed-use project