Kolter’s 100 Las Olas sells out for $178M

Kolter Urban sold its last unit at 100 Las Olas this week, marking a $178 million sellout for Fort Lauderdale’s tallest condo tower.

The 113-unit, 46-story tower at 100 East Las Olas Boulevard completed construction in early 2020, and sales have closed since then, records show. 

The final unit to sell was the tower’s two-story penthouse, closing at $5 million, sources confirmed. Unit 4603 spans 5,300 square feet, with four bedrooms, and six and a half bathrooms, the listing shows. Douglas Elliman’s Dan Teixeira represented the developer and Jonathan Howard, also with Elliman, brought the buyer. The deed has yet to be recorded, so the buyer is unknown. 

The 499-foot-tall condominium’s floor plans range from two to four bedrooms, and from 1,800 square feet to 5,200 square feet. 

Prices for non-penthouse units closed between $800,000 and $3.7 million, with sales beginning in early March of 2020, records show. 

Kolter broke ground on the project in 2017, and secured a $25 million construction loan from Canadian Imperial Bank of Commerce in Chicago in 2018. The developer initially launched sales with Peggy Fucci’s team at OneWorld Properties, and tapped Douglas Elliman to take over in October 2020. 

The building also includes a 238-key Hyatt Centric hotel, 8,500-square-feet of retail and restaurants, a fitness center, pool, and residents-only club room. 

Fort Lauderdale has a slate of projects still to come. In April, Tavistock landed a $175 million construction loan for its planned Pier Sixty-Six project, which will include 61 condo units and a 325-room hotel. Rishi Kapoor’s Location Ventures launched sales of the 65-unit Edition Residences in October. Also that month, Ocean Land Ventures kicked off sales for its 94-unit planned boutique condominium Sixth & Rio, which broke ground last week.