Tavistock Development Company, the Orlando-based real estate firm founded by billionaire Joe Lewis, is launching sales at Pier Sixty-Six, a massive waterfront redevelopment project in Fort Lauderdale.
Tavistock is beginning sales of Indigo, its next luxury condo building, as construction on the entire $1 billion-plus project has topped off, with completion expected next year. The sales launch is timed to coincide with the Fort Lauderdale International Boat Show, which starts next week, said sales director Amy Ballon of One Sotheby’s International Realty.
The 30-unit Indigo will be one of two 11-story condo buildings within the project. Units start at $5.5 million and will include a heated plunge pool and wraparound terraces. They’ll all be corner units of about 2,900 square feet of indoor space, with three bedrooms and three and a half bathrooms. The building also has a 5,800-square-foot penthouse. West Palm Beach-based Garcia Stromberg is the architect.
Tavistock launched sales of the 31-unit Azul building and two four-story buildings with another 31 units a year ago to coincide with the boat show.
“We had a wait list. For five days in a row from 9 a.m. to 6 p.m. we were seeing potential buyers,” Ballon said about launching condo sales last year. “As the season progressed and once we launched we saw a lot of people coming from Michigan, Ohio and the Northeast.”
Pier Sixty Six will include the restored spire-topped tower that has dotted the skyline for more than 55 years; a 164-slip deep water marina; 325-key hotel; spas and fitness facilities; stores and restaurants, including a marina promenade that includes office space; and the for-sale condo component.
Tavistock scored a $175 million construction loan for the 32-acre development at 2300 and 2301 Southeast 17th Street in March. A group of banks, led by HSBC Bank USA, provided the construction loan, according to records.
Pier Sixty Six has been a host location for the boat show since it was created because of its marina, said Jessi Blakley, a Tavistock vice president. This year it will have a booth and sales center within the Super Yacht Village at Pier Sixty Six, events and will sponsor the mayor’s party, Blakley said.
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Tavistock assembled the development site in 2016 and 2017 for a combined $187 million.
Lewis, founder of Tavistock, pleaded not guilty this summer to insider trading charges. Prosecutors allege that Lewis shared corporate secrets with family, friends and employees that resulted in earning millions of dollars.
Lewis is also involved in a controversial real estate development in Wellington.