A Brooklyn developer is launching sales of a 775-unit luxury condo project in Fort Lauderdale, marking one of the biggest new developments planned in the city.
Dependable Equities, led by Isaac Schlesinger and Rabsky Group co-owner Simon Dushinsky, tapped Douglas Elliman to lead sales of Ombelle Fort Lauderdale, which is set to rise at 300 Northeast Third Avenue near the Flagler Village neighborhood. Unit prices start in the $400,000s and go up to about $5 million, Schlesinger said.
The architecture and interior design firm ODA, led by Eran Chen, is designing the 43-story Ombelle, which will be made up of two towers that connect at a parking podium.
It’s part of a growing pipeline of new condo developments planned in Fort Lauderdale.
Schlesinger said construction could start in the second half of next year. The developer has early commitments from lenders interested in financing the project. A construction loan could close next year. Dependable Equities has an in-house general contractor that will help keep costs down, Schlesinger said.
He expects the project will attract a “really diverse buyer pool” because of the number of units, the range in price, the amenities offered and the site. More than 100,000 square feet of amenities are planned, including a 15,000-square-foot lobby, a garden, recording studio, arts and crafts studio, indoor pickleball courts, fitness centers and spas, a wellness lounge, pools with cabanas, and a video game room, according to a release.
Units will range from 465-square-foot studios to three-bedroom condos of about 2,600 square feet. Short-term rentals of at least 30 days will be allowed.
The project has fewer units than the 1,100 originally proposed.
Dependable Equities paid $27 million for the 1.9-acre assemblage in 2021, records show.
The company also plans a 47-story apartment tower nearby at 633 Southeast Third Avenue in downtown Fort Lauderdale.
Also in downtown Fort Lauderdale, Naftali Group plans a two-tower, 47-story and 45-story, 936-unit apartment development next to the Dalmar hotel.
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