Tavistock Development Company completed the third condominium in its 32-acre Pier Sixty-Six redevelopment.
The developer, led by British billionaire Joe Lewis, received its certificate of occupancy for the 11-story, 28-unit Indigo at 2301 Southeast 17 Street in Fort Lauderdale, according to a press release. Closings at the building have begun, among them Randy and Rosalina Brecher’s $14.5 million purchase of PH1, records show.
The penthouse sale marks one of the most expensive condo sales ever recorded in Fort Lauderdale and Broward County, topped only by a $15.4 million sale in 2022 at Four Seasons Private Residences Fort Lauderdale, according to Mansion Global.
Indigo’s completion comes nearly a year after the developer started closings for units in its other Pier Sixty-Six condo projects: the 11-story, 29-unit Azul, and the two-building, four-story, 31-unit Pier Sixty-Six Resort Residences. They were all designed by Garciastromberg, an architecture firm based in West Palm Beach. Condo sales for the three buildings so far total at least $129.6 million, property records show.
Tavistock’s redevelopment of Pier Sixty-Six at 2300 and 2301 Southeast 17th Street started in 2016. The developer spent $187 million acquiring the 32-acre site in separate purchases in 2016 and 2017, and won approval for the 15-year redevelopment plan in 2018. In 2023, Lewis scored a $175 million construction loan for the project from a group of banks led by HSBC Bank USA.
In total, Pier Sixty-Six includes a 325-key hotel, a 164-slip marina, 40,000 square feet of event space, 12 restaurants, as well as retail, spas and fitness centers. Tavistock opened the hotel to guests earlier this year, and rooms currently start at $550 per night, its website shows.
Lewis has other South Florida projects still in nascent stages. His Tavistock is a partner in a massive Mark Bellissimo-led mixed-use project in Wellington, the equestrian village in Palm Beach County. The partners recently won zoning approval for the Marketplace, a retail district that will complement their residential development.