Dependable Equities and Rabsky Group co-owner Simon Dushinsky, landed $50 million in pre-construction financing for its planned Ombelle Fort Lauderdale towers.
Dwight Mortgage Trust provided the loan for the two-tower complex slated for the site at 300 Northeast Third Avenue, according to a news release. Steven Hersko’s SHB Group arranged the transaction, the release shows. The developer anticipates securing $300 million more in construction financing as the project progresses.
Dependable, the Brooklyn developer led by Isaac Schlesinger, launched sales for Ombelle in 2024. It will include 775 units across two 44-story towers.
Designed by ODA Architecture, the complex will include furnished units ranging from studios to four-bedrooms, the release shows. The buildings will have 100,000 square feet of amenities, including a fitness center, spa facilities, two pools, indoor pickleball courts, co-working space with podcasting rooms, a private dining room, a children’s playroom and a theater, according to Ombelle’s website.
The complex will also have ground-floor retail and a 35,000-square-foot Equinox Fitness Club.
Prices start in the $400,000 range, with Douglas Elliman leading sales and marketing. Construction is expected to be completed in 2028, the release shows.
Dependable Equities paid $27 million for the 1.9-acre assemblage in 2021, according to property records. The firm is also planning a 47-story, 830-unit rental tower nearby, at 633 Southeast Third Avenue.
Ombelle is one of the dozens of residential developments planned in Broward County. At least 3,900 condos and apartments are in the works across Broward, primarily in Fort Lauderdale and Pompano Beach.
Among them is Miki Naftali’s planned Viceroy Residences Fort Lauderdale, a 45-story, 370-unit project that launched in 2024. Related Group, Tate Capital and Rok Acquisitions are also planning the St. Regis Resort and Residences, Bahia Mar Fort Lauderdale on the 40-acre site of the oceanfront Bahia Mar hotel.