Tavistock Group began closings on units in its Pier Sixty-Six condo project in Fort Lauderdale this week.
The developer completed construction on its two-building, 31-unit Resort Residences this summer. Its 11-story, 29-unit, Azul condos recently received a temporary certificate of occupancy, and its 11-story, 28-unit Indigo building is expected to receive its TCO in the coming weeks, a spokesperson for the project confirmed.
Tavistock declined to provide sales numbers for the project. So far, records show two unit sales, one for $6.5 million and one for $6.3 million.
The developer launched sales for Indigo in October, with prices starting at $5.5 million. Sales launched for the Resort Residences and Azul in 2022. Amy Ballon of One Sotheby’s International Realty is leading sales for the project.
Broward County condo sales and dollar volume have declined in recent months, but prices have held steady.
Tavistock’s redevelopment of Pier Sixty-Six at 2300 and 2301 Southeast 17th Street has been in the works since 2016. The developer, led by British billionaire Joe Lewis, dropped $187 million acquiring the 32-acre site in separate purchases in 2016 and 2017, before winning city approval for the 15-year redevelopment plan in 2018.
Tavistock landed a $175 million construction loan for the project in 2023.
In total, Pier Sixty-Six will include 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. The hotel is set to open in January, its website shows.
Tavistock has other South Florida projects in the works, including a Mark Bellissimo-led massive mixed-use project in the equestrian village of Wellington, but it is unclear if Lewis’ recent legal trouble will put a wrinkle in these plans. The octogenarian Lewis pleaded guilty to securities fraud charges earlier this year. He managed to avoid prison time for the charges due to his age and poor health, and instead faces three years of probation and a $5 million fine.
