GCF Progress and its companions won Fort Lauderdale approval to create Ocean Harbor, a 20-tale, 36-device condominium along the Intracoastal Waterway.
The prepared challenge, at 3013 and 3019 Harbor Push, was authorised by the Fort Lauderdale Metropolis Commission on Tuesday. GCF is creating Ocean Harbor alongside one another with Vertical Developments, led by Fernando de Nunez, and WellDuo, a partnership amongst Eduardo Pelaez Romer and Alvaro Cardenas. The three corporations are equal associates in the project.
Pre-building price ranges for the condos possibly will start in the $3 million vary and best out previously mentioned $15 million, Charles “Chip” Abele, CEO of Hollywood-centered GCF, told The True Offer. All of Ocean Harbor’s condos will have at least a few bedrooms.
The 240-foot peak of Ocean Harbor is double the city’s normal 120-foot utmost east of the Intracoastal Waterway. GCF experienced applied for a conditional use allow to build the condominium 240 ft tall. The Fort Lauderdale Preparing and Zoning Board reviewed the conditional use and website approach for Ocean Harbor and voted 6-3 on Dec. 20 to approve the improvement. In February, the city’s Enhancement Assessment Committee done its individual assessment of the Ocean Harbor task.
At the Tuesday commission conference, Fort Lauderdale commissioner Warren Sturman created a movement to “call up” the Ocean Harbor job and plan a de novo hearing so the total fee could assessment the board’s approval of the challenge. But Struman’s movement unsuccessful since no other commissioner seconded it.
“As we comprehend it, we’re absolutely authorised — web-site prepare, constructing system, every little thing else — and we’re all set to transfer it forward,” Abele instructed TRD. “By the summer time, if not prior to, we could be processing permits to get started design.”
Made by Miami-dependent Arquitectonica, Ocean Harbor will consider 18 to 24 months to build, and pre-building revenue will get started in a couple months.
“We’ll be in the marketplace [with pre-construction sales] right before summer,” Abele claimed.
The builders program to demolish two small-increase buildings on the growth web-site, which the corporation obtained for $11.6 million previous 12 months. GCF paid out $8 million for a three-tale residential residence at 3019 Harbor Generate and a complete of $3.6 million for all 10 models in a a few-tale making at 3013 Harbor Generate, in accordance to Broward County home data.
Ocean Harbor might encounter some competition in the nearby apartment market. The growth internet site on Harbor Travel is located just south of Bahia Mar, wherever developers Jimmy and Kenny Tate, with each other with Sergio Rok and Similar Group, approach to switch the property’s current resort and construct as quite a few as 350 condos.
Farther north on Fort Lauderdale’s barrier island, Critical Biscayne-dependent Latitude Group is developing The Terraces, a 10-story, 22-unit boutique apartment. The 50 percent-acre development web site at 527 Orton Avenue is about a mile south of Hugh Taylor Birch State Park and about a mile north of the Las Olas Marina.
