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Developers look to revive stretch of New River in Fort Lauderdale

Developers look to revive stretch of New River in Fort Lauderdale

By Paul Owers, Sun Sentinel
5:32 PM EST, January 6, 2012

Two recent deals for properties in distress along the New River are expected to help renew a key stretch of downtown Fort Lauderdale, although the developers face challenges, an expert says.

In the last week of December, Miami-based Cymbal Development paid $11.5 million for nearly 6 acres on the south side of the river, a site that once housed the Shirttail Charlie’s waterfront restaurant. Cymbal is planning a $135 millioan project that will include retail and residential.

Across the river, an investment group spent $16.7 million last summer on Las Olas Riverfront, the once-thriving entertainment landmark that has struggled during the past several years.

http://www.sun-sentinel.com/business/realestate/fl-commercial-development-20120108,0,205906.story

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Afi K. James
Afi K. James

I Hope they can bring back sunglass hut in the riverfront

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