Clicky

1,200 Apartments Planned At Las Olas Riverfront, Rents At $3 PSF

PMG has cut a deal with Las Olas Riverfront owner Dev Motwani to redevelop a portion of the property, according to the SFBJ.

The project will have twin towers of 46 and 42 stories, and is set for review by Fort Lauderdale’s Development Review Committee next week. If approved, it will include:

  • 244 studios
  • 488 one bedrooms
  • 357 two bedrooms,
  • 26 three bedrooms
  • 159 four bedrooms

The combined total is 1,274 units, along with 40,000 square feet of retail and 1,944 parking spaces. FSMY Architects is the architect.

PMG principal Ryan Shear said that he wants rents for the 500-square-foot units to go for around $1,500 per month, or $3 per square foot.

In addition to PMG’s project, Motwani said he is considering a hotel with condo units on the eastern portion of the property, and more retail.

 

Leave a Reply

11 Comments on "1,200 Apartments Planned At Las Olas Riverfront, Rents At $3 PSF"

Notify of
avatar
Sort by:   newest | oldest | most voted
Yet Another Anonymous
Yet Another Anonymous

Brightline-oriented development.

Anonymous
Anonymous

The station should have been built elevated with a new bridge in this dead zone. The arts and farts FATVillage got it in the hopes of stimulating an area with something completely unrelated. FYI, Las Olas Riverfront is where the original FEC Depot stood until being moved south near SE 17th Street in the 60s and closed shortly after.

Anonymous
Anonymous

This is a beautiful project!

Anonymous
Anonymous

seems ordinary

Anonymous
Anonymous

Nice. But seems a bit expensive for the area.

invasive species
invasive species

lol $3/SF ?!?!?!?! pfffffff

Anonymous
Anonymous

That’s comparable to what you’d pay at Las Olas River House just down the street. There’s obviously lots of demand for that area.

ilovearchitecture
ilovearchitecture

New York prices, that means that 1000 sqf flat will cost 3,000$/month
Dare to Dream!

Anonymous
Anonymous

IT IS ATROCIOUS LOOKING, WAY TOO MASSIVE. WHY NOT BUILD MARINA LOFTS THERE? AT LEAST THAT IS ARCHTITECTURALLY SIGNIFICANT.

Anonymous
Anonymous

The proposal here might be massive, boring, and somewhat ugly (the balconies), but Marina Lofts was also massive, out of place, and extremely ugly.

Anonymous
Anonymous

Good, the side that faces the parking garage constantly smells like sewar backup

wpDiscuz