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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

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