logo
search

Preconstruction

Real Estate News

Fort Lauderdale’s New and Pre-Construction Condo Update: October 2022

by , November 16, 2022

Boosted by an influx of wealthy residents from high-tax states and new businesses, South Florida continues to stay a destination and hotbed for construction activity. Attracted by golden beaches, year-round warmth, and a yachting lifestyle, the waterfront housing market is still expected to grow. So, even as the luxury condo market took a seasonal break from recording new sales highs this past quarter, developers here have continued announcing new projects to appeal to sophisticated dwellers from across the globe. 

This October, Fort Lauderdale got busy. We had two ultra-luxury projects launch sales - The Residences at Pier Sixty-Six & the Edition Residences Fort Lauderdale Beach. The Related Group and New York-based New Leaf Development proposed two new condo projects in Fort Lauderdale. And, Ocean Land Investments re-launched its rental apartment tower called Sixth & Rio as a condo development. 

Read below to find details on these and other projects in our monthly condo pre-construction market roundup for Fort Lauderdale this October 2022:


October 2022 – Fort Lauderdale Condo Pre-Construction Market at a Glance



Sales Launched

  • The Residences at Pier Sixty-Six – Fort Lauderdale
  • Edition Residences Fort Lauderdale – Fort Lauderdale

Planned/Proposed

  • Sixth & Rio – Fort Lauderdale
  • Muse Tower – Fort Lauderdale
  • Las Olas Condo – Fort Lauderdale

Watchlist

  • OKO Group and Cain International’s $147M Purchase – Palm Beach
  • Alta Developer’s $21M Shovel-ready Purchase – Fort Lauderdale


October 2022 – Fort Lauderdale Pre-Construction Condo Market - Sales Launched



The Residences at Pier Sixty-Six – Fort Lauderdale

Groundbreaking – Fall 2021 | Completion – Early 2024

The Residences at Pier Sixty-Six – Fort Lauderdale

As expected, Tavistock Development Co. launched sales for its most luxurious project in one of East Coast's premier yachting destinations this October. Designed by West Palm Beach-based Garcia Stromberg, renovations and construction are already underway at the historic and reimagined Pier Sixty-Six hotel and marina as well as its two, 11-story condo buildings plus two 4-story villa buildings.

Affording a unique combination of history and amenities, residences at this waterfront project will be delivered designer-ready. Offering a total of 93 units, its two condo towers will feature 31 boutique condos each along with 31 boutique villas in the shorter waterfront buildings. Besides absolute owner customization and fine finishes, each of the residences will feature its own private pool.

Residents will further enjoy direct access to the marina, a promenade with shops and restaurants, a private restaurant and lounge in The Club Room, a dynamic multi-level pool experience, a lavish spa, a Technogym-powered fitness center, a kids’ club, a family entertainment lounge, 42,000 square feet of meeting and event spaces, and much more.

Prices start at $3 million, with a choice of 2 to 4-bedroom residences. 

Edition Residences Fort Lauderdale – Fort Lauderdale

Groundbreaking – Early 2023 | Completion – Early 2026

Edition Residences Fort Lauderdale – Fort Lauderdale

Soon after launching their first-ever stand-alone Edition Residences in Miami’s Edgewater neighborhood, Marriott International’s EDITION Hotels launched sales for their very first condo offering in Fort Lauderdale this October. Co-developer Rishi Kapoor’s Location Ventures had first filed plans for the 1.5-acre site at 551 Bayshore Drive in early 2021.

The waterfront Edition Residences Fort Lauderdale will feature two, jewel-box-like, 11-story condo towers designed by West Palm Beach-based GS4 Studios/Garcia Stromberg. Meticulously uniting modern sophistication with cultural artistry, the towers will feature only 65 waterfront residences.

With interiors designed by the internationally-recognized Clodagh Design, each unit will be delivered fully finished with the option to purchase furniture packages. All amenities and hospitality services in the condo buildings, such as dining and entertainment, will be managed by Edition Hotels. 

Built for utmost privacy, Fort Lauderdale’s first Edition-branded towers will allow annual leases only and no short-term rentals. Featuring more than 20,000 square feet of outdoor amenities, residents will gain access to two pools, including an oversized resort-style pool with private cabanas, a residents-only poolside restaurant, a moonroof and sunroof with Zen gardens, an outdoor movie screen, a health and wellness center, plus an eat-in lounge with gourmet kitchen. There will also be lushly landscaped pathways leading to an outdoor meditation walkway and an Intracoastal riverwalk with temporary boat dockage.

Prices range from $3 million to $7.5 million, with a choice of 2- to 4-bedroom residences. The four penthouses are priced at $10 million onwards.


October 2022 – Fort Lauderdale Pre-Construction Condo Market - Planned/Proposed



Sixth & Rio – Fort Lauderdale’s Rio Vista 

Groundbreaking – Q3 2023 | Completion – Summer 2025 

Sixth & Rio – Fort Lauderdale’s Rio Vista

Following in the successful footsteps of The Elser Hotel and Residences in Miami, Sixth & Rio – originally a rental apartment tower – will be re-launched as a condo project. The development firm behind the meticulous “Aqua” series of condos, Ocean Land Investments, decided to make the switch owing to rising construction costs following Hurricane Ian.

Launching sales soon, Sixth & Rio will rise 9 stories with 94 luxury condos along the south bank of New River at 501 SE Sixth Avenue. The boutique residential building will mark the first new condo project in over a decade for the Rio Vista neighborhood. The waterfront development was previously called Aviva on the River.

Owners at this waterfront community will be restricted to rentals of at least 3 months, which means short-term rentals won’t be allowed. Amenities at this boutique tower will include a rooftop swimming pool and cabanas, a fitness center, a cafe/restaurant, and co-working space.

Prices expected to start in the $900,000s and go up to more than $2 million, with a choice of 1- to 3-bedroom residences and four penthouses.


Muse Tower – Fort Lauderdale

Muse Tower – Fort Lauderdale

Submitting plans to the city’s Development Review Committee this October, New York-based New Leaf Development proposed a 30-story condo tower just north of downtown Fort Lauderdale. The proposed Muse Tower is expected to feature an exoskeleton design, similar to the late Zaha Hadid’s One Thousand Museum Park in Miami, and appeal to future residents with large floor plans and extra-large balconies.

Designed by New York’s INOA Architecture in association with R-Method in Deerfield Beach, the tower is expected to house 112 condos, an 854-square-foot art gallery on its ground floor, a 4th-floor amenity deck with two pools, and 137 parking spaces in a mechanical garage with car elevators. The condo tower is expected to feature a mix of 2 one-bedroom units with lofts, 6 two-bedroom units with lofts, 52 two-bedroom units, and 52 three-bedroom residences. 

Currently home to two small apartment buildings, the combined 0.43-acre site at 408 and 416 N.E. First Ave. was acquired by developer New Leaf Development in 2021 for a total of $4.05 million in 2021.


Las Olas Condo – Fort Lauderdale

Las Olas Condo – Fort Lauderdale

After almost a 15-year hiatus spent building apartment towers in Fort Lauderdale, the Related Group made a comeback with its proposal for a 45-story condo at 529 and 521 E. Las Olas Blvd. Affiliates of the Group assembled the 0.65-acre site for a combined $11.25 million in 2020. Plans for the condo project are currently under review by the city’s Development Review Committee.

Designed by Cohen Freedman Encinosa & Associates Architects in Miami Lakes along with the Italian automotive and architecture company Pininfarina, the building will complement Fort Lauderdale’s nautical history while standing out from its surrounding structures. The entire building will prominently feature curvilinear glass along with full wraparound balconies with rounded edges that flow in a wave-like appearance, instead of the standard staggered balconies. 

Named Las Olas Condo, for now, the project is expected to feature 192 units, a 3,684-square-foot restaurant, and 354 parking spaces. Most of the amenities would be housed on the 10th and 11th floors. Expected amenities include a roof deck with two pools and a pool bar, another pool, a fitness center, a spa, an outdoor kitchen, a loggia, an outdoor lounge, fire pits, a kid’s room, a game room, a club room, a card room, a library, and co-working space.
 


October 2022 – Fort Lauderdale & Palm Beach Pre-Construction Condo Market - Watchlist



OKO Group and Cain International’s $147M Purchase – Palm Beach

Ambassador Hotel & Residences - West Palm

Partnering to purchase two aging co-op buildings, the OKO Group and Cain International closed on the Ambassador Hotel & Residences plus Edgewater House for a combined $146.6 million. The deal gives this developer duo access to two prime waterfront sites in one of the most expensive residential real estate markets in South Florida with tremendous redevelopment potential along the beachfront.

OKO and Cain purchased The Ambassador Palm Beach Hotel & Residences for $87.7 million and the Edgewater House for another $48.6 million. The buildings sit across the street from one another - one along the oceanfront and another on the Intracoastal. The duo now has ownership of all 97 units of the oceanfront Ambassador Hotel located at 2730 South Ocean Boulevard as well as the 36 units of the Edgewater House at 2720 South Ocean Boulevard. While the hotel was built in 1963, Edgewater House was built in 1967.

Even as the duo claims that they will continue to operate the hotel as normal, we’re keeping this deal on our watchlist since the co-developers have given Miami two of its most iconic waterfront developments in recent times - Edgewater’s Missoni Baia and Brickell’s Una Residences.


Alta Developer’s $21M Shovel-ready Purchase – Fort Lauderdale

Pre-approved to carry a 35-story project, Miami-based Alta Developers closed on the nearly 1-acre site at 608, 612 and 614 S.W. Flagler Ave. plus 100 S.W. Sixth St. and 609 S.W. First Ave. for $20.75 million. The prime parcel sits south of the New River and within walking distance of Downtown Riverwalk Park.

Previously owned by New River Property Owner LLC, managed by Alessandro Pallaoro of New York-based Bizzi & Partners, the shovel-ready site is already approved to carry 400 apartments, 4,198 square feet of retail, and a 463-space parking garage. We’ll be keeping a close watch on this deal since developers have been converting their rental projects into condo developments owing to an increase in demand for luxury housing by wealthy out-of-towners and empty-nesters looking to downsize.

Ready to invest or move into a brand-new luxury condo in or around Fort Lauderdale? Call, chat, or email us to have a local, pre-construction condo expert guide you to your desired property.
 

ARE WE FRIENDS ON SOCIAL MEDIA?
📣 Connect with us on Instagram, TikTok and Youtube📣


Love staying on top of pre-construction news in Fort Lauderdale and Miami? Subscribe to this blog or 
our YouTube channel for monthly updates!

Contact us

I agree to be contacted by Condo Black Book LLC via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply. Terms of Use and Privacy Policy

The insider's guide to Miami condos

Find the right condo in the perfect neighborhood

New test prod blog 1

New test prod blog 1

Brickell vs. Edgewater: Which Miami Neighborhood Is Right for You?

Neighborhood Comparisons

Real Estate News

Edgewater

Brickell vs. Edgewater: Which Miami Neighborhood Is Right for You?

When most people are thinking about moving to Miami, the two most popular neighborhoods mentioned are Edgewater and Brickell. So, how can you know if Brickell or Edgewater, Miami is right for you? Both neighborhoods have grown considerably in recent years, and both are home to high-rise residential towers as well as mid-rise residential towers. While both areas provide plenty of variety in housing options, they also offer differing lifestyles and benefits. _This article was last updated on January 12, 2023\._ ## Lifestyle: Brickell vs Edgewater Edgewater, Miami is primarily a quiet, residential neighborhood nestled on the shores of Biscayne Bay and the 8-acre Margaret Pace Park. It's a neighborhood that is in a super central location in all of Miami, and Edgewater condos are ideal for families and young professionals still looking for luxury residences on Biscayne Bay, many of whom are purchasing their first property or moving away from the real estate east at the beach. Edgewater, Miami, is one of Miami's most well-kept secrets for those who favor a serene, residential lifestyle that still provides access to all of the eclectic offerings that make Miami exciting, such as Miami Beach and Biscayne Bay. ###### Margaret Pace Park in Edgewater. Photo by Ryan Healy A quiet residential neighborhood that is off-the-beaten path and generally overlooked by tourists, Edgewater provides a nature-oriented yet urban lifestyle that's very walkable, and also has easy access to the Downtown Arts District, the Julia Tuttle Causeway to the east, the Wynwood Arts District, the Design District, Brickell, and South Beach. Edgewater, Miami, has many existing bayfront condos and luxury residences, yet is also still growing, with more luxury condos, restaurants, grocery stores and such on the way. Brickell, in comparison, is Miami's Financial District and home to many international corporate headquarters. It has a high population density and is roughly bound to a busy area that has been playfully nicknamed the “Manhattan of the South,” and more recently, “The Wall Street of the South.” As Brickell has experienced rapid urbanization over the past few decades, Brickell is now more dense than Brooklyn, and could be compared to lower Manhattan. ###### City Centre in Brickell. Photo by Jill Bazeley Ideal for ride-or-die urban types, executives, workaholics, and those who wish to live and work in the same distinct neighborhood, Brickell is also home to families and international business executives who come to Miami for extended periods. Brickell is known for its bevy of world-class restaurants, a vibrant but mature nightlife, as well as its plethora of versatile shopping options. ## Business: Brickell vs Edgewater Edgewater, Miami is essentially a laid-back, homey residential district where neighbors will recognize one another while walking their dogs, pushing strollers or bicycling. There are only a handful of shared work spaces, offices, and commercial buildings. If you prefer to leave the work at the office, and decompress when you get home, Edgewater neighborhood offers that. ###### Photo by Marcus Lenk on Unsplash Brickell, on the other hand, is a buzzing international banking hub that represents the largest of its kind in the US, and the second-largest financial center south of New York. Brickell is Miami's central business district. Flanked by the Miami River and Biscayne Bay, Brickell offers a unique Miami-style, urban experience that includes plenty of open-air restaurant options, high-rises with spectacular water views, and an active but casual corporate environment. If you like to get deals done over dinner and then walk home, then Brickell is good for you. ## Walkability and Transportation: Brickell vs Edgewater While Edgewater is tucked away, its super central location makes it close enough to walk or bicycle to many of Miami's most desirable locations, such as the Perez Art Museum (PAMM) and the Frost Science Museum, the Adrienne Arsht Center for the Performing Arts, Museum Park, the Wynwood Arts District, the Design District, and Downtown, as well as the Miami-Dade College Wolfson Campus. Edgewater has its own Metromover stop, and its close proximity to Downtown and midtown Miami means that you can take advantage of the Metrorail and Brightline trains that can take you just about anywhere in South Florida, eventually to Orlando, from the convenient MiamiCentral station as a part of the Florida East Coast Railway, as well as the up-and-coming commuter rail service that will take you to locations both within and beyond the greater metropolitan Miami area. To the north, Edgewater has the Julia Tuttle Causeway providing quick access to the beach. ###### Metromover - Miami. Photo courtesy of Phillip Pessar In Brickell, the free Metromover can take you to Wynwood, Coconut Grove, and Downtown Miami, where you can connect to the Brightline trains leading to the tri-county area, north to Fort Lauderdale, and soon, north to Orlando. There is also a free Brickell trolley and a very inexpensive airport shuttle that costs $2.25 and runs about every 20 minutes. ### **Looking to live car-free?** Don’t miss our article on other Miami neighborhoods where you can live without a car. ## Parks and Greenspace: Brickell vs Edgewater Access to greenspace is Edgewater's claim to fame and part of what makes it so desirable. In this category, we think it is a winner over Brickell. The entire distinct neighborhood is anchored by the expansive and multifaceted Margaret Pace Park, with its winding pathways, mangrove forests, a dog park, sports activities, including basketball courts, volleyball and tennis courts, and waterfront access for water sports such as kayaking or waterboarding. The park also provides an array of outdoor options for nature-themed recreation ideal for young families with children, fitness enthusiasts, work-from-home types, as well as parks where dogs and their human companions can get plenty of exercise. ###### Brickell Key Park The dense commercial neighborhood of Brickell also has some parks, as the area was planned to provide sun and fun options at locations such as Brickell Park, the waterfront walk around Brickell Key Park, Alice C. Wainwright Park, and Miami Circle Park. You can enjoy shady walking trails and areas for dogs to run and play, as well as some breezy water views that make you forget momentarily that you're in the middle of one of the country's busiest urban hubs. ## Arts and Culture: Brickell vs Edgewater ###### Phillip and Patricia Frost Museum of Science Edgewater's proximity to the Downtown Arts District makes it incomparable as far as access to the arts, in comparison to busy Brickell. From most all Edgewater properties, you can easily walk or bicycle to some of the city's most renowned cultural venues, such as the Adrienne Arsht Center, Ziff Opera House, Perez and Frost Museums, American Airlines Arena, and many smaller art galleries, venues, performing arts centers, and artists' studios. Edgewater is also within a short bike or Uber ride to the infamous street art that has made Wynwood famous, along with its galleries and the yearly art fairs that draw millions of international tourists during Miami Art Week. It's also a stone's throw from the Design District, and the area's most prestigious art exhibition spaces and collections, such as the Moore Building, The de la Cruz Collection, and the Institute of Contemporary Art (ICA). While Brickell is better known for its restaurants, chic roof-top bars, and entertainment venues than for cultural venues, its easy transportation options provide quick and access to the Downtown Arts District and many of the same attractions that are close to Edgewater. ## Eating and Shopping: Brickell vs Edgewater ###### La Mar - Gaston Acurio at the Mandarin Oriental Hotel As far as eating and shopping options, it's impossible for residential Edgewater's bayfront community to compete with Brickell's plethora of casual eateries and fine-dining options, as well as the wide variety of shopping opportunities walking distance in Brickell, including those at Mary Brickell Village, Brickell City Centre, and all along Brickell Avenue. Some of these include The Capital Grille, an upscale steak house perfect for impressing corporate clients, and La Mar by Gaston Acurio at the Mandarin Oriental Hotel, where Peruvian fusion cuisine is served in a chic waterfront setting. Among one of the area's newest eateries is EST.33 Thai Craft Brewery and Kitchen, bringing a blend of Asian flavors blended with traditional American barbecue, with the bonus of craft beer. An excellent affordable waterfront lunch can be had at Crazy About You, where you can enjoy Mediterranean flavors in an understated bistro setting on the bay. There are also two food halls at Brickell City Centre, where you'll find a wide assortment of eateries as well as specialty shops serving up all types of food from cultures all over the world, particularly authentic Italian. ###### Edgewater’s Amara at Paraiso By comparison, Edgewater's bayfront community provides walkable access to some of Miami's most popular restaurants. For fine dining, Edgewater's Amara at Gran Paraiso is a waterfront favorite. And Paolo Fontanot's Italian bakery and cafe is also a can't miss, being the only U.S. location outside of Italy. Tons more spots are in our Local's Guide to Restaurants in Edgewater. Edgewater is also very close to Downtown Miami and Wynwood restaurants, including Kush, known for its infamous burgers and budget lunch menu. For more adventurous fare, Dunkunoo serves up Jamaican dishes along with exotic Caribbean drinks, and an assortment of experimental small plates are available on the eclectic tasting menu at Alter. Edgewater also provides easy access to Wynwood's unique boutiques as well as the specialty shops in the nearby Design District, and Downtown Miami's versatile shopping options. ## Architecture and Housing Options: Brickell vs Edgewater ###### Edgewater neighborhood Edgewater was in the past few decades a neglected enclave nestled between Biscayne Boulevard and Biscayne Bay, populated by working-class families living in smallish mid-20th-century bungalows and a few low-rise existing bayfront condos. All of that has changed in recent years as luxury condos and modern brand new developments such as Paramount Bay, Elysee, Missoni Baia, and other luxury condo high rises have replaced many of the older properties with chic new waterfront condos adorned with balconies boasting exquisite bay views, direct access to the bay, and modern family-friendly resort style amenities. For those drawn to the nostalgia of the neighborhood, a few of the area's old bungalows have been remodeled and upgraded and still dot the local landscape offering waterfront living. ###### Brickell Key neighborhood Brickell is a larger area that is divided into three sections: Old Brickell, The Financial District, and Brickell Key. The area south of SW 15th Road is known as Old Brickell, and along its grand, tree-lined street, consists of mainly of older low and mid rise condo buildings on the water, as well as small firms, international banks, and other professional service offices, along with a few ritzy mansions dating back to the Mary Brickell era. The area north of SW 15th Road, and particularly around Brickell Avenue, is known as the Financial District and here you'll see business and residential high rise skyscrapers, both business and residential. While many of the area's older high rise condos provide waterfront access to Biscayne Bay, most brand new constructions are being built inland due to limited availability of real estate in this increasingly dense area. Brickell Key is a more isolated, private enclave with high-end, waterfront residential condos. ### View available condo and rental options in Edgewater or Brickell. ## Cost of Living: Brickell vs Edgewater Edgewater is a family-friendly area, with real estate condo prices averaging around $386 per sq. ft. and average residential units listing at around $502,715\. The median household income for most residents in Edgewater near Miami Beach is $77,000. Brickell has a wider array of real estate options and attracts a variety of international investors, with options ranging from mid-rise residential towers to older high rise exclusive penthouses to affordable condos. The average price in Brickell is roughly bound to about $399 per square foot or $530,966 for an average residential unit; however, listings may run as high as $29,110,500 or about $2,039 per square foot. ## Which Neighborhood is Better? Brickell or Edgewater? If you're in the market for a quiet, family-friendly environment with less noise and traffic, access to nature, Biscayne Bay waterfront living, mid rise to high rise residential towers, and very little tourism, you'll love Edgewater, which offers respite after a quick commute. If you prefer to immerse yourself in the Manhattan of the South, with access to all things big city, you'll feel right at home in Brickell. Check out these below: * Edgewater vs South Beach * South Beach vs Miami Beach * Edgewater vs Downtown Miami * The Miami Beaches: South vs Mid-Beach vs North Beach * Brickell vs South Beach * Brickell vs Brickell Key If you'd like to talk more with us about which Miami Dade County, Florida, neighborhood is right for you, give us a call or e mail, and we'll be happy to go through the many real estate available listings in both Edgewater, Brickell, and all that Miami so you can make a well-educated decision as to which Florida spot is ideal for you. --- ###### Cover Photo by Anish Patel

Watch: Property Spotlight: Tour this $3.4M, 5-bedroom Cul-de-Sac Home in Coconut Grove

Coconut Grove

100 Las Olas

Watch: Property Spotlight: Tour this $3.4M, 5-bedroom Cul-de-Sac Home in Coconut Grove

Trust our Director of Luxury Sales, Stephanie Bienstock, to find the rarest gems before anyone else does. This time, it’s a two-story, 5-bedroom/4-bath, Mediterranean-style residence with a private pool that ranks highly on family living, character, sustainability, and timeless Grove charm.

Helloween 8

Helloween 8

Helloween 5

Helloween 5

Monthly 24/11/25

Monthly 24/11/25

Sign up now

Get news and updates delivered to your inbox