Fort Lauderdale To Consider Four Big Projects

Written by on 01.10.17 in Land, MultiFamily, Office - No comments

Fort Lauderdale officials will consider four big development applications, including an apartment tower near the river and a hotel just off the beach.

All four applications went before the city’s Development Review Committee on Jan. 10 as the first step in their approval processes.

1. 488 Residences At Riverwalk

In the largest project, the 488 Residences at Riverwalk would rise 37 stories at 444 S.W. 1st Ave., which would be renamed 488 S.W. 1st Ave. The 26,291-square-foot vacant site is owned by SWFLB LLC, managed by Jim Ellis of Ellis Diversified. It acquired the property for $2.2 million in 2015. Designed by Built Form Architecture with landscaping by TBG, the 488 Residences would total 582,455 square feet with 362 apartments, 6,200 square feet of ground-floor retail, a 10th-floor amenity deck and 363 parking spaces. The units would have glass balconies. Ellis and his development attorney, Nectaria Chakas, couldn’t immediately be reached for comment.

2. Cambria Hotel Proposed Near Beach

A trio of older hotels across from the beach could be replaced with a new 97-room Cabria Hotel & SuitesHotel Motel Inc., owned by Jai Motwani and Jessica Motwani, filed the application for the $25 million project at 2201, 2202, 2221, 2231 N. Ocean Blvd. The 1.11-acre site currently has three hotels with a combined 67 rooms that were developed in 1951, 1957 and 1973. It’s right across from where the Auberge Beach Residences Fort Lauderdale.

The Cambria hotel would total 91,520 square feet, with 97 parking spaces, a fitness room, a meeting room, a coffee bar and a pool deck. Berrie Architecture & Design crafted the project. Jai Motwani said he’s owned the site for 16 years and was approached by Cambria and its parent company Choice Hotels (NYSE: CHH) about building the select service hotel there. He noted that a select service hotel generally costs around $200 to $300 a night, while full-service hotels can be more than twice as expensive. The other new hotels under construction on Fort Lauderdale beach are full service.

“There are no select service hotels on the barrier island being built. Everything is super high end,” Motwani said. “Not everybody wants to pay $600 or $700 a room night.”

Motwani’s company also owns hotels in Daytona Beach and Missouri. He’s related to the Motwani family that owns development firm Merrimac Ventures, but Jai Motwani has his own business.

3. Senior-Living And Medical Complex Planned

A senior-living complex with medical offices could be developed at Northwest 8th Avenue and Sistrunk Boulevard. The 25,367-square-foot site at 606 N.W. 8th Ave. currently has a 1,522-square-foot medical office from 1951, but it could be redeveloped into a five-story building with 58 senior living apartments, 10,000 square feet of medical space and 75 parking spaces. The apartments would be one and two bedrooms and total 43,124 square feet. Designed by Kombining Koncepts, the building would be called Tri County Medical. The property is currently owned by WCZ Enterprises but it’s under contract to a firm controlled by Eric L. Haynes of Inner Urban Development.

“Most of the senior developments in Broward County are located a distance from downtown,” Haynes said. “We are trying to put those seniors closer to downtown so they can enjoy the amenities the city has to offer.”

Haynes said he approached the owners of Tri County Medical, which has operated in that location for over 20 years, and proposed a way for them to both expand their practice and take advantage of the site’s new zoning that would allow for residential units. Tri County Medical will operate the project’s medical space, which will include primary care, urgent care, diagnostics and a pharmacy, he said.

The building would have amenities for seniors, such as a fitness room, a business center, a rooftop pool and transportation to the city’s cultural centers, Haynes said. Haynes said he plans to seek both bank financing and financial assistance from the Fort Lauderdale Community Redevelopment Agency.

4. Apartments And Live/Work Units Project

A developer wants to build 26 apartments and six live/work units at 534 to 688 N.E. 14th Court. The application for Middle River Terrace was filed by RSJ 14th Court Property Investments, managed by Robert Stiegele Jr. It acquired the vacant 1.8-acre site for $475,000 in 2012.

Designed by Miami architect Edward Silva, the project would cost $4 million. There would be eight one-bedroom apartments and 18 two-bedrooms apartments spread between three two-story buildings. The six live/work units would go in a three-story building fronting Northeast 7th Avenue, with each unit having two bedrooms and 500 square feet of work area. Stiegele couldn’t immediately be reached for comment.

 

Source: SFBJ

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