Riva Fort Lauderdale is powering towards completion and sales have continued to be strong, reported to be over 55% sold in May with a penthouse unit recently selling for $3.75 million. Construction is in the home stretch after topping off in February 2017 and is expected to be completed in September. Riva is being developed by Premier Developers who obtained a $65 million construction loan to finance completion of the tower in May. Riva will rise 15-stories and feature 100 condo units ranging in size from 1,538 SF to 8,788 SF and in price from $645,000 to $1.75 million with penthouses starting at $2 million. Amenities include water taxis, state-of-the-art fitness center, ground floor retail with a restaurant, a private dock and a watersports center. Riva is located at 1180 North Federal Highway.
The recently sold penthouse was located as part of the collection located on the upper half of the building. The 2 story unit has 4,479 SF of interior living space spread over 3 bedrooms with 2 master suites and an additional 2,600 SF of outdoor space including a rooftop deck with a spa and summer kitchen. The unit also features private elevator within the residence, an enclosed garage, and a 35' boat slip with direct river access to the intracoastal. The unit is under contract for $3.75 million.
Riva's premier unit is its unique, 12,085 SF River Loft, which is asking $5.25 million. The 2-story, 4 bedroom, loft-style penthouse unit is located on the 2nd and 3rd floors, just 25' above the Middle River with over 250' of riverfront and 83' of outdoor-space. The unit features an outdoor dining room, summer kitchen, private pool terrace, private 2 car garage, gourmet kitchen, story master suite, and library.