Dave Howard, CEO of Brightline
Brightline can finally begin construction on Phase 2, their new line of tracks to Orlando after gaining federal approval from the U.S. DOT for the transit line. Construction on Phase 2 is expected to kick off in early 2018. Service is expected to soon commence between Fort Lauderdale and West Palm Beach, adding service to Miami soon after.
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9 Isla Bahia Drive in the ultra-exclusive Harbor Beach neighborhood of Fort Lauderdale has hit the market as Broward County's most expensive home, asking $39 million, $1,991 per SF. The enormous waterfront mansion features 19,589 SF of living space spread over 6 bedrooms and 10 full bathrooms and 7 half-baths.
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Tour the new, nautical-themed Conrad Fort Lauderdale Beach, which opened October 10, 2017, further cementing Fort Lauderdale Beach as a luxury area on the rise. The luxurious property, which features 290 suites located at 551 N. Fort Lauderdale Beach Blvd, will officially open with a ribbon cutting ceremony on December 14, 2017.
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PROFILEmiami had the exclusive opportunity to stay at W Residences Fort Lauderdale, located directly on Fort Lauderdale's pristine beaches and the Atlantic Ocean. After a $60 million renovation overseen by Related Companies and Meyer Davis Studio, W Fort Lauderdale is one of the finest options on Fort Lauderdale's seaside A1A strip.
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PARAMOUNT Fort Lauderdale has been completed and closings have already begun. 56 units have closed so far in the building which is set to sell out for $210 million. PARAMOUNT Fort Lauderdale is being developed by Dan Kodsi, Art Falcone and Nitin Motwani who launched sales in 2014.
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Icon Las Olas has officially hosted its Grand Opening party on October 24, 2017 as Fort Lauderdale's Mayor Jack Seiler thanked Jorge Perez and Related Group for filling in one of the final pieces on the Las Olas waterfront. Icon Las Olas is now Fort Lauderdale’s tallest building, topping out at 455'.
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AquaBlu, a boutique condo development located at 920 Intracoastal Drive in Fort Lauderdale, has officially topped off. AquaBlu is under development by Ocean Land Investments and is the fifth Aqua-branded project by the developer.
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Fort Lauderdale Beach has been hot, with over $1.5 billion of new development in the area over the past 3 years. One of the most iconic hotels on the A1A strip is W Fort Lauderdale Hotel & Residences which recently underwent a $60 million renovation. Residence 802 features everything that you could want in a turn-key beachfront condo. The residence features 2 bedrooms, 2 bathrooms and a den spread over 1,463 SF.
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Winnipeg Jets star Jacob Trouba has joined Miami Dolphins legend Dan Marino as celebrity and athlete buyers at the under-construction Auberge Beach Residences & Spa Fort Lauderdale. Trouba has purchased a $1.4 million unit in the South Tower. The residence is a 1 bedroom + den with 2 bathrooms which overlooks the Atlantic Ocean.
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Jimmy Tate and Tate Capital has locked in a $50 million loan for Bahia Mar in Fort Lauderdale Beach from Florida Community Bank and has boosted its mortgage on the property to $135 million. The project includes a $7 million redesign of the Bahia Mar Fort Lauderdale Beach – a DoubleTree by Hilton, which is a 40-acre, 296-key resort. Bahia Mar was redesigned by Kobi Karp and is expected to be completed in October (2017). Tate Capital is planning to invest close to $500 million in redeveloping the property into a mixed-use project which will also include 7 apartment buildings, dock space, restaurants, a 250-slip marina with docking for 100 mega-yachts, etc. They have also secured that the Fort Lauderdale International Boat Show will remain at Bahia Mar through 2050.
