MIAMI—The Rockefeller Group has partnered withStiles Residential Group to develop anultra-luxury high-rise residential project in Fort Lauderdale, FL.The companies expect the project to come online in December2015.

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“There is a growing demand for luxury multifamily living inurban areas throughout South Florida,” says JayJacobson, president of Stiles. “The Las Olas Boulevardcorridor is in high demand due to its proximity to a number of thenation's finest single-family residential neighborhoods, excitingnightlife, abundance of restaurants and shops, depth of culture andaccessibility to employment centers in downtown. This is thequintessential urban walking neighborhood that cannot be foundanywhere else in Fort Lauderdale.”

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Located at 215 Southeast 8th Avenue, the yet-to-be named projectsits one block from the iconic Las Olas Boulevard.Multifamily units include one- to three-bedroomsranging from 750 to 2,450 square feet. With nine- to 12-footfloor-to-ceiling windows, units offer views of the cityscape to thewest and the coastline to the east.

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According to Jacobson, this project targets a broad demographic,but caters to those who appreciate Fort Lauderdale's urbanlifestyle and want a luxury, cosmopolitan South Florida livingexperience with the benefits of living in the urban core. The topsix floors offer premium units, with increased square footage andupgraded finishes and appliances.

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“We are confident that with our sponsorship and our core LasOlas location we can set a new standard for luxury living in SouthFlorida,” says John Petricola, senior vicepresident and southeast regional development officer forRockefeller. Units will feature high-end finishes including granitecountertops, stainless steel appliances, in-unit washer and dryers,and private balconies. Prices were not yet disclosed.

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