FORT LAUDERDALE, FL—Related Group continues itsroll northward, working with Fortune InternationalGroup to develop yet another beachfront property. Thistime, the companies are partnering with FairwindsGroup of Fort Lauderdale to build a luxury project dubbedAuberge Beach Residences and Spa.

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The 171-unit, two-tower project sits on a 4.6-acre site that wasonce home to Ireland's Inn Beach Resort. Auberge ResortsCollection is managing the spa and hotel aspect of thedevelopment. Pricing for the on-the-sand luxury residences willrange from $1.5 to $8 million.

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“We have assembled a world-class team to create an unmatchedproduct that embraces the sophisticated, yet casual, lifestyle thatembodies Fort Lauderdale,” says Jorge Pérez,founder, chairman and CEO of Related. He calledFort Lauderdale “the transformative emerging market in SouthFlorida.”

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To be sure, Fort Lauderdale is one of the world's most renownedyachting ports of call, attracting visitors from around the worldwith about 300 miles of waterways and marinas. Fort Lauderdale isalso home to one of the top three largest in-water boat shows inthe world, an annual event that makes a $650 million impact.

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Edgardo Defortuna, founder and CEO of Fortune,says Auberge Beach Residences and Spa will be a “game-changer forluxury living in Fort Lauderdale.” He sees it as the “first in anew wave of luxury developments that will entice more affluentbuyers to this beautiful stretch of South Florida coast.”

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The developers point to Fort Lauderdale as a city emerging asone of the fastest-growing markets for global trade. FortLauderdale has certainly become an epicenter for a casual,sophisticated lifestyle.

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“Fort Lauderdale is a world-class city primed for a luxuryproject of this caliber,” says Andy Mitchell,president and CEO of Fairwinds. “Auberge Beach Residences and Sparepresents the future of Fort Lauderdale and will enable a wideraudience to discover our alluring city that attracts those seekinga relaxed setting with luxury amenities in an elegant beachfrontSouth Florida location.”

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Nichols, Brosch, Wurst, Wolf & Associates,which has designed Miami condominium projects for both Related andFortune as well as South Florida luxury hotels such as MarriottMarquis Miami World Center, Westin Diplomat Resort-Hollywood, WHotel & Residences Miami Beach, and The Ritz-Carlton Resort& Residences Key Biscayne, is designing the project. The designincludes two light-filled glass towers that work to feature thedevelopment's setting and panoramic ocean views.

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Departing from both South Beach contemporary and traditionaldesigns, the architecture will strike a natural balance with formsthat are softer and organic, but also luxurious in a restrainedsophistication. The project's 171 residences, ranging in sizebetween 1,500 and 5,000 square feet, will all have sweeping oceanviews. The

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Meyer Davis, an award-winning New York-basedinterior design firm whose portfolio includes 1 Hotel & HomesSouth Beach, W Hotel Mexico City and Capri Hotel Southampton, willdesign interior spaces. A sales center is set to open inDecember.

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Related remains ultra-active in the South Florida commercialreal estate market—and it's not all development. The firm recently sold a brand new residential community for $52million. Related is also on a retail roll in Fort Lauderdale,finding traction at its mixed-use development here. CBRE just closed four premierretail tenants at The Manor@Flagler Village. All told, the brandsleased 8,565 square feet at the property, which is still underconstruction.

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