MIAMI—Related Group continues pushing ahead in South Florida's commercial real estate revival. The Miami-based developer is calling its New River Yacht Club project a “critical element” to complete Fort Lauderdale's Riverwalk neighborhood.
Here's why: New River Yacht Club offers 249 luxurious rental units to the mix. The multifamily project rises 26 stories on the south bank of the New River in the heart of Downtown Fort Lauderdale. Related expects it to energize that section of the historic urban community.
“Retail and restaurant businesses on the north side of Riverwalk are thriving, and our elegant new apartments are the first major development to be completed on the south bank,” says Patrick Campbell, vice president of development at Related. “They expand the options for those who want to live in this vibrant downtown neighborhood with the Broward Center for the Performing Arts a short stroll to the west, and Fort Lauderdale's city center just to the east.”
New River Yacht Club is within walking distance of Las Olas Boulevard's businesses, shopping, and dining corridor. Related is forging is with neighborhood restaurants. For example, the developer has partnered with YOLO so New River Yacht Club residents who sign leases in April will get a 20% discount on food and non-alcoholic beverages. Related reports early leasing is strong.
For the interior, Related tapped Cohen Freedman Encinosa for upscale finishes and RTKL to design social spaces. There is also a two-story lobby and a seventh-floor amenities area with pool, outdoor bar, club room, game room, and fitness center.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
