Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT LAUDERDALE, FL-Construction of the W Fort Lauderdale Hotel & Residences, a twin-tower complex containing 171 for-sale hotel condo units and 346 conventional hotel units, is now under way and is scheduled to open in early 2007. This represents Starwood Hotels & Resorts Worldwide’s flagship condo-hotel under the upscale W brand.

While this was the first W condo-hotel to be announced, its opening will be preceded by another, set to open in Dallas next year. Locally based Colonial Development Co. is the developer of the complex, which is located on 4.5 oceanfront acres at 435 N Fort Lauderdale Beach Blvd. and occupies two full city blocks.

Maura Landers, sales director for the company’s subsidiary, Colonial Realty Sales, tells GlobeSt.com this will be the largest of the W condo-hotels planned to date. Both buildings are 23 stories high, and units in the condo structure are significantly larger than the hotel units in the neighboring building. There are six different condo-unit floor plans ranging from 804 sf to 1,402 sf. Prices, Landers says, “begin at $900,000 and reach to $1.9 million.” She declined to disclose the all-in cost of the development, but says, “the sell-out will exceed $200 million.”

Without disclosing current sales, she says “units are selling well. Buyers are primarily from Miami, Los Angeles and New York City, and include models, TV celebrities and professionals between the ages of 30 and 50 who are familiar with the W brand.” Owners will have the ability to rend out units when they aren’t using them, and both the hotel and condos will share W amenities and services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.