FORT LAUDERDALE, FL—The W Fort Lauderdale is offering a glimpseof what condo developers can expect in the next wave:foreign buyers giving the project traction. Aftera stalled start, the W Fort Lauderdale condo-hotel project inDowntown Fort Lauderdale is selling about two units a month,according to a new report fromCondoVultures.com.

Through March, buyers snapped up more than 20 units for a totalprice of $16.5 million. The project offers 171 units in a 24-storyresidential tower. A twin tower offers hotel rooms. Buyers havepaid an average of $765 per square foot, according toCondoVultures’ report.

“The W Fort Lauderdale was withheld from the market until theenvironment showed signs of improving,” PeterZalewski, a principal at CondoVultures, tells GlobeSt.com.“Now that a general optimism is spreading throughout the SouthFlorida market combined with dwindling developer inventory from therecent boom and bust, the W Fort Lauderdale is positioned tobenefit from the buyers who think the time to purchase is quicklyapproaching.”