The 808 Southeast 4th Residences in Fort Lauderdale (SE Fourth LLC, Facebook/Adache Group Architects, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
A developer has won site plan approval for a mid-rise waterfront condo project in downtown Fort Lauderdale after reducing its height and number of units.
The Fort Lauderdale City Commission voted 4-1 last week for a revised site plan for 808 Southeast 4th Residences, a 12-story condo with 67 units.
Boca Raton-based developer Roberts Equities LLC in October won preliminary approval from the Fort Lauderdale Planning and Zoning Board for a 13-story condo with 77 units.
Still, Roberts Equities proposed the revised 12-story site plan last Tuesday to city commissioners, who voted Nov. 2 to review the 13-story design approved by council in a de novo hearing.
“I’m glad to see this is a condo,” Vice Mayor Heather Moraitis said. In recent years, she said, too many multi-family residential developments in Fort Lauderdale have attracted renters rather than owners. “It’s not a good trend for the future.”
But Mayor Dean Trantalis, who cast the only vote against the revised site plan for the 808 Southeast 4th Residences, said even the scaled-down development was too large to blend into its surroundings along the New River.
“It’s a monster building compared to anything else on the street,” he said. “This project clearly crosses the boundaries of what belongs on this particular street.”
Roberts Equities expects to begin pre-construction condo unit sales in the first quarter of 2022 and complete construction of the development in 18 months, said Randy Tulepan, the company’s executive vice president for Southeast. United States. He declined to provide pricing for the condos.
The owner of the development site, SE Fourth LLC, is managed by New York-based Kevin Roberts Trust, according to state records. Roberts Equities is the investment arm of the trust.
SE Fourth LLC acquired the site in 2016 for nearly $6.1 million from a company run by William Massey of Fort Lauderdale, who bought the property in 2003 for $2.2 million, according to company records. property.
The 0.57 acre development site at 808 Southeast 4th Avenue is on the north bank of the New River, south of Las Olas Boulevard and east of the Federal Highway.
“It’s a big building for the site,” said commissioner Steven Glassman. “But on the other hand, it corresponds to the zoning in place. It actually meets the criteria, and that’s the rub for me.
The existing property on the development site is a two-story, 35-unit residential building built in 1957, long before the downtown skyline was transformed into a tower.
“This property is not in a sleepy little neighborhood,” Stephanie Toothaker, the developer’s attorney, said at the commission meeting. “We’re on Las Olas, basically. We are one block from Las Olas.
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