Now it’s the adults who flock to Fort Lauderdale
This article is part of our last special feature on Waterfront houses, which focuses on life nearby, and sometimes even on the water.
It took developers Kathy Ireland Mitchell and her husband, Andy Mitchell, 17, two partnerships, 476 community meetings and eight redesigns to build an exclusive residential condominium in Fort Lauderdale on the site of Ireland’s Inn, a highly regarded hotel founded by Mrs. Mitchell’s family.
The fruit of their labor? The Auberge Beach Residences & Spa Fort Lauderdale on North Ocean Boulevard overlooking Fort Lauderdale Beach.
Developed by the Fairwinds Group, Fortune International Group and the Related Group, and designed by the architectural firm Nichols Brosch Wurst Wolfe & Associates and the interior design studio Meyer davis, the five-acre, $ 400 million development debuted in April 2019. The 57 residences in the North Tower, ranging from 1,627 square feet to over 5,000 square feet, sold for 1.4 million. dollars to over $ 9 million.
The last of the 114 residences in the 22-story South Tower sold recently with prices ranging from $ 3.1 million to $ 4 million (Homeowners Association fees are approximately $ 3,400 per month ). One to three bedroom units, spanning 2,776 to 3,500 square feet, feature amenities including ITALKRAFT cabinets, Wolf and Sub-Zero appliances, and double balconies with views of the Atlantic Ocean and Intracoastal Waterway .
“In Miami, these units would sell for $ 3,000 a square foot instead of $ 1,200, so there’s a lot of value,” said Patrick Campbell, executive vice president of the Associated groups condominium division.
Fort Lauderdale has long been known for spring break due to the hundreds of thousands of college students who invaded the city in the 1960s and 1970s. In the late 1980s, the City Commission began campaigning to attract a affluent population. Bonds were issued to improve infrastructure along the beach and river banks. Old motels have given way to brighter hotels like the Ritz Carlton Hotel and West Fort Lauderdale. From now on, high-end residences are on the horizon.
These new condominiums come with sought-after advantages. At the Auberge, residents have 450 linear feet of waterfront, an underground garage for 600 cars, a glass lobby anchored by a Fernando Botero sculpture, an indoor-outdoor restaurant overlooking the ocean, a 16,000-square-foot full-service spa, and two ocean-view pools.
“A good chunk of our residents are local empty nesters who have sold their homes and are now fulfilling their dream of living on the beach,” said Campbell.
Lori Zuckerman and her husband, Leslie, are among these couples. They lived with her two children in houses in Boca Raton and Fort Lauderdale, but they always fantasized about living on the beach. When Auberge first hit the market, they weren’t ready to move, but they went to the sales office and “that was it,” Zuckerman said.
They chose a 4,440 square foot corner unit with over 1,000 square feet of outdoor living space. “You can see ships passing over the Intracoastal and the ocean on the other side,” she said.
“I thought I would miss my house, but it doesn’t,” Ms. Zuckerman said.
The Zuckermans paid $ 2.9 million for their four-bedroom, six-bathroom residence in the North Tower, which they customized, including expanding the kitchen and adding custom storage and cabinetry. It’s a very social building, Ms. Zuckerman said. “It’s like camping in great style.”
It was important to the Mitchell’s that their project had a sense of community. “I grew up here,” Ms. Mitchell said. “Our room is where my grandmother’s kitchen was.”
Their sixth-floor unit cost $ 4.5 million. Four bedrooms and four and a half baths are spread over 3,752 square feet of living space. A maid’s quarters have been transformed into a children’s den.
“We love the open layout,” Ms. Mitchell said. “It’s a very functional house.
The condo has floor to ceiling windows offering almost panoramic views. Almost all rooms open onto the 2,688 square foot wraparound balcony with a 100 square foot plunge pool.
“Our terrace is ideal for entertaining; we can accommodate 100 people on the bridge, ”said Ms. Mitchell.
The success of the project prompted the related group to replicate a similar concept of luxury living on the sand six miles north of Pompano Beach.
SolemarThe 105 high-end condo units ranging from 2,000 to 2,600 square feet (and three penthouses measuring 4,600 square feet) feature Delos smart home technology, expansive decks, and open layouts to maximize views. The 20-story oceanfront tower is selling at 80%, with prices starting at $ 1.8 million ($ 800 per square foot).
“For some of our buyers, Palm Beach is too slow and Miami is too fast,” said Dan Teixeira, vice president of business development at Douglas Elliman Development Marketing. “In Fort Lauderdale, they get the best of both worlds. “
Joanne and Vincent Intrieri, a semi-retired couple who lived in Manhattan for more than two decades before moving to South Florida two years ago, will move from Miami to Fort Lauderdale once their Four Seasons residence is completed.
The couple bought the 2,300-square-foot unit for $ 3.4 million as soon as it went on the market. Prices have since increased.
“Our condo is located on the northeast corner of the building, so we have a view of the ocean and the city,” Ms. Intrieri said. “I didn’t want to look into a black hole at night.”
While the unit is technically a two bedroom with three full marble bathrooms, the Intrieris plan to convert the living room into a guest bedroom with a murphy bed and one of the master bedroom walk-in closets into an office.
“There is a lot of flexible space to play with,” she said.
Ms Intrieri said she believed Fort Lauderdale, which Forbes classified as one of fastest growing cities in 2018, was what Brooklyn was to Manhattan years ago.
It’s promising, and you get more for your money, she said, adding, “We have the quality of life of a resort community, but we can still walk to some great restaurants, and there is a lot to do. “
The Municipal Commission is investing in improvement projects, allocating $ 200 million to create more parks and greenways.
The Riverwalk, Las Olas Marina and the airport receive upgrades. A seat of 18,000 football stadium debuted, private funding of $ 65 million Panthers training center with public ice rinks has been approved, and the aquatic complex is under renovation.
And the Light line has high-speed rail service from downtown Fort Lauderdale to Miami, West Palm Beach and, in 2022, Orlando International Airport and Walt Disney World.
Mayor Dean Trantalis is also focused on creating a pedestrianized downtown core offering a mix of high rise condos, retail stores, offices, art experiences, restaurants and nightlife for the residents.
According to a Market report 2021 by Douglas Elliman, the Fort Lauderdale condo market saw record prices and high sales volume, and listing inventory fell to new lows.
Further luxury developments are in the works. Tavistock Group buy it Pier 66 Hotel & Marina and the marina of sails for $ 187 million with plans to combine them into a unified 32-acre waterfront property featuring 164 deep water slides and approximately 575 high-end residential units near the beach. The project is expected to open in 2023.
“Things are moving fast,” said Ashi. “Five to ten years from now, Fort Lauderdale will be a whole different place. “