Site for proposed 35-story tower in Fort Lauderdale sells for $7M

Brian Bandell  – Senior Reporter – South Florida Business Journal

A developer who has proposed a 35-story mixed-use tower in downtown Fort Lauderdale has obtained control of the property in three deals for a combined $7.15 million.

New River Central LLC, managed by J. Kevin Reilly and Jacob Frydman, acquired the 42,749-square-foot site at 100 S.W. 6th Street and 608 to 614 S.W. Flagler Ave.. The sellers were Courthouse Investment West and Courthouse Investment Group, both managed by Jon Freemon, for $2.32 million and $2.83 million, respectively, in addition to Miguel Pilgram’s South Haven Ventures for $2 million.

 

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New River Central would rise 35 stories at 100 S.W. 6th Street.

If the project moves forward, it would add to the residential building boom in downtown Fort Lauderdale as more people seek to live near the employment center.

New River Central is seeking final city approval for a project of the same name with 408 residential units, 5,697 square feet of ground floor retail and 428 parking spaces. The eight-story parking garage would be topped with an amenity deck featuring a pool, lounge, yoga room, and fitness center.

The project would take up the south side of Southwest 6th Street from Southwest Flagler Avenue to Southwest 1st Avenue. A Publix is on its east side and the FEC railway as on its west side.

The tower would not be on the New River.

New River Central was designed by Dorsky Yue International with landscapes by Lewis Aqui Landscape + Architectural Design.

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