The Las Olas Co. has proposed building 456 residential units in two buildings along Federal Highway in downtown Fort Lauderdale, but the site would likely be sold to another developer.
The city’s Development Review Committee will meet on Oct. 25 to consider the site plan for the projects at 116 and 200 S. Federal Highway. The applicant is Las Olas Co., a longtime local developer led by President Michael Weymouth that has owned the land for more than three decades. A spokesperson for the company said the real estate would be sold to another developer for the projects.
The application lists the builder of the project as Orlando-based apartment developer ZOM USA. An official at ZOM USA couldn’t immediately be reached for comment. It was designed by architect CallisonRTKL with Architectural Alliance Landscape.
The overall project would be called Las Olas Walk. It would be north of Las Olas Boulevard, home to many restaurants, retailers, office buildings and residential towers.
The larger building would have 329 residential units at the northeast corner of Federal Highway and Southeast 2nd Street, where Las Olas Co. owns about 2.09 acres. The furniture store built in 1950 would be demolished. The new 8-story building would total 385,076 square feet, including 319,342 square feet of residential. It would include a pool on the ground floor.
The 1.38-acre site at the southeast corner of Federal Highway and Southeast 2nd Street would have 127 residential units and a 656-space parking garage. The 8-story building would total 342,567 square feet, with 128,721 square feet of that dedicated to residential space. The units would range from efficiency sized to three bedrooms. There would be an amenity terrace on the top floor. Residential units line the perimeter of the garage to improve its appearance from the street level.
Source: South Florida Business Journal
Elizabeth Ford - Realtor 