BH3, Traina Cos. Plan 1.4 MSF Fort Lauderdale Build

DNA Towers. Rendering courtesy of BH3 Management

BH3 Management and The Traina Cos. have completed the demolition of a 2.6-acre development site on North Andrews Avenue in downtown Fort Lauderdale, Fla. The co-developers will use the space to develop DNA Towers, a 45-story, twin tower mixed-use project. Sieger Suarez Architects will be leading the architectural efforts.

Set to rise at 300 and 330 North Andrews Ave., in Fort Lauderdale’s central business district, the DNA Towers are slated to soar to a height of 500 feet, making them some of the tallest structures in the city.

The twin towers will take shape in the Flagler Village neighborhood, within walking distance of the Brightline Fort Lauderdale train station. Fort Lauderdale-Hollywood International Airport is some 6 miles from the property.

READ ALSO: National Multifamily Report – February 2023

Planned to span 1.4 million square feet, the development will encompass 612 residential units, 74,246 square feet of commercial and retail space on the first two levels, as well as a seven-story parking garage with 890 spaces.

Units at the property will include studios, one-, two-bedroom, and three-bedroom floorplans, ranging from 440 to 2,180 square feet, according to the Florida YIMBY. Amenities will be available on the eighth floor, including a landscaped deck that features two pools with cabanas, common areas, club rooms, spas, fitness centers, a basketball court, pickleball and racquetball courts, as well as rock climbing walls.

Florida’s construction sector maintains consistent pace

DNA Towers. Rendering courtesy of BH3 Management

In a prepared statement, BH3 Management Co-CEO Daniel Lebensohn compared the DNA Towers live-work-play project to L&L Holding Co. and Oak Row Equities’ The Wynwood Plaza, a 1 million-square-foot mixed-used project in Miami’s Wynwood Arts District, which is slated for completion in 2025.

According to Yardi Matrix information, Florida’s construction activity has maintained its pace, with the multifamily sector being able to push through obstacles at both national and local levels. The same data provider revealed that up until November of the current year, over 38,337 units had been completed in the state.

Additionally, there were more than 110,609 units under construction in the state at the same time, which accounted for approximately 11 percent of the national stock. The Southwest Florida Coast was among the top multifamily markets for construction activity, with 39 under construction as of the same time frame.

Earlier this year, a joint venture between Related Group, Tate Capital and Rok Enterprises Inc. unveiled plans to co-develop a master-planned site that would redevelop an underutilized section of Fort Lauderdale into the Bahia Mar mixed-use complex.