Ocean Land Set to Begin Work on Fort Lauderdale Condos
- Mar 11, 2014
Fort Lauderdale—Two smoke-free condo projects that recently received city approval from Fort Lauderdale, and which will start construction this spring, have unveiled their designs. The two developments are AquaLuna and 1800 Las Olas Blvd., both of which were designed by Adache Group Architects.
Lightly tinted glass at the ground level will allow pedestrians to see through the buildings’ lobbies and maintain a visual connection with the water, according to Adache. Other design features include translucent arch trellis canopies, terraced landscape areas, and Zen gardens with Royal Palms. The exterior will sport a combination of flagstone and wood.
The properties are being developed by Ocean Land Investments. Known for its high-end oceanfront properties, the company’s other South Florida projects include Aquazul in Lauderdale-by-the-Sea, Trump Hollywood in Hollywood Beach, 2080 Ocean Drive in Hallandale, and the Ritz Carlton Residences in Singer Island.
AquaLuna, on Isle of Venice Dr., will feature 16 three-bedroom, two-bathroom residences ranging from 2,500 square feet to 2,700 square feet. Private balconies and outdoor terraces — varying from 570 square feet to 1,400 square feet — will offer views of the water and Fort Lauderdale’s skyline. Each residence at the five-story condo building will come with a boat slip and two parking spaces. Penthouses will have their own private rooftop terraces.
On a smaller scale, 1800 Las Olas Blvd. will include eight residences, each with its private boat slip. Overlooking the boulevard, residences will range from 2,100 square feet to 2,500 square feet and consist of three bedrooms, two-and-a-half bathrooms, as well as private balconies. Both buildings are located on deep-water canals, and will provide access to the Intracoastal Waterway.
Demand for condos in Fort Lauderdale has been strong recently, driving up prices. According to Douglas Elliman’s fourth quarter 2013 sales report on the market, the average sales price for a Fort Lauderdale condo was about $342,800 in Q4 2013, up 17.4 percent from the last quarter of 2012. The average number of days units are on the market has dropped from 120 at the end of 2012 to 102 days at the end of 2013.