Wood Partners Opens Fort Lauderdale Community
1 min read
The developer broke ground on the 310-unit luxury asset in late 2016, financing the project with a $58 million construction loan from BMO Harris Bank.
Wood Partners has opened Bask, a 310-unit luxury multifamily asset in Fort Lauderdale, Fla. BMO Harris Bank provided $58.3 million in construction financing, with the loan set to mature in 2020.
The developer broke ground on the development in late 2016, shortly after acquiring the project site from a private investor for $12.4 million, according to public records. In August, Wood Partners opened a 223-unit luxury community in Phoenix.
Located at 1919 S.E. 10th Ave., the community is situated next to the 250,000-square-foot grocery-anchored Harbor Shops. Additional shopping and dining options are in the immediate area, as are two hotels. The property is within 3 miles of Fort Lauderdale-Hollywood International Airport and the intersection of interstates 95 and 595, with public transportation a five-minute walk north.
The eight-story Bask contains a mix of one- and two-bedroom apartments, with unit floorplans ranging from 853 to 1,219 square feet. Community amenities include a fitness room with a yoga studio, a swimming pool, pet spa, common area Wi-Fi and co-working and flexible office space. Additionally, a parking garage with electric vehicle charging stations is located on-site.
Kast Construction served as the general contractor for the project, designed by architecture firm Power Design.
Image courtesy of Wood Partners