Fort Lauderdale Waterfront Development Under Consideration

Posted by Eric Miller on Wednesday, March 2nd, 2016 at 8:11am.

Fort Lauderdale Waterfront Development

Our ongoing conversation about Fort Lauderdale Waterfront Development and property for sale along the Fort Lauderdale Waterfront would not be complete without discussing some of larger plans for Waterfront Fort Lauderdale Condominiums that will be in front of the City commission over the next few years. Very much a contrast as we discuss the beautiful neighborhoods where Waterfront Homes in Fort Lauderdale can still be bought is the prized large development sites of Fort Lauderdale Waterfront property that are a true rarity.

Bahia Mar - Home to the Fort Laudedale Boat Show

Recently in the Sun Sentinel one of the most valuable Fort Lauderdale Waterfront Development sites was discussed, the Bahia Mar site, the main home of the Fort Lauderdale Boat show. Though the article indicated that the final plans for this piece of Fort Lauderdale Waterfront are not ready to be submitted for approval, it did discuss the project as it was originally conceived.

Fort Lauderdale Waterfront Condominium

The original Fort Lauderdale Waterfront proposal called for two 39 story condominium towers, and the city commission asked to see a plan which involved smaller buildings. There is also a need for a tremendous amount of parking on this Fort Lauderdale Waterfront Development site. The tower as proposed could be the tallest tower ever built on Fort Lauderdale Beach. The property is owned by the City of Fort Lauderdale. The city’s request to see a smaller building, and yet have a great deal of parking on the site creates a unique a balancing act for any developer who needs to balance the scope of the project with the cost of leasing this waterfront land from the City of Fort Lauderdale. Land lease condominiums have become more common over the years with both Las Olas by the River and Nu River Landings as examples of Fort Lauderdale condominiums that involve land leases.  The land lease become part of the maintenance payments of the condominium owners but before any developer is going to step forward, the entire project needs to make sense in the Fort Lauderdale Condo market.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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