Dependable Equities is proposing a 47-story rental tower in downtown Fort Lauderdale, adding to the Brooklyn developer’s pipeline of projects.
The plan by Dependable Equities, led by Isaac Schlesinger and Rabsky Group co-owner Simon Dushinsky, will go before the Fort Lauderdale Development Review Committee Tuesday. The developer is seeking site plan review approval for the proposed project at 633 Southeast Third Avenue.
Renderings of the apartment tower in downtown Fort Lauderdale (ODA Architecture)
The nearly 530-foot building would include 830 apartments, about 13,000 square feet of commercial/retail space, over 950 parking spaces and nearly 20,000 square feet of open space, according to the developer’s application. The residential units would start at 400 square feet. ODA, led by founder Eran Chen, is designing the plans.
It could mark the tallest tower in Fort Lauderdale, surpassing 100 Las Olas, which is just under 500 feet tall.
Dependable Equities affiliate South of River Association LLC paid $22.9 million for the 1.7-acre property in June, records show.
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The developer is also working on plans for an 1,100-unit, 1.5-million-square-foot luxury rental project in Fort Lauderdale called Ombelle, with two 43-story towers. ODA is also designing that development.
Renderings of the apartment tower in downtown Fort Lauderdale (ODA Architecture)
More than 40 projects with 15,000 condos and rental units are in the works in downtown Fort Lauderdale, adding to thousands of others that have been built over the past several years.
Last month, Fort Lauderdale approved plans for developers Steven Hudson and Charles Ladd Jr.’s 30-story, 320-unit Flagler Residences South building at 513-517 Northeast Sixth Street in the city’s Flagler Village neighborhood.
Renderings of the apartment tower in downtown Fort Lauderdale (ODA Architecture)
Aimco, a Denver-based apartment real estate investment trust, has also been assembling land for its 3 million-square-foot Flagler Village development, north of another Aimco development site that it bought in a joint venture with New York-based Kushner Companies.