OneWorld Properties is the firm tasked by the Kolter Group to manage the sales of their property called 100 Las Olas. It is a mixed-use condominium tower that is proposed to be built in the downtown area of Fort Lauderdale.
The firm together with Kiolter will be opening their sales center at the start of 2017 while the construction is scheduled to begin at the first quarter of the same year. This is according to Peggy Fucci, the president and CEO of OneWorld.
They recognize that the timing of the launch of the project will be set at a market status that is currently experiencing slowdown. Fucci shared that there is currently a high demand for luxury condominiums located in the downtown part of Fort Lauderdale. After a decade of standstill, the market will once more be welcoming its first project since the last ten years ago. Fucci added that with her experience in projects in Fort Lauderdale, she knows that the city is operating on its own pace. Compared to Miami, Fort Lauderdale is less affected by the downshift in the property market. OneWorld is also the one handling Paramount Fort Lauderdale Beach which is also for sale. Currently, the property has only a dozen available units. Another project they are handling is the Paramount Miami Worldcenter and they have already sold around 55 per cent of the entire units.
The prices of the unit available at 100 Las Olas will have a minimum price of $800,000 and the average price of the units at 100 East Las Olas Boulevard will be around $650 for every square foot with it having 121 units and 45 storeys. This will be the tallest building to be built in Fort Lauderdale with a height of 499 feet. Kolter is also planning to build a lifestyle hotel in the area with 238 guest rooms, meeting room, and restaurant and bar at the lobby area. Third party dining can be found in the 8,500 retail space allocated for retail.
You might be able to see these new properties in your next travel to Fort Lauderdale Florida.