ReBusiness Online – Eden Multifamily Breaks Ground on $87M Apartment Community in North Miami Beach

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Eden Multifamily Breaks Ground on $87M Apartment Community in North Miami Beach

Downtown Fort Lauderdale’s real estate projects are not showing signs of stopping. The latest: A new 32-story rental tower is planned near Las Olas Boulevard.

Eden Multifamily, a development and real estate investment company led by Jay Jacobson, just submitted an application to the city to bring a 374-unit apartment building to 419 Southeast Second Street, according to the Sun-Sentinel. The site currently holds a parking lot.

The city’s development review committee will review the application for the $133 million project called Next Las Olas on Tuesday. More than 3,200 units are in various stages of the approval process in downtown Fort Lauderdale, the Sun-Sentinel reported.

If approved, the rental tower would have ground-floor retail and an eight-story parking garage, according to the application. Jacobson said he aims to get final city approval by the end of the year. The Coconut Grove-based developer added construction will begin four to six months after that, according to the Sun-Sentinel.

Reference: http://rebusinessonline.com/eden-multifamily-breaks-ground-on-87m-apartment-community-in-north-miami-beach/