The Real Deal – Eden Multifamily plans for a 32-story rental tower in downtown Fort Lauderdale

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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: https://therealdeal.com/miami/2017/08/08/eden-multifamily-proposes-plans-for-a-32-story-rental-tower-in-downtown-fort-lauderdale/