- For sale
Colliers, as exclusive listing brokers, is pleased to present the opportunity to acquire the New River Central Development Site, a premier and fully entitled multifamily opportunity in Downtown Fort Lauderdale. The property consists of six parcels totaling 42,749 square feet (0.98 acres) located at 100 SW 6th Street, Fort Lauderdale. The offering is a rare opportunity to acquire and immediately develop a shovel-ready, 400 unit Class A multifamily project in a highly desirable Downtown Fort Lauderdale location just south of the river.
The site is centrally located on a full city block directly on the train tracks and SW 6th Street, just 2 blocks away from the river and 5 minutes away from Downtown Fort Lauderdale. The site sits off South Andrews Avenue, which is one of Downtown Fort Lauderdale’s main arteries connecting Tarpon River, Downtown Fort Lauderdale, Himmarshee and Flagler Village. The property is located directly adjacent to a Publix supermarket and is within walking distance to many of Fort Lauderdale’s main attractions including Downtown Riverwalk Park, the Wharf, and Himmarshee districts with lively nightlife and restaurants, the financial district in Downtown and many coworking, gyms and social spaces. The property is also a 5 minute drive to Las Olas Boulevard with world-renowned beaches and dining options. The nearby Brightline Station north of the river also provides connectivity to future residents of the building to Downtown Miami and Downtown Palm Beach.
The site is currently zoned RAC-CC, the most open and pro-development designation in Fort Lauderdale allowing for high density development of multiple uses. The subject property is fully entitled and shovel-ready for a 350’ high tower including 400 residences, 4,198 square feet of retail space, a parking garage with 463 spaces and a 31,239 SF ultra luxury amenity deck. The property is ready for immediate development, saving about 12-15 months of approval period.
The New River Central development site is a very rare offering that gives developers the opportunity to break ground immediately and be part of the growth of Downtown Fort Lauderdale.