By Robyn A. Friedman
Fort Partners, the Miami-based developer of Four Seasons Private Residences Fort Lauderdale, expects to break ground on the 90-unit project at 525 N. Fort Lauderdale Beach Blvd. in the first quarter of 2018 and complete it by December 2019.
Meanwhile, sales have begun. “We have just crossed the 35 percent hard-contract level, and activity is so strong we have been traveling back and forth to New York to close deals since we are getting so many buyers from the Upper East Side,” says Dan Teixeira, senior director of luxury sales for Douglas Elliman Real Estate, which is representing the Four Seasons. Buyers are coming from Canada and London as well, he says.
Although Teixeira won’t release specifics on the pricing of units under contract, he did say that several units have sold for more than $2,000 per square foot. Current prices for available units range from $2.5 million to $14 million.
Of the 90 residences at the Four Seasons, 42 are unfurnished units ranging from 2,000 to more than 6,100 square feet. These units will be delivered decorator-ready and will feature expansive terraces with ocean and city views; floor-to-ceiling windows; Miele, Wolf and Sub-Zero appliances; custom European cabinetry; and access to the hotel services of the adjacent Four Seasons hotel. There are also 48 furnished one- to three-bedroom units ranging from 781 to more than 2,223 square feet. These fully furnished units, designed and appointed by Tara Bernerd, will be delivered “toothbrush-ready,” Teixeira says.
Amenities at the project include a spa, fitness center, two pools with cabanas, a signature restaurant, indoor-outdoor brasserie with adjacent pool bar, concierge and beach butler.
Since many buyers at the Four Seasons are coming from outside the United States, the development recently launched a Global Ambassador Program with exclusive brokers in New York, Chicago, Boston, Canada, Colombia, Mexico and across Europe. In addition, Four Seasons Private Residences Fort Lauderdale is a presenting sponsor of the current Frank Stella exhibition at the NSU Art Museum Fort Lauderdale.
“I’m so proud that very traditional buyers from the Upper East Side, who would in the past only consider Palm Beach or parts of Miami like Fisher Island, are relocating to Fort Lauderdale,” Teixeira says. “It’s because of the art scene, the infrastructure, the Riverwalk, the airport accessibility, the fine hotels on the beach and this whole village atmosphere. Fort Lauderdale is on the map.”
For more information, call 954-324-2489 or visit fort525residences.com.