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Fort Lauderdale Real Estate
The Greater Fort Lauderdale area has experienced a much-welcomed growth spurt in the last fifteen years. The city has transformed from a typical beachfront strip into a viable economic metropolis. Gone are the days when spring break brought over 300,000 college students to town, partying and wreaking general havoc.
The city instituted strict ordinances in 1985 that have aided in its transformation by controlling the crowds and deterring the revelers from descending en masse. As a result, the area now attracts a well-mannered, sedate crowd, and that crowd includes serious business ventures. Fort Lauderdale is also known for impressive cultural and entertainment offerings, and has a very successful tourist trade as well. The downtown area is flourishing due to all types of business, and many new developments are in progress. The famous Las Olas Boulevard is getting a new addition on the corner of 5th Avenue in the form of the new Las Olas City Centre. This 23-story beauty will contain offices and retail space. The Bank of American will occupy 80,000 square feet of the 411,000 square foot building.  JPI, a national residential developer, is constructing a versatile site. The building will contain 225 residential apartments, the ground floor will host retail sites, and the buildings own garage with 400 parking spaces. Another multi-purpose project is being built by Nuevo Development on Andrews Avenue in the Flagler Heights area, which will offer 14,000 versatile square feet of retail space, occupying the ground level. The second floor will consist of commercial lofts for sale, and the other floors will house rental lofts for retail and residences.Summit Las Olas is a luxury apartment complex being built. This building will be a conveniently located residence with over 400 units throughout the 16 floors. Floor plans include studios and one, two, and three bedroom units. For the pampered lifestyle, a new development called Riverhouse, located along the New River, will provide condominiums in an impressive 42-story high-rise, offering a multi-story spa, fitness center, and riverside dining. This gorgeous building will be the tallest in the downtown. The scope of these new developments serves to illustrate the incredible growth and success of the Fort Lauderdale area, embracing its growth and a very bright future.
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