ZOM Living has closed on the purchase of a 3.16-acre downtown Fort Lauderdale parcel, and will break ground in the coming months on Las Olas Walk, 456 apartment homes to be housed in two eight-story buildings connected by air-conditioned walkways.
The project will include 14,000 sq. ft. of “private resident amenities on the ground floor.”
“Adjacent to the amenity areas and enveloping the canal will be a large courtyard that is anchored by a resident pavilion with outdoor bar and lounge. Extending above the canal will be a deck and floating dock which will give residents the opportunity to experience the water via paddle board or kayak, “a news release says. “In addition to the ground floor amenities, an expansive 20,000 sq. ft. rooftop deck will be located on the 8th level of the South Building and provide residents with expansive views of the New River, downtown Fort Lauderdale and the beaches.”
“As national trends indicate a rebirth in urban living, downtown Fort Lauderdale is poised to experience a significant increase in residential population,” Kyle Clayton, ZOM’s development executive for Florida, said in a statement. “ZOM is excited to be part of this resurgence and continue to feed into the live-work-play vision.”
The first units will be delivered in early 2020. Construction financing was provided by PNC Bank and Santander Bank.