Fort Lauderdale, USA

New River Central

Type
Mixed-use multifamily and retail
Architecture
Dorsky + Yue International
Size
350,000 square feet (32,500 square meters)
Gross asset value
150 M $

New River Central: residential building in Fort Lauderdale

Bizzi & Partners has identified a unique opportunity in the heart of Fort Lauderdale, a booming city. As part of a strategy to invest in the U.S. multifamily sector, the firm has acquired four underdeveloped industrial buildings with the intent of transforming them into a modern 35-story residential high-rise with a total of 400 luxury apartments.

Property development in a vibrant market

Located in one of the city’s most dynamic areas, New River Central offers direct access to high-end restaurants, up-and-coming businesses and a vibrant nightlife. This residential development will represent the cutting edge of luxury living.

Location privileges

Fort Lauderdale offers a litany of economic and demand drivers including sizable infrastructure investments, significant employment growth, and a thriving core of large and small businesses. New River Central is a residential building strategically located to attract those seeking to take advantage of these strong drivers with proximity and accessibility to the Downtown lifestyle.

The urban oasis, between Florida and Fort Lauderdale

In addition to offering the newest and highest quality finishes among rental buildings in the area, New River Central residents will enjoy around 20,000 square feet of exceptional amenities including an outdoor pool, lounge, yoga room, and fitness center. The building’s leasing program and pricing will be one of the most competitive for the area. Furthermore, 5,500 square feet of ground-floor retail coupled with proximity to top retail, restaurants, and nightlife will offer residents an urban oasis lifestyle unlike any other in Southern Florida and Fort Lauderdale. Views of the Miami skyline can be observed from the residential building residents, now enjoying the access to Miami in 30 minutes via the Brightline High-Speed Train.

Tranquillity, accessibility and development

As a residential building, New River Central positions itself in an optimal location in terms of transportation, lifestyle, and safety. The site is located a short 20 minute drive from the newly revamped Fort Lauderdale International Airport (ranked 21st in the U.S. for total passenger traffic), where a $2.4 billion in runway additions and terminal expansion/modernization has recently been completed. The Bright-Line High-Speed Train (located 0.9 miles from New River Central) now shuttles passengers to Miami from Downtown Fort Lauderdale in 30 minutes. Local amenities and services are minutes from the development, with major commercial and entertainment arteries such as the Las Olas Boulevard, Broward Center of Performing Arts, and Broward Health Medical Center all located within two miles of the site. In addition, New River Central is located outside of flood zones to ensure residents’ peace of mind and safety. New River Central redefines residential luxury, offering the perfect balance of modernity, comfort and affordability in one of the most promising housing markets in the United States.

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