Newgard Development Group has recently acquired a new development site in downtown Fort Lauderdale to build a significant residential development in the future. The 200 W. Broward Blvd. site spans 1.08 acres and is designated for residential use. The piece of land is meant for a 49-story building that will house 381 residential units, 8,256 square feet of commercial space, and 426 parking spaces. The developers have announced that they will unveil their plans for the future development of the land in the coming months.
“This was a fantastic opportunity to acquire a prime development site in downtown Fort Lauderdale,” Harvey Hernandez says, CEO of Newgard, a real estate company known for developing lifestyle residential projects in the Southeast, including a dozen condominium projects in South Florida. “The area has such strong fundamentals, with continued demand from people who want to move to the city’s urban core. We plan to bring our expertise to the market and leverage our successful experience delivering first-class projects in Fort Lauderdale.”
Newgard’s Gale Residences & Hotel development in Fort Lauderdale Beach significantly transformed the area from a popular Spring Break destination to a year-round attraction. By appealing to buyers from various regions, including Latin America, the Northeast U.S., and South Florida, the development helped revitalize the neighborhood. Additionally, the project introduced a unique flexible ownership concept that has since been adopted in other areas of Florida and Texas.
Newgard is developing a 44-story condominium development called LOFTY Brickell in Miami’s Brickell district, located on the Miami River. The project has sold more than 94% of its units, with only a few premium penthouses still available, starting at $2 million.
Photo cutline: Overview map of 200 W. Broward development site