Developer proposes 32-story condo in Fort Lauderdale

A developer wants to build a 32-story condo tower near downtown Fort Lauderdale.

Third Avenue Development, an affiliate of Sunny Isles Beach-based Taho Group, proposed constructing 217 condos and 3,200 square feet of restaurant space at 401 N.E. 3rd Ave., which is just north of downtown and west of the Flagler Village area. The project would total 481,570 square feet with 374 parking spaces. Six of units on the first floor would be live/work.

The project would be the only high rise on its block. Most of the condos planned or under development in Fort Lauderdale are on waterfront sites.

It acquired the 30,625-square-foot lot out of foreclosure in 2013 for $850,000.

Taho Group is led by managing members Itay Avital and Lior Cohen. According to its website, it attracts capital from both local and foreign investors. It already owns a handful of apartment properties in South Florida.

The developer is working with FSMY Architects & Planners and Crush Law on the Fort Lauderdale condo.

Taho Group plans a 32-story condo in Fort Lauderdale.

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Story by: Brian Bandell – Apr 15, 2015, 10:09am EDT
Photo Courtesy: Biz Journals

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