Gale Fort Lauderdale begins demolition and site work
April 12, 2016
129 unit project in Fort Lauderdale Beach is more than 60 percent sold
Newgard Development Group has begun demolition and site work for the Gale Residences Fort Lauderdale Beach.
Newgard started knocking down the existing buildings on the hotel and condo development site last week with an official groundbreaking to be held sometime over the next three months, according to a spokesperson. Crews are clearing the lot to make way for vertical construction.
There, the developer will build the 129-unit, 12-story project, which is currently more than 60 percent presold after launching sales in March 2015. Units range from 800 square feet to 2,100 square feet with prices starting in the $400,000s, according to a press release. When completed, the condos will include gourmet kitchens, walk-in closets, floor-to-ceiling windows and smart-home technology.
ONE Sotheby’s International Realty is handling sales for the $120 million project. The Gale, at 2900 Riomar Street and 410 Bayshore Drive, will have a rental program as well.
The property, designed by West Palm Beach-based Garcia Stromberg, will include a sunset lounge and deck on the eighth floor, a swimming pool with Intracoastal views, a gym and private movie theater. Newgard will also incorporate a retail or restaurant tenant in the ground floor. Urban Robot Associates, a Miami Beach firm, is the interior designer, according to the release.
Dev Motwani’s Merrimac Ventures is a partner on the project, and Menin Hospitality will manage the former Escape Hotel when it opens as the Gale. The hotel component will be next to the 12-story condo tower.
– See more at: http://therealdeal.com/miami/2016/04/12/gale-fort-lauderdale-begins-demolition-and-site-work