Dependable Equities Secures $54M Pre-Construction Loan for Fort Lauderdale Towers

• Dependable Equities secured a $54 million pre-construction loan from CDK Capital for two mixed-use towers in Fort Lauderdale.
• The projects are planned for 101 SE 7th St. and 633 SE 3rd Ave., just south of the New River near Las Olas Boulevard and Downtown Fort Lauderdale.
• The 45-story and 47-story towers will span nearly 2 million square feet and include approximately 1,460 condominium and multifamily residences.
• Plans also call for roughly 14,000 square feet of ground-floor commercial space.
• ODA designed both skyscrapers, with construction expected to begin in early 2028.

What the $54 Million Loan Will Support

Dependable Equities, the South Florida division of Sky Equity Group, secured a $54 million pre-construction loan from CDK Capital to advance two planned mixed-use skyscrapers in Fort Lauderdale. The financing will support planning and pre-development work for a 45-story tower at 101 SE 7th St. and a 47-story tower at 633 SE 3rd Ave. Daryl Hagler and Allen Weinstein of CDK Capital arranged the financing, with Valley National Bank participating in the loan.

What the Two Developments Will Include

Combined, the two projects are planned to span nearly 2 million square feet and deliver approximately 1,460 condominium and multifamily residences. The developments will also include roughly 14,000 square feet of ground-floor commercial space. Both sites are located south of the New River near Las Olas Boulevard and Downtown Fort Lauderdale. Construction is anticipated to begin in early 2028. Development costs and estimated completion dates have not been announced.

What ODA Designed at 101 SE 7th Street

ODA designed the 45-story tower at 101 SE 7th St. with staggered, vertically fluted forms intended to create a sculptural façade. Tubular building sections along the south and west sides will create upper-level terraces, while recessed areas will extend outdoor living spaces. The podium will feature vertical aluminum fins designed to add texture along the street and provide shade for pedestrians.

What ODA Designed at 633 SE 3rd Avenue

The planned 47-story tower at 633 SE 3rd Ave. will feature stepped, rounded building forms that reduce the appearance of the tower’s mass as it rises. The design alternates between curved glass façades and wraparound balconies. Setbacks and double-height openings will create rooftop amenity decks throughout the building. Plans also include a large corner plaza, active pedestrian walkways and a three-dimensional parking screen lined with residential units to create a more engaging street-level environment.

What the Financing Means for the Development Team

The loan advances Dependable Equities’ growing development pipeline in South Florida and brings the company’s Fort Lauderdale portfolio to more than 2,200 residences across projects in various stages of development.

“This pre-construction financing reflects the confidence our capital partners have in our vision and development approach as we continue expanding our presence across South Florida,” said Simon Dushinsky, founder and CEO of Sky Equity Group.

Dependable Equities launched sales for Ombelle Fort Lauderdale, its first South Florida project, in 2024. The condominium development includes fully furnished residences and approximately 100,000 square feet of indoor and outdoor amenities.