Final TCO Issued for Gables Riverwalk in Downtown Fort Lauderdale — 43-Story Tower Ready for Move-Ins

Key Points

• The 43-story, 493-foot tower at 333 N. New River Drive E has officially received its final Temporary Certificate of Occupancy (TCO).

• Developed by Gables Residential and built by KAST Construction, the project includes 295 units totaling roughly 587,000 square feet.

• Monthly rents range from $3,644 to $8,229 for one- to three-bedroom apartments spanning 776 to 2,130 square feet.

Gables Riverwalk, the newest addition to downtown Fort Lauderdale’s skyline, is complete and ready for residents. The luxury rental tower along the New River has received its final TCO, marking the official completion of one of the city’s most anticipated multifamily projects. 

Project Overview

Located at 333 North New River Drive East in the Las Olas district, Gables Riverwalk rises 43 stories and 493 feet, bringing 295 new luxury units to the market. The project was developed by Gables Residential, with KAST Construction serving as general contractor. Designed by Borges Architects & Associates with interiors by ID & Design International, the tower delivers a contemporary glass façade accented with wood tones, recessed terraces, and clear balcony railings.

Units range from 776 to 2,130 square feet, offering one-, two-, and three-bedroom layouts. Rents start at about $3,600 and climb to over $8,000 for premium residences. Each home features high-end finishes, quartz countertops, Italian marble backsplashes, custom closets, and smart-home technology.

Amenities include a double-height lobby with concierge and valet, a grab-and-go market, dog wash, private offices, and a conference room. The seventh floor is devoted to wellness, featuring a yoga studio, spa lounge, salt room, sauna, and outdoor pool deck with cabanas and a wet bar. Higher floors add a 16th-floor bar and outdoor lounge, while the rooftop offers a landscaped sun lawn with panoramic views of downtown and the Intracoastal.

Why It Matters for Investors and Landlords

Strengthening Fort Lauderdale’s Luxury Rental Market
With nearly 300 high-end apartments, Gables Riverwalk raises the bar for downtown multifamily living. Its pricing and design reflect the city’s shift toward urban luxury and waterfront convenience, setting new rent benchmarks for nearby landlords.

Strategic Timing Amid Market Tightness
Delivering a large luxury project in today’s higher-cost environment demonstrates long-term confidence in Fort Lauderdale’s rental fundamentals. Institutional developers like Gables Residential are betting on sustained demand from professionals seeking downtown living.

Amenity Arms Race Continues
For local owners and operators, this project reinforces the growing need for amenities that blend wellness, work-from-home features, and leisure. Expect nearby landlords to upgrade offerings to compete.

Key Watch Points

• Lease-Up Pace: With 295 units entering the market, early absorption rates will be critical to gauge demand.

• Rent Comps: The project’s high asking rents could influence future appraisals and comparable valuations downtown.

• Operating Costs: Luxury amenities may elevate ongoing expenses, tightening profit margins if rent growth softens.

The completion of Gables Riverwalk marks a major milestone in Fort Lauderdale’s urban expansion. Its strong pricing, top-tier amenities, and waterfront location position it as a premier address in the city’s evolving rental market. For landlords and investors, it’s a clear signal that luxury demand downtown remains robust and well-capitalized.