Moore Group Proposes 20-Story Luxury Condo Tower in Ft. Lauderdale

A New York-based developer, Moore Group, is planning to build a 20-story boutique condominium tower named Amalfi near Fort Lauderdale’s waterfront. The proposal reflects the ongoing surge in development projects across South Florida.

Project Details

The proposed Amalfi condo tower will feature 38 units, designed by Kobi Karp, ranging in size from 2,632 to 3,762 square feet. The development site, located at 2317-2237 North Ocean Boulevard, spans 0.8 acres and was acquired by Moore Group through an affiliate for $5.5 million over several transactions in 2021 and 2022. The site currently houses a combination of 13 apartments across one-story and two-story buildings, as well as two single-family homes.

South Florida’s Resilient Luxury Condo Market

Despite a nationwide real estate slowdown due to rising interest rates, South Florida’s luxury condo market continues to thrive. Developers in the region have been successful in securing construction financing and maintaining steady sales.

Notable Projects in the Region

Several prominent condo projects in South Florida highlight the market's strength. The Pérez family’s Related Group, the Toledano family’s BH Group, and billionaire investor Teddy Sagi secured a $400 million construction loan for the Residences at Six Fisher Island in Miami Beach, a 10-story building with 50 units. In Miami’s Edgewater neighborhood, Vertical Developments and Urban Network Capital Group are collaborating with luxury fashion and media company Elle to develop a 25-story, 180-unit condo tower at 3618 Northeast Fifth Avenue. In Fort Lauderdale, Heafey Group refinanced its loan with $80 million for the 24-story Conrad Fort Lauderdale Beach condo-hotel, which opened in 2017 and includes 290 suites, condos, and condo-hotel units.