OceanLand's Sixth&Rio Rises in Fort Lauderdale with $96M Backing

Key Points

• $96M in financing secured, led by Southern Realty Trust ($60M) and syndicates including Sunrise Realty Trust and Invictus Real Estate Partners

• Construction advances at the 8-story, 94-unit luxury condo—glazing underway, rooftop amenity deck in progress

• Located in Fort Lauderdale’s Rio Vista, units range from $900K to over $3M, targeting affluent relocators and downsizers

Boutique Tower, Big Ambitions

OceanLand Investments is making visible progress at Sixth&Rio, a high-end boutique condominium at 501 SE 6th Avenue in Fort Lauderdale’s Rio Vista neighborhood. With the superstructure now fully formed and window glazing in progress, the project is pivoting toward cladding and interior work ahead of its 2026 delivery.

Financing + Development Team

• Developer: OceanLand Investments (via 501 Aviva Owner, LLC)

• Design: FSMY Architects + Planners

• Interiors: Italkraft

• GC: Stiles Construction

• Financing: $96 million total

  • $60 million from Southern Realty Trust Inc.

  • $36 million from Sunrise Realty Trust and Invictus Real Estate Partners

OceanLand acquired the site in 2021 for $11.3 million, terminating a prior condo association to unlock the land.

Construction & Design Progress

• Reinforced concrete structure is complete

• CMU walls are nearly finished across all floors

• Glazing underway on the eastern elevation (2nd–4th floors)

• Mechanical/amenity deck now being formed for the rooftop sky terrace

The curved balconies—mimicking the bend of the nearby New River—create an undulating architectural façade that reflects both French Art Nouveau and South Florida Art Deco influences.

Product & Market Positioning

• 94 luxury residences, including townhomes and four penthouses

• Layouts: one to three bedrooms, with floor-to-ceiling glass and high-end finishes

• Kitchens: Sub-Zero and Wolf appliances, Swiss-made Franke fixtures

• Primary baths: Brizo hardware

• Pricing: $900,000 to over $3 million

• Target buyer: Affluent relocators and empty nesters moving from suburbs to urban waterfronts

The indoor-outdoor design, curved balconies, and natural light play a big role in positioning this property as high-end, modern, and livable.

Amenity-Driven Urban Living

Sixth&Rio isn’t just about the units—it’s designed to support a car-free, amenity-rich lifestyle, emphasizing walkability and access to Fort Lauderdale’s Riverwalk and Las Olas.

On-site amenities include:

• Rooftop infinity-edge pool with sky terrace

• Cabanas, dining areas, and lounge zones

• Fitness center, coworking suite, and conference rooms

• Resident clubroom with wine bar and pool table

• Speakeasy-style owners’ lounge

• Landscaped tropical lounges

• Steps from the Water Trolley dock, linking to downtown

Investor Insight

Sixth&Rio offers a unique blend of boutique scale with high-rise amenity perks, right in the heart of a walkable and upscale Fort Lauderdale enclave. For investors, it demonstrates:

• Strong market confidence with institutional backing

• A clear appeal to wealth migration into South Florida

• High design differentiation in a constrained condo supply environment

But there are risks: timeline delays, price sensitivity above $3 million, and absorption challenges in a competitive luxury landscape.

Bottom line: OceanLand’s bet on waterfront boutique luxury—with sharp design, robust amenities, and financial muscle—positions Sixth&Rio to be a standout in Fort Lauderdale’s next wave of residential development.