PMG Tops Off on Society Las Olas Phase 2

Key Points

• Sky High: Phase 2 of Society Las Olas has topped off at 42 stories, adding 563 apartment units to the development.
• Downtown Giant: Combined with Phase 1, the project will offer approximately 1,200 residential units in downtown Fort Lauderdale.
• On Track: Completion is slated for early 2026, with construction having commenced in summer 2023.

The skyline of downtown Fort Lauderdale is set to transform further as Society Las Olas Phase 2 reaches its structural peak. This milestone brings the ambitious two-phase residential project closer to delivering a total of around 1,200 units, reinforcing the city’s urban residential growth. 

Society Las Olas: A Closer Look 

• Phase 1: Completed in 2020, this tower comprises 639 units and was sold in 2021. It has since been rebranded as Flow Fort Lauderdale.
• Phase 2: Recently topped off at 42 stories (approximately 450 feet), this tower will add 563 units to the development.
• Timeline: Construction for Phase 2 began in summer 2023, with completion expected in early 2026.

Development Team & Design 

• Developers: PMG and Greybrook are co-developing the project, bringing substantial experience in large-scale residential developments.
• Architect: FSMY is responsible for the architectural design, contributing to Fort Lauderdale’s evolving skyline.
• General Contractor: John Moriarty & Associates is overseeing construction, ensuring the project’s timely progression.

Market Impact & Investor Insights 

• Urban Growth: The addition of approximately 1,200 units aligns with Fort Lauderdale’s trend toward increased urban residential density, catering to a growing population seeking downtown living.
• Rental Market: With the influx of new units, landlords and investors should monitor potential impacts on rental rates and occupancy levels in the area.
• Economic Boost: The development is expected to contribute to the local economy, both during construction and upon completion, through job creation and increased consumer spending.

The topping off of Society Las Olas Phase 2 marks a significant milestone in Fort Lauderdale’s urban development. As the project moves toward its anticipated completion in early 2026, stakeholders should stay informed about market dynamics and opportunities arising from this substantial addition to the city’s residential offerings.