Related, BH Group & Pebb Plan 33-Story Tower with Affordable Housing on Fort Lauderdale Waterfront

Key Points:

• 521 Apartments: The proposed 33-story tower will have 521 units, 40% of which will be designated for affordable and workforce housing.​

• Public Plaza: Plans include demolishing two office buildings to create a waterfront public plaza, which would enhance community access.​

• Strategic Location: The development aims to capitalize on its prime location near Port Everglades, the Broward County Convention Center, and the Pier Sixty-Six Hotel & Marina.​

In a significant move for Fort Lauderdale's real estate landscape, Related Group, BH Group, and Pebb Enterprises have unveiled plans to redevelop The Quay at 17th Street into a 33-story mixed-use tower. This project will introduce 521 residential units, with a substantial portion dedicated to affordable and workforce housing, aligning with Florida's Live Local Act. 

Project Overview:

• Residential Composition: The development will offer a mix of studios, one-, two-, and three-bedroom apartments to accommodate diverse housing needs.​

• Commercial Space: Approximately 4,983 square feet of commercial space is planned to enhance the area's retail offerings.​

• Parking Facilities: The 758 parking spaces are designed to accommodate residents and visitors and address urban parking challenges.​

Strategic Significance:

• Affordable Housing Initiative: By allocating 40% of the units to affordable and workforce housing, the project leverages the Live Local Act to expedite approvals and address housing affordability.​

• Enhanced Public Access: The creation of a waterfront public plaza aims to provide communal spaces, promoting social interaction and community engagement.​

• Economic Impact: The development is poised to stimulate the local economy through job creation and increased commercial activity, benefiting businesses and residents alike.​

Developer Collaboration:

• Proven Partnership: This venture marks the third collaboration between Related Group, BH Group, and Pebb Enterprises, following successful projects in Boca Raton and Singer Island, demonstrating a track record of impactful developments.​

The proposed redevelopment of The Quay at 17th Street represents a forward-thinking approach to urban development, integrating residential, commercial, and public spaces. By prioritizing affordable housing and community amenities, this project enhances Fort Lauderdale's skyline and contributes to its socio-economic vitality. Investors and stakeholders should monitor this development closely, as it exemplifies the evolving dynamics of waterfront real estate in South Florida.