Simon Dushinsky Secures $50.55 Million Predevelopment Loan For Ombelle Fort Lauderdale With Equinox Tenant
300 Northeast 3rd Avenue
$50,550,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 13, 2026
AI
The mixed-use asset located at 300 Northeast 3rd Avenue in Fort Lauderdale consists of 775 units and is currently undergoing predevelopment. The property has secured a loan amounting to $50,550,000 to aid in its development efforts.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $50,550,000
- Lender: Katie Goldenberg, Dustin Braham & Grant Heilman - Dwight Mortgage Trust
- Landlord: Simon Dushinsky
- Landlord's Representative: Steven Hersko - SHB Group
Ombelle Fort Lauderdale is being developed by Brooklyn-based Dependable Equities, with Equinox as its newest tenant. The 35,000-square-foot lease within the property will house Equinox's fitness programming and premium amenities, contributing to the lifestyle offerings available at the development.
Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93