Property Markets Group (PMG) has announced plans to demolish a co-op development in Fort Lauderdale and replace it with an 18-story luxury condo project. The current structure, located at 900 Intracoastal Drive, will be replaced with a high-end residential building featuring 44 units starting at $2.9 million.
The co-op project, originally built in 1957, was recently acquired by PMG who intends to create spacious living spaces ranging from two-bedroom units of approximately 2,754 square feet to three-bedroom units with an office space totaling up to3 ,185 square feet. Each unit will boast impressive features such as high ceilings measuring ten feet tall and terraces equipped with summer kitchens and clear glass railings.
According to reports from the South Florida Business Journal,the new development will offer over17 ,000 square feet of amenities including a wellness spa complete with steam room and sauna facilities,a state-of-the-art fitness center,a waterfront pool accompanied by a café area,and various other luxurious features like private cabanas for residents’ enjoyment.The lounge area also includes catering kitchen services while the children’s playroom provides entertainment options for young families.
The design work for this highly anticipated project has been entrusted into the capable hands of Fort Lauderdale-based FSMY Architects.PMG is also currently involved in another major development -the Walford Astoria Hotel & Residences located in Miami- which further solidifies their expertise within this industry.
This upcoming transformation marks yet another exciting additiontoFortLauderdale’s ever-evolving real estate landscapeandis sureto attract attentionfrom potential buyers seeking upscale living optionsinthis vibrant city.
