An application requesting approvals for the assemblage of a 710-foot-tall tower crane has been submitted to the Federal Aviation Administration on August 2, 2021 for 333 North New River Drive East, the development site for the 43-story Riverwalk Residences of Las Olas in Fort Lauderdale. Designed by Borges + Associates Architects and being developed by Atlanta-based Gables Residential, the mixed-use building is planned to rise 493-feet and yield approximately 670,000 square feet including 295 luxury residential units, 1,300 square feet of ground floor retail and as many as 340 parking spaces.
![Proposed Case. Courtesy of the FAA.](https://floridayimby.com/wp-content/uploads/2021/08/Screen-Shot-2021-08-11-at-2.30.40-AM.png)
Proposed Case. Courtesy of the FAA.
Gables Residential purchased the property for $33.16 million in June of 2021 from former owner Ocean Land Investments. State records show the two parties behind the sale/purchase of the 32,991-square-foot site are affiliate companies of the developers: Riverwalk Plaza Associates LLC (the seller) managed by Ocean Land and Lion Gables Realty (the buyer) managed by Gables Residential. The site is currently occupied by a smaller office building, and will be demolished to make way for the 43-story tower.
![Riverwalk Residences. Designed by Borges + Associates Architects.](https://floridayimby.com/wp-content/uploads/2021/08/UKihWci.jpeg)
Riverwalk Residences. Designed by Borges + Associates Architects.
![Riverwalk Residences. Designed by Borges + Associates Architects.](https://floridayimby.com/wp-content/uploads/2021/08/nbqdCi4.jpeg)
Riverwalk Residences. Designed by Borges + Associates Architects.
![Riverwalk Residences. Designed by Borges + Associates Architects.](https://floridayimby.com/wp-content/uploads/2021/08/9i4udSA.jpeg)
Riverwalk Residences. Designed by Borges + Associates Architects.
The tower crane application remains pending and awaits approval from the FAA.
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Hello…We are the developer and this information is incorrect. We are not a senior living community. We are a luxury apartment home community. Please print the correction.