Dependable Equities, the South Florida division of Sky Equity Group, has secured a $54 million pre-construction loan from CDK Capital to advance its planned 45-story mixed-use tower at 101 SE 7th Street and 47-story mixed-use tower at 633 SE 3rd Avenue in Fort Lauderdale. Designed by ODA, the developments are located just south of the New River near Las Olas Boulevard and Downtown Fort Lauderdale, with construction anticipated to begin in early 2028.
The financing was arranged by Daryl Hagler and Allen Weinstein of CDK Capital, with Valley National Bank serving as a participating lender. The loan will support the planning and pre-development phase for the two high-rise communities. Combined, the developments are planned to span nearly 2 million square feet and yield approximately 1,460 condominium and multifamily residences, along with roughly 14,000 square feet of ground-floor commercial space.
101 Southeast 7th Street. Credit: ODA Architecture.
The two skyscrapers feature distinct architectural approaches while reflecting ODA’s emphasis on sculptural massing and active public space. At 101 SE 7th Street, the 45-story tower is composed of vertically staggered fluted forms that step up and down to create a dynamic façade, with tubular volumes along the south and west elevations forming terraces at the upper levels and carved recesses that extend outdoor living spaces. An undulating podium clad with vertical aluminum fins is designed to create a textured street frontage and provide shade for pedestrians. At 633 SE 3rd Avenue, the 47-story tower is dominated by a sequence of stepped rounded volumes that reduce the building’s massing as it rises. The tubular forms alternate between curved glazed façades and wraparound balconies, while setbacks and double-height voids create a series of rooftop amenity decks. A large corner plaza, activated walkways, and a three-dimensional parking screen façade lined with residential units are intended to enhance the pedestrian experience at street level.
Credit: ODA Architecture.
Credit: ODA Architecture.
“This pre-construction financing reflects the confidence our capital partners have in our vision and development approach as we continue expanding our presence across South Florida,” said Simon Dushinsky, Founder and CEO of Sky Equity Group.
“We remain focused on delivering thoughtfully designed residential communities in markets with strong demand, and these projects represent an important milestone in our continued investment in Fort Lauderdale.”
“CDK Capital is proud to deepen its relationship with Sky Equity Group by providing bridge financing for its South of the River project,” said Allen Weinstein, principal at CDK Capital.
“The planned project and our prior experience with the firm give us strong conviction in Sky Equity Group, the site, and the long-term vision for this development.”
The latest financing expands Dependable Equities’ South Florida pipeline, bringing the firm’s Fort Lauderdale portfolio to more than 2,200 residences across projects in various stages of development. The company launched sales for its first South Florida project, Ombelle Fort Lauderdale, in 2024. The condominium development features fully furnished residences and approximately 100,000 square feet of indoor and outdoor amenities.
Sky Equity Group continues to expand its development activity beyond Florida as well. In New York City, the company recently topped out construction on its first luxury condominium development in Manhattan, located at 260 East 72nd Street.
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Very attractive designs!
I wish WPB could get something like this