Fort Lauderdale has seen an influx of construction projects come to life in recent years; a construction boom cycle so to say. And developers have wasted no time in taking advantage of lucrative opportunities to build as the migration of people to South Florida has created favorable real estate market conditions.
Plans to redevelop the site of an old warehouse at 205 Southwest 3rd Street in Downtown Miami have been in the works for quite some time now. The owner of the property, Blys Plank Inc., a company owned by Sean McCormick, has tapped Jo Palma from renown architectural firm PALMA, currently pursuing the new Joint Government Center In Fort Lauderdale, to design a 36-story mixed-use glass skyscraper called The Basel, which is set to rise in to the skyline and over the Interstate 95. The developer, who’s owned the site since the early 1970’s, looks to bring this project to life through a joint venture, as the property is located within what is deemed as an opportunity zone.